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IMF releases $29bn to Nigeria, 69 others

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The International Monetary Fund (IMF) says it has advanced $29bn under the Rapid Credit Facility and Rapid Financing instrument to Nigeria and 69 other countries.
It stated this in an emailed report on Monday.
This was part of its updated economic funding support totalling $99bn to 70 emerging and developing economies to tackle COVID-19 pandemic.
Nigeria got $3.4bn of the $29bn to enable it to strengthen balance of payment and local currency.
The fund said other countries also benefited from the support fund through other channels, including augmentations under existing programmes, to the tune of over $70bn, thus bringing the total support fund to the $99bn.
Many African countries like Ghana, Gabon and South Africa, among others, have been knocking on the IMF’s door for financial assistance to fight the pandemic.
As the virus plunged Africa into its deepest recession in decades, IMF continued to support many of the member countries to pull out of the financial implications on their economies.
IMF Managing Director Kristalina Georgieva said the fund was meant to assist Nigeria’s fight against COVID-19 and resolve urgent balance of payment needs.
The fund said even compared to previous crises such as the Ebola epidemic, the needs triggered by this current pandemic are unprecedented.
“The fund’s rapid response helped many countries to contain and mitigate the impact of this external shock,’’ according to the report.
This financial assistance does not have traditional IMF conditionalities and phasing of disbursements over time. But countries still undertake policy commitments to address their difficulties, and governance commitments about how those resources are to be spent.
The Fund said the human toll and global economic disruption from the COVID-19 pandemic triggered unprecedented demand for financing.
The multilateral institution added that it had provided relief to more than one-third of its membership.
“Since the onset of the pandemic, the IMF has responded rapidly and decisively to meet urgent and exceptional demand for financial assistance from its membership,” it said in the statement.
Since March 2020, 70 members, including many low-income countries, have received financial support under the two instruments created to address urgent financing needs that may arise from natural disasters (including pandemics, earthquakes and hurricanes).
The IMF explained that in April, it approved a broad package of reforms, which built on previous changes to strengthen the reach and flexibility of financial assistance under these facilities.
The IMF disclosed that across Africa, countries are trying to build buffers to strengthen their economies, and for Nigeria, it is through the collection of taxes.
It said Nigeria should use the crisis to transform into a more resilient economy.

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US Lawmakers Raise Fresh Alarm Over Alleged Christian Genocide in Nigeria

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US lawmaker Riley Moore
US lawmaker Riley Moore

US Lawmakers Raise Fresh Alarm Over Alleged Christian Genocide in Nigeria

Several United States lawmakers have raised fresh alarm over alleged Christian persecution and genocide in Nigeria, urging diplomatic intervention, policy action, and international attention to the country’s ongoing security crisis.

Republican Representative Riley Moore highlighted violence by armed groups, including Boko Haram and Fulani militias, which have displaced hundreds of thousands of Christians, particularly in Benue State. Moore described the attacks as “genocidal” and has called for stronger U.S. engagement to protect vulnerable communities.

In Congress, lawmakers have introduced resolutions condemning violence against Christians in Nigeria, with some pushing to designate the country as a “Country of Particular Concern (CPC)”, a U.S. foreign policy measure that could trigger sanctions and diplomatic pressure. Supporters argue the move is necessary to compel Nigeria to strengthen security, while critics caution that such a designation could strain U.S.–Nigeria relations.

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The Federal Government of Nigeria has dismissed the genocide narrative as propaganda and misinformation, noting that Nigeria’s security challenges affect both Christian and Muslim communities. Abuja has also hired U.S.-based lobbyists to communicate its security efforts and clarify that the violence is linked to terrorism and communal conflict, not targeted religious extermination.

Religious and civil society voices remain divided. Some emphasise the real threat to Christian communities, while others warn that framing the situation as genocide oversimplifies Nigeria’s multifaceted security challenges, which include terrorism, banditry, and communal violence.

As debate intensifies, the controversy continues to influence international perceptions, diplomatic relations, and discussions on religious freedom and security policy in Nigeria.

US Lawmakers Raise Fresh Alarm Over Alleged Christian Genocide in Nigeria

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Obasanjo Holds Secret Meeting With Babangida Amid 2027 Election Speculations

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Former President Olusegun Obasanjo and General Ibrahim Badamasi Babangida
General Ibrahim Badamasi Babangida and Former President Olusegun Obasanjo

Obasanjo Holds Secret Meeting With Babangida Amid 2027 Election Speculations

Former President Olusegun Obasanjo met privately with ex-military ruler General Ibrahim Badamasi Babangida at Babangida’s residence in Minna, Niger State, in a closed-door meeting that has sparked widespread speculation about potential political alignments ahead of the 2027 general elections.

The meeting, which lasted about 30 minutes, drew attention as both leaders emerged as key elder statesmen whose counsel and influence are often sought by Nigeria’s political elite. Neither Obasanjo nor Babangida spoke to journalists after the session, and no official statement was released, fueling discussions about behind-the-scenes strategic planning and coalition-building for 2027.

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Political analysts note that such high-profile consultations are common ahead of major elections, as party leaders, former presidents, and influential figures explore alliances, policy priorities, and national governance strategies. Observers also link this meeting to recent PDP and APC elder consultations, signaling continued efforts by senior politicians to shape the electoral landscape.

The rendezvous underscores Obasanjo’s continuing role as a political kingmaker, leveraging his network and experience to influence party strategies, candidate selection, and national discourse. With the 2027 elections approaching, similar closed-door meetings among Nigeria’s top political figures are expected to intensify in the coming months.

Obasanjo Holds Secret Meeting With Babangida Amid 2027 Election Speculations

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Outrage in Borno as APC Excludes VP Shettima’s Photo at North‑East Zonal Hearing

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Vice‑President Kashim Shettima

Outrage in Borno as APC Excludes VP Shettima’s Photo at North‑East Zonal Hearing

There has been widespread anger in Borno State after the All Progressives Congress (APC) omitted Vice‑President Kashim Shettima from the official banner at the party’s North‑East zonal public hearing on constitutional amendments in Maiduguri. The banner, which featured President Bola Ahmed Tinubu, the five APC governors from the region, and the party’s National Legal Adviser, conspicuously left out Shettima, a native of Borno State.

The omission prompted immediate backlash from party leaders, including Abdulkarim Lawan, Speaker of the Borno State House of Assembly, who described it as “provocative and unfair,” stressing that it was inappropriate to sideline a senior party official in his home state. The speaker recalled a similar controversy at an APC event in Gombe State last year, highlighting persistent sensitivities within the party’s North‑East faction.

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Attendees of the Maiduguri hearing, convened to discuss proposed constitutional amendments, expressed support for Lawan’s remarks, with loud applause and calls for the Vice‑President’s recognition. In response, the APC Deputy National Chairman dismissed the exclusion as an oversight by organisers, insisting there was no intention to diminish Shettima’s status and affirming that the hearing’s focus remained on party reforms rather than politics.

The incident comes amid speculation about internal APC dynamics ahead of the 2027 general elections, including questions around representation and leadership within the North‑East. Analysts note that repeated omissions of Shettima at high-profile events could fuel perceptions of internal rifts and affect party cohesion in the region.

Outrage in Borno as APC Excludes VP Shettima’s Photo at North‑East Zonal Hearing

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