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Tinubu Assures IMF’s Georgieva that Nigeria’s Economic Reforms Are Yielding Positive Results
President Bola Ahmed Tinubu recently assured Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), that Nigeria’s economic reforms are beginning to show positive outcomes.
During their meeting, the President emphasized his administration’s unwavering commitment to alleviating the challenges brought on by these reforms while prioritizing the protection of the nation’s most vulnerable citizens.
President Tinubu highlighted that key aspects of his administration’s agenda include strengthening social safety nets, improving access to education, and driving investments in infrastructure.
He stressed that these efforts are crucial for fostering inclusive growth and ensuring that no Nigerian is left behind in the journey toward economic recovery and development.
In addressing fiscal policies, the President acknowledged the need to expand the country’s tax base as part of broader efforts to achieve sustainable developmental growth.
However, he reassured Nigerians that this would be done responsibly, without imposing additional burdens on a population already grappling with economic hardship.
The meeting with Georgieva comes at a time when Nigeria is undergoing significant economic adjustments, including the removal of fuel subsidies and the unification of the foreign exchange rate.
While these measures are intended to stabilize the economy and attract foreign investment, they have also led to increased costs of living for many Nigerians.
The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has spoken on Nigeria’s economy, stating that the country lacks a good maintenance culture.
She said “The fact is that endowments alone do not add value. Budgetary allocations alone do not lead to new roads or good maintenance.”
“We lack a maintenance culture in the country. I have to say that. I’m Nigerian, but we need that. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation.”
Politician and former presidential candidate Peter Obi speaks on President Bola Tinubu’s comments regarding the rising hunger and worsening economic situation in Nigeria.
It can be noted that the President recently stated that hunger has always existed in Nigeria.
Peter Obi responded “I watched with deep concern the statement made by President Bola Tinubu to the Catholic Bishops, that there has always been hunger in Nigeria, even before he was born.”
“While it is true that hunger has been a part of human life and has existed in our country for decades, such a statement appears insensitive to the plight of the millions of Nigerians who face worsening economic hardship today.”
Reports have been shared stating that the Nigerian Army has launched a new programme designed to train and improve the skills of engineers in tackling threats posed by Improvised Explosive Devices (IEDs).
The seminar is being organised by the 41 Engineer Brigade of the 1 Division Nigerian Army.
It was stated “Improvised Explosive Devices have become one of the greatest security threats confronting the Nigerian Army in ongoing counter-insurgency operations. Their widespread use has complicated military operations and humanitarian activities in conflict-affected areas.”
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