NewStats: 3,264,710 , 8,184,473 topics. Date: Thursday, 12 June 2025 at 06:58 AM 36643u

Against the backdrop of frustrations faced by the general public in Nigeria and some other Sub-Saharan African countries undergoing economic reforms, the International Monetary Fund, IMF, has rolled out a set of recommendations on how to make the reforms acceptable and ed by the citizens.


The IMF, in its latest Regional Economic Outlook for Sub-Saharan Africa report, noted that the countries involved in deep reforms including Nigeria, Ghana, Ethiopia and Kenya, may now be experiencing what it called ‘adjustment fatigue’ while some are facing civil resistance.

Nigeria, for instance, has recorded multiple civil unrests and labour shutdowns following disenchantment with the impact of the macroeconomic reforms, especially in petrol and foreign exchange deregulations.

The IMF’s recommendations emphasized broad-based engagement with the populations, a communications strategy clearly articulating the benefits of reform, forging partnerships with key figures in the country, appropriate design and sequencing of reforms, establishing complementary and compensatory measures, and fostering inclusive growth.

The Fund sees an opportunity for making a success of the reforms if the frustrations faced by the citizens are adequately addressed.

The report stated: “In the face of popular frustration, there is also an opportunity to work to mobilize for large, deep reforms, of the sort that, for instance, Ethiopia, Ghana, Kenya, and Nigeria are pursuing.


“Realizing this opportunity requires rethinking reform strategies, to build and maintain pro-growth coalitions among constituent leaders and the general public. This will require greater attention to communication and engagement strategies, reform design, compensatory measures, and rebuilding trust in public institutions”.

Giving further details on what should be done, the report stated: “In particular, policymakers will need to focus on broad-based engagement with populations; a participatory approach, involving a two-way dialogue with stakeholders and the population at large, can help design policy approaches; building a sense of ownership among the public, and garner from both business and civil society”.

IMF added, “Communications should clearly articulate the benefits of reform, the costs of inaction, the accompanying compensatory measures, and correct misinformation and misperceptions.


“Partnering with key figures including parliamentarians, community leaders, and independent researchers is also essential. The emphasis should be on listening to concerns and deg appropriate responses. Providing regular updates on reform progress, and establishing ongoing mechanisms, will help maintain over time.

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“Appropriate design and sequencing of reforms; the costs and benefits of multiple reforms should be appropriately spaced through time so as not to overburden populations. Demonstrable, upfront gains will boost , and beginning with reforms that do not threaten the core benefits of multiple social groups has been shown to improve success.

“Complementary and compensatory measures; Appropriately designed and well-targeted policies to those most affected by reforms (such as stronger social safety nets, job search assistance, and retraining) can help overcome resistance to reform by mitigating potential social costs.

“Fair and transparent management of public resources; A strong governance framework that fosters trust in government and in its ability to adequately implement policies—including by promoting transparency, increasing ability, strengthening the rule of law, and controlling corruption—is a precondition for public backing of any reform strategy.

“Opinion surveys indicate that trust in the government’s ability to use public resources to promote the population’s well-being is still relatively low in many sub-Saharan African countries


“Fostering inclusive growth; As painful as the current policy choices are, deeper and broader reforms will be required to guarantee that countries reap the gains, and not just the pain, of reform. Most of the region is struggling with low growth, lack of jobs, and widespread social exclusion. Unlocking more durable and inclusive growth, by making the economy work more effectively for all, will simultaneously reduce both macroeconomic vulnerabilities and social frustration, easing the task of policymakers”.

The Regional Economic Outlook is the IMF’s regular update on the group of economies within the region addressing challenges and the growth opportunities.

https://www.vanguardngr.com/2024/11/rethink-reform-strategies-imf-advises-nigeria/

As long as you keep your phony loans.
🖕🖕Sticky fingers to IMF.

I diss IMF with "Leave Me Alone" Part 2 by Cam'ron.
Great jam!

These are not reforms; these are wicked and draconian pronouncements and decisions masquerading as reforms, unleashed to inflict severe pain, untold hardships, and starvation on Nigerians.

