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October 28, 2024 NLC Asks the IMF to Allow Nigerians Breathe
IFMUYONEWS

NLC Asks the IMF to Allow Nigerians Breathe

Nigeria Labour Congress – NLC, has dismissed the International Monetary Fund, IMF, denial of any role in Nigeria government’s removal of petrol subsidy and the implementation of other anti-people economic policies, insisting that the body is behind the country’s economic woes.

According to the NLC, the IMF and the World Bank remain the twin forces that have a longstanding pattern of recommending harsh and unworkable economic policies to developing nations.

In a statement, the President of NLC, JOE AJAERO, urged the World Bank and IMF to remove their knees from Nigeria’s necks so that the country can breathe as a nation.

October 28, 2024 “I Was Never Minister For Petroluem” – President Tinubu
IFMUYONEWS

“I Was Never Minister For Petroluem” – President Tinubu

The Presidency has clarified that President BOLA TINUBU did not appoint himself as the substantive minister of Petroleum as speculated by some individuals in the country.

The clarification is coming on the heels of some citizens calling on the President to surrender his office as substantive minister of petroleum to a competent Nigerian.

They had argued that retaining the office of petroleum minister for himself since he composed his cabinet in August 2023 has not boosted the country’s daily oil production in any way.

Speaking on the development in a Programme Monitored by INSPIRATION FM, News, theSpecial Adviser to the President on Information and Strategy, Mr BAYO ONANUGA explained that the president has never called himself the Minister of Petroleum, saying it is the citizens that are attaching the petroleum portfolio to him.

October 28, 2024 Governor Umo Eno to Commission Secretatiat Road in Orue Offong Oruko
IFMUYONEWS

Governor Umo Eno to Commission Secretatiat Road in Orue Offong Oruko

Governor UMO ENO will today, Monday, October 28, 2024 commission the 2.9 kilometre Secretariat Road, Okuko two-event Road with spur in UrueOffong/Oruko Local Government Area.

The exercise forms part of the Governor’s plans to commission a total of eight road projects, 62 compassionate homes, a model primary health center and a water reticulation project across the state in the next one month.

The UrueOffong/OrukoSecretariat Road project, executed by Bulletin Construction Company Nigeria Limited under the supervision of the State Ministry of Works and Fire Service, will serve as a vital access route connecting three villages, including Urueffong, UkukoUtuku and Ibotongin the Area, bringing a new level of connectivity and accessibility to the area.

Thrilling over the important infrastructural milestone in the area, some of the Residents said the road signifies not only improved access but also hope for economic growth.

Governor UMO ENO will also commission as well as hand over Arise Companionate Home in UrueOffong/Orukoand MboLocal Government Areas tomorrow, Tuesday, October 29, 2024.

October 27, 2024 IMF Calls for More Social Investment Programmes to Ease the Pains of Economic Reforms
IFMUYONEWS

IMF Calls for More Social Investment Programmes to Ease the Pains of Economic Reforms

The International Monetary Fund – IMF has said that the Implementation of social investments would help ease the pains of subsidy removal, and assist vulnerable Nigerians cope with reforms of the present administration.

Addressing the press, yesterday afternoon, at the ongoing Annual Meetings of the IMF and World Bank, in Washington DC, the Director of African Region, Mr. ABEBE SELASSIE also denied its involvement in the removal of fuel subsidy and said that the decision was purely domestic.

Mr. ABEBE admitted that fuel subsidy had brought a lot of suffering to Nigerians and advised the federal to implement social investments that would assist the vulnerable cope with the pains of the reforms.

The director said that over the years, his organization had learnt a lot of lessons from reforms carried out by member countries that it had worked with and that at the moment, it made sure that reforms advised by the IMF do not result in heightening inequalities or increase the difficulties of the vulnerable.

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