Showing posts with label World Bank and the IMF. Show all posts
Showing posts with label World Bank and the IMF. Show all posts

Friday, November 1, 2024

Toying With The Hardship Nigerians’re Going Through

 By Adekunle Adekoya

Since May 29, 2023, Nigerians have been struggling with unrelenting rises in the cost of living following peremptory removal of subsidy on petrol by President Bola Tinubu.


The much-touted ‘market forces’ have since reacted to the development most viciously, and continue to do so, with many Nigerians gnashing their teeth as it gets harder to make ends meet. What is very disturbing about the whole thing is that government has completely abandoned the people to the mercies of the market forces.

Friday, October 25, 2024

Tinubu’s Cabinet Rejig As Red Herring

 By Adekunle Adekoya

My fellow countrymen and women are incurable optimists. As the grind got harder and life became more brutish and nasty as a result of the economic policies the president chose to adopt and implement, most Nigerians continued to look at the brighter side of life, praying and hoping that things will get better.

*Tinubu
In the hope that things will get better, many started calling on the president to reshuffle his cabinet. To those making the calls, inactive ministers are somewhat responsible for the short end of the stick that government policies handed them.

Saturday, September 10, 2022

Nigeria: Why Getting The Economy Right Matters

 By Dan Agbese

Vice-president Yemi Osinbajo was in Washington last week to talk shop with US and World Bank officials on issues that matter to our country and the rest of the world. His takeaway from that trip will most likely be the brief lecture given him by the World Bank Group president, David Malpass, on the management of our stubborn national economy. Osinbajo was shopping for support from the World Bank on the vexed challenge that has defeated every president since our return to civil rule in 1999: fuel subsidy. Yes, that again.

Malpass thought the vice-president was looking for a solution in the wrong place because, as we say in this country, the solution is in his sokoto, not in Sokoto. The Daily Times online publication captured the essence of his advice to the vice-president with this headline: “World Bank to Osinbajo: Go home, address your staggered exchange rates, over-bloated fuel subsidy.