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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
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Court remands TikToker over false obituary video of President Tinubu

Court remands TikToker over false obituary video of President Tinubu
By: Zagazola Makama
A Chief Magistrate Court in Abuja has ordered the remand of a social media influencer, Ghali Isma’il, at the Keffi Correctional Centre for allegedly publishing a false video announcing the death of President Bola Tinubu.
Zagazola Makama learnt that the Department of State Services (DSS) arrested Isma’il following a video he uploaded on his verified TikTok handle, @bola_asiwaju, in which he claimed that the President had died after allegedly being poisoned.
The 29-year-old suspect, a native of Jogana Village in Gezawa Local Government Area of Kano State, was arraigned on a two-count charge bordering on publication of false news and inciting disaffection against the government.
The first count, titled Publication of false news with intent to cause offence against public peace, stated that Isma’il, on or about July 20, 2025, falsely claimed in the video that he had confirmed from official sources that President Tinubu was critically ill, allegedly after being poisoned. The charge added that the intent was to cause public alarm and disturb the peace.
The offence, according to the prosecution, is punishable under Section 418 of the Penal Code Act, Cap P3, Laws of the Federation of Nigeria, 2004.
The second count, Inciting disaffection to the government, accused the defendant of attempting to bring contempt or incite feelings of disaffection against the President by spreading falsehood. The prosecution cited Section 416 of the Penal Code as the relevant legal provision.
The presiding magistrate, Ekpeyong Iyang, after listening to submissions by the prosecution and the defence, denied the bail application filed by Isma’il’s counsel.
He ordered the accused to be remanded at the Keffi Correctional Centre pending the continuation of trial, which was adjourned till August 19.
Isma’il’s arraignment came days after a U.S.-based professor of journalism, Farooq Kperogi, apologised for publishing a false report alleging that former President Muhammadu Buhari and his wife, Aisha, were divorced at the time of his death.
In a similar development, Finnish-based separatist agitator, Simon Ekpa, is currently standing trial in Finland for terrorism-related charges stemming from online broadcasts supporting Biafran separatism.
Prosecutors in Finland are seeking a six-year prison sentence for Ekpa, whose online activities, they argue, constitute terrorism under Finnish law.
Last week, in Abuja, Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB), told a Federal High Court that his online broadcasts were mere jokes, despite prosecution claims that the content led to the deaths of hundreds.
Court remands TikToker over false obituary video of President Tinubu
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Malnutrition crisis in northern Nigeria: mobilization is urgently needed to avoid further deaths

