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It is time for Nigerians to drag the IMF and World Bank

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It is time for Nigerians to drag the IMF and World Bank

By Augustine Osayande

The recent directives issued by the Executive Board of the International Monetary Fund (IMF), emerging from its thorough Post Financing Assessment (PFA), have ignited robust debate within Nigeria’s economic circles. Particularly contentious is the Board’s insistence on the Federal Government, led by President Bola Ahmed Tinubu, to fully eliminate all subsidies, including those pertaining to electricity. This call has elicited a spectrum of reactions ranging from commendations for the President’s economic policies to sharp criticisms. Amidst this discourse, the IMF’s recommendations serve as a focal point illuminating the intricate dynamics between external financial pressures and domestic economic imperatives.
Against the backdrop of Nigeria’s formidable economic challenges, the timing of these recommendations couldn’t be more critical. With inflation skyrocketing to an alarming 28.92 percent and food inflation hovering around 30 percent over the past year, coupled with an unprecedented depreciation of the Naira to an all-time low of N1,540 to a dollar, the nation stands at a crossroads in its economic trajectory.

The IMF’s historical involvement in Nigeria’s economic landscape draws scrutiny, notably regarding the implementation of Structural Adjustment Programs (SAPs) during the 1980s and 1990s. While ostensibly aimed at addressing economic crises, these programs often resulted in stringent austerity measures, currency devaluation, and deep cuts to public spending. Critics contend that these policies exacerbated poverty and inequality, perpetuating Nigeria’s economic challenges instead of fostering sustainable development.

A focal point of criticism towards IMF and World Bank interventions is Nigeria’s substantial external debt burden, a significant portion of which is owed to these international financial institutions. This debt overhang severely restricts the country’s fiscal space, diverting resources away from vital sectors like healthcare, education, and infrastructure. Detractors argue that the terms of debt repayment imposed by these institutions exacerbate Nigeria’s economic woes, underscoring the urgent need for more equitable arrangements.

Furthermore, IMF and World Bank loans often come attached with stringent conditions, including fiscal austerity measures and mandates for privatization. While ostensibly aimed at promoting economic stability and growth, these conditions have faced vehement criticism for their adverse impacts on national sovereignty and socio-economic equality. Critics argue that such conditions fail to account for the unique circumstances of countries like Nigeria, advocating instead for a more nuanced and tailored approach to development.

The IMF and World Bank have been accused of espousing neoliberal economic policies that prioritize market liberalization and privatization, often at the expense of domestic industries and vulnerable populations. This critique underscores broader concerns regarding the effectiveness and fairness of these institutions in addressing the needs of developing countries like Nigeria.

In response to these challenges, there is a growing chorus calling for reforms that prioritize the interests and well-being of the Nigerian people. Advocates stress the importance of empowering local communities, fostering sustainable growth, and ensuring equitable resource distribution. This necessitates bolstering domestic institutions, promoting inclusive policies, and fostering partnerships grounded in mutual respect and cooperation.

Ultimately, the ongoing discourse surrounding IMF recommendations in Nigeria reflects broader calls for reform within international financial institutions. By asserting agency and advocating for alternative approaches to development, Nigerians aspire to tackle entrenched economic disparities and pave the way for a more just and prosperous future.

■ Augustine Osayande, PhD, contributed this piece through austinelande@yahoo.com

It is time for Nigerians to drag the IMF and World Bank

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Troops recover ak-47 rifle, intensify manhunt for ISWAP logistics suspect in Borno

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Troops recover ak-47 rifle, intensify manhunt for ISWAP logistics suspect in Borno

By: Zagazola Makama

Troops of Operation Hadin Kai have recovered an AK-47 rifle and intensified a manhunt for a suspected ISWAP logistics supplier in Magumeri Local Government Area of Borno State.

Security sources said the operation followed credible intelligence on the movement of a wanted suspect identified as Mallam Malti, believed to be involved in supplying arms and ammunition to ISWAP elements.

According to the sources, the suspect was last sighted at Golaram area, near Gubio axis, carrying a bag suspected to contain weapons intended for delivery to terrorists.

Troops of 212 Battalion, supported by members of the Civilian Joint Task Force (CJTF), swiftly mobilised to the area and conducted a thorough search along the suspected route.

“Although the suspect evaded arrest, troops recovered one AK-47 rifle and an empty magazine concealed in a shelter during the operation,” the source said.

The sources added that efforts to apprehend the suspect are ongoing, with security operatives maintaining close monitoring of his known associates and networks.

Troops recover ak-47 rifle, intensify manhunt for ISWAP logistics suspect in Borno

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NCTC-ONSA, Partners Intensify Push to Localise PCVE Strategy

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NCTC-ONSA, Partners Intensify Push to Localise PCVE Strategy

By: Michael Mike

Efforts to deepen Nigeria’s response to violent extremism have gained renewed momentum as state governments, civil society actors, and development partners intensify efforts to localise the country’s Policy Framework and National Action Plan on Preventing and Countering Violent Extremism (PF-NAP).

The push, driven by the Preventing and Countering Violent Extremism Knowledge, Innovation and Resource Hub (PCVE-KIRH) of PAVE Network and National Counter-Terrorism Centre of the Office of National Security Adviser (NCTC-ONSA) in collaboration with partners including Nextier, SPRING Programme, FCDO, Global Community Engagement and Resilience Fund (GCER), aims to translate national policy into practical, state-level action.

At a high-level virtual consultative forum held on Wednesday, over 60 participants drawn from federal and state institutions, civil society organisations, and technical working groups across the country deliberated on pathways to strengthen implementation.

