IMF ATTRIBUTES NIGERIA’S SOCIAL PROTEST TO ECONOMIC DIFFICULTIES

IMF ATTRIBUTES NIGERIA’S SOCIAL PROTEST TO ECONOMIC DIFFICULTIES

The International Monetary Fund (IMF) has attributed the recent Nigeria’s social protest, (EndSARS) to economic difficulties, saying that conditions in Nigeria for the last four years have been very difficult in the wake of the decline in oil prices in 2015-16. “Since then, their growth has been quite anemic ” Abebe Aemro Selassie , Director, African Department, IMF said on Thursday during the October 2020 Sub-Saharan Africa Regional Economic Outlook Press Briefing, on the sidelines…

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PROTEST ERUPTS AFTER GOVT. FAILED PROMISE IN SA

PROTEST ERUPTS AFTER GOVT. FAILED PROMISE IN SA

Houseowners has protest over government failed promise to build the RDP homes. Residents was asked to demolished the structures built in 1998 after government promise to rebuild the homes. But after waiting for so long they decided to protect about the delay. Since the structure was domolished early this year, nothing has happened due to the Covid-19 and a legal issue with one of the building contractors. The protest which started on tuesday saw Dozens…

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SOUTH AFRICA DECLINES ZIMBABWE US$1.2 BILLION LOAN REQUEST

SOUTH AFRICA DECLINES ZIMBABWE US$1.2 BILLION LOAN REQUEST

Zimbabwe’s US$1.2-billion loan request rejected; South Africa says it doesn’t have “that kind of money” A spokesman for the finance ministry in South Africa today said , South Africa rejects the request from its neighboring country Zimbabwe for US$ 1.2 billion loan.   The national spokesman Jabulani Sikhakhane said, “South Africa did not have that kind of money”. Zimbabwe’s governments have hoped the loan could have help to stabilize the economy and maybe even resolve…

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U.S., U.K. SPEAKS AGAINST THE CLAMPDOWN OF A PEACEFUL PROTEST BY DR CONGO

U.S., U.K. SPEAKS AGAINST THE CLAMPDOWN OF A PEACEFUL PROTEST BY DR CONGO

  U.S., U.K. condemns the crackdown of protest by DR Congo The United State and United Kingdom in a joint statement to Democratic republic of Congo (DRC), they said that “The use of disproportionate and lethal force against Congolese citizens and the cutting of internet and SMS services breached assurances from the DRC Presidency that security forces had been instructed to protect the fundamental rights of citizens while maintaining public order.”   The statement also showed…

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