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IMF, World Bank Must End Colonial Rule, Says ActionAid
IMF, World Bank Must End Colonial Rule, Says ActionAid
By: Michael Mike
ActionAid has said the time is up for the International Monetary Fund (IMF) and the World Bank to stop perpetuating a colonial rule on the world.
The call was made at the weekend as the two global financial institutions conclude their Spring meetings in Washington DC this week.
ActionAid, in the statement said for the last 80 years the IMF and World Bank have been in existence, not much has changed as global South countries have been pushed further into debt and are reeling from the impacts of IMF-imposed austerity measures.
In its 2023 report Fifty Years of Failure, ActionAid found that despite following the IMF’s advice for decades, many African countries are in debt distress or facing a high risk of debt distress. Austerity measures have blocked the recruitment of teachers, doctors and nurses, even in countries with severe shortages, and has squeezed public sector salaries at a time of a rising cost of living.
Global Lead on Economic Justice and Public Services at ActionAid International, Roos Saalbrink, said:“Countries in the global South have since the structural adjustment progammes been in perpetual austerity, eroding public health and education. At a time of unprecedented climate crisis and debt crisis in the global South, the Bretton Woods Institutions continue to oil the wheels of colonial exploitation and extraction. At the same time global South governments have very little say in the policies coming from these institutions at the centre of the international financial architecture. 80 years is enough.”
The statement said ActionAid is also concerned about a ‘gentleman’s agreement’ which has ensured that the IMF managing director has for 80 years been European and the World Bank president a US national.
Country Director of ActionAid USA, Niranjali Amerasinghe, said: “Kristalina Georgieva’s appointment is a continuation of the colonial era ‘gentleman’s agreement’, where rich western powers have the most say. It is unacceptable that 80 years later we are still having to call this out. The IMF must change its leadership selection process, its decision-making model, and the harmful practices that keep developing countries in a cycle of crisis.
“As the climate crisis wreaks havoc, global South countries are so deep in debt that they cannot adapt to these impacts. We are calling for debt cancellation and tax justice to help these countries free up the finances needed to build resilience to climate impacts.
“We need to see an overhaul of the international financial architecture with a proper debt workout mechanism, a UN tax convention, to ensure global South governments have a say over policies impacting them disproportionately.”
ActionAid is a global federation working with more than 41 million people living in more than 71 of the world’s poorest countries, the organisation wants to see a just, fair, and sustainable world, in which everybody enjoys the right to a life of dignity, and freedom from poverty and oppression. We work to achieve social justice and gender equality and to eradicate poverty.
IMF, World Bank Must End Colonial Rule, Says ActionAid
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All Hands Must Be On Deck To Boost Nigeria’s Business Environment, Says VP Shettima
All Hands Must Be On Deck To Boost Nigeria’s Business Environment, Says VP Shettima
- Urges states, MDAs, others to work towards actualizing President Tinubu’s reforms at PEBEC Gala and Awards Night
By: Our Reporter
The Vice President, Senator Kashim Shettima, has implored state governments, ministries, departments and agencies (MDAs) of the federal government, the organised private sector, and other stakeholders to do more in advancing the business environment in Nigeria.
He acknowledged the successes recorded this year, describing them “as the triumph of collaboration over silos,” even as he said when the 36 states of the federation, MDAs, development partners and other critical sectors commit to working together across the board, it becomes a big win for Nigeria.
Senator Shettima gave the charge on Tuesday in Abuja during the PEBEC Gala and Awards Night organized by the Presidential Enabling Business Environment Council (PEBEC) to celebrate exceptional public service delivery, reform excellence, and collaborative efforts toward improving Nigeria’s business environment.

He said, “The end of this night does not signal the end of your pursuit of excellence because excellence is a culture, not an event. It lives only where it is nurtured. And so, in the new year, let us do even more to advance the reform agenda for Nigeria’s business environment.
“Let us build a nation where efficiency is normal, where transparency is routine, and where excellence is the governing creed of public service.”
The Vice President underscored the importance of working as a team, noting that while every organisation reflects the kind of people working within, the people cannot “achieve excellence in a vacuum.”
According to VP Shettima, excellence is cultivated – “the result of choices, of discipline, of a refusal to settle for the bare minimum,” adding that it is not something that is inherited.

He observed that it is for this reason that the Gala and Awards Night was organised “to honour the belief that public service can and must be synonymous with excellence.”
Reminding stakeholders that the ball is in their court to make a difference, the VP said, “His Excellency President Bola Ahmed Tinubu has laid the critical foundation for the reforms required to reset our economy, and the success of this depends on the awardees we celebrate tonight.
“Your dedication and excellence embody the spirit of this administration’s Renewed Hope Agenda. You represent the very best of our public sector, and your work is the foundation upon which our nation’s prosperity is built.”
Senator Shettima described the Gala and Awards Night as “a celebration of public servants across Nigeria who have refused to accept mediocrity as our national ceiling,” by working hard to actualize the ongoing reforms undertaken by the Tinubu administration.
“The Presidential Enabling Business Environment Council, PEBEC, has spent the last couple of years championing reforms that speak to the soul of our economic aspirations—reforms that make it easier to do business, that restore investor confidence, that ensure our institutions work at the speed of national ambition.
“And tonight, we salute the men and women driving this mission forward, those who have placed the national interest above their comfort zones,” he said.
Acknowledging that there had been interagency collaboration on reforms that rapidly improve the nation’s business environment, the Vice President cited the establishment of the Ports and Customs Efficiency Committee (PCEC), which he said is “already bearing significant fruit through joint inspection procedures at” the ports.
Earlier, the Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hadejia, said under the leadership of Vice President Shettima, PEBEC has continued to deliver reforms that is incrementally impacting businesses in different sectors across the country.

