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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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Governor Zulum Receives House Committee on NEDC

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Governor Zulum Receives House Committee on NEDC

By: Our Reporter

Governor Babagana Umara Zulum received the House Committee on the North East Development Commission (NEDC) led by Chairman, Hon. Usman Zanna, on a visit to Maiduguri. The committee assessed the projects executed by NEDC under the leadership of MD/CEO Alhaji Mohammed Goni.

Hon. Usman Zanna commended NEDC for its remarkable work, particularly the road construction projects in Jere and Mafa Local Government areas. He also praised Governor Zulum’s administration for its achievements in infrastructural development, security, and other areas. He wished the Governor a long life to continue serving humanity.

Governor Zulum expressed gratitude to the Federal Government for establishing NEDC and commended the commission for its developmental projects in the Northeast Region. He requested support for the resettlement of Internally Displaced Persons (IDPs) to their ancestral homes, as funding and feeding by the state government and NGOs are no longer sustainable.

Additionally, as Chairman of the Northeast Governor’s Forum, Governor Zulum requested NEDC’s support for a hybrid solar power plant with a capacity of 10MegaWatt, to complement the one being constructed by the states. This will provide sufficient power to the region.

The Governor thanked the committee for their visit and wished them a safe journey back to their destinations.

In attendance were the Head of Service, Commissioners, Special Advisers, and other officials.

Governor Zulum Receives House Committee on NEDC

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Chairman Global Links paid a condolence visit to the families of the late Emir of Tikau.

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Chairman Global Links paid a condolence visit to the families of the late Emir of Tikau.

By: Yahaya Wakili

The Chairman and CEO of Global Links Limited, Alhaji Yakubu Yunusa (Alias Alhaji Bakoji), has paid a condolence visit to the family of the late Emir of Tikau, Alhaji Muhammadu Abubakar Ibn Grema, in Sabon Garin Nangere, over his recent demise.

Alhaji Bakoji, who is also a renowned transporter in Nigeria, describes the death of the emir of Tikau, Muhammadu Abubakar Ibn Grema, as a great loss to the Tikau emirate, Yobe state, and Nigeria at Large.

“The late Emir of Tikau, HRH, Alhaji Muhammadu Abubakar Ibn Grema, was a first-class cheif and Paramount pillar of the Karai-karai people.” Alhaji Bakoji said.

According to him, the late monarch was a pillar of strength and wisdom and dedicated his reign to serving the Tikau emirate and upholding our traditional values as a people of Yobe state origin.

He expressed his deepest sympathies to the Emir’s family, the Chiroman Tikau, Alhaji Ibrahim Talba, and loved ones, and prayed to Almighty Allah (SWT) to grant the soul of His Royal Highness, Alhaji Muhammadu Abubakar Ibn Grema, rest in Aljannatul Firdaus. 

Alhaji Bakoji also prayed to Almighty Allah to grant his soul eternal rest in Aljannatul Firdaus, as well as grant his family and the entire people of the Tikau emirate council the fortitude to bear the loss.

Alhaji Muhammadu Abubakar Ibn Grema died at Specialist Potiskum on May 10th, 2024, after a protected illness. May his soul eternal rest in Aljannatul Firdaus. Ameen.

Chairman Global Links paid a condolence visit to the families of the late Emir of Tikau.

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Lawan joins Akpabio to present the 10th Assembly Magazine

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Lawan joins Akpabio to present the 10th Assembly Magazine

By: Yahaya Wakili

The President of the 9th Senate, Senator Ahmed Ibrahim Lawan, Ph.D., GCON, Sardaunan Bade, Yobe North Senatorial District, said it was a pleasure for him to join his successor, the President of the Senate, His Excellency, Senator (Dr.) Godswill Akpabio, CON, for the public presentation of the 10th Senate Magazine during plenary on Wednesday.

Senator Ahmed Lawan revealed this in a statement issued and signed by him, which was made available to Newsng in Damaturu, the Yobe state capital.

The magazine is a compilation of the achievements of the senate during the 10th legislative session under the leadership of the president of the 10th Senate, Senator (Dr.) Godswill Akpabio, in the last year.

“During my time as Senate President between 2019 and 2023, we worked tirelessly to serve Nigerians and create impactful legislation to improve the lives of our citizens. I am confident that the 10th Senate Magazine will continue to showcase the hard work and contributions of all Senators who work tirelessly to achieve our legislative agenda,” Senator Ahmed Lawan said.

“I want to congratulate the Senate President, Senator Godswill Akpabio, for ensuring that the magazine accurately reflects the accomplishments of the 10th Senate.

It is my hope that under his leadership, the Senate will continue to make significant strides in moving our nation forward.

The president of the Ninth Senate further said, I look forward to celebrating the many successes of the Senate with my distinguished colleagues and fellow Nigerians. Together, we will continue to work towards a brighter future for our great nation.

Lawan joins Akpabio to present the 10th Assembly Magazine

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