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IMF praises Nigeria’s economic reforms as Tinubu promises to reduce hardship
IMF praises Nigeria’s economic reforms as Tinubu promises to reduce hardship
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has praised the economic reforms implemented by President Bola Ahmed Tinubu’s administration. She made the remarks during a courtesy meeting with the President on the sidelines of the G20 Leaders’ Summit in Brazil.
Georgieva highlighted the IMF’s commitment to supporting Nigeria’s economic recovery, particularly through the federal government’s social investment programs aimed at alleviating the effects of reforms on vulnerable populations.
She affirmed the IMF’s readiness to provide technical assistance for Nigeria’s budgeting process to optimize outcomes from financial resources and loans.
The IMF chief acknowledged the global economic shocks caused by the pandemic and underscored the importance of building resilient institutions in developing countries.
She emphasized the need for nations like Nigeria to benefit from IMF programs that align with their priorities. Georgieva also advocated strengthening regional economic ties and assured that the IMF is prepared to support this process.
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President Tinubu acknowledged the challenges Nigerians face due to the reforms, including weakened purchasing power, but reiterated his administration’s commitment to mitigating these effects through targeted social safety nets.
“We have started seeing positive results from our reforms, and Nigerians now understand their necessity. However, we must reduce the hardships caused by their implementation,” Tinubu stated.
The President also stressed the importance of education as a pathway out of poverty, highlighting efforts to ensure children remain in school.
“We are designing incentives to keep children in school because education is the key to ending hunger and poverty. We need your support to achieve this,” Tinubu said.
In addition to addressing social challenges, Tinubu noted the government’s focus on tax reforms and substantial investments in infrastructure to drive sustainable growth.
The President congratulated Georgieva on her re-election as IMF Managing Director and thanked her for the Fund’s support in advancing Nigeria’s economic agenda.
IMF praises Nigeria’s economic reforms as Tinubu promises to reduce hardship
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200,000 repentant terrorists surrender, drop arms in North East – CDS
200,000 repentant terrorists surrender, drop arms in North East – CDS
The Chief of Defence Staff, General Christopher Musa, has disclosed that about 200,000 repentant terrorists have so far dropped their arms and surrendered to troops in the North East, noting that the twin strategy of kinetic and non-kinetic operations was responsible for this achievement.
The CDS made this known at the Security and Justice Symposium organised by the Office of the National Security Adviser (ONSA) in collaboration with the British High Commission, which began at the National Counterterrorism Centre in Abuja on Tuesday.
He disclosed that the theme of the symposium, ”Securing Peace, Ensuring Justice, Protection, Conduct, and Accountability,” speaks volumes about the deluge of security challenges the armed forces and security agencies are facing.
His words, “All the challenges we are facing today have to do with fairness, equity, justice, and accountability.
“There will not be peace without justice, equity, fairness, and accountability. In our operations, we are conducting both kinetic and non-kinetic strategies, which have to a large extent yielded significant successes, and we want to particularly thank the National Security Adviser for his great support in this regard.
“Nigeria is going through so many challenges, and we feel we’re able to address this, and everybody has a sense of belonging. A lot of the security challenges we are having, we are sure, will go down. I want to thank the National Security Advisor for all the support he’s given us, both the kinetic and the non-kinetic.
“We have said it; the kinetic aspect is just less than 30%. The non-kinetic has a lot to play. The non-kinetic, because when you have democracy, people must have the evidence of democracy. As long as it tells people to sleep well and be peaceful, and they are hungry, their children cannot eat, and all this creates more problems.
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“The issue of informants. We have to look at how we tackle this issue of informants. Because these are the people who have created the issue.
200,000 repentant terrorists surrender, drop arms in North East – CDS
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Robbers kill two members in shoot-out with Delta police
Robbers kill two members in shoot-out with Delta police
The spokesperson for the police in Delta State, SP Bright Edafe, has confirmed the death of two robbery suspects in the state.
Mr Edafe, who disclosed this to journalists on Tuesday in Warri, said that the deceased were killed from the bullets shot by their gang members.
According to him, the incident occurred on Wednesday at Effurun, Uvwie Local Government Area of the state.
Mr Edafe explained that the deceased were leading the police surveillance team attached to the Ekpan Division to their hideout when they were caught during a shoot-out.
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“The suspects were arrested at Effurun roundabout with a bag containing 57 live cartridges and other items. They were leading the surveillance team to their hideout at Warri/Sapele road when their gang members, on sighting the vehicle of the police team, engaged them in a shootout.During the gun duel, the arrested suspects that were leading the police team were fatally wounded by the gun shot of their colleagues. The two injured suspects were taken to the hospital and later died while receiving treatment,” he said.
Mr Edafe said that items recovered from the hoodlums hideout included: one English pump action gun, one locally made cut-to-size gun and eight live cartridges.
Others were: six iPhones, Smart phones and a Rolex wrist watch.
He said that the command had intensified manhunt on the fleeing members of the gang.
Robbers kill two members in shoot-out with Delta police
(NAN)
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