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World Economic Outlook April 2023. Source: International Monetary Fund.

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World Economic Outlook April 2023. Source: International Monetary Fund.

Mr David Malpass, World Bank Group President, said the diversion of natural gas to Europe presented grave obstacles to developing countries’ production of electricity, fertilizer, and food.

“These problems are severely constraining future growth and deepening inequality and fragility for developing countries.

“I travelled to West Africa in March, where we are working to provide support in the face of these problems”, he said.

Malpsss, during a news conference in the course of the meetings called on the incoming government in Nigeria to tackle trade protection that blocks importation; address dual exchange rates; and diversify the economy to achieve shared prosperity and sustainable growth.

The Bank’s President said in the Group’s forecast, Nigeria’s growth was 3.3 per cent in 2022 and 2.8 per cent in 2023.

Malpass went on to advise policymakers in Nigeria and other SSA countries to focus on policies that would enhance inclusive growth.

Ms Kristalina Georgieva, Managing Director, IMF, and Mr Olavo Correia, Cape Verde’s Finance Minister and Chair of the African Caucus in a joint statement after the meetings, said strengthening social protection is key to Africa’s development.

They also said leveraging digital infrastructure, such as mobile phone platforms, could help to increase efficiency and ensure social support was well targeted to the most vulnerable.

The group said in shock-prone environments such as Africa building resilience, including to climate change, remained fundamental.

“Mobilising additional external financing to support the recovery remains critical”, they said.

Georgieva said IMF was aware of the implications of external debt on the economy of African nations particularly the SSA countries would continue to provide technical assistance to them to mitigate the impact.

“The IMF continues to explore ways to make debt resolution more efficient. To this end, the IMF, together with the World Bank and the India G20 Presidency, have launched a Global Sovereign Debt Roundtable.

“The IMF remains steadfastly committed to the region and continues to work towards ensuring that its concessional lending toolkit for low-income countries is flexible, effective, and well-resourced.

“The Resilience and Sustainability Trust is now operational, providing longer-term affordable financing to address longer-term challenges, including climate change and pandemic preparedness.

“Rwanda is one of the first beneficiaries, with several other countries in the pipeline”, she said.

Nadia Calviño, the Chair of the International Monetary and Financial Committee said the meetings resolved enhanced commitment by members to ” coordinate our economic policies and to reinforce our global financial safety net.

“The meetings also resolved to work together in a constructive manner to deliver on our shared roadmap as we start the road to the Annual Meetings in Marrakesh.

The meetings have outlined and suggested pragmatic policies for the SSA region to cushion the effects of the global crisis as well as build external resilience and ensure sustainable growth.

Experts say the onus is on the governments and policymakers in the region to tailor these policies based on their peculiar challenges to steer the continent on the right economic trajectory.

They say it is also important for Bretton Woods Institutions to effectively implement resolutions at their meeting to stimulate economic growth and alleviate poverty in Sub-Saharan Africa countries.

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Hon. Jafaaru Yakubu Demands Urgent Action on Taraba Road Collapse

