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IMF, World Bank Must End Colonial Rule, Says ActionAid

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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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Nigeria, Iran Pledge to Strengthen South–South Cooperation

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Nigeria, Iran Pledge to Strengthen South–South Cooperation

By: Michael Mike

Nigeria and Iran have reaffirmed their commitment to deepening South–South cooperation and expanding bilateral relations, as officials, diplomats, and subnational leaders gathered in Abuja to mark the 47th anniversary of Iran’s Islamic Revolution.

Speaking at the event, Iranian Ambassador to Nigeria, Gholamreza Mahdavi Raja, described the anniversary as an opportunity to reflect on Iran’s journey since 1979 and to strengthen partnerships with friendly nations like Nigeria.

“The Islamic Revolution of Iran was not merely a transfer of political power; it marked the beginning of national sovereignty, popular governance, and the restoration of the dignity and independence of the Iranian nation,” he said.

Raja highlighted Iran’s achievements over the past four decades despite regional and global challenges, citing progress in science and technology, healthcare, industrial production, infrastructure, and non-oil exports. He also emphasized Iran’s commitment to balanced diplomacy, dialogue, and multilateralism, positioning the country as a responsible actor on regional and global stages.

On bilateral relations, Raja noted that Nigeria held a strategic position in Iran’s Africa policy, while Iran’s expertise in energy, industry, agriculture, healthcare, technology, and education made it a reliable partner for Nigeria’s development goals. “The deepening of friendly relations between Iran and Nigeria will not only serve the national interests of both countries but will also strengthen South–South cooperation and contribute to global peace and development,” he said.

Representing the Nigerian government, Ambassador Bukar Buni Hamman, Director of the Regions Department at the Ministry of Foreign Affairs, conveyed goodwill to Iran on the anniversary. He acknowledged the growth of economic ties between the two nations in sectors such as energy, agriculture, manufacturing, and consumer goods, highlighting opportunities for further diversification under South–South cooperation.

Nigeria, Iran Pledge to Strengthen South–South Cooperation

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NiDCOM Hails Nigerians’ Historic Triumph at 2026 Grammy Awards

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NiDCOM Hails Nigerians’ Historic Triumph at 2026 Grammy Awards

By: Michael Mike

The Chairman and Chief Executive Officer of the Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, has congratulated three Nigerians of global acclaim — Shaboozey, Tyler, the Creator, and Cynthia Erivo — on their landmark victories at the 2026 Grammy Awards.

In a statement issued on Tuesday, Dabiri-Erewa described the Grammy wins as a moment of immense pride for Nigeria, noting that the achievements underscore the far-reaching impact of Nigerian talent and heritage on the world’s biggest cultural stages.

She said the success of Shaboozey, born Collins Obinna Chibueze; Tyler, the Creator, born Tyler Gregory Okonma; and award-winning actress and singer Cynthia Erivo, born Cynthia Chinasaokwu Onyedinmanazu Amarachukwu Owezuke Echimino Erivo, reflects the creativity, resilience and excellence deeply rooted in Nigerian identity.

According to Dabiri-Erewa, their recognition at one of the world’s most prestigious music awards goes beyond individual accomplishment, representing a collective celebration of Nigerians and people of Nigerian descent across the global diaspora.

She also acknowledged the continued global influence of Nigeria-based artistes such as Davido, Burna Boy, Ayra Starr and Wizkid, whose works have helped elevate Nigerian music and culture on the international stage.

The NiDCOM boss stressed that despite being based abroad, the Grammy-winning artistes remain unmistakably Nigerian in heritage, family history and cultural identity, adding that their success continues to amplify Nigeria’s rich cultural footprint worldwide.

Dabiri-Erewa urged Nigerians at home and in the diaspora, as well as the media and cultural institutions, to embrace a more inclusive definition of national pride — one that recognises Nigerian excellence wherever it emerges.

She noted that celebrating the achievements of Nigerians in the diaspora strengthens national unity, enhances Nigeria’s global image and serves as inspiration to younger generations aspiring to make their mark internationally.

The 2026 Grammy Awards saw several milestones for artistes of Nigerian heritage, further reinforcing Nigeria’s growing influence in global music and entertainment.

NiDCOM Hails Nigerians’ Historic Triumph at 2026 Grammy Awards

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ECOWAS Launches Women’s Economic Empowerment and Digital Peacebuilding Pilot in Benue

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ECOWAS Launches Women’s Economic Empowerment and Digital Peacebuilding Pilot in Benue

By: Michael Mike

The Economic Community of West African States (ECOWAS) has launched a pilot initiative aimed at strengthening economic empowerment and digital peacebuilding among women in Benue State, as part of efforts to address the prolonged humanitarian and displacement crisis in North-Central Nigeria.

The project, implemented through ECOWAS’ Directorate of Trade and the Directorate of Humanitarian and Social Affairs in partnership with the Benue State Government, targets women-led community-based organisations working on Women, Peace and Security (WPS) in conflict-affected communities.

The launch coincided with the start of a five-day capacity-building programme running from February 9 to 13, featuring a Training of Trainers (ToT) for 12 participants drawn from community-based organisations, civil society groups and internally displaced persons (IDP) camps.

The trained participants are expected to cascade the knowledge through step-down sessions that will reach at least 60 women and girls in selected IDP camps and host communities across the state.

The initiative responds to the persistent displacement and humanitarian challenges in Benue State and aligns with the state’s Durable Solutions Action Plan, which prioritizes sustainable reintegration of displaced persons through livelihood recovery, peacebuilding and community resilience.

ECOWAS said the pilot recognises the critical role played by women-led grassroots organizations in mobilising communities, promoting social cohesion and advancing peace in areas affected by conflict. The project is designed to strengthen their institutional capacity while equipping conflict-affected women and girls with practical economic and digital skills.

Anchored in ECOWAS Vision 2050, the Trade and Gender Action Plan and the ECOWAS E-Commerce Strategy (2023), the pilot integrates economic empowerment, digital literacy and digital peacebuilding through a cascade training model. Trained WPS organizations will deliver step-down sessions directly within IDP camps and host communities.

Speaking at the opening ceremony, ECOWAS Director Dr. Sintiki Tarfa-Ugbe described the initiative as a strategic intervention that empowers women-led organizations to drive durable solutions at the grassroots while harnessing digital tools to promote inclusion, resilience and peace.

She noted that strengthening women’s economic agency and digital capacity is essential to building sustainable peace in fragile and displacement-affected communities.

In her remarks, the Secretary to the Benue State Government, Barrister Aber Serumum Deborah, commended ECOWAS for the initiative, saying it would reinforce grassroots peacebuilding efforts and enhance women’s participation in implementing the state’s Durable Solutions Action Plan.

According to her, the project will also contribute to livelihood recovery for women and girls affected by conflict, while strengthening community ownership of peace and reintegration processes.

The pilot will be implemented over a two-month period, beginning with preparation and adaptation of training modules, followed by training delivery, monitoring and documentation. ECOWAS said the initiative is expected to produce a scalable model that can be replicated across other Member States in the region.

The launch ceremony was attended by representatives of the Benue State Government, humanitarian and displacement-response agencies, civil society organisations, non-governmental organisations, internally displaced persons, as well as officials from ECOWAS and the International Organization for Migration (IOM).

ECOWAS said the initiative underscores its commitment to placing women and girls at the centre of durable solutions and sustainable peacebuilding in West Africa, leveraging digital innovation to address immediate recovery needs while laying the foundation for long-term regional impact.

ECOWAS Launches Women’s Economic Empowerment and Digital Peacebuilding Pilot in Benue

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