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IMPI Supports Tinubu’s Policies, Sees Economic Benefits

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cc: President Tinubu

The Independent Media and Policy Initiative (IMPI) has endorsed President Bola Tinubu’s policies, suggesting they will positively influence the Nigerian economy despite some short-term challenges. Niyi Akinsiju, Chairman of IMPI, drew parallels between Tinubu’s policy approach and that of former Western leaders, noting how initially criticized policies later proved successful. He highlighted how President Ronald Reagan’s economic strategies, once dubbed “voodoo” economics, eventually led to significant prosperity, drawing a similar hopeful outlook for Tinubu’s initiatives.

Akinsiju also detailed IMPI’s analysis of Tinubu’s recent speech, pointing out the cost-effectiveness of compressed natural gas (CNG) compared to petrol. He praised the administration’s ongoing projects, including the Consumer Credit Corporation and the Nigeria Education Loan Fund, which have already disbursed over N2.5 billion. Additionally, Tinubu’s iDICE program, designed to boost the tech industry, promises job creation and innovation. IMPI also commended Tinubu for reducing debt servicing costs and enhancing national revenue without raising taxes or increasing debt.


 

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Ngozi Okonjo-Iweala Says Nigeria Lacks a Maintenance Culture

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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.”


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Peter Obi Criticises President Tinubu’s Statement on Hunger

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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.”


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Nigerian Army Launches New IED Training Programme

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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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