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IMF gives reasons why it advised Nigeria to remove fuel subsidy

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The International Monetary Fund (IMF) has given reasons why it advised Nigeria to end the fuel subsidy regime which it said was akin to robbing the poor for the rich.

The Director of the African Department of the IMF, Abebe Selassie, who disclosed this at the ongoing Spring Meetings of the IMF and World Bank in Washington DC, said removing fuel subsidies in Nigeria was for the benefit of the ordinary Nigerians and a way of revamping the country’s battered economy.

According to Selassie, the IMF had also provided the Nigerian government with a robust content on how the poor could benefit from the policy in the provision of social safety nets.

“Subsidies are about resource allocation internally within Nigeria. So Nigerians, the people of Nigeria pay for these subsidies,” the Fund chief said.

“And what’s the reason why we counsel against such generalised subsidies is very simple. It tends to be highly regressive, meaning the benefits of such you know, fuel subsidies tend to accrue to the rich and segments to reach out to people and the poor people.

“So it’s people that are driving these large cars, with big houses are wanting to see subsidised fuel. They’re the ones benefiting relative to the poor and vulnerable in Nigeria.

“So you know, not only people paying for the subsidies Nigeria, it’s the poorest segments of society that actually are losing out and resources could instead, of course, be used to improve conditions for poorer people instead of accruing to rich people.

“That’s why subsidy reform is important. We applaud the government for the steps government took to reduce the extent of subsidies. I think as oil prices have become volatile, the level of subsidy has also moved up and down.

“But I think you know, the direction of travel, I think, to remove the subsidies and use the resources to provide social protection for the most vulnerable households.”

Selassie however, cautioned African countries against commercial loans for the purposes of refinancing because of the current rate hike in most economies.

He advised that instead, countries South of the Sahara that have debt service challenges should look inward for domestic resource mobilization, which would be easier to deal with.

Metro

Religious leader, Luchile, notes improvements in media freedom but faults online media abuse

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In this ongoing conversation to amplify voices on media freedoms, freedom of speech, and digital rights, we feature, Maxwell Luchile, a well-known religious leader and governance activist in Luapula province.

Luchile, the Executive Director of the Vision Network Foundation (VNF), began by acknowledging improvements in media freedoms and freedom of speech while expressing concern over social media abuse.

“At Vision Network Foundation, we see media freedom, freedom of the press, and digital rights as intertwined. Without a free press, we are suffocated as a nation and miss out on the valuable contribution of the media to national development,” he said.

Speaking with Zambia Monitor in Mansa, Luchile emphasized the vital role of the media in providing essential information to the people of Zambia.

“The media acts as a watchdog to maladministration, corruption, and other societal vices. That’s how crucial the media is,” he stressed.

Luchile observed that the media serves to inform, educate, and entertain, especially in situations like ours where access to various educational information from newspapers, radio, and television channels is essential.

He noted the rise of online newspapers in the country and emphasized the importance of a free press in maintaining democracy.

While acknowledging increased media space under the United Party for National Development (UPND) administration, Luchile called for balanced and ethical journalism that defends democracy.

“We would like to see balanced and ethical journalism in the country,” he said.

Regarding digital media, he remarked that the country was embracing technology relatively late, leading to excitement about online platforms but also mishandling of social media.

Luchile stressed the need to strengthen laws governing digital media to ensure users understand the implications of social media abuse.

“Users of digital platforms need to understand the implications of abusing social media. Cyber laws and defamation laws must be discussed,” he said.

This story is sponsored content from Zambia Monitor’s Project Aliyense.

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Clergyman raises concern over abuses associated with digital rights and freedom of expression

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Emmanuel Kalulu, a clergy member from the Brethren Christ Church in Choma, has expressed concerns about the misuse of media freedom and freedom of expression in Zambia.

Affiliated with the Kamuuza BIC congregation of the Brethren Christ Church, Kalulu, who also serves as a representative of Chief Chona in Monze District (Monze East), shared his thoughts on the state of these freedoms in Zambia.

In an exclusive interview with Zambia Monitor in Choma, Kalulu acknowledged the significant level of media freedom and freedom of expression in Zambia.

However, he highlighted instances where these liberties were being exploited to attack others.

“Some of us believe that this freedom is excessive because it has been abused. We’ve witnessed the misuse of the freedom of speech. People are speaking without considering their audience, uttering words that contribute to moral decay,” Kalulu said.

He urged Zambians, including the media, to exercise restraint and responsibility in utilising the freedoms they currently enjoy.

“I implore fellow Zambians not to abuse these freedoms. Let’s stay within the bounds of respect and refrain from disrespecting others, even in times of disagreement,” Kalulu said.

Regarding the freedom of the press and any potential external influences, Kalulu noted that instances of harassment due to personal expressions seemed to have diminished compared to the past.

“When a leader announces plans to repeal laws on defamation of the President, what more evidence do we need? Individuals are quite free to express themselves; however, we’ve even seen instances of this freedom being misused,” Kalulu stated.

“Even journalists may feel unrestricted in their work, with few instances of interference. Thus, freedom of speech undoubtedly has its place in Zambia,” he concluded.

This story is sponsored content from Zambia Monitor’s Project Aliyense.

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