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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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Zulum Rolls Out 20 Electric Buses to Cushion Petrol Price Hike
Zulum Rolls Out 20 Electric Buses to Cushion Petrol Price Hike
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum, has directed the immediate deployment of 20 luxury electric buses for public use as part of measures to cushion the impact of the recent petrol price hike on residents.
The buses, which were inaugurated by President Bola Ahmed Tinubu on 20th December, 2025, alongside 3,000 electric bicycles, 500 electric tricycles, and 100 electric vehicles aimed at improving transportation services across the state.

The rollout of the buses, which commenced on Friday, 3rd April, features a fleet of 17 buses with 49 seating capacity, two 37-seaters, and one 28-seater. They are currently being deployed across major routes within Maiduguri metropolis and its environs to ease the burden of rising transport costs on commuters.
The Fully air-conditioned and energy-efficient vehicles can cover over 400 kilometres on a single charge. This initiative complements the existing fleet of buses and salon cars earlier procured by the Zulum administration to enhance urban mobility.
To ensure seamless operations, the governor has also established the largest electric vehicle charging terminal in the country, with the capacity to charge up to 50 vehicles at a time.

To further protect residents from the ripple effects of the global energy crisis, Governor Zulum directed Borno Express Transport Service to maintain a subsidised fare of N50 per drop.
The intervention has already begun to yield positive results, with noticeable reductions in congestion and improved access to affordable transportation for students, civil servants, traders, and other residents.
Commuters have since commended the initiative, describing it as timely and impactful.
“This transport initiative is indeed commendable. We are not feeling the impact of the rising transportation costs, as fares remain at N50 per drop. We thank Governor Zulum for the gesture”.
The initiative forms part of Governor Zulum’s effort to promote green energy, modernise transportation system and provide relief to the vulnerable.
Zulum Rolls Out 20 Electric Buses to Cushion Petrol Price Hike
News
Youth Exclusion Could Derail Development Goals, UN Issues Urgent Warning
Youth Exclusion Could Derail Development Goals, UN Issues Urgent Warning
By: Michael Mike
A senior United Nations official has issued a strong warning that governments and institutions risk deepening instability and policy failure if they continue to sideline young people, insisting that meaningful youth inclusion is now a critical condition for peace, stability, and sustainable development.
Speaking in Abuja at an interactive session with youth, the United Nations Assistant Secretary General for Youth Affairs and Head of UN Youth Affairs, who is currently on an official visit to Nigeria, Mr. Felipe Paullier, said global institutions are failing to evolve at the pace required to match today’s rapidly changing realities, particularly the demographic shift driven by an unprecedented youth population.
The event, themed “Open-Door Youth Engagement,” convened youth-led organizations, young women’s groups, youth peacebuilders, innovators, students, young professionals, persons with disabilities, and underserved youth communities for an interactive dialogue with representatives of the Government and the United Nations.
According to Paullier, young people now represent the largest, most educated, and most interconnected generation in history, especially in developing countries like Nigeria. However, this demographic advantage is being undermined by persistent gaps in access to quality education and limited opportunities for meaningful participation in governance.
He noted that: “Engaging young people in policy is not just an option—it is a condition if we want to achieve peace, stability, and effective solutions.”
He said the UN acknowledged a growing disconnect between policy formulation and real-world impact, describing the process of closing this gap as complex but urgent.
He admitted that while global frameworks exist, including the United Nations Sustainable Development Goals (SDGs) and youth-focused strategies, implementation at the national level remains inconsistent.
LHe emphasized that governments must move beyond rhetoric and adopt clear, actionable commitments that integrate youth voices into decision-making processes.
He said central to this effort is the UN’s broader development roadmap, which includes commitments to embed youth participation not only at global levels but also within country-level governance and policy execution.