Malnutrition crisis in northern Nigeria: mobilization is urgently needed to avoid further deaths
By: Abdulkareem Yakubu
Northern Nigeria is currently facing an alarming malnutrition crisis. In Katsina State for instance, where Doctors Without Borders/ Médecins Sans Frontières (MSF) has been present since 2021, the teams are seeing an ever-increasing number of malnourished children in its therapeutic feeding centers, with increasingly severe conditions and higher mortality rates. In collaboration with the local authorities, emergency prevention distribution of nutritional supplements has started for 66,000 children in the local government area of Mashi. In the context of drastic cuts in international funding, the need for prevention and treatment of malnutrition is enormous in northern Nigeria, and urgent mobilization is required.
By the end of June 2025, nearly 70,000 malnourished children had already received medical care from our teams in Katsina State, including nearly 10,000 who were hospitalized in serious condition. Without taking into account the new healthcare facilities opened by MSF during the year in the state, this represents an increase of approximately one-third compared to last year. In addition, between January and June 2025, the number of malnourished children with nutritional oedema, the most severe and deadly form of malnutrition, rose by 208 percent compared with the same period in 2024. Unfortunately, 652 children have already died in our facilities since the nobeginning of 2025 due to a lack of timely access to care. A worrying sign of the growing severity of this major public health emergency, is that adults—particularly women, including pregnant and breastfeeding women—are also affected. A screening carried out in July in all five MSF malnutrition centers in Katsina State on 750 mothers of patients revealed that more than half of adult caregivers were acutely malnourished, including 13 percent with severe acute malnutrition.
To cope with the massive influx of children expected by the end of the lean season in October, MSF has increased its support to local authorities in several states in north Nigeria where we provide care to the population. In Katsina state for instance, we opened a new ambulatory therapeutic feeding center (AFTC) in Mashi and an additional inpatient therapeutic feeding center (ITFC) in Turai, to provide a total of 900 beds in two MSF-supported hospitals.
“The year 2024 marked a turning point in northern Nigeria’s nutritional crisis, with an increase of 25 percent from the previous year,” explains Ahmed Aldikhari, country representative of MSF in Nigeria. “But the true scale of the crisis exceeds all predictions. We are currently witnessing massive budget cuts, particularly from the United States, the United Kingdom, and the European Union, which are having a real impact on the treatment of malnourished children.”
Earlier this week, the World Food Programme (WFP) announced it will be forced to suspend all emergency food and nutrition aid for 1.3 million people in Northeast Nigeria by the end of July due to ‘critical funding shortfalls’.
“At the same time, we observe ever-increasing needs, such as in Katsina State, where an increasing number of people cannot afford to buy food anymore, even though it is available in markets,” added Aldikhari.
A food security survey carried out by humanitarian organizations in the local government area of Kaita, in Katsina state, before the lean season began at the start of 2025 revealed that over 90 percent of households had reduced the number of meals they ate each day.
Across the north, other factors worsening the malnutrition crisis include disease outbreaks worsened by low vaccine coverage, availability and accessibility of basic health services, and other socioeconomic indices complicated by insecurity and violence.
“The most urgent way to reduce the risk of immediate death from malnutrition is to ensure families have access to food,” says Emmanuel Berbain, nutrition referent at MSF. “This can be done through large-scale distribution of food or nutritional supplements, as we are currently doing in the Mashi area, or through cash distributions when and where it is possible.”
The capacity to care for and treat malnourished children must also be expanded, both by increasing the number of beds in health facilities and by providing funding and access to ready-to-use therapeutic food (RUTF). These actions must be undertaken as a priority in areas where the needs – i.e. the number of malnourished children – are greatest.
People over the age of five, who are also increasingly affected by malnutrition but are currently not covered by any assistance, should also be included in prevention programs.
On July 8, His Excellency Nigeria’s Vice President Kashim Shettima publicly sounded the alarm on the scale of malnutrition in Nigeria, warning that it deprives almost 40 percent of children under the age of five of their full physical and cognitive potential. He described the situation as a national emergency requiring urgent and collective action.
MSF treated over 300,000 malnourished children in seven northern states in 2024, a 25 percent increase from 2023. In the Northwest alone, where MSF tackles malnutrition in the states of Sokoto, Kebbi, Katsina, and Zamfara, we have already treated almost 100,000 children suffering from severe and moderate acute malnutrition in outpatient treatment centres in the first six months of 2025 and hospitalized around 25,000 malnourished children
Malnutrition crisis in northern Nigeria: mobilization is urgently needed to avoid further deaths
News
Nigerian Poet Designated United Nations Global Advocate for Peace

Nigerian Poet Designated United Nations Global Advocate for Peace
By: Michael Mike
Maryam Bukar Hassan of Nigeria has been officially designated as the United Nations’ Global Advocate for Peace.
A renowned spoken word artist, poet, and peace advocate, Ms. Bukar uses the power of poetry and performance to champion gender equality, youth empowerment and inclusive peacebuilding.
Bukar has showcased her work on prestigious platforms including the UN SDG Awards, TED Talks and the World Bank Youth Summit. She has collaborated with the UN on initiatives such as the “Peace Begins With Me” poetry video for the International Day of Peace and her impactful spoken word performance at last year’s Summit of the Future.
Her dedication has earned her accolades such as the Sustainable Africa Award at COP28 and finalist recognition for the 2024 UN SDG Creativity Award.
Under-Secretary-General for Peace Operations, Jean-Pierre Lacroix, highlighted the significance of her designation, stating that “the dedication of the Global Advocate’s time and energy to this effort will greatly increase awareness of the peace and security priorities of the United Nations, particularly the vital role of women and youth in advancing inclusive and sustainable peace.”
Under-Secretary-General for Political and Peacebuilding Affairs, Rosemary DiCarlo also welcomed the designation, noting that “art has the power to move hearts, inspire action, and bring communities together. Through her compelling words and performances, Ms. Bukar has shown how creativity can be a force for peacebuilding, dialogue and inclusion. Her voice will be an important partner in amplifying the UN’s efforts to advance political solutions, empower young people and women, and sustain peace.”
In her new role as the first Global Advocate for the entire Peace and Security Pillar, Ms. Bukar will advance the UN’s peace efforts including through the Women, Peace and Security and Youth, Peace and Security agendas, through storytelling, digital engagement, and public speaking. She will participate in key UN campaigns and events, including an upcoming performance at New York City’s SummerStage festival on Sunday, 27 July, alongside renowned artists Femi Kuti and Elida Almeida, among others.
Nigerian Poet Designated United Nations Global Advocate for Peace
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