Connect with us

News

Despite heavy hunger, World Bank Tells Nigerians Not To Oppose, Reverse Tinubu’s Economic Reforms

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

By Kayode Sanni-Arewa

Despite hunger, World Bank has urged Nigerians to support the ongoing economic reforms, warning that opposing or reversing them could have serious negative consequences for the country.

Speaking at the launch of the Nigeria Development Update (NDU) report in Abuja, the World Bank Country Director for Nigeria, Dr. Ndiame Diop, emphasized that while the reforms may be challenging, they are crucial for the nation’s long-term stability.

Dr. Diop cautioned that rolling back these reforms would be detrimental, saying, “Reversing the reforms would spell doom for Nigeria.”

Advertisement

In the same vein, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reiterated the importance of staying committed to the reforms. He stated, “Any effort that is not sustained will be a waste. Together with the Governor of the Central Bank of Nigeria and the Minister of Budget and National Planning, we’ve been discussing how to stay on course.”

Edun further explained that the government’s focus is on reducing inflation while ensuring investments flow into critical sectors such as industry, where jobs can be created. “We are prioritizing market pricing and sat down with labor unions to explain why we cannot afford to let this opportunity slip.”

On the removal of subsidies, Edun noted, “Every day without subsidies means more funds available for education, healthcare, and other essential expenditures.”

Also speaking, Central Bank Governor Mr. Olayemi Cardoso highlighted the importance of promoting exports in light of the exchange rate adjustments. “The moderation in the FX rate should make our goods more competitive for export and discourage the importation of unnecessary goods,” he said

Advertisement
Continue Reading
Advertisement
Click to comment

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49

You must be logged in to post a comment Login

Leave a Reply

News

Day 4 of projects commissioning as President TInubu set to commission newly constructed Court of Appeal Building

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

 

President Tinubu will commission the newly constructed Court of Appeal (Abuja Division) Building today, 15/6/26 as FCT projects commissioning enters Day 4.

#FCTProjects2026
#RenewedHopeFCT

Continue Reading

News

Cholera Outbreak: Plateau Records 5 Deaths, 11 Confirmed Cases

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Plateau State commissioner for Health, Dr Nicholas Baamlong, has revealed that the state recorded 11 confirmed cases of cholera, five deaths and 53 suspected cases.

Baamlong, who disclosed this to journalists yesterday in Jos, said the confirmed and suspected cases were reported in Pushit, Mangu 1 and Mangu 2 communities in Mangu local government area (LGA).

According to him, the state Ministry of Health is intensifying public health interventions to contain the outbreak, prevent further spread and reduce its impact on affected communities.

He explained that the state had taken decisive actions to control the outbreak and protect its citizens via the deployment of additional Response Teams (RRTs) to the affected wards, scaling up of treatment centres and isolation capacity and the emergency procurement of Rapid Diagnostic Tests Kits, intravenous fluids and essential drugs.

Advertisement

The Commissioner further said that the ministry had activated an Incident Management System (IMS), for a comprehensive and multi sectorial response to the outbreak.

“The activation of the IMS ensures a coordinated, efficient, and accountable response structure in line with national and international emergency response frameworks,” he said.

Baamlong explained that cholera was an acute diarrhoeal disease caused by consuming food or water contaminated with the bacterium Vibrio cholerae.

He urged residents of Mangu LGA and neighbouring communities to remain vigilant and take preventive measures, including drinking safe water, maintaining proper hand hygiene, avoiding open defecation, and ensuring proper waste disposal.

Advertisement

He also advised residents to promply report suspected cases of cholera to the nearest healthcare facility for immediate attention.

While reaffirming the state government’s commitment to safeguarding the health and well-being of residents, Baamlong called on development partners and other stakeholders to support ongoing response efforts.(NAN)

Continue Reading

News

South Africa says 2,745 foreigners sent home in a week

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

South Africa has repatriated 2,745 foreigners in the week after President Cyril Ramaphosa vowed tougher action against illegal immigration, the country’s home affairs minister said on Sunday.

One of Africa’s largest economies, South Africa has long attracted migrant workers from across the continent, both legally and illegally.

But saddled with an unemployment rate above 30 percent, it has experienced recurring spurts of anti-immigrant unrest, including fresh violence in recent weeks.

Mobs of South Africans carrying sticks, whips and shields have marched through parts of the country ordering foreigners with no residency papers to leave by June 30.

Advertisement

Growing security fears after businesses were looted and foreigners targeted have prompted citizens of Nigeria, Malawi, Ghana, Zimbabwe and Mozambique to accept voluntary repatriation organised by their governments.

“As of last night, the number we can report is 2,745 repatriations that have come in this period since the president spoke,” Home Affairs Minister Leon Schreiber told reporters.

“It is a moving target,” he said.

The government said most of those repatriated were in the country illegally.

Advertisement

They include Malawian nationals, about 7,000 of whom have been sheltering in an open field in the eastern port city of Durban, according to an inter-ministerial migration committee set up after the president’s address.

Eight buses commissioned by the Malawian government began moving its citizens on Sunday, with South Africa providing 10 additional buses to speed up deportations, the committee said.

Some 560 people, including about 200 children, took the journey on Sunday, Malawi Consul General Max Biwi said.

Among those boarding the first buses, some carried babies on their backs and small bags of belongings.

Advertisement

“I’m relieved we are finally leaving. It’s better than living in fear here,” said Fortunate Chilenje from Blantyre, Malawi’s commercial capital.

The 25-year-old had lived in South Africa for three years, she told AFP, adding that threats to leave had followed her even at the camp, one of the largest to emerge since the unrest began.

The government said on Sunday it did not operate refugee camps and had no intention of establishing them, even on a temporary basis.

Another passenger, Laina Nala from Mangochi in southern Malawi, said she simply wanted to be dropped as close to her home as possible, rather than continuing on to Blantyre.

Advertisement

“Blantyre is too far and expensive from there,” she said.

For Hassan Hasha, 27, a debt linked to his journey to South Africa still hung over his head.

He said he had barely stayed in South Africa for weeks before the anti-foreigner sentiment flared, but added: “I have resigned myself to going home”.

Last week, Ramaphosa acknowledged public concerns over illegal immigration but warned that the authorities would not tolerate anyone taking the law into their own hands.

Advertisement

Tensions escalated after two Mozambicans were killed following a May 29 march against illegal migrants in the Western Cape town of Mossel Bay. Mozambican authorities put the toll at five.

There are more than three million foreigners living in South Africa, or 5.1 percent of the population, according to the statistics agency.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News