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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

Morocco’s Mpox test gets African CDC endorsement

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A major step forward in Africa’s response to the continuing epidemic was taken Thursday when the Africa Centres for Disease Control and Prevention (Africa CDC) revealed that it had endorsed Morocco’s locally created mpox test.

A “major milestone” for African public health systems, the new real-time PCR test can identify mpox pathogen DNA in tissue, saliva, and blood samples, improving the continent’s capacity to address new health risks.

The Africa CDC announced the clearance on X (previously Twitter), highlighting the validity and effectiveness of Morocco’s mpox test.

The support is in line with the African Union’s overarching goal of enhancing public health self-sufficiency in order to anticipate and effectively address disease risks.

This development follows three months ago when the Africa CDC declared the mpox epidemic to be a public health emergency.

Previously known as monkeypox, mpox is a disease that infects animals and people by intimate personal contact. Symptoms include fever, muscular pains, and characteristic skin lesions.

Alongside the CDC’s work, Abbott Molecular Inc.’s Alinity m MPXV assay, the first mpox diagnostic test, was authorised by the World Health Organisation (WHO) last month.

This diagnostic tool provides an additional means of monitoring and managing the virus by identifying mpox from swab samples.

Approximately 1,100 people have died and over 50,000 instances of mpox have been recorded throughout Africa this year, with Central Africa experiencing the highest number of cases and fatalities.

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Mpox immunisation scarcity slows Kinshasa’s epidemic fight

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A lack of mpox vaccine doses has prevented the Democratic Republic of the Congo from starting a campaign in the capital, Kinshasa, the response commander has confirmed. However, the number of cases nationwide is still rising, particularly among youngsters.

In mid-August, a new strain of pox started to spread from the Congo to neighbouring countries, prompting the WHO to declare a global health emergency. However, according to the Africa Centres for Disease Control and Prevention, donors have been hesitant to turn their pledges into cash and vaccines.

The head of operations for Congo’s mpox control program, Cris Kacita, stated on Tuesday that the country needed more than 162,000 doses of vaccine to start a vaccination campaign in the capital, but that 53,921 doses were still available for use in prisons, where inmates are at greater risk because of unsanitary conditions.

The capital, which is home to about 20 million people, has so far been less impacted than other parts of the nation. In six other provinces, vaccination campaigns are now underway.

Along with additional shipments from Germany and the African Union, France has committed to providing 100,000 doses.

He added the arrival of vaccines was also delayed by the administrative process, which includes sending an official request, manufacturing, creating documentation and gaining import authorisations.

“As long as we don’t have the necessary quantity, it’s going to be complicated to launch (vaccination) in the 14 health zones,” Kacita told Reuters, referring to areas of Kinshasa.

 

According to a health ministry study, from October 28 to November 2, 1,017 new suspected cases were registered nationwide in Congo, including 45 confirmed cases and 16 fatalities.

Since children are almost four times more likely than adults to die from the new strain of mpox, the charity Save the Children warned on Wednesday that targeted vaccines were necessary to halt the virus from spreading quickly among children.

 

“Children are especially vulnerable to mpox – they explore by touch and taste, don’t always understand health guidance, and have weaker immune systems than adults,” Katia Vieira de Moraes LaCasse from Save the Children said.

According to Africa CDC data, there have been over 42,000 suspected cases of Mpox in the continent, with 1,100 deaths reported so far this year.

The Mpox virus can spread from person to person via intimate contact and also from place to person through objects and surfaces that a person infected with Mpox has touched.

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