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ActionAid Nigeria Describes IMF, World Bank Promoters of Bad Economy Policies
ActionAid Nigeria Describes IMF, World Bank Promoters of Bad Economy Policies
By: Michael Mike
ActionAid Nigeria has described the World Bank and International Monetary Fund (IMF) as promoters of bad economy policies on Nigerians, stressing that the two international monetary organisations have
been deeply involved in Nigeria’s economy for decades, pushing policies that have done far more harm than good.
A statement on Tuesday signed by the Country Director, ActionAid Nigeria Andrew Mamedu, said the organisation strongly disagrees with the recent statement made by the World Bank Senior Vice President and Chief Economist, Mr. Indermit Gill at the 30th Nigerian Economic Summit (NES30) in Abuja, urging the Nigerian government to sustain its current economic reforms for the next 10-15 years with no clear plans on how it will cater for the people is misguided and insulting to the millions of Nigerians living through unprecedented economic hardship.
Mamedu said: “This call assumes that continuity and persistence in these policies will yield transformative results, but the evidence tells otherwise. While long-term reform is important, the strategies proposed by the World Bank seem disconnected from the immediate socio-economic realities of Nigeria, especially regarding poverty, weak institutional capacity, and structural economic deficiencies.”
Mamedu added that: “The 2003-2007 reforms which he claims is what Nigeria needs is agreeable in the area of debt cancelation, savings and accountability, but it’s negative effect in the devaluation of naira, subsidy removal and corruption was the bane of that reform.”
He lambasted that: “The World Bank and International Monetary Fund (IMF) have been deeply involved in Nigeria’s economy for decades, pushing policies that have done far more harm than good. The Structural Adjustment Programme (SAP) introduced in the late 1980s remains one of the most devastating legacies of this relationship. It crippled our local industries, especially the textile sector, and opened the floodgates for Nigeria to become heavily dependent on imported goods.”
He explained that: “Before the SAP, Nigeria’s textile industry was a vibrant hub employing hundreds of thousands of workers. However, with the IMF-driven policies forcing cuts in subsidies, import liberalization, and currency devaluation, Nigeria was pushed to shut down its own production capacity. According to the National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN), over 90% of textile products used in Nigeria valued at over $4 billion are imported, primarily from countries in the Global North. These reforms, instead of fostering local economic growth, have funneled wealth out of Nigeria and into the pockets of international financial institutions and foreign economies.”
Mamedu added that: “These reforms lauded by the World Bank have promoted an import-dependent economy, stifling small businesses and local industries. Successive governments have failed to reverse this trend, and the current reforms, such as the fuel subsidy removal and exchange rate unification, continue to hurt small-scale businesses and everyday Nigerians. According to the National President of the Association of Small Business Owners of Nigeria (ASBON), more than 8 million small businesses has shut down within 18 months over economic hardship due to the impact of the economic policies under the administration of former President Muhammadu Buhari and the current administration of President Bola Tinubu.
“This trajectory has driven unemployment and increased poverty levels across the country, with more Nigerians relying on imported goods to meet basic needs. Instead of empowering local entrepreneurs, these policies enrich multinational corporations and external economies, deepening Nigeria’s dependence on foreign imports and exacerbating inequality.”
Mamedu further added that: “While the World Bank celebrates the unification of Nigeria’s exchange rate as the “most effective in 20 years,” it has led to severe hardship for citizens, driving inflation to a 28-year high. Additionally, the sudden removal of fuel subsidies without robust compensatory mechanisms has further eroded household incomes. These reforms disproportionately affect Nigeria’s poorest, pushing the country deeper into poverty while global financial institutions and foreign investors reap the benefits of Nigeria’s open economy.”
He said: “We acknowledge the World Bank’s emphasis on the need for safety nets to mitigate the effects of these reforms. ActionAid Nigeria supports the call for investments in non-oil sectors, job creation, and financing social safety nets through the savings from fuel subsidies. However, it is essential that these efforts are not mere tokenism. Safety nets must be effective, transparent, and sustainable, not reliant on debt-fueled international loans.
It is not only unacceptable but inhumane to ask Nigerians to endure 15 more years of suffering in the name of reforms that have historically failed us. Millions of Nigerians can barely afford food, fuel, or basic services today. Asking them to wait for over a decade for “things to get better” is an affront to their dignity and a reckless gamble with the nation’s future.
“The question is, how many Nigerians will be alive till then to reap the benefits of this reforms, what does the future holds for our children who are currently feeling the brunt of the hardship, will there still be hope for them in 15 years’ time?”
He said: “ActionAid Nigeria emphasizes that Nigerians cannot and will not wait for 15 years for economic policies that will continually inflict hardship. The people of this nation deserve urgent action, not promises of long-term recovery. Every passing day under the weight of these reforms pushes more citizens into extreme poverty and despair.
