Connect with us

Video

Video: Amid unpopular reforms, W’Bank chief insists Nigeria must ‘stay in course’ for 15 years

Published

on

In this video, Indermit Gill, the Vice President and Treasurer of the World Bank who also serves as the Pension Finance Administrator of the World Bank Group, at an event in Abuja, Nigeria’s capital, commended the recent fiscal and monetary reform policies of the government.

He noted that implementing such reforms was impossible without strong resolve from the political class. He also commended the central bank’s decision to raise interest rate.

The central bank has had to hike its policy rate by a huge 850 points in the last 9 months to boost confidence in the Naira and anchor inflationary expectations.

“But this is only the beginning, Nigeria will need to stay the course for at least another 10 to 15 years to transform its economy,” the World Bank chief stressed.

Gill’s remark brings to mind the age-long argument on the actual interest of multilateral bodies in their engagements with developing countries, largely African states, whether through loans or policy framework. Some have argued that the institutions are only bent on impoverishing the continent through policy positions like the removal of subsidy and the devaluation of currencies, both of which Nigeria under the current administration has done under two years— leading to unprecedented inflation rate and soaring cost of living.

Video

Video: Nigeria’s Vice-President Shettima questions Badenoch’s migration stance

Published

on

In this video, Nigeria’s Vice President, Kashim Shettima, lends his voice to the trending issue of migration in the global arena. Shettima addressed the leader of the Labour Party in the United Kingdom, Kemi Badenoch, stressing that even if she changed her first name, that would not change Nigeria’s position as “the greatest black nation on earth.”

Migrants are the source of life in all societies, Shetimma argued.

Since becoming the leader of the UK Conservative Party, Badenoch, who is of Nigerian descent, has pledged to enforce stricter immigration policies, warning that the current pace of migration risks were overwhelming public services and undermining social cohesion.

Over the last few decades, migration numbers in the UK have generally been comparable to those in other high-income nations. Addressing issues around migration has become a strong political and policy topic in the UK, with the previous administration under Rishi Sunak pushing for an unconventional approach to the matter by sending migrants to Rwanda, East Africa.

Watch the video below:

 

Continue Reading

Video

#GhanaDecides : Ghana’s former VP Bawumia concedes defeat (Video)

Published

on

In this video, Ghana’s ruling New Patriotic Party candidate, Mahamudu Bawumia, concedes defeat in the recently concluded presidential election.

“Ladies and gentlemen, we have conceded defeat like any consummate Democrat would do. But we have not abandoned the fight to transform Ghana and expand opportunities to all sections of our society. We will not be a disruptive opposition.”

In Ghana, members of Parliament are chosen by first-past-the-post voting in single-member constituencies, but the president is chosen through a two-round process.

Former President John Mahama, the candidate of the National Democratic Congress, secured a majority in the first round, enough to be declared the president-elect.

Watch the video below:

Continue Reading

EDITOR’S PICK

Metro10 hours ago

Zambian NGO decries persistent corruption, says governance in 2024 marked by mixed fortunes

A Non-Governmental Organization in Zambia, the Gender Organizations Coordinating Council (NGOCC), has decried what it described as persistent corruption in...

Sports10 hours ago

Sad day for African football as promising Kenyan star passes on

he African football fraternity was thrown into mourning following the untimely demise of promising Kenyan striker, Ezekiel Otuoma, who died...

Metro15 hours ago

Nigeria: Police dismiss Amnesty Intl’s report on killing of protesters, demand apology

The Nigeria Police has rejected a report by Amnesty International that accused the force of killing protesters during the #Endbadgovernance...

Sports1 day ago

Coach of Mamelodi Sundowns female team suspended over sexual harassment allegations

The head coach of Mamelodi Sundowns women’s team, Jerry Tshabalala, has been suspended indefinitely amid allegations of sexual harassment of...

Culture1 day ago

Ghana’s Afua Asantewaa begins second GWR sing-a-thon attempt

Ghanaian singer, Afua Asantewaa, on Saturday, began her second attempt at breaking the Guinness World Record (GWR) for the longest...

Tech1 day ago

20 African tech-preneurs embark on Korean innovation tour

The African Development Bank Group’s Innovation and Entrepreneurship Lab has selected 20 promising tech entrepreneurs from various African technology ventures...

Metro1 day ago

Zambia: Expert warns of food security threat due to climate change 

A prominent Zambian climate-smart agriculture expert, Oliver Bulaya, has warned of a collapse of the county’s agricultural sector with a...

Metro2 days ago

Outrage over murder of Nigerian beaten to death by South Africans inside estate security office

The Nigerian community, under the auspices of Nigerian Citizens Association in South Africa (NICASA), has raised the alarm over the...

VenturesNow3 days ago

Moroccan annual inflation rises to 0.8% in November

Morocco’s statistics office has confirmed that the country’s annual inflation rate, as determined by the consumer price index, increased from...

Musings From Abroad3 days ago

Swiss company Mercuria partners Zambia’s IDC in new metals trading firm

According to a statement released by Swiss commodities trader, Mercuria, on Thursday, it has established a metals trading arm with...

Trending