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ActionAid Describes 2024 IMF/World Bank Meeting, A Damp Squib, Falling Short of Addressing Issuing for People Living in Poverty
ActionAid Describes 2024 IMF/World Bank Meeting, A Damp Squib, Falling Short of Addressing Issuing for People Living in Poverty
By: Michael Mike
ActionAid has said the 2024 International Monetary Fund (IMF) and World Bank Annual meetings in Washington, D.C., were a damp squib that fell short of addressing the bread-and-butter issues for people living in poverty.
The IMF’s forecasts of high debt and slow growth, especially among Global South countries, and its recommendations for even more fiscal adjustments, public sector wage rationalization,and the social acceptability of structural reform are testament to their continued failure and inability to show relevance for the global majority in the 21st century.
The Global Economic Justice Lead at ActionAid International, Roos Saalbrink, said: “We see once again how the IMF is not fit for purpose and unable to offer real solutions to the economic crises they helped to create. The decision to stick to old ways and pursue harmful policies, such as public sector wage cuts, is a blatant disregard for decades of evidence that has shown that this does not work and for rapidly growing inequality.”
He added that: “The IMF seems unable to see reality outside its econometric models. Sadly, the lack of meaningful action to arrest the debt crisis and put an end to austerity could spell doom for the global majority, whose voices demanding a break from the failures of the past are yet again ignored.”
On her part, the Policy Specialist at ActionAid UK, Jessica Mandanda, said:
“It has been 80 years, and we find ourselves, yet again, at odds with the International Financial Institutions, with consistent contradictions in what they say and what they do. What is crystal clear is that the IMF is completely out of touch and disconnected from the lived realities of billions across the world who are suffering because of austerity and bad policy advice.
“The calls for austerity, or fiscal adjustments or restrictions as the IMF is calling it, will increase the burden among vulnerable communities, especially women, who bear the brunt of cuts in spending on essential services such as health, education, and other support sectors.
“In so many ways, we have seen even more this past week that the IMF is willing to let people especially women be collateral in the pursuit of economic growth. After 80 years, we expected the IMF to take responsibility for their failed policies and be open to changing their ways of operating. Their decision to stick to business as usual will doubtlessly reverberate negatively on vulnerable and poor communities, in the Global South.”
ActionAid noted that metrics like Gross Domestic Product growth hide the real impacts of economic policies, as well as in whose interests this endless growth is pursued. It is a continuation of a colonial system enabling the extraction of wealth and resources into the hands of a few, fueling extreme inequality. The increased climate crisis stems from this unquestioned pursuit of GDP growth that is driving extractivism and has pushed the planet beyond its limits.
The Women’s Rights Programme and Policy Advisor for ActionAid International, Lina Moraa, said: “While the IMF preaches ‘reform’ it is clear that they have failed to deliver on this for the past 80 years. The fund is still deeply entrenched in neoliberalism and happy to perpetuate a system that fuels inequality and suffering. We demand a radical departure from this failed model and a new era of economic justice for all.”
She noted that the time is up for outdated economic policies, systems, and rules, that disproportionately impact women and girls. As part of international financial architecture reform, governments must take debt negotiations and sustainability assessments away from the IMF to a new UN democratic and representative debt workout mechanism to function at the Fourth UN Financing for Development conference in 2025 hand in hand with a UN Convention on International Tax Cooperation.
ActionAid insisted that there is an urgent need for a collective resolution to the global debt crisis anchored on debt cancellation, radical debt renegotiation, reparations, and bold action for progressive, gender-responsive, and climate-sensitive tax reforms to allow governments to invest in quality public services.
Global Lead on Economic Justice and Public Services at ActionAid International, Roos Saalbrink said: “The blatant unwillingness of global north governments to change the current governance structure of the IMF and World Bank is striking. The IMF itself also seems adamant to keep the system as it is, holding itself at the center of economic decisions continuing the endless cycles of debt, reforms, and cuts in government spending. Debt cancellation simply is not in the IMFs interest, it might put it out of business. So, we should see its outdated recommendations for what they are; a deliberate attempt to maintain its relevance and power.”
ActionAid Describes 2024 IMF/World Bank Meeting, A Damp Squib, Falling Short of Addressing Issuing for People Living in Poverty
News
BOSG Inaugurates 13-Member Committee to Demarcate Boundaries Along River Banks
BOSG Inaugurates 13-Member Committee to Demarcate Boundaries Along River Banks
By: Our Reporter
The Executive Secretary, Borno Geographic Information Services (BOGIS), Engr Adam Bukar Bababe, has inaugurated a 13-member committee tasked to review and darmacate developments along riverbanks, buffer zones, and other waterways in Maiduguri and surrounding areas.
