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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.
Nigerian businessman Isaac Fayose has spoken about what he considers one of the country’s biggest problems, stating that many Nigerians are worried about government taxation, insecurity, and the increasing rate of kidnappings for ransom.
He lamented the situation and criticized the government, arguing that these issues have become deeply rooted and that there appears to be no lasting solution in sight.
According to him “In Nigeria we have two governments. One is collecting tax, the other one is collecting ransom. Both of them have one thing in common which is to make life difficult for their people.
The one that is collecting tax without doing anything will come and share you rice and semolina. The one that is collecting ransom is doing giveaway on social media.”
It was reported that bandits were seen in Kwara State and abducted six residents from Rukpete Village.
The incident was reported to have occurred on June 8 at about 11 p.m.
Sources revealed that seven people were initially taken, but an elderly man was later released, leaving six victims in captivity.
The rising cases of insecurity in the country remain quite alarming.
The state of the country is affecting many people, as they believe nowhere is safe, including schools where they keep their children.
It has been reported that some parents have started withdrawing their children from schools in Abuja.
It can be noted that rumours of bandits being sighted near a school triggered panic, causing parents to hurriedly remove their children for safety.
While the reports of bandits have not been confirmed, the school has also issued safety measures to ensure the protection of students within the premises.
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