World Bank

The plea for debt forgiveness by the leadership in Nigeria at the recently concluded 76TH United Nations General Assembly has been described has questionable and laughable.

These views were expressed by an Ex-Officio of the Oyo state council of the Trade Union Congress(TUC) who is also a former Chairman of the union in the state,Comrade Andrew Emelieze.

‘’How can a country that is yet to settle debts of over 33 Trillion Naira and which is still planning to borrow ask for debt forgiveness ? How has the unsettled loans been spent ? How shall the loans that shall be borrowed be spent ? The present administration has less than two years to stay in office. The request by Nigeria is questionable and laughable.This is tantamount to taking the international creditors for granted’’, Comrade Emelize concluded.

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Persons in authority in Nigeria have hinted that the re-introduction of toll gates is imminent while at the same time facilitating the increase in the fees payable for vehicle plate numbers and the driver's license.
Before now, impoverished Nigerians have been contending with persistent darkness even though at present, electricity bills are strangulating.
Indeed, the high costs of foodstuff in the markets, the upward review of the Value Added Tax(VAT), PremiumMotor Spirit(PMS), and Kerosene are solid proofs that governance is on an unstable footing at all levels.

The ranking of Nigeria as fifth in the list of countries with high debt risk exposure only confirms that political office holders, both elected and appointed, have done almost nothing to reinvigorate the country's health system, eradicate hunger and poverty, create convincing and satisfactory employment, ensure the growth of businesses.
The Debt Management Office(DMO)has stated that Nigeriahasadebt of $11.5 billion to repay the World bank.
However, Nigerians wish to know if the policies, actions, and inactions of persons in authority are in tandem with the country's indebtedness.

The World Bank Group President, David Malpass has stressed the need for women to be included in the running of the economies of countries of the world.
Malpass made this disclosure in a Press Release dated 23 February 2021.
“Despite progress in many countries, there have been troubling reversals in a few, including restricting women’s travel without the permission of a male guardian. This pandemic has exacerbated existing inequalities that disadvantage girls and women, including barriers to attend school and maintain jobs. Women are also facing a rise in domestic violence and health and safety challenges. Women should have the same access to finance and the same rights to inheritance as men and must be at the center of our efforts toward an inclusive and resilient recovery from the COVID-19 pandemic.” the World Bank President stated.