Tag: Jimoh Ibrahim

Senator Jimoh Ibrahim has drawn the attention of the International Monetary Fund (IMF) to the possible negative impression of what he described as unfair comments by the international agency on the Nigerian economy.

Ibrahim and Chairman, Senate Committee on Finance, Senator Sani Musa, represented Nigerian Senate at the World Bank Parliament in Washington, D.C.

In his contributions to a presentation to the parliamentarians by the IMF Managing Director, Kristalina Georgieva, Ibrahim challenged IMF’s recent remarks on Nigeria’s economy as unfair, with a possibility to create wrong impression about the successes of the ongoing reforms by the Nigerian economy.

He said that while IMF advocates for reforms and recognises national peculiarities, the international agency’s review of the Nigerian economic macroeconomic reforms fell short of such a holistic perspective.

According to him, the President Bola Tinubu-led administration has been implementing courageous reforms that deserve supports and encouragements.

He pointed out that there are several tangible data now showing the gains of such reforms, which have been acknowledged by several reputable domestic and international organisations.

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Ibrahim highlighted that the international community needs to acknowledge Tinubu’s initiatives, especially concerning tariff regulation, the ratio of GDP to revenue, cash flow management relative to GDP, and debt repayment.

He added that Tinubu’s achievements should be considered a success for Africa, warranting worldwide support.

“Madam IMF, in recent weeks, the IMF has criticised the Nigerian reform program with negative comments that lack supporting data. Do you believe this is fair? Suppose we are to look inward to build a strong economy, as you suggested in your paper. Is it appropriate for the IMF to make untruthful comments about the domestic economy? Is the IMF the entity managing the economy?” Ibrahim said.

Ibrahim noted that misleading statements harm economy and could create instability in domestic management.

In response to Ibrahim’s comments, the IMF Managing Director expressed regret over the organisation’s unfavourable remarks.

“We shall be mindful of our comments on Nigeria from now on. We are your IMF; we are sorry again,” Georgieva said.

Ibrahim acknowledged the important roles of the IMF and commended the straightforward comments of the IMF Managing Director, accepting her apology on behalf of the nation.

Senator Jimoh Ibrahim has taken a seat as a member of the University of Cambridge Senate in the United Kingdom.

He is expected to cast his vote in the proposed election for the next Chancellor scheduled for this year’s summer.

The university’s Returning Officer, Emma Rampton,  communicated the information to Ibrahim last week.

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The Senate has served as the governing body of the university since 1926, although it was established in 1209.

Members of the Senate enact ordinances that regulate their procedures. The Regent House may also delegate other executive and administrative duties to them or assign these duties by statute. Also, the Senate advises the Regent House on matters of general concern to the university.

 Ibrahim, who represents Ondo North  in the Senate, was the first to earn a Doctorate in Business since 1209, the year the institution was founded. He attended Churchill College at the university.

Ibrahim graduated from the University of Oxford with a Master’s degree in a Mega Programme, earned a BSc in International Relations from the University of London, received a degree from Harvard Law School, and obtained another doctorate from the University of Buckingham.

The senator is expected to serve in the Senate for life.

Senator Jimoh Ibrahim has advised new graduates of universities to pursue post graduate studies in order to enhance their knowledge capacities.

Delivering a convocation lecture at Buckingham University in London on Friday, Ibrahim, who represents Ondo South Senatorial District in the Senate, said that doing so will equip them with the knowledge and skill to address pressing complexities of today’s world.

“In contemporary times, developing knowledge capacity must be an integral part of your strategic plan to return to the university as soon as possible to complete your master’s and doctoral degrees,” he said.

He advised young graduates not to wait until circumstances compel them, adding that it is “crucial to act urgently to master your subject area and foster more significant innovation.”

“Returning to the university for further knowledge is inevitable unless you can provide alternatives to university education,” he admonished the graduating students.

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Senator Ibrahim added: “The global economy is grappling with challenges from America’s £35.4 trillion debt (121% debt-to-GDP ratio) raising concerns about inflation.

“The UK’s national debt reached £2.77 trillion in September 2024 (95%debt- to-GDP). Meanwhile, China’s debt totals $16.637 billion (90.1% debt- to – GDP).

“A changing world is inevitable and high levels of debt hinders growth.

“We eagerly anticipate your contributions in utilising your newfound knowledge to address pressing complexities, and we advise you to proceed with guidance.

“Education should be organised within this framework as swiftly as possible, and the university will provide the best solution for our development.”

He charged the graduands to set goals and visions but advised that they need sound knowledge to actualise their visions.

 “Is your vision well conceived? Is your knowledge capacity sufficient to support your vision? Is your vision rooted within the ecosystem, or will you reshape the ecosystem with your vision?” Senator Ibrahim asked.

He advised them to know themselves and refrain from acting until they genuinely understand who they are.

“I must emphasise that leadership begins with self- awareness. Who are you and what are your predictable behaviours?

“From tomorrow morning, the foundation of your new life will rest on a vital self-assessment of your qualities,” he added.

The Chairman, Senate Committee on Inter-Parliamentary Affairs, Senator Jimoh Ibrahim (APC – Ondo South), has advised parliaments globally on the need for supportive budgets for ministries of Defence in their various countries.

Senator Ibrahim, who gave the advice during his presentation on power and insecurity at the just-concluded 150th Inter-parliamentary Meeting in Uzbekistan, said the supportive approach on annual budgeting for ministries of Defence has become necessary globally to stem the tide of insecurity in many countries.

He said: “The central question for governments and security agencies should be: security for whom, when, and how?

