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Hardship: Okonjo-Iweala Advises Tinubu to Provide Social Safety Nets for Poor Nigerians
The Director General of World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has called on the Federal government to put social safety nets in place for poor Nigerians who are feeling the pains of President Bola Tinubu’s economic reforms.
Okonjo-Iweala stated this on Thursday after a meeting with the president at the Aso Villa in Abuja.
Though she commended the president for the economic reforms including petrol subsidy removal and the unification of the foreign exchange windows, the former Nigerian finance minister said the government must put social safety nets in place for poor Nigerians to cope with the economic hardship occasioned by the government’s reforms.
In a chat with journalists after her meeting with the president, the WTO boss said: “We think that the President and his team has worked hard to stabilised the economy. You cannot really improve an economy unless it is stable. So, he has to be given the credit for the stability of the economy. The reforms have been in the right direction.
“What is needed next is growth; we now need to grow the economy and we need to put in social safety nets so that people who are feeling the pinch of the reforms can also have some supports to weather the hardship. That’s the next step.”
Tinubu, who launched a string of economic reforms when he assumed office in May 2023, has come under heavy criticisms in over two years, as many Nigerians have attributed soaring food inflation and skyrocketing cost of living to majorly his removal of petrol subsidy and the unification of foreign exchange windows.
Angry citizens have held a number of rallies to protest the hardship faced by the middle class and ordinary citizens in the last two years, the most prominent of them being the hunger protests or #EndBadGovernance demonstrations of August 2024.
The Nigerian president’s meeting with Okonjo-Iweala came two weeks before the expiration of her first term as WTO boss on August 31, 2025, and the commencement of her second term on September 1, 2025.
The renowned development economist and global finance expert made history in 2021 as the first African and first woman to lead the 164-nation-member WTO.
The WTO boss, who was in company of Trade Minister Jumoke Oduwole, also briefed the president on the progress made on the Women’s Exporters’ Fund for the digital economy.
Okonjo-Iweala said, “We came to brief him about something very joyful that we did today with the help of the first lady.
“We launched a Women’s Exporters’ Fund for the digital economy. This is a fund that is jointly managed by the World Trade Organisation and the International Trade Centre and support women to weather the storms of the economy and create jobs for themselves.
“It is part of the thinking of social safety net and what we can do to support Nigerian women to contribute more to the economy and to themselves.
“Nigeria competed and one, one of four countries that won globally to be part of this initiative.
“We have 67,000 Nigerian women who applied for this and 146 of them won and they are going to have money disbursed directly to them.
“16 of them won what we called the Booster Track; those who already have businesses but their businesses would be scaled up. They would receive technical and business supports from the WTO and the ITC for 18 months.
“Another 100 would get $5,000 each to start and strengthen their businesses, with 12-month reforms.”
Former US Vice President Kamala Harris said in a British television interview previewed Saturday that she may “possibly” run again to be president.
Harris, who replaced Joe Biden as the 2024 Democratic presidential candidate but lost to Donald Trump, told the BBC that she had not yet decided whether to make another White House bid.
But the 61-year-old insisted she was “not done” in American politics and that her young grandnieces would see a female president in the Oval Office “in their lifetime, for sure”.
“I have lived my entire career a life of service, and it’s in my bones, and there are many ways to serve,” Harris told the British broadcaster in an interview set to air in full on Sunday.
“I’ve not decided yet what I will do in the future, beyond what I am doing right now.”
The comments are the strongest hint yet that Harris could attempt to be the Democratic Party nominee for the 2028 election.
The interview follows the release of her memoir last month in which she argued it had been “recklessness” to let Biden run for a second term as president.
She also accused his White House team of failing to support her while she was his deputy, and at times of actively hindering her.
President Bola Ahmed Tinubu has made changes in the hierarchy of the Service Chiefs in furtherance of the efforts of the federal government of Nigeria to strengthen the national security architecture.
The President appointed General Olufemi Oluyede to replace General Christopher Musa as the new Chief of Defence Staff.
The new Chief of Army Staff is Major-General W. Shaibu. Air Vice Marshall S.K Aneke is Chief of Air Staff while Rear Admiral I. Abbas is the new Chief of Naval Staff. Chief of Defence Intelligence Major-General E.A.P Undiendeye retains his position.
The President expressed appreciation to the outgoing Chief of Defence Staff, General Christopher Musa and the other Service Chiefs for their patriotic service, and dedicated leadership.
The President charges the newly appointed Service Chiefs to justify the confidence reposed in them to further enhance the professionalism, vigilance and comradeship that define the Armed Forces of Nigeria.
All appointments take immediate effect, Special Adviser to the President
Media and Public Communication, Mr Sunday Dare, said in a statement in Abuja.
The Federal High Court in Abuja has adjourned the trial of the detained leader of the Indigenous People of Biafra, Nnamdi Kanu, till Monday, October 27, to enable him to open his defence in the terrorism charges filed against him.
Justice James Omotosho fixed the new date on Friday, after Kanu informed the court that his former legal team, led by former Attorney General of the Federation and Minister of Justice, Chief Kanu Agabi (SAN), had yet to release his case file to him.
At the resumed hearing, Adegboyega Awomolo (SAN) appeared for the Federal Government and reminded the court that the matter was fixed for Kanu to begin his defence as earlier directed.
However, no counsel represented Kanu.
He pleaded for an adjournment to allow him to retrieve and study the file to prepare adequately for his defence.
He said, “My lord, my counsel left the case yesterday, and I have not received the file from them.”
He also informed the court of his intention to call 23 witnesses, both local and foreign, and requested an order directing the Department of State Services to allow his foreign witnesses access to him.
Additionally, he sought permission for his lawyers to visit him on non-working days — a request Omotosho granted.
Counsel to the Federal Government, Awomolo, however, described Kanu’s complaint as “strange”, noting that the defendant had spent hours in court with his former lawyers. He further urged the court to strictly enforce its earlier directive giving Kanu six days to open and close his defence.
The prosecution said, “I’m aware that there is a standing order for the defendant to defend himself within six days. The defendant wasted yesterday. This is the second day, my lord. I urge your lordship to keep to the standing order of the number of days given to the defendant,” Awomolo said.
In his ruling, Omotosho said while Kanu’s claim about the withheld case file was “strange and difficult to believe”, he would still grant a short adjournment in the interest of justice.
The judge cautioned against unnecessary delays, stressing that several other cases had been affected by the protracted proceedings.
The matter was subsequently adjourned to Monday, October 27, for Kanu to open his defence.
