The Nigeria Labour Congress (NLC) has called on the federal government to resist undue influence from external organizations such as the International Monetary Fund (IMF) and the World Bank on Nigeria’s economic policies. The NLC emphasized the importance of reassessing … Read the rest
By Farooq Kperogi
I fully anticipate that most Nigerians will figuratively call for my head after reading this headline. How could it be that a leader who has inflicted such profound and unrelenting hardship upon the populace, and who appears … Read the rest
The International Monetary Fund (IMF) has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies.
In a report published recently by the IMF, the organisation told Nigeria that the subsidies would guzzle three per cent … Read the rest
The International Monetary Fund (IMF) has said that Nigeria’s economy will grow by 3.3% in 2024, stating also that the country’s inflation rate will drop to 26.3% this year.
According to its revised Global Economic Outlook for 2024 released on … Read the rest
By Farooq Kperogi
On January 11, 2012, Bola Ahmed Tinubu published a sober, thoughtful, deeply insightful, and penetratingly foresightful article titled “Removal of Oil Subsidy: President Jonathan Breaks Social Contract with the People” that uncannily prefigured the untoward consequences of … Read the rest
By Farooq Kperogi
I really wanted to stop talking about subsidy removal for two reasons. One, senseless, right-wing, anti-people economic populism has become hegemonic in Nigeria as a direct result of careful, deliberate, sustained, artful, and largely unimpeded propaganda by … Read the rest