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Jettison IMF, World Bank’s Policies Falana Tells FG

Mr. Femi Falana SAN has urged the Nigerian government to discard what he calls, the “deleterious policies” of the World Bank and the International Monetary Fund (IMF).

He listed some of the policies to be an increase in electricity tariff and the removal of whatever remained of the petrol subsidy.

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Mr. Falana also said the only economic body recognised by the constitution to advise the President is the National Economic Council headed by the Vice President, with the state governors, Governor of the Central Bank and the Minister of Finance as members.

Claiming the Bretton Woods bodies were set up by imperialists,

he added that the government had abdicated its responsibility to both the IMF and the World Bank.

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