Many Nigerians believed that the regime of Late General Sani Abacha, which started in Nov 1993 and ended in June 1998, was the worst that Nigeria had ever experienced without talking about his achievements. Here are six achievements of the former military leader that you need to know.
In a country that is blessed with abundant natural resources for the growth and well being of the citizens of the Nation. It is quite unfortunate that the citizens of such Country are living in hardship and poverty, while the National cake which is mearnt for all citizens is been enjoyed by few individuals.
Don't give the Nigerian govt any loan, we're not ready to repay such loans"- NINAS tells IMF, others
It is no news that the Nigerian government is seriously complaining that there is no money in the country, and as such, the government is planning on going to developed countries to request a loan. Recall that president Muhammadu Buhari wrote to the Senate and the House of Representative requesting the resolution of the National Assembly of the new external loan of N2 trillion.
According to a report from Peoples Gazette, the International Monetary Fund has announced that it will not provide financial assistance to Taliban-controlled Afghanistan due to a lack of clarity about the country's leadership following the Taliban's takeover of Kabul on Sunday. This was announced by the global financial institution on Wednesday.
Widows Invade Govt House Over Unpaid Salaries Scores of widows, on Thursday, blocked the entrance gate to the Imo State Government House in Owerri in protest. (Photo Credit: Punch Newspaper) The women, under the aegis of the Imo Widow Sweepers Association, disrupted the flow of traffic around the Government House.
Recently, the World Bank as well the IMF officially released statements in response to El Salvador's Bitcoin adoption drive, citing economic risks as one of the challenges that the country may face in the future. Photo Credit: News.Bitcoin.com Drawing from Venezuela's failed attempts at using cryptocurrency as a brace against terrifying inflation figures, the global financial institutions warn that El Salvador may be going down the same financial path as well.
The Nigerian entertainment industry is undoubtedly one of the best industries in Nigeria. It is dominated by two sub-industries, the Nollywood and Music industry. These two industries have become one of the core revenue-generating sectors for the country. Photo credit: Next Edition. According to a 2020 statistical report made on the international trade administration, the United States' official website of the international trade administration, the entertainment industry generates over 7 billion dollars for the Nigerian economy.
If China & IMF Monitor Nigerian Burial, They Will Know They're Lending Money To A Wrong Country-Reno
The former special assistant to former president Goodluck Jonathan, Reno Omokri has faulted the way burials are being conducted in Nigeria. According to a tweet he made on his verified twitter handle, he made it known that if China, the United States, the World Bank or IMF send their officials to monitor Nigerian burials, they will know that they are lending money to the wrong country.
Reno Omokri has taken to his Official Twitter handle to reveal that if China, America, and the World Bank or IMF should send their officials to monitor Nigerian burials, they will know they are lending money to the wrong county. While sharing on his official Twitter page, the cleric said:
"Borrowing Money From China & World Bank To Buy Official Cars For Politicians Is Senseless"-Adeyanju
The popular human right activist, Deji Adeyanju recently shared his opinion over how Nigerian government are spending money on cars for its politicians.Adeyanju shared his opinion using his official facebook account.According to Deji Adeyanju, "borrowing money from China, IMF & World Bank to buy official cars for politicians is senseless".
The Grant Of $65Billion Special Drawing Rights By The IMF To Nigeria Must Be Treated Cautiously - Sani
We received reports earlier that the International Monetary Funds allocated some amount of money to Nigeria and some other countries. According to The Sun Newspapers, the board of directors of this international organization approved this Special Drawing Rights fund in order to boost liquidity globally. Also, to help affected countries have access to IMF facilities to fight against the Covid-19 pandemic.
In Nigeria, it is common for most of us to show off our wealth to others, and Nigeria is probably the most ostentatious country in the world. Reno Omokri has reacted to the ostentatious habits of Nigerians. In his words, Reno Omokri said that if China, Europe, America and the World Bank or IMF, send their officials to monitor Nigerian burials, they will know that they are lending money to the wrong country, adding that Nigeria and Nigerians do not have a problem of money, but we have a problem of how to spend money.
Today's Headlines: Ferdinand Blasts Man United Star; IMF Activates $650b SDR To Boost Global Economy
Former Manchester United star, Rio Ferdinand, has told the club’s forgotten defender, Phil Jones to find another club. Ferdinand believes the England defender is now a waste of time at Old Trafford and should have left Manchester United ‘ages ago’. He blasted the player for blocking a Manchester United academy player from being part of the first team.
The international monetary fund (IMF) has said that the outbreak of Coronavirus pandemic will make Nigeria to experience a six-year delay in achieving its Sustainable Development Goals (SDGs). This was said at a United Nations high level political forum on Sustainable Development on Tuesday by the IMF managing director Kristalina Georgiera.
Before the pandemic, the Nigerian government had been grappling with weak recovery from the 2014 oil price shock, with GDP growth tapering around 2.3 percent in 2019.In February, the IMF revised the 2020 GDP growth rate from 2.5 percent to 2 percent, as a result of relatively low oil prices and limited fiscal space.
In the April 2021 edition of its World Economic Outlook report, the IMF raised its global GDP growth forecast for this year to 6.03%, up from 5.5% in the January edition.Fiscal and monetary interventions in the developed countries along with rapid vaccines rollout provide the major fillip for growth.
Here is a detailed list of the 10 wealthiest countries in Africa ranked by their GDP.All figures are gotten from the IMF (international monentry fund) and world bank using GDP prices in US dollars.1.
Court Urged To Restrain Nigerian Government On £4.2 Million James Ibori Loot The Federal Government has been sued over its planned use of the £4.2million linked to former Delta State Governor James Ibori.
1998 Titanic becomes the first film to gross $1 billion James Cameron's epic account of the sinking of the Titanic had a budget of $ 200 million and grossed over $ 2 billion in the end.People call it the Vovage of love.
Nigeria and other agricultural nations will get $275 billion out of the $650 billion worth of Special Drawing Rights (SDRs) as the International Monetary Fund's (IMF) started the dispersion If the assets on Monday. IMF's overseeing director, Ms. Kristalina Georgieva, said this in an assertion on Monday, in Washington DC, while declaring the initiation of the dissemination of the SDRs.