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Our reforms have started showing positive results, Tinubu tells IMF boss

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Our reforms have started – President Bola Tinubu says…

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President Bola Tinubu says his administration will continue to prioritise the welfare of the poor and most vulnerable. The President stated this on Wednesday night in Rio de Janeiro, Brazil, when Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), paid him a courtesy call on the sidelines of the G20 Leaders’ Summit. While acknowledging that the reforms had weakened Nigerians’ purchasing power, President Tinubu said his administration would continue to provide social safety nets to cushion the unintended consequences. Congratulating the IMF Chief on her election for a second term in office, Tinubu appreciated her support in implementing the reforms, calling for more institutional backing for stability and sustainable growth. “We have started seeing positive results from our reforms, and the Nigerian people now understand the need for them, but we have to reduce the hardship that has resulted from the implementation,” he said. He emphasised the critical need for educational access.“We have too many children out of school, and we know that education is a way out of hunger and poverty. “That is why we are designing ways and incentives to keep these children in school, and we need your support for these kids who want to stay in school,” he told the IMF chief. Tinubu stressed that substantial resources must be invested to stimulate the much-needed infrastructural development in the country.The President further noted that Nigeria was working on tax reforms to stimulate the economy further. “We are engaging stakeholders and sensitising Nigerians to expand the economy’s tax base for inclusive developmental growth.“We are doing this without necessarily increasing the taxes on our people who have already given a lot. We will require your support on this,” he said. In her remarks, the IMF Managing Director, who expressed a desire to visit Nigeria, commended the Tinubu administration’s economic reforms and their positive indicators.She assured the President of further support in diversifying the Nigerian economy. She specifically lauded the social investment programmes as a way of cushioning the effects on the most vulnerable and promised the assistance of the body in this regard.Contrary to popular perception, she said the IMF was focused on developing vulnerable societies and devoting substantial resources to emerging economies. The managing director expressed the Fund’s readiness to offer technical support for the budgeting process, adding that it would assist Nigeria in achieving the best possible results from loans.Georgieva said the world had suffered some shocks from the pandemic that caused damage to world economies. She said over the last two years, the IMF had injected about 1 trillion dollars into the world economy.“While the developed countries managed the shocks better, the developing nations did not do so,” she noted. She said the IMF was working with developing countries to build resilient institutions to better manage future global economic shocks.She stressed that it was the right of every country to benefit from the Fund after a critical analysis of its priorities. The IMF Managing Director informed President Tinubu that the organisation’s Executive Board had approved the 3rd Chair for Sub-Sahara Africa (SSA), enhancing the African voice.She congratulated Nigeria for hosting the IMF’s African Caucus meeting in Abuja in August.Georgieva also advocated deepening regional economic ties, assuring that the IMF was ready to support the process.
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Vatican sets May 18 for Inauguration of Pope Leo XIV

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The inauguration mass of the newly elected head of the Roman Catholic Church, Pope Leo XIV, will take place on Sunday, May 18, in St. Peters Square, the Vatican announced. World leaders are expected to gather for the event, to be held 10 days after the election of Cardinal Robert Francis Prevost as the first American head of the worlds 1.4 billion Catholics. The Vatican said the new pontiff would meet with journalists on Monday and diplomats accredited to the Holy See the following Friday. Pope Leos first general audience will be on Wednesday, May 21, and he will meet with members of the Roman Curia, top Vatican officials, on May 24. Cardinal Robert Francis Prevost was announced as the first U.S. pontiff on Thursday after white smoke emerged from the chimney of the Sistine Chapel following four rounds of voting in the papal conclave. The post Vatican sets May 18 for Inauguration of Pope Leo XIV appeared first on Linda Ikeji Blog.


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DID YOU KNOW? New Pope Leo XIV visited Nigeria in 2016

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As Catholics worldwide welcome Pope Leo XIV, a lesser-known detail about the new pontiff has emerged: his visit to Nigeria nearly a decade ago.

Then known as Bishop Robert Prevost, the American-born clergyman travelled to Abuja in 2016 as part of his work with the Order of St. Augustine.

The visit marked a historic milestone for the religious order.

“For the first time, General Chapter of the Order of St. Augustine on the African continent — Abuja, Nigeria,” read a translated caption from a 2016 photo posted on Pope Leo’s X (formerly Twitter) account.

READ ALSO: Robert Prevost: 10 things to know about new Pope Leo XIV

The image shows him alongside Catholic leaders, both foreign and Nigerian, dressed in traditional clerical attire.

At the time of his visit, Leo XIV was serving as Bishop of Chiclayo, Peru.

Before that, he led the Augustinian Province in Chicago and served two terms as Prior General of the global order, known for its emphasis on community life, spiritual reflection, and service.

His connection to Nigeria stands out, especially considering the country’s deep Catholic roots and the long gap since a papal visit.

The last pope to visit Nigeria was John Paul II in 1998.


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READ ALSO: Why Popes are buried in 3 coffins with bag of coins—and why Pope Francis ended it

President Bola Tinubu congratulated Pope Leo XIV on his election, saying the pontiff’s “message of faith and hope resonates across the globe.”

He also expressed joy on behalf of Nigerian Catholics, who now find a deeper link to the Vatican through the pope’s past presence in Abuja.

Pope Leo succeeds Pope Francis, who visited several African nations but never Nigeria during his papacy.


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Step Up Your Steeze in the Oriflame Bonanza!

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