During the inauguration which took place at the BOGIS Board Room, Engr. Adam Bababe emphasized the urgent need to halt unauthorised developments within these high-risk zones, warning against further development in such areas.
He revealed that almost all the properties erected along waterways lack government titles, making them illegal under all regulations.
The Executive Secretary further disclosed that over 1,300 structures have been marked as illegal since 2020, and stressed that in light of the September 10th flood disaster, that caused damages and loss of lives, the government will prioritize stricter enforcement to curb unauthorized developments along waterways.
Bababe highlighted that these measures are essential to safeguard communities and prevent future disasters, as the state intensifies efforts to promote safe, regulated land use practices in vulnerable areas.
The committee’s objectives include reviewing current buffer zones along the riverbanks of River Yedzaram and Ngaddabul, updating them based on reality, identifying developments within the zones, producing detailed plans for executive approval, and recommending measures to protect and plan along the rivers.
The committee which was given a two-week mandate to carry out their assignment and submit recommendations for executive approval has Tlp Liman Gana Mustapha as Chairman, Amsami Alhaji Bukar as Co. Chairman, and Modu Usman choromi as Secretary.
In his remarks, the Committee Chairman Liman Gana Mustapha expressed appreciation to the State Governor for entrusting them with this critical responsibility and assured that the committee members are committed to executing their duties diligently and impartially, prioritizing the well-being of the state and its residents.
BOSG Inaugurates 13-Member Committee to Demarcate Boundaries Along River Banks
News
Education: China Seeks to be Nigeria’s Great Partner
Education: China Seeks to be Nigeria’s Great Partner
By: Michael Mike
China has reiterated its commitment to be Nigeria’s great partner in the education sector, noting that the sector is key to the development of any country.
The Chinese Ambassador to Nigeria, Yu Dunhai, while stating that China is interested in Nigeria’s development at the launch of Chinese Corner and “Nihao China” Painting Competition Awards Ceremony, in Abuja, stressed that education is one key that is critical to the development of a nation.
He said: “And among this very important consensus, one of them is to increase the high-level education exchanges between our two countries. So I would like to assure you that in the future, the Chinese Embassy would like to contribute more to build more Chinese corners across Abuja. And we would like to provide more opportunities for teachers and the students to visit China and to train in China. I hope that the teachers and the students in the China corner, they will really become the messengers of friendship between our two countries.”
The envoy disclosed that for the past 10 years, under the cooperation of Chinese Embassy and the FCT Education Board, over twelve Chinese corners have been built around Abuja, to provide students and teachers with the opportunity to explore the mysterious and wonderful oriental Chinese culture.
He said: “I would like to echo that in this fast-changing world, it is important to increase the understanding of diversity. So I think the Chinese corner has contributed to the cross-cultural communications. And students, by committing to the Chinese culture, Chinese dance, Chinese history, I think it broadens their vision, their eyesight. And I think in the future, they will become messengers and ambassadors between our two countries.
“And of course, over the years, we have also selected many well-performed students and teachers to visit China. Currently, there are quite a few students still in China. And this is an opportunity that we believe is really a testament of the good cooperation between our two countries. Because I believe that country-to-country relations eventually boil down to people-to-people relations. And students are the future of the country.”
Speaking on the painting competition, the Chinese Ambassador commended the initiative, adding that Nigeria is a great country, with wonderful talents.
” I really like the performances, from the teachers, the students, and I think it’s wonderful, well done. I already learned that, People say that all Nigerians are artists, and today I see with my own eyes, that’s true, each and every Nigerian is an artist. And I’m very happy to learn that over the years, there are many students that benefited a lot from the Chinese corner. We got very positive responses, and there are some students who came to us saying that it’s a very cool club, because it provides them with the opportunity to explore the mysterious and wonderful oriental Chinese culture”, he added
The Director/Secretary, FCT Secondary Education Board, Dr. Muhammed Ladan, noted that the relationship with China and Nigeria is of mutual benefit to both nations, urging the student who participated in the painting competition to feel proud to have participated.
He said: “The Corners serve as a resource Center for Chinese education and also serves as hubs for cultural exchange between Nigeria and China. The Chinese Corners provides the students ample opportunities to learn mandarin and seek scholarships in China to further their studies. It may interest you to know further that, the collaboration between Chinese Embassy and the FCT Secondary Education Board has been that of mutual benefit to both countries. While the Chinese gain a cultural exposure to the young generation of Nigerians, the Nigerian students and staff on the other hand, gain capacity building, scholarship and educational support.”
