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IMF states position on Nigeria’s border closure

IMF states position on Nigeria’s border closure The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade. Mr Abebe Selassie, the Director of the African Department at the IMF, gave the position at a media briefing on the sidelines of the World Bank/IMF Annual Meetings in Washington. He was responding to a question on weather the closure negates the African Continental Free Trade Agreement (AfCFTA). Selassie said although free trade was critical to economic growth of the continent, it must be legal and in line with agreements. ”On the border closure in Nigeria which has been impacting Benin and Niger, our understanding is that the action reflects concerns about smuggling that has been taking place. “It is about illegal trade, which is not what you want to facilitate,’’ Selassie said. He said the IMF was hoping for a speedy resolution of the issues as the action was alre...

Border Closure: IMF backs Nigeria, urges speedy resolution of issue

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Border Closure: IMF backs Nigeria, urges speedy resolution of issue  The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade. Mr Abebe Selassie, Director of the African Department at the IMF (right) with Ms Meera Louis, a Communications Officer at the Fund, during the media briefing. Photo: NAN Mr Abebe Selassie, the Director of the African Department at the IMF, gave the position at a media briefing on the sidelines of the World Bank/IMF Annual Meetings in Washington. He was responding to a question on whether the closure negates the African Continental Free Trade Agreement (AfCFTA). Selassie said although free trade was critical to the economic growth of the continent, it must be legal and in line with agreements. `On the border closure in Nigeria which has been impacting Benin and Niger, our understanding is that the action reflects concerns about smuggling that has been ta...

Why Nigeria is borrowing fresh $3bn from World Bank —Ahmed

Why Nigeria is borrowing fresh $3bn from World Bank —Ahmed Ifeanyi Onuba, Washington DC The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said the $3bn loan being sought by the Federal Government from the World Bank would be deployed for reforms in the power sector. She said this during an interview with journalists on the sidelines of the World Bank/International Monetary Fund meetings holding in Washington DC, United States. Ahmed, who is leading the Federal Government’s delegation to the meeting said she would be holding further discussions with the management of the Bank to present how the fund would be disbursed for the project. She said based on the plan of the Federal Government for the power sector, the loan would be used for the development of transmission and distribution networks to enhance the delivery of electricity. READ ALSO:  Alleged destruction of evidence: Court dismisses Metuh’s no-case submission Ahmed also said the ...

Buhari orders forensic audit of NDDC activities

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Buhari orders forensic audit of NDDC activities President Muhammadu Buhari on Thursday ordered a forensic audit of the operations of the Niger Delta Development Commission (NDDC) from 2001 to 2019. The President was worried by the persistent criticisms of the operations of the NDDC. Buhari gave the directive while receiving governors of the states that make up the Commission led by Governor Seriake Dickson of Bayelsa State. In a statement by the Special Adviser on Media and Publicity, Chief Femi Adesina, Buhari said what is on the ground in the South south region does not justify the huge resources that have been made available to the organisation. “I try to follow the Act setting up these institutions especially the NDDC. With the amount of money that the Federal Government has religiously allocated to the NDDC, we will like to see the results on the ground; those that are responsible for that have to explain certain issues. “The projects said to have been done must be...

10 Healthy Lifestyle Tips for Adults

10 Healthy Lifestyle Tips for Adults Eat a variety of foods Base your diet on plenty of foods rich in carbohydrates Replace saturated with unsaturated fat Enjoy plenty of fruits and vegetables Reduce salt and sugar intake Eat regularly, control the portion size Drink plenty of fluids Maintain a healthy body weight Get on the move, make it a habit! Start now! And keep changing gradually. 1. Eat a variety of foods  For good health, we need more than 40 different nutrients, and no single food can supply them all. It is not about a single meal, it is about a balanced food choice over time that will make a difference! A high-fat lunch could be followed by a low-fat dinner. After a large meat portion at dinner, perhaps fish should be the next day’s choice? Top of the page 2. Base your diet on plenty of foods rich in carbohydrates About half the calories in our diet should come from foods rich in carbohydrates, such as cereals, rice, pasta,...

Eating a healthy diet may obliterate depression within weeks

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Eating a healthy diet may obliterate depression within weeks Brittany A. Roston  -  Oct 10, 2019, 3:45 pm CDT A number of studies over the years have linked healthy diets with lowered odds of developing depression, but the relationship between what we eat and how we feel hasn’t been fully explored. Here to expand upon that work is a study recently published in  PLOS , where researchers detailed their work on assessing whether improving a depressed person’s diet may decrease the severity of their depression. The study was led by Heather Francis of Macquarie University in Australia; it was relatively small, involving a total of 76 college students ages 17 through 35. All of the participants showed symptoms indicative of mild-to-severe depression at the start of the study. All of the participants also consumed poor diets at the time, meaning ones high in sugar, saturated fat, and processed food. As part of the work, the students were split into two group...

Gov Ayade enrolls in UNICAL for another degree

Gov Ayade enrolls in UNICAL for another degree  - The Cross River state governor, Ben Ayade, is now a student of the University of Calabar after enrolling for a Masters Degree (LLM) in the institution’s Faculty of Law - After obtaining a BSc from AAU, Ekpoma and a PhD from UI, Ayade went back to study for a law degree and subsequently attended Law School - One of the governor’s current lecturers is a former member of the state House of Assembly who has since returned to the classroom, Jake Otu Enya The Cross River state governor, Ben Ayade, is now a student of the University of Calabar after enrolling for a Masters Degree (LLM) in the institution’s Faculty of Law. The governor attended lectures on Thursday, October 10 for over four hours and did assignments like other students, Daily Trust reports. Legit.ng gathers that Ayade began his primary education at St. Stephens Primary School, Obudu and proceeded to Government Secondary School, Obudu for his secondary education.  ...