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IMF Warns Nigeria Against Inflationary Increase in 2020

Eric Ojo in Abuja The International Monetary Fund (IMF) has warned that in spite of the current operational tight monetary policy in Nigeria, inflation will likely pick up in 2020 following rising minimum wages and a higher Value Added Tax (VAT) rate. IMF said the revenue  initiatives planned under the 2020 budget,  including a

Nigeria @59: Can Nation Develop Without Resolving Nationhood Question?

Law Mefor The Nigerian nation state has, since inception, become a workshop in nation building. Many development rolling plans have been formulated by the past and present variegated regimes. Huge resources not even available to many developed nations have been haphazardly deployed with predictably erratic results. You do recall the two broad

‘Nigeria is free, but, everywhere in chains’

By Onyike Ifeanyi Ebenezer Nigeria, our fatherland is free today by virtue of her flag independence on October 01, 1960. The irony however, is that the more Nigeria celebrates her independence and freedom from British domination, the more it plunges into the abyss of helplessness. A commentator once said that we

Nigeria Among 41 Countries in Need of External Food Assistance

A report released by the Food and Agriculture Organisation (FAO) Thursday, titled, "Crop Prospect and Food Situation," has listed Nigeria among 41 countries in need of external assistance for food with protracted conflicts primarily identified as driver of high levels of food insecurity. It also noted that adverse weather conditions -

What is driving Nigeria’s growing meth market?

Despite government efforts to contain production, the methamphetamine problem is expanding. By Mouhamadou Kane Nigeria has emerged over the past decade as a significant producer of methamphetamine (meth), a highly addictive and illegal synthetic psychostimulant drug. Since the National Drug Law Enforcement Agency’s (NDLEA) first discovery in Lagos in 2011 of a

Ramaphosa apologizes to Nigeria for xenophobic attacks

Godsgift Onyedinefu South Africa’s President Cyril Ramaphosa on Monday apologized to the Nigerian government two weeks after deadly xenophobic attacks on immigrants in Johannesburg and Pretoria, according to media reports. Ramaphosa tendered his apology to his Nigerian counterpart, Muhammadu Buhari, through Jeff Radebe, Ramaphosa’s special envoy dispatched to Nigeria, the Thisdaylive news

Christian Aid unveils strategy to eradicate poverty in Nigeria

Godsgift Onyedinefu An international charity organisation, Christian Aid on Thursday launched a new seven-year strategic plan aimed at empowering impoverished Nigerians and eradicating poverty. The plan titled ‘Standing Together,’ covers 2019 to 2026 will guide the implementation of Christian Aid’s programmes in Nigeria and is expected to significantly contribute to Nigeria’s

World Bank blacklist six Chinese companies in Nigeria over fraud allegations

The World Bank has blacklisted six Chinese companies currently operating in Nigeria over alleged fraud and corruption. The companies, according to an announcement published on the World Bank’s website, are CCECC Nigeria Railway Company Limited, CRCC Petroleum and Gas Company Limited and CCECC Nigeria Company Limited. Others are China Railway Construction (International)

A risky return for ex-combatants into communities

Continued human rights abuses and a lack of transparency are hindering the successful reintegration of defectors.     Enabling violent extremists to defect from their terror groups to rejoin society is a vital strategy in preventing violent extremism in Africa. But amnesty and rehabilitation programmes for this purpose often fail because security forces

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