We were warned.

God bless President Bola Ahmed Tinubu

God bless Nigeria.

Tinubu knew nothing next to governance. In any reform, it's always a process with a alternative plans or what many termed Plan B. It's never a one way traffic that once embarked it cannot be reversed.

Any reform that'll make any positive impact must first have a plan, where the pros and cons a deeply considered, and an escape route clearly mapped in case of failure.

But Tinubu clearly is not reforming anything. He is clearly on a destructive mission. A sort of vendetta.

Deploying IMF & World Bank advises is like utilising the advise from your spouse concubine on how to manage your home.

Reforms only focused on the masses, policies directly hitting the mases, private businesses and not on the government's operations and public funds allocation, spending, management, ability, transparency and corruption? FG and IMF are just fooling themselves with fake reforms when the government is not reformed.

Hmmmmm, warnings and complaints everywhere

IMF kept goading the disastrous government to its disastrous ending. They can't give you what would profit you but rather exploit you.

It's our turn, it's the yorubas turn, no advise is needed from ingates.
Leave us to work for the people.
If you don't in Nigeria, kindly relocate to Burundi or Malawi

Wetin we know..

If we talk now .. this same thing .. they go rush insult person with abuses and curse
Make we leave Yoruba for Yoruba

It's like IMF don't know that the Nigerian president is a cocaine sniffing druglord, who believes thuggery & agberos are the way 4wd.
He can't do reform, it's not drug related not thug based.

Ovation is Over. The truth is this is clueless govt

IMF

Advice that doesn't consider Nigerian Factors. Whether due reduced purchasing power or productivity or low exchange rate,export is higher than imports but Value of Foreign Currency kept going up.

What are we buying from the informal route. CORRUPTION OR POLITICS.

Has IMF recommendations developed any country in Africa before?

Smart! It will secure the loan transactions with Nigeria. In any event, it is the way to go. Tinubu stampeded Nigerians and shoved the reforms down the throat of the citizens. Best for him to have educated the people who will bear the brunt when the rubber hits the road. That is the opportunity to tell the people that we have collectively mismanaged our economy and that corruption and vote buying that resulted in kakistocracy are the reasons for the sick economy and should be avoided going forward.

Jennifer Lopez Performs In Riyadh, Saudi Arabia's Fashion Show

https://nairaland.macsoftware.info/8271000/jennifer-lopez-performs-riyadh-saudi#132939696

IMF is an IPOB organization. They are enemies of the country, Tinubu should arrest them all

-Yarimo a.K.a helinuee.

Hunger don send the famous vulture suya seller "MANNABBQGRILL" into hiding.

D

PressMyButton:
God bless President Bola Ahmed Tinubu

God bless Nigeria.

Stupidity at it's peak..if the pain no touch you, no mean say e no go touch your relatives.

Bobloco:
These are not reforms; these are wicked and draconian pronouncements and decisions masquerading as reforms, unleashed to inflict severe pain, untold hardships, and starvation on Nigerians.

We were warned.

For the last time , he was not voted for.

They left out nepotism and incompetence. The two biggest impediments to any hope of progress by this utterly corrupt regime.

Stupid institutions going back a and forth

Stupid institutions going back a and forth

Confused set

Imf + tpain = quack economic doctors using Nigerians as experimental lab rats.

This yeye IMF just dey advice and counter advice on this T-Pain induced Tinubulation.
Where exactly are they standing on?

This is what Nigerians of sane mind have been saying but the arrogant Tpain and his evil ers won't listen

Cc

Helinues

IMF has been given them gbas gbos and unlimited woto woto, but because their mouth is full with IMF's balls they can't say shiit.

Talk na and let cut off all your subsequent loan requests.

If it were to be another person that said half of what IMF has said so far, they'd roasted that person, even here on Nairaland, their urchins would have been bleating here and there like a goat on heat period

PressMyButton:
God bless President Bola Ahmed Tinubu

God bless Nigeria.

An October news....delusion promax.

These people self