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Foreign Economic Slavery! Jimoh Ibrahim Accuses IMF, World Bank of Stifling Nigeria’s Growth”
Senator Jimoh Ibrahim, who represents Ondo South Senatorial District, has taken a swipe at the International Monetary Fund (IMF) and the World Bank, accusing them of misrepresenting Nigeria’s economic standing.....KINDLY READ THE FULL STORY HERE▶
Ibrahim argued that contrary to reports by the two global financial institutions—which rank Nigeria among the world’s 12 poorest countries based on per capita income—the country is actually the 42nd largest economy globally.
In a statement shared with Sunday PUNCH, the senator questioned the credibility of the figures released by the IMF and World Bank, saying they failed to consider Nigeria’s full Gross Domestic Product (GDP), a critical factor in determining accurate per capita income.
“The IMF and World Bank usually present data from a narrow balance sheet perspective,” he said. “They overlook the wider economic context, including Nigeria’s total GDP, which currently stands at $363 billion.”
Ibrahim dismissed the per capita income figure of $808 cited by the institutions as “misleading,” insisting that Nigeria’s actual figure is around $1,597. He attributed the discrepancy to structural economic challenges that President Bola Tinubu’s administration is already working to resolve.
While acknowledging the country’s economic hardships, Ibrahim stressed that President Tinubu has never downplayed the severity of the situation. “Even the United States is grappling with serious economic issues, with its national debt at 127% of GDP,” he noted.
He further accused the IMF and World Bank of being overly focused on their consultancy businesses, suggesting they should pay more attention to their growing administrative expenses rather than issuing skewed reports about sovereign nations.
Ibrahim concluded by calling for increased investment in Nigeria’s knowledge economy, which he described as essential to driving sustainable growth and improving per capita income in the long term.
A group of Nigerians has staged a protest at the United Kingdom Parliament, calling for the removal of the Chairman of the Independent National Electoral Commission (INEC) ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
The demonstrators reportedly gathered outside the parliamentary complex, expressing dissatisfaction with the leadership of the electoral body in Nigeria and demanding immediate action.
They insisted that the INEC chairman should be removed, alleging concerns over credibility and trust in the electoral process as the country prepares for the next election cycle.
The protest drew attention from passersby and security personnel, as the group maintained their position that electoral reforms and leadership changes were necessary to restore public confidence.
Sir Uyi has responded strongly to critics of his involvement in nightclub businesses, insisting that such ventures represent only a small part of his wider activities.....KINDLY READ THE FULL STORY HERE▶
In a firm reaction to recent criticism linked to Vaniti, he stated that people are focusing too much on his nightlife businesses while ignoring other aspects of his work and achievements.
He stressed that his nightclub operations do not define his entire identity or professional portfolio, adding that he is involved in several other ventures beyond entertainment and hospitality.
According to him, the criticism reflects a narrow perception of what he does, and he believes his broader contributions are being overlooked.
Sir Uyi maintained that he remains focused on his various commitments despite public scrutiny surrounding his nightlife business interests.
The Benue State Police Command has confirmed the arrest of seven suspected militia herdsmen in connection with the abduction of passengers travelling in an 18-seater Benue Links bus along the Makurdi–Otukpo road last Wednesday.....KINDLY READ THE FULL STORY HERE▶
The victims, which included candidates of the Joint Admissions and Matriculation Board (JAMB) heading to Otukpo for their examinations, have all been successfully rescued.
Speaking while briefing Governor Hyacinth Alia in Makurdi during the presentation of the freed victims, the Commissioner of Police, Ifeanyi Emenari, said the rescue operation was achieved through coordinated efforts of multiple security agencies.
He explained that five of the abducted passengers were first released, while the remaining 13 were rescued on Sunday morning without injuries.
According to him, the combined pressure from security forces, supported by the state government and the Inspector-General of Police, led to the successful outcome of the operation.
Emenari further disclosed that eight suspects are currently in custody, adding that seven of them are strongly linked to the kidnapping incident, with some victims already identifying them.
He also noted that clearance operations have begun across forest areas in the state to flush out criminal groups, in line with directives from security authorities.
Governor Hyacinth Alia, while receiving the rescued passengers, expressed concern over rising cases of kidnapping in the state but welcomed the safe return of all 18 victims.
He confirmed that among those rescued were eight candidates on their way to write examinations, and called on the Joint Admissions and Matriculation Board (JAMB) to reschedule the affected exams for them.
The governor assured that the state government remains committed to supporting the victims and strengthening security across Benue State, while also urging residents to provide credible information to security agencies.
He further directed the state health authorities to conduct medical evaluations for all rescued persons and promised government support for those affected.
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