Addressing concerns over the sustainability of policies, he warned that many initiatives fail because they are not designed to endure or adapt over time. The solution, the official argued, lies in institutionalizing youth engagement rather than treating it as a temporary or symbolic exercise.
He noted that nearly half of the world’s population under 30, and significantly higher percentages across Africa, the stakes are even higher for countries on African continent.
He said: “Youth engagement should not be seen as a project—it must be embedded at the heart of governance, financing, and development planning.”
The UN also called for increased investment in youth-driven innovation, noting that young Nigerians are already transforming sectors such as agriculture, technology, and the creative economy through ingenuity and entrepreneurship.
Youth Exclusion Could Derail Development Goals, UN Issues Urgent Warning
News
Nigeria’s Skills Crisis Deepens as Government, Experts Push Urgent Overhaul of Technical Education
Nigeria’s Skills Crisis Deepens as Government, Experts Push Urgent Overhaul of Technical Education
By: Michael Mike
Growing concerns over Nigeria’s widening skills gap took centre stage in Abuja on Wednesday, as education stakeholders warned that the country risks undermining its industrial ambitions without a radical overhaul of its technical training system.
At a high-level session of the BEAR III Programme convened by United Nations Educational, Scientific and Cultural Organisation (UNESCO), the Federal Ministry of Education Nigeria acknowledged that current training models are failing to keep pace with the rapidly evolving demands of industry—particularly in agro-processing, a sector seen as critical to job creation and economic diversification.
Director of Technology and Science Education, Mrs. Patricia Ogungbemi,, delivered a blunt assessment: Nigeria is producing graduates who are increasingly disconnected from the realities of modern workplaces.
While investments in infrastructure and technology have grown, she warned that the human capacity needed to drive those systems remains weak.
“There is a dangerous mismatch between what is taught and what is required,” she said. “Machines are evolving, industries are advancing, but the workforce is not keeping up at the same speed.”
Ogungbemi pointed to emerging trends such as automation, smart packaging, and sustainable production systems, noting that many Technical and Vocational Education and Training (TVET) institutions have yet to integrate these realities into their curricula.
She described the ongoing Labour Market Analysis (LMA) as a critical diagnostic tool, but stressed that data alone would not solve the problem without decisive policy action and sustained funding.
“What we are confronting is not just a training issue—it is a structural challenge that affects productivity, competitiveness, and national growth,” she added.
The warning comes amid rising youth unemployment and growing frustration among employers who say graduates often lack practical, job-ready skills.
Stakeholders at the event argued that unless Nigeria urgently retools its education system to prioritise hands-on, industry-driven learning, sectors like agro-processing—despite their vast potential—may struggle to absorb the millions entering the labour market each year.
Kano State Commissioner for Education, Ali Makoda, reinforced the urgency, describing work-based learning as a “non-negotiable pathway” to addressing the crisis.
According to him, states are beginning to recognise that traditional classroom models alone cannot solve unemployment challenges.
“We must embed learning within the workplace,” he said. “The future of education is not just in classrooms, but in factories, farms, and production lines.”
Makoda said Kano State is scaling up partnerships with industry players to ensure students gain real-world experience before graduation, aligning training with both national development goals and global standards.
Despite these commitments, participants acknowledged persistent obstacles, including underfunded institutions, outdated equipment, and weak collaboration between academia and industry.
They also stressed the need for stronger private sector involvement, arguing that employers must play a more active role in shaping curricula and offering apprenticeship opportunities.
With support from international partners, including the Government of the Republic of Korea, the BEAR III initiative is expected to drive reforms in skills development, particularly in agriculture-linked industries.
However, observers said the success of such programmes will ultimately depend on Nigeria’s willingness to translate policy discussions into concrete, system-wide change.
As deliberations continue, one message remains clear: without a skilled workforce aligned to industry needs, Nigeria’s economic aspirations may remain out of reach.
Nigeria’s Skills Crisis Deepens as Government, Experts Push Urgent Overhaul of Technical Education
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