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Our reforms have started showing positive results, Tinubu tells IMF boss
Our reforms have started – President Bola Tinubu says…
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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Bandits abduct Zamfara LG vice chairman and three others
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Bandits have abducted the Vice Chairman of Bukkuyum Local Government Area of Zamfara State, Hon. Bala Muhammad Majidadi. Majidadi was abducted along with three other person on Monday evening, February 24, 2025. The incident occurred while the victims were traveling from Bukkuyum to Gusau, the state capital. Bukkuyum LG is one of the areas in Zamfara State frequently targeted by bandits, alongside Shinkafi, Maradun, Zurmi, Anka, Talatar Mafara and Tsafe LGAs. The post Bandits abduct Zamfara LG vice chairman and three others appeared first on Linda Ikeji Blog.
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PETER ODILI: Statesman, humanitarian
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Born on August 15, 1948, in Ndoni, Rivers State, Dr Peter Odili, received his early education in St. Michael’s School Oguta, Sacred Heart School Onitsha, and Christ the King College (CKC), Onitsha between 1953 and 1967. He was Senior Prefect and College Captain in CKC Onitsha in 1967. While at CKC, he excelled not only in academics, but also in sports- representing the school in soccer, high jump, long jump, and lawn tennis.
After the Nigerian Civil War, he proceeded to the University of Nigeria Nsukka and Enugu Campus in 1970, and served as Speaker of the Medical Students Association of the University in 1972 and President, League of Human Affiliates (Students Humanitarian Association) between 1972 and 1974. He graduated with a Bachelor of Medicine and Bachelor of Surgery (MBBS) degree in 1977. In 1985 he attained a degree in Tropical Medicine and Hygiene from the University of Liverpool, United Kingdom.
He commenced his medical practice first as a House Officer with the University of Benin Teaching Hospital, Benin City, and Senior House Officer between 1977 and 1979. After his stint as a Senior House Officer, he relocated to Port Harcourt with his wife and infant daughter and secured a job as Staff Physician at the Medical Consultation Centre in Port Harcourt.
Two years later, he set up his private hospital – PAMO Clinics and served first as Resident Clinician, and subsequently as Consultant in Tropical Medicine and Venereology, Clinical Director and then Medical Director following its rapid expansion to a hospital. In 1994, he ventured into agriculture with the setting up of RockMay Farms and Industries Ltd.
Between 1981 and 1982, he served as Secretary of the Nigerian Medical association, Rivers State Branch; and Secretary, Association of Private Medical Practitioners Association, Rivers State between 1985 and 1987. Other roles he played, included Member, Medical Advisory Council Rivers State Ministry of Health; President University of Nigeria Alumni Association, Port Harcourt and National Vice President, University of Nigeria Alumni Association between 1985 and 1988.
He was appointed to the Board of Directors of Michelin Nigeria Limited and served on the board for three years, between 1987 and 1989. He was elected as a member and leader of the Rivers State delegates at the of the Constituent Assembly of 1988 – 1989. This heralded his foray into active politics, and in 1992 he was elected Deputy Governor of Old Rivers State; a position in which he served until the coup of November 1993. He was once again elected as Delegate and Leader of the Rivers State Delegates in the National Constitutional Conference of 1994 1995, and served as the Chairman of the Committee on Creation of States and Local Government Areas at the Conference.
In furtherance of his commitment to serve humanity, he played active politics and served in leadership positions as National Vice Chairman (South-South), Democratic Party of Nigeria (DPN); Founder and Leader, Rivers Front Movement; and National Chairman, People’s Democratic Party of Nigeria (PDP) Fund-Raising Committee. He chaired the Presidential Committee on Housing and Urban Renewal in 2001 and was President of the Swimming Federation of Nigeria between 2001 and 2005.
He served as the 13th Executive Governor of Rivers State between 1999 and 2007, and in 2014 was a delegate at the National Conference. A statesman, humanitarian and avid sportsman, his hobbies and interests include reading, writing, sports and music. Odili once contested for the presidency on the platform of the Peoples Democratic Party.
The post PETER ODILI: Statesman, humanitarian appeared first on Vanguard News.
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Visa-on-arrival: PEBEC assures investors amid policy uncertainty
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The Director General of the Presidential Enabling Business Environment Council (PEBEC), Princess Zahrah Mustapha Audu, has reassured foreign investors that concerns over the Nigerian government’s decision to cancel the Visa-On-Arrival (VOA) policy will be addressed.
The Honourable Minister of Interior, Dr. Olubunmi Tunji-Ojo, announced over the weekend that the VOA policy would be discontinued, citing security risks and sustainability challenges.
This move has raised concerns among business stakeholders who rely on the initiative to access Nigeria without prior visa arrangements.
READ ALSO: NASS react as Interior Minister Tunji-Ojo proposes ₦6bn for 2025
In a statement on Monday, February 24, Princess Audu acknowledged the anxiety among foreign investors but assured that PEBEC is actively engaging with the government to find a workable solution.
“We understand the anxiety this has caused among the foreign community and would like to assure all stakeholders that PEBEC is actively engaging with the Minister of Interior to find a solution,” Audu stated.
She emphasised that the VOA policy has played a crucial role in promoting trade, tourism, and investment in Nigeria, and expressed optimism that a revised system could balance security concerns with business interests.
READ ALSO: Nigerian visa applications to go fully online before March 1
“Our primary objective is to strengthen security around the VOA process while maintaining the policy, which has been instrumental in attracting investments,” she added.
The Minister of Interior disclosed that the VOA policy would be replaced with landing and exit cards, requiring visitors to pre-fill forms before entering and leaving Nigeria.
Despite the uncertainty, PEBEC has urged the foreign business community to remain confident in Nigeria’s commitment to fostering a business-friendly environment.
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