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“Addressing power and insecurity issues alongside their ecosystems is key to the security of the geocentric system.”

He averred that government’s failure to address poverty effectively will further exacerbate insecurity in any society, requiring courage in that respect to address the flip side of fear among citizens and failing systems.

The Senator, who holds a doctorate degree in modern warfare, added that when Parliament functions as an oversight entity, examining security expenditures, it might inadvertently foster insecurity which, according to him, requires adoption of collaborative and supportive approaches as far as annual budgets for Ministries of Defence are concerned globally.

He stressed further that the key concern for parliaments globally should be efficient system and process creation and management in fighting fraud related to security spending.

The chairman, Senate Committee on Inter-Parliamentary Affairs, Senator Jimoh Ibrahim (APC-Ondo South), has tasked parliaments globally on the need for supportive budgets for Ministries of Defence in their various countries.

Senator Ibrahim, who gave the advice during his presentation on power and insecurity at the just-concluded 150th Inter-Parliamentary Meeting in Uzbekistan, said the supportive approach on annual budgeting for Ministries of Defence has become necessary globally to stem the tide of insecurity in many countries of the world.

According to him, “The central question for governments and security agencies should be: security for whom, when, and how?

“Addressing power and insecurity issues alongside their ecosystems is key to the security of the geocentric system.”

Read Also: Jimoh Ibrahim lists Tinubu’s role in strengthening foreign policy

He averred that government’s failure to address poverty effectively will further exacerbate insecurity in any society, requiring courage in that respect to address the flip side of fear among citizens and failing systems.

“Life is increasingly tricky amid this struggle, yet we still maintain a defence structure. It is only a matter of time before one of these emotions – fear or courage – prevails.

“I saw fear within government leadership, leading to unprecedented crises and heightened insecurity,” he said.

The Senator, who holds a doctorate in modern warfare, added that when Parliament functions as an oversight entity examining security expenditures, it might inadvertently foster insecurity, which, according to him, requires the adoption of collaborative and supportive approaches as far as annual budgets for Ministries of Defence are concerned globally.

He stressed further that the key concern for parliaments globally should be efficient system and process creation and management in fighting fraud related to security spending.

President Bola Ahmed Tinubu’s respect for national sovereignty accounts for the effectiveness of Nigeria’s foreign policy, Chairman of the Senate Committee on Inter-Parliamentary Committee Jimoh Ibrahim, has said.

The Ondo South senator made the assertion at the 150th General Assembly of the Inter-Parliamentary Union (IPU) in Tashkent, Uzbekistan.

He cited Niger as a unique example where President Tinubu prioritised national interest above all in the face of provocation as chair of the Economic Community of West African States (ECOWAS).

The senator said that the Tinubu combines the leadership quality with his commitment to liberalism and promoting peaceful democratic relations among nations.

He highlighted President Tinubu’s commitment to collaboration and cooperation in governance, particularly challenging times.

Read Also: Jimoh Ibrahim lists Tinubu’s role in strengthening Nigeria’s foreign policy at IPU Assembly

He elaborated on how the collaboration between the executive and the legislature has reduced conflicts within the government.

According to Ibrahim, separation of powers is not entirely absolute in a geocentric governance model, primarily illustrated in Britain, stating that sovereignty is not hypocritical.

He explained that “no nation can be fully sovereign because no country has complete control over everything, such as the regulation of emails.

“However, mutual respect is essential for building democracy. Through incorporation and collaboration, we can develop.”

Ibrahim stated that President Tinubu’s Renewed Hope Agenda (RHA) signifies that the three branches of government will collaborate under his leadership to establish effective governance.

“Given that we are not in a conflict zone, there is no justification for any disagreement between these branches of government!

“To foster democratic goodwill and eliminate poverty, President Tinubu’s reforms aim to address the interconnected challenges that impede a harmonious atmosphere among government officials and policies.”

…says president has respects for sovereignty

The Chairman of the Senate Committee on Inter-Parliamentary Affairs, Senator Jimoh Ibrahim, has stated that President Bola Ahmed Tinubu’s respect for national sovereignty is a key factor in the effectiveness of Nigeria’s foreign policy, especially in these challenging times.

Senator Ibrahim made the statement at the 150th General Assembly of the Inter-Parliamentary Union (IPU) in Tashkent, Uzbekistan, where he cited the situation in Niger as a prime example. 

He emphasized that President Tinubu’s leadership in ECOWAS demonstrated his commitment to national interest, prioritizing it above provocation.

Ibrahim further praised President Tinubu for combining strong leadership with a dedication to liberalism and fostering peaceful democratic relations among nations.

He highlighted President Tinubu’s commitment to collaboration and cooperation in governance.

He elaborated on how the strong connection between the executive branch and the Nigerian Parliament helps reduce conflicts within the government.

Ibrahim pointed out that the separation of powers is not entirely absolute in a geocentric governance model, primarily illustrated in Britain.

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Senator Ibrahim stated that sovereignty is not hypocritical.

He explained that “no nation can be fully sovereign because no country has complete control over everything, such as the regulation of emails.

“However, mutual respect is essential for building democracy. Through incorporation and collaboration, we can develop.”

Ibrahim stated that President Tinubu’s Renewed Hope Agenda signifies that the three branches of government will collaborate under his leadership to establish effective governance.

“Given that we are not in a conflict zone, there is no justification for any disagreement between these branches of government!

“To foster democratic goodwill and eliminate poverty, President Tinubu’s reforms aim to address the interconnected challenges that impede a harmonious atmosphere among government officials and policies.”