NEWS: NIGERIA - Poverty, unemployment remain Nigeria’s headache –IMF MD

Managing Director of International Monetary Fund (IMF), Ms Christine Largarde yesterday said in spite of the efforts of the government to keep the economy afloat, poverty, inequality, and unemployment levels still remain too high in addition to the challenge of Boko Haram insurgency.
Largade said this as she left Nigeria to Cameroun to continue her working visit to that country.

“Poverty, inequality, and unemployment levels remain too high, in addition to the challenge of Boko Haram insurgency. Nigeria also has to deal with the difficulties presented by falling oil prices, reduced emerging market demand, and tightening global financial conditions. This has led to sharply lower export earnings and government revenues. The non-oil sector has also been affected and financing for investment is hard to come by.


“In my meetings with the authorities, we discussed how to maintain economic progress while making the transition towards more inclusive and sustainable growth.
Meanwhile, the Federal Government yesterday promised to mobilise key ministries like Health, Education, Employment, Labour and Productivity to put in place various facilities needed in the Internally Displaced Persons’ (IDPs) camps to ameliorate pains of the inmates in the camps.
Speaking when the management of Federal Inland Revenue Service (FIRS) donated materials worth millions of naira to the IDPs camp in Abuja, Minister of Finance, Mrs Kemi Adeosun, said this was necessary in view of the needs of the displaced persons who had earlier complained of lack of facilities in the camp.


The minister, who spoke through a Director in the ministry, Lara Shuiabu Hassan, expressed gratitude to the management of the FIRS, led by its Chairman, Babatunde Fowler, and called on other corporate entities to come to the aid of the IDPs, as government cannot do it alone.
Coordinator of the Durumi IDPs camp in Abuja, Idris Ibrahim Halilu, expressed gratitude to the Federal Government, the FIRS, and other organisations that have impacted on the lives of the victims of Boko-Haram insurgency for the provision of their daily needs.

According to him, such gestures should not be left in the hands of government alone. He noted that the number of the IDPs recently increased and that some of them had already spent about six years there, a situation, he said was uncomfortable for them.
Halilu told the Federal Government to deploy all the resources gathered by the T. Y. Danjuma Foundation and other organisations so that they will be able to return to their original homes.

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