“We demand that the government rethinks its blind allegiance to the World Bank’s economic blueprint and starts prioritizing the welfare of its people. The government must reject the idea that growth must come at the expense of human lives and begin to invest meaningfully in local industries, small businesses, and sustainable economic models that empower Nigerians rather than enslave them.
“The government must impartially fight one of the root causes of this hardship which is corruption starting with the NNPC as they are at the middle of corruption and responsible for mismanagement of funds from recent reports of the $300 million ‘bailout funds collected from the Federal Government. Amongst all, accountability to the people must take precedence and reforms must be people centered.”
ActionAid Nigeria Describes IMF, World Bank Promoters of Bad Economy Policies
News
Male Leaders Key to Ending GBV, Changing Harmful Norms in West Africa, FG Says
Male Leaders Key to Ending GBV, Changing Harmful Norms in West Africa, FG Says
By: Michael Mike
The Federal Government, UN Women and development partners on Monday declared traditional, religious and community leaders as indispensable allies in the campaign to end gender-based violence (GBV) and dismantle harmful social norms across Nigeria and West Africa, even as they announced a new regional initiative to tackle the growing threat of technology-facilitated violence against women and girls.
The commitment was reaffirmed at the close-out of the Leadership, Engagement, Advocacy and Prevention (LEAP) Project, a three-year Ford Foundation-funded programme implemented by UN Women to mobilise traditional and cultural leaders against GBV.
Speaking at the event in Abuja, the Minister of Women Affairs, Hajiya Imaan Sulaiman-Ibrahim, said sustainable progress in ending violence against women and girls would depend on the willingness of influential community leaders to challenge harmful cultural practices and champion gender equality.
She described traditional and religious institutions as powerful agents capable of transforming attitudes that perpetuate violence and discrimination against women and girls.
The minister stressed that changing harmful social norms required collective action beyond government interventions, urging community leaders to continue using their influence to promote dignity, justice and equal opportunities.
UN Women, however, said the conclusion of the LEAP Project marked not the end of the movement but the beginning of a broader regional campaign.
In remarks delivered on behalf of the UN Women Representative to Nigeria and ECOWAS, Beatrice Eyong, the organisation announced that the Ford Foundation had approved renewed funding for a new regional initiative titled “Community-Led Advocacy and Digital Spaces for the Safety of Women and Girls in West Africa.” The programme will be implemented in Nigeria, Ghana and Senegal and will build on the gains recorded under the LEAP Project by strengthening collaboration with traditional and religious leaders, community institutions and women’s rights organisations.
According to UN Women, the new initiative will also confront one of the fastest-growing forms of violence affecting women and girls—technology-facilitated gender-based violence—including online harassment, cyberstalking, image-based abuse and online exploitation.
The organisation said trusted traditional and religious leaders who had successfully driven change within their communities would now be equipped to promote safe, respectful and inclusive digital spaces, extending the fight against GBV from physical communities to the online environment.
UN Women also highlighted encouraging national data suggesting that prevention efforts were beginning to yield measurable results.
Citing findings from the 2024 Nigeria Demographic and Health Survey, the agency said the prevalence of sexual violence against women declined from nine per cent in 2018 to five per cent in 2024, while physical violence since age 15 dropped from 31 per cent to 19 per cent. Intimate partner violence also fell from 36 per cent to 23 per cent, and female genital mutilation declined from 20 per cent to 14 per cent over the same period.
Nevertheless, UN Women cautioned that declining rates of help-seeking among survivors underscored the need for stronger survivor-centred services, improved reporting mechanisms, psychosocial support and greater access to justice.
The organisation noted that over the three years of implementation, the LEAP Project helped traditional and religious leaders publicly reject harmful practices, strengthened partnerships between governments and traditional institutions, engaged more men and boys as allies, and established community accountability mechanisms that empowered women and girls to seek support. It also facilitated collaboration with Liberia, Sierra Leone, Senegal, Niger and Ghana in developing a Regional Accountability Framework for Traditional Leaders on Gender-Based Violence Prevention.
Stakeholders at the event maintained that while significant progress had been made, sustained investment in prevention, stronger partnerships with community leaders and continued regional cooperation would be critical to eliminating gender-based violence and ensuring that cultural and religious institutions become enduring champions of women’s rights across West Africa.
Male Leaders Key to Ending GBV, Changing Harmful Norms in West Africa, FG Says
News
Marwa Inaugurates Historic Weapons Training for NDLEA Officers, Inducts AK-47 Rifles After 36 Years
Marwa Inaugurates Historic Weapons Training for NDLEA Officers, Inducts AK-47 Rifles After 36 Years
By: Michael Mike
The National Drug Law Enforcement Agency (NDLEA) on Monday formally commenced the induction of assault rifles and advanced pistols into its operational structure for the first time since its establishment 36 years ago, marking a significant shift in its strategy to confront increasingly armed and violent drug trafficking syndicates.