He, however, reminded stakeholders that the task of transforming Nigeria’s business environment is far from over, as every improvement celebrated at the 2025 awards will be the foundation upon which more lasting reform initiatives will be built.
On her part, the Director-General of PEBEC, Princess Zahrah Audu, outlined some of the achievements recorded by the agency in the past year through deliberate and result-oriented collaboration to transform operations across MDAs, noting that reform is embedded and remains a critical component of PEBEC’s service delivery.
She added that the scope of PEBEC’s achievements under the current dispensation reflects the depth of partnership established and nurtured by management with critical stakeholders across the country over the past months.
The highpoint of the occasion was the unveiling of the 2025 Business Facilitation Act (BFA) Compliance Report and the Subnational Ease of Doing Business Report, as well as the presentation of various categories of awards, including access to justice; legislative trailblazer; leadership of action and business advocacy and partnership, among others.
Also present at the event were the Deputy Governor of Benue State, Dr Sam Ode; Deputy Governor of Enugu State, Mr Ifeanyi Ossai; Chairman of NDLEA, Brig. Gen. Mohammed Buba Marwa; Executive Secretary of the Nigerian Shippers Council, Mr Pius Akutah; Executive Vice Chairman of Nigerian Communications Commission (NCC), Dr Aminu Maida; Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, other heads of agencies and parastatals; members of the diplomatic corps, and captains of industry, among others.
All Hands Must Be On Deck To Boost Nigeria’s Business Environment, Says VP Shettima
News
PRESIDENT TINUBU NOMINATES GENERAL CHRISTOPHER MUSA AS THE NEW MINISTER OF DEFENCE
PRESIDENT TINUBU NOMINATES GENERAL CHRISTOPHER MUSA AS THE NEW MINISTER OF DEFENCE
By: Our Reporter
President Bola Ahmed Tinubu has nominated General Christopher Gwabin Musa as the new Minister of Defence.
In a letter to Senate President Godswill Akpabio, President Tinubu conveyed General Musa’s nomination as the successor to Alhaji Mohammed Badaru Abubakar, who resigned on Monday.
General Musa, 58, on December 25, is a distinguished soldier who served as Chief of Defence Staff from 2023 until October 2025. He won the Colin Powell Award for Soldiering in 2012.
Born in Sokoto in 1967, General Musa received his primary and secondary education there before attending the College of Advanced Studies in Zaria. He graduated in 1986 and enrolled at the Nigerian Defence Academy the same year, earning a Bachelor of Science degree upon graduation in 1991.
General Musa was commissioned into the Nigerian Army as a Second Lieutenant in 1991 and has since had a distinguished career. His appointments include General Staff Officer 1, Training/Operations at HQ 81 Division; Commanding Officer, 73 Battalion; Assistant Director, Operational Requirements, Department of Army Policy and Plans; and Infantry Representative/Member, Training Team, HQ Nigerian Army Armour Corps.
In 2019, he served as Deputy Chief of Staff, Training/Operations, Headquarters Infantry Centre and Corps; Commander, Sector 3, Operation Lafiya Dole; and Commander, Sector 3 Multinational Joint Task Force in the Lake Chad Region.
In 2021, General Musa was appointed Theatre Commander, Operation Hadin Kai. He later became Commander of the Nigerian Army Infantry Corps before being appointed Chief of Defence Staff by President Tinubu in 2023.
In the letter to the Senate, President Tinubu expressed confidence in General Musa’s ability to lead the Ministry of Defence and further strengthen Nigeria’s security architecture.
End
News
Finally, DSS Arraigns Sowore on alleged Cybercrime Offences
Finally, DSS Arraigns Sowore on alleged Cybercrime Offences
By: Our Reporter
Judge bars him from inciting public, undermining national security
The Department of State Services (DSS) on Tuesday arraigned a politician and online publisher, Omoyele Sowore, before a Federal High Court in Abuja, for alleged cybercrimes, with the court barring him from further making statements that are detrimental to the peace and security of the country.
Justice Mohammed Umar, in a ruling, threatened to revoke the bail granted Sowore’ should he ever make such statements. The arraignment came after two previous attempts, with the politician’s lawyer introducing what the DSS lawyer, Akinolu Kehinde SAN, called legal obstacles.
On Tuesday, however, Justice Umar held that since there was evidence that Sowore was a presidential candidate in the country before and having also earlier been granted bail by the court, with his international passport still being held by the court, he was entitled to be granted bail on self-recognition.
The ruling was on a bail application argued by his lawyer, Marshall Abubakar, shortly after Sowore was arraigned on a five-count charge, in which he is accused of defaming President Bola Tinubu by referring to him as a criminal in his posts on X and Facebook.
When the charge, being prosecuted by the Department of State Services (DSS), was read to him, Sowore pleaded not guilty.
In the charge, Sowore, the presidential candidate of the African Action Congress (AAC) in the 2019 and 2023 elections, is accused of contravening the provisions of the the Cybercrimes (Prohibition, Prevention, etc) Amendment Act, 2024 and the Criminal Code Act by calling President Bola Tinubu a criminal
The two other defendants listed in the charge, marked: FHC/ABJ/CR/484/2025 are X Incorp (formerly Twitter) and Meta (Facebook) Incorp.
Details shortly.
Finally, DSS Arraigns Sowore on alleged Cybercrime Offences
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