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Real reason World Bank, IMF praise Tinubu’s reforms – Economist, Prof Ekpo

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3 weeks ago

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An economist, Prof Akpan Ekpo, has revealed the real reason why the World Bank and the International Monetary Fund, IMF, are praising President Bola Tinubu’s reforms.

Speaking during an interview on Arise Television on Thursday, Ekpo said the policies mirror the elements of the World Bank and IMF’s reform characteristics.

He added that the World Bank and the IMF should not expect Tinubu’s reforms to transform Nigeria’s economy structurally.

DAILY POST recalls that following the coming on board of the president on May 29, 2023, subsidy was removed and the naira floated.

“The World Bank and IMF’s praise for President Tinubu’s reforms in Nigeria isn’t surprising because these reforms mirror the package or elements of the World Bank and IMF’s reform characteristics, Prof Ekpo said.
“However, there’s no developing country that’s embarked on these types of reforms and fast-tracked growth and development. We’re almost three years into the reforms, yet the economy’s structure hasn’t changed even marginally.

“And on record, we don’t know of any developing country that has embarked on the IMF/World Bank type of reform. The Bank should know that the reform packages transform the economy in a structural sense. We are almost three years into the reform.

“Even in the context of the reverse GDP and the CPI, the structure of the economy has not changed. Does not change even marginally,” he said.

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Electoral Act: Atiku, Obi, Amaechi hold joint press conference

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8 hours ago

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February 27, 2026

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Leaders of main opposition political parties in Nigeria are set to address a joint news conference in Abuja on the amendment to the Electoral Act 2026 and other related matters.

Present at the joint news conference, themed “Urgent call to save Nigeria’s democracy,” are former Vice-President Atiku Abubakar and the 2023 presidential candidate of the Labour Party, Peter Obi.

Also present included former ministers Rauf Aregbesola and Rotimi Amaechi, a former governor of Cross River State, Liyel Imoke, and the the National Chairman of the African Democratic Congress (ADC), David Mark.

Others were the National Chairman of the New Nigeria People’s Party (NNPP), Ahmed Ajuji, Dino Melaye and Yunusa Tanko.

The National Assembly on February 17, 2026, passed the Electoral Act 2026 (Amendment) Bill.

The amendment came amid intense public debate over the electronic transmission of election results in real time.

The harmonised report of the bill, including the contentious Section 60(3), was passed by both chambers of the National Assembly, while it was signed into law by President Bola Tinubu on February 18.

The news conference held at the Transcorp Hilton Hotel, Abuja.

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Tinubu approves reconstruction of three federal roads

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8 hours ago

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February 27, 2026

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President Bola Tinubu has approved the immediate reconstruction of three federal roads in Niger State and the extension of the Bodo–Bonny Road to connect with the East–West Road in Rivers State.

The president gave the approval during a meeting with the Minister of Works, David Umahi.

The three road projects in Niger State are expected to be reconstructed using reinforced concrete pavement to ensure durability and long-term value

They include; Mokwa–Bida Road (120km); Mokwa–Makeri Road (63km) and Bida–Labata Road (123.5km).

The extension of the Bodo–Bonny Road to connect with the East–West Road, the project will be executed on a dual carriageway capacity.

It is also expected to get constructed with concrete pavement, and equipped with solar-powered street lighting.

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