The landmark development was unveiled by the Chairman/Chief Executive Officer of the agency, Brigadier General Buba Marwa (rtd), during the inauguration of a specialised Train-the-Trainer Course on Weapon Handling at the NDLEA Academy in Jos, Plateau State.
The training, which focuses on the handling of AK-47 Type 56-1 rifles and HS-9/CF98A pistols, is designed to produce pioneer instructors who will subsequently train officers across the country’s commands before the weapons are deployed for operational use.
Represented by his Chief of Staff, Colonel Murtala Aminu, Marwa said the initiative reflected the changing realities of Nigeria’s anti-drug war, noting that drug trafficking organisations had evolved into heavily armed criminal networks capable of confronting law enforcement officers.
“The nature of the war we fight has evolved,” he said. “Drug trafficking organisations are no longer mere commercial criminal enterprises; they are armed, organised and ruthless. Our officers face increasing danger in the field, and it would be unconscionable to send men and women into harm’s way without the tools and training to protect themselves and the public they serve.”
He stressed that the programme was not merely about introducing firearms but about protecting the lives of personnel while strengthening the agency’s capacity to combat organised crime.
Marwa attributed the milestone to the support of President Bola Tinubu, commending him for prioritising the strengthening of the agency’s operational capabilities.
He also acknowledged the Office of the National Security Adviser (ONSA) for facilitating the immediate release of an initial consignment of firearms and ammunition, which enabled the commencement of the training programme.
Providing details of the procurement process, Marwa disclosed that the acquisition of the weapons, initiated in 2023 through China North Industries Corporation (NORINCO), had reached its final phase.
According to him, thousands of AK-47 rifles, pistols and ammunition are expected to arrive shortly, while a comprehensive distribution and accountability framework has already been approved to ensure transparency in their deployment.

He added that the agency was collaborating with the Nigerian Air Force to airlift the weapons to commands across the country for secure distribution.
Marwa described the pioneer participants as the foundation upon which the NDLEA’s future weapons-handling culture would be built, charging them to uphold professionalism, discipline and strict adherence to safety standards.
“You are the first. You are the standard-bearers. The operational culture, the safety ethos and the professional discipline that will define how the NDLEA handles weapons all begin here,” he said.
He urged the trainees to regard weapons handling as a grave responsibility rather than a privilege, insisting that every firearm must be handled with utmost caution.
He further emphasised that technical proficiency must always be guided by ethics, restraint, sound judgement and strict compliance with the rules of engagement and the rule of law.
According to him, the authority conferred by firearms should never be abused but exercised responsibly in protecting lives and safeguarding the public.
Marwa said the introduction of tactical weapons represented another milestone in the agency’s transformation into a more professional and effective institution.
He noted that in recent years the NDLEA had recorded unprecedented seizures of illicit drugs, dismantled major trafficking syndicates and secured convictions against notorious drug traffickers.
“The induction of more arms into our operational inventory is the next chapter in that story, and it is a chapter that must be written with honour,” he said.
The agency has in recent years intensified nationwide operations against drug trafficking and abuse, leading to record seizures of narcotics, arrests of traffickers and destruction of cannabis plantations across several states.
The formal arming of selected operational personnel is expected to strengthen officers’ ability to protect themselves during high-risk interdictions and confront increasingly sophisticated criminal networks involved in illicit drug trafficking.
Marwa Inaugurates Historic Weapons Training for NDLEA Officers, Inducts AK-47 Rifles After 36 Years
News
Army EOD Team Discovers, Destroys Two Terrorist IEDs in Borno
Army EOD Team Discovers, Destroys Two Terrorist IEDs in Borno
By Zagazola Makama
Troops of the Nigerian Army’s 5 Brigade Explosive Ordnance Disposal (EOD) Team have successfully discovered and safely disposed of two Improvised Explosive Devices (IEDs) planted by suspected terrorists in Mobbar Local Government Area of Borno State.
Military sources told Zagazola Makama that the operation was carried out at about 5:40 p.m. on June 26 in Wokilti Village following intelligence and routine counter-IED clearance activities in the area.
According to the sources, the explosives were carefully concealed and buried by terrorists along a route believed to be used by troops and civilians, in what appeared to be an attempt to inflict casualties and disrupt ongoing military operations.
The EOD team, using specialised detection and disposal procedures, identified the buried explosives and successfully rendered both devices safe without any casualties or damage.
The sources noted that the prompt discovery and destruction of the IEDs averted a potentially deadly incident and underscored the importance of sustained counter-IED operations in areas previously exploited by terrorist groups.
Military authorities have urged residents to remain vigilant and promptly report suspicious objects or movements to security agencies, as terrorists continue to employ improvised explosive devices in attempts to impede military advances and endanger civilian lives.
Army EOD Team Discovers, Destroys Two Terrorist IEDs in Borno
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