Responding to the gesture from the Chinese people, the Principal Government Secondary school, Wuse zone 3, Josephine Ogwu, said the China Corner will be used effectively.
She said: “The Cultural centre which provides a platform for educational and cultural exchange between Nigeria and China. we hope that the Chinese Corner contributes meaningfully towards people to people diplomacy, while providing educational and artistic opportunities, and fostering a sense of community among people from diverse backgrounds. We also anticipate that this initiative will serve to deepen the mutually beneficial cooperation and respect between Nigeria and China.”
Other highlights of the event were presentation of awards to the students who participated in the Nihao China” Painting Competition which saw about 120 students entering for the competition.
Participating students of the competition were made to understand that it is the participating in the competition that matters and is more beneficial to the students, because it improves their artistic skills, rather than winning.
Education: China Seeks to be Nigeria’s Great Partner
News
US, Nigeria Collaborate to Strengthen Peace Structures, Build Local Capacity to Combat Conflicts
US, Nigeria Collaborate to Strengthen Peace Structures, Build Local Capacity to Combat Conflicts
By: Michael Mike
The United States and Nigeria have collaborated to strengthen peace structures across key conflict-prone areas in Nigeria, in a step towards enhancing peace and security in the country.
The Nigeria’s position is led by the Institute for Peace and Conflict Resolution (IPCR) while United States collaboration is pushed by USAID, and it is aimed at building local capacity, improve early warning systems, and foster stronger collaboration among government agencies, community leaders, and security forces to reduce violence and promote stability in targeted regions.
Director General of IPCR, Joseph Ochogwu
while unveiling the Nigeria’s Conflict Early Warning Situation Room on Tuesday in Abuja, emphasized the collaborative nature of the initiative, bringing together national, international, and local entities united in the mission of fostering social cohesion and preventing violence.
He said: “This partnership is unique, not only for its inclusivity—from international stakeholders to grassroots actors—but for the commitment it represents to peace building.”
The initiative, dubbed the Peace Action for Rapid and Transformative Nigeria and Early Response Partner (PARTNER), is funded by USAID and aimed at empowering communities with tools to monitor and report early signs of conflict.
Ochogwu noted that starting in Kwara and Kaduna states, the programme now operates in nine states, including Benue, Nassarawa, and Katsina, establishing community-based peace structures and reconciliation committees.
He said: “A key element of the new Situation Room is its integration of digital tools. Since April, IPCR has been using an early warning and response application alongside SMS and toll-free lines to collect conflict data across Nigeria.”
He added that these tools have enabled 100 active reporters and 63 responders to document 363 conflict-related incidents, stating that: “This is not an intelligence tool; it’s a development initiative to address violence at the community level.
“The new technology, coupled with the work of the State Peace Commissions, offers a “quick response” mechanism to help de-escalate conflicts, transforming early warning signs into action.”
USAID Mission Director in Nigeria, Melissa Jones, highlighted that responses to incidents have been seen as quickly as 20 minutes from distress calls.
Jones said: “This rapid response capability is unprecedented and is already saving lives.”
She commended the joint efforts of Nigerian agencies and communities.
On his part, the Presidential Communication Commander Control Center in the Office of the National Security Advisor Robert Obande underscored the system’s potential to foster inclusive dialogue and reconciliation while addressing root causes of conflict.
He praised the IPCR, USAID, and local peacebuilding agencies for their dedication.
He said: “This initiative demonstrates a collective commitment to securing a safer future for all Nigerians. The Situation Room is fostering stronger relationships between communities and security agencies, which many see as vital to sustainable peace in Nigeria.
“Through partnerships with local NGOs and state peace commissions, communities are now empowered to mediate conflicts, including those between farmers and herders, reducing violence and strengthening local economies.”
Mercy Corps Country Director, Ndubisi Anyanwu, on his part, emphasized that local ownership of the project is a key principle of the PARTNER initiative.
He said: “Mercy Corps built capacity, but our local partners implemented the program, proving the effectiveness of grassroots-led conflict management.
“The establishment of Nigeria’s Conflict Early Warning Situation Room represents a milestone in the country’s journey toward peace.
“With robust partnerships, community engagement, and technological advancements, it offers a promising pathway to mitigate violence and ensure a more peaceful future.”
US, Nigeria Collaborate to Strengthen Peace Structures, Build Local Capacity to Combat Conflicts
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