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Hon. Jafaaru Yakubu, Chairman of the House Committee on Nigeria-China Friendship, has issued a strong call for immediate government intervention following the collapse of the Bali-Suntai Road in Taraba State. His appeal comes two years after the Namnai Bridge in Gassol Local Government Area collapsed, a tragedy that remains unresolved and continues to haunt residents. Yakubu stressed that the latest disaster is not just an infrastructure failure but a humanitarian crisis that threatens livelihoods, education, and commerce across the region.The Bali-Suntai Road, particularly around the Zagah axis in Bali LGA, was washed away after heavy rains, leaving more than 300 vehicles stranded. Among them were heavy-duty trucks loaded with goods, buses carrying passengers, and smaller vehicles attempting to navigate the route. The collapse has paralyzed transport services, cutting off communities and disrupting trade. For traders, the losses are mounting daily as perishable goods rot in transit, while transport operators face financial ruin from halted operations. Ordinary citizens, meanwhile, are left stranded, unable to access markets, schools, or health facilities.In reinforcing Yakubu’s appeal, Alh. Abdulhamid Kungana, Director General of Campaign for Hon. Jafaaru Yakubu’s 2027 House of Representatives bid, underscored the urgency of the crisis, describing it as a ticking time bomb for Taraba’s economy and social fabric. He noted that the collapse has left communities isolated and vulnerable, with economic activities grinding to a halt. His intervention added political weight to Yakubu’s voice, framing the issue not only as a matter of infrastructure but as a test of governance and leadership. By aligning with Yakubu’s call, Kungana’s campaign leadership amplified the demand for swift and decisive action, signaling that the plight of Taraba’s people must be treated as a national priority.Yakubu emphasized that infrastructure is the backbone of economic and social life, and without functioning roads and bridges, communities are isolated, commerce grinds to a halt, and education suffers. His call is not just a political statement but a demand for urgent action that directly affects thousands of Nigerians. Residents have pleaded for swift repairs, warning that the situation will worsen as the rainy season continues. Traders fear that the collapse will lead to skyrocketing prices of goods and services, as supply chains remain disrupted. The prolonged neglect of the Namnai Bridge and now the Bali-Suntai Road highlights the urgent need for sustainable road maintenance policies in Taraba State.The combined voices of Yakubu and Kungana have transformed the crisis into a rallying point for accountability. Their united stance reflects a broader demand for government responsiveness, reminding leaders that infrastructure failures are not abstract statistics but lived realities for communities. The collapse of two critical transport routes within two years has left Taraba’s people in despair, and unless urgent steps are taken, the crisis will deepen, leaving the state further isolated and economically strangled.

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HONOURABLE JAFAARU YAKUBU COMMISERATES WITH QATAR OVER THE DEATH OF RULER

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Honourable Jafaaru Yakubu, Chairman of the House Committee on Nigeria–China Friendship Relationship Group, has extended his condolences to the Government and people of Qatar following the passing of the father of the incumbent Emir, His Royal Highness Sheikh Tamim ibn Hamad Al Thani.In his condolence message, Honourable Yakubu described the late ruler as a man of wisdom and compassion whose leadership left a lasting imprint on Qatar and the wider global community. He noted that the deceased patriarch of the Al Thani Royal Family was widely respected for his dedication to service, his vision for progress, and his commitment to uplifting humanity.Yakubu emphasized that Qatar has not only been a leader in the Gulf region but has also shown remarkable generosity through humanitarian partnerships that extend far beyond its borders. He highlighted the role of Qatar Charity in his Federal Constituency of Bali/Gassol in Taraba State, where sustained interventions have supported orphans, widows, and vulnerable groups. These programs, he said, have provided scholarships, empowerment opportunities, and social support that have transformed lives and strengthened communities.“The people of Bali/Gassol Federal Constituency will always remember the kindness of Qatar and the impact of its humanitarian activities in our communities,” Honourable Yakubu remarked. He added that the partnership with Qatar Charity has been a source of hope and opportunity, reinforcing the bonds of friendship between Nigeria and Qatar.He prayed for Allah (SWT) to forgive the shortcomings of the departed leader and grant him Jannatul Firdausi, while assuring the Government of Qatar of his constituency’s solidarity during this period of mourning.The condolence message, delivered in Abuja, underscores the enduring ties between Nigeria and Qatar, and reflects the shared vision of both nations in advancing humanitarian causes and uplifting vulnerable populations. Honourable Yakubu reaffirmed his commitment to strengthening these ties, ensuring that the partnership continues to grow and deliver meaningful benefits to his people.

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‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain

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By Emmanuel Kuza

A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.

Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.

According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.

“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.

He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.

“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.

The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.

Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.

“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.

He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.

“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.

Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.

He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu

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