Chair of the PAVE Network, Jaye Gaskia, said the meeting builds on over a year of pilot interventions focused on bridging the gap between national frameworks and subnational realities.

According to him, the emphasis is shifting from “domestication” to localisation, allowing states to adapt national policies to their peculiar security and socio-political contexts.

“We are deliberately focusing on localisation because this is a national policy that must be adapted to local realities. States must identify their priorities, develop their own action plans, and establish coordination mechanisms that work for them,” he said.

He noted that Technical Working Groups established in several states, particularly in the North-west, have emerged as critical vehicles for implementation, bringing together government actors, civil society, and community stakeholders.

Speaking, the Principal Staff Officer (PSO) of the PCVE Directorate at the NCTC-ONSA, Ms Iye Mangset, commended the expanding collaboration among stakeholders. Mangset recalled that the PF-NAP, first developed in 2017 and recently revised in 2025, has been strengthened to reflect emerging realities.

She said that the updated framework now includes six core pillars: institutionalisation and mainstreaming of PCVE; access to justice; capacity building for individuals and communities; strategic communication; research, documentation and learning; and gender mainstreaming.

Mangset emphasised that the priority now is effective implementation at the state level, urging stakeholders to sustain the momentum. “We desire to see all partners, especially those from the states, continue to support and sustain this effort so that the framework delivers real impact,” she said.

Also speaking, the National Coordinator of GCERF Nigeria, Ms Yetunde Adegoke, underscored the importance of continuity. She noted that progress made over the past year must be consolidated through sustained engagement and forward-looking strategies.

Similarly, a Partner at Nextier, Dr Ndubisi Nwokolo, stressed that tackling violent extremism requires a shift from reactive, force-based responses to proactive, non-coercive approaches.

“For this to succeed, we must address the root causes of radicalisation. Violent extremism is not just a security issue, it is deeply tied to governance, inequality and social exclusion,” he said.

Nwokolo added that changing realities in Nigeria demand a rethink of long-held assumptions about extremism, noting that the phenomenon is no longer distant but increasingly localised.

Discussions at the forum revealed that while progress has been recorded in developing state-level PCVE structures and action plans, significant gaps remain.

Participants cited some of the challenges as including: weak coordination across agencies, bureaucratic delays in implementation, limited funding and overreliance on donor support, and inconsistent political commitment.

Similarly, the state actors shared experiences of ongoing efforts, including stakeholder engagement, early warning systems, and community-based interventions, but stressed that these initiatives often operate in silos. “There is growing awareness, but implementation is still uneven. What is needed now is alignment and sustained political will,” one participant noted.

The key highlight of the forum was the recognition that fragmented responses have enabled extremist groups to exploit regional gaps. Participants stressed that without a coordinated national and subnational strategy, gains recorded in one area could easily be reversed as groups relocate.

To address this, stakeholders called for stronger alignment between federal and state efforts, the institutionalisation of Technical Working Groups as State Coordination Committees, the integration of PCVE into broader state security and development plans, and dedicated budgetary allocations by state governments.

The forum also underscored the critical role of strategic communication in countering extremist narratives and building public trust. A national strategic communication plan developed under the framework is expected to be launched alongside the revised PF-NAP.

Participants emphasised that community engagement, youth inclusion, and early warning mechanisms must be central to implementation efforts.

With increased state participation and stronger partner collaboration, stakeholders expressed optimism that localisation of the PF-NAP could significantly enhance Nigeria’s capacity to prevent and counter violent extremism. However, they cautioned that success will depend largely on political will, sustainable funding, and coordinated action across all levels of government.

The forum ended with participants renewing their commitment to deepen collaboration and move from policy frameworks to measurable impact at the community level.

NCTC-ONSA, Partners Intensify Push to Localise PCVE Strategy

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Doma United secure NPFL promotion with win over Mighty Jets

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Doma United secure NPFL promotion with win over Mighty Jets

Doma United Football Club of Gombe State have secured promotion to the Nigeria Premier Football League (NPFL) following a 2-0 victory over Mighty Jets of Jos at the Pantami Stadium on Wednesday.

The News Agency of Nigeria (NAN) reports that Doma United, who top Conference C of the Nigeria National League (NNL) with 26 points from 13 matches, are the first team to seal promotion to the NPFL.

The club, relegated from the NPFL in the 2023/2024 season, are five points clear of second-placed FC Basira in Conference C, with one match remaining.

NAN reports that the 2025/2026 NNL season is organised into four conferences (A, B, C and D), with the top team in each conference earning automatic promotion to the NPFL, replacing the previous Super 8 play-off format.

Confirming the development, Doma United Technical Adviser, Najib Mabu, told NAN in Gombe on Thursday that the team had secured promotion with a game in hand.

Mabu described the journey as smooth but challenging, noting that the return to the top flight means a lot to the club and sports stakeholders in the state.

“This is huge and we are very happy that we are back.

“We will start welcoming top clubs to Gombe State again.

“I want to commend the Chief Executive Officer of Doma United, Alhaji Suleiman Umar, for his consistent support and commitment to the club.

“I also thank our players and fans for their resilience and dedication, which have paid off,” he said.

Mabu added that the club’s ambition in the NPFL goes beyond participation, expressing confidence in competing for honours and securing a continental ticket.

“We are not just going to participate in the NPFL; we will compete for every available title.

“I am confident we can secure a continental ticket,” he said.

NAN reports that Doma United will be making their second appearance in the NPFL, after recording eight wins, two draws and three losses in the current NNL campaign.

Doma United secure NPFL promotion with win over Mighty Jets

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