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IMF Boss, Lagarde Backs Buhari’s Anti-Corruption Drive, Response To Low Oil Price

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IMF-Christine Lagarde-BuhariMs. Christine Lagarde, Managing Director of the International Monetary Fund (IMF) on Tuesday threw her weight behind the President Muhammadu Buhari administration’s war against corruption.

This is just as she disclosed that Nigeria must reduce its over-reliance on oil, amid sharp fall in the price of the commodity, which has badly affected the revenue of Africa’s biggest economy.

The IMF chief, who kicked off the New Year with a visit to Nigeria, after holding talks with President Buhari at the State House, Abuja, also said she was not in the country to negotiate a loan.

While supporting what she termed Buhari’s “very important” fight against corruption, Ms Lagarde said the president’s reform push could have a positive impact across West Africa.

“His determination to bring about transparency and accountability at all levels of the economy were very important agenda items and very ambitious goals that need to be delivered upon”, Lagarde told State House correspondents.

Buhari, who presented his first budget christened “budget of change” before a joint session of the National Assembly last month, based it on a crude oil benchmark of $38 per barrel but a low decline in the price of oil in the international market (below the benchmark), is threatening the implementation of the 2016 Appropriation Bill.

With a record budget for 2016 – N6.08 trillion – forecasting a doubling of the deficit to 2.2 trillion naira ($11 billion) and a tripling of capital expenditure intended to help stimulate the economy, Ms. Lagarde proposed that other revenue sources be explored in order to make up for the shortfall as a result of oil price decline.

The IMF boss said she discussed the challenges posed by the falling oil price with President Buhari and the need for fiscal discipline.

“The short term fiscal situation… requires that revenue sources be identified in order to compensate the shortfall resulting from the oil price decline”, she added.

Later, the IMF Managing Director posted a tweet using her verified Twitter handle @Lagarde to express how impressed she was with government’s response to challenge of sustained, low oil prices.

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Place your bet in Nigeria only on 1xBet on the most popular matches and win

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The current Champions League season has already brought a lot of sensations, but there was no
intrigue in the first semi-final. PSG confidently took on RB Leipzig 3-0 and reached the
tournament final for the first time in its history. You should bet in Nigeria only on 1xBet.ng to
get the best conditions for earning money and numerous bonuses for active gambling.

Before the game began, it was already clear from the RB Leipzig players’ emotions that they
were not confident in their victory. The PSG players’ mood demonstrated the contrary. At the
very beginning of the game, the Parisians began to attack the opponent’s goal, with Neymar
keeping wasting his chances. PSG fans were pleased with Kylian Mbappe joining the game,
which significantly sharpened the team’s attack. However, the hero of the game was not the
Frenchman, but Angel Di Maria, who scored a goal and gave two assists. Only on 1xBet, you
should bet in Nigeria to get plenty of benefits from the best bookmaker on the market.

  1. RB Leipzig demonstrated no satisfactory game, which may have been affected by the following
    factors:
    1. Absence of Timo Werner. Of course, the German wanted to finish the season quickly to
    start a successful career with Chelsea, but he could also help the former team in difficult
    times.
  2. The tactic was too risky. 3-4-3 with a smooth transition to 3-5-2 is not the best solution
    against attacking PSG. This largely affected the result. Cool live casino on 1xBet.ng has a
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  3. Poor leaders’ game. Sabitzer looked lost on the field, Poulsen wasn’t visible either. The
    fans could only see Upamecano’s efforts, but the defender alone couldn’t withstand one
    of the best attacks in the world.

It is also worth mentioning the game of PSG. The Parisians played a great match and deserved to
qualify for the final.

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PSG is performing well this season. Profitable 1xBet sport betting brought considerable profit to
all the bettors who bet on the Parisians. But we should mention RB Leipzig as well. The
Germans have had a great season and surprised many fans.

This success is attributed to the head coach Julian Nagelsmann, who seems to remain with the
team for at least another season. The specialist asked the management to buy several forwards
and a defender, and also insisted that Dayot Upamecano remained at the club. Profitable sport
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The Bundesliga is to start soon, so RB Leipzig should do its best on the transfer market and have
a good pre-season preparation to improve the team’s results.

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#EndSARS: Dino Melaye Laments Over Shooting Of Protesters In Lekki

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Dino Melaye
#EndSARS: Dino Melaye Laments Over Shooting Of Protesters In Lekki

Dino Melaye

Former lawmaker, Senator Dino Melaye has reacted to the shooting of #EndSARS protesters at the Lekki Toll Gate in Lagos by soldiers on Tuesday night.

Recall that on Tuesday evening, protesters at the Lekki ground came under heavy fire by the military.

Also Read: Reveal Soldiers Who Shot At Lekki #EndSARS Protesters, NBA Tells Military

Bullets fired by military personnel hit some persons and at least one person has been reported dead and many injured.

Reacting to the development, the former lawmaker from Kogi State expressed that he was having a sleepless night.

Melaye in a Twitter post went on to describe the incident as a massacre.

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Stop killing Nigerians – Hilary Cliton tells Buhari

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Stop killing Nigerians – Hilary Cliton tells Buhari

Former United States presidential candidate, Hilary Clinton, has called on President Muhammadu Buhari and the Nigeria Army to stop the killing of peaceful #EndSARS protesters calling for reforms in the police.

Recall that the #EndSARS protesters, who had been holding forth at the Lekki Toll Gate in Lagos, were shot at on Tuesday night, shortly after Governor Babjide Sanwo-Olu declared a 24-hour curfew.

Many were hit by bullets, others injured with reports of deaths.

Reacting to the latest development, Hilary, the wife of former US President Bill Clinton, called on President Buhari and the army to stop the killing of young #EndSARS protesters.

With this, Clinton joins a growing list of foreign stars and other VIPs that have expressed support for the campaign.

Her tweet read: “I’m calling on @mbuhari (President Muhammadu Buhari) and the @hqnigerianarmy (Nigeria Army) to stop killing young #EndSARS protesters.

“#StopNigeriaGovernment.”

The reactions have been pouring in, with many thanking her for lending her voice .

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