Economy

Nigeria now depends on IMF, World Bank to pay salaries of workers – Prof Tomori

Access Bank
A professor of Virology, Oyewale Tomori, has said Nigeria is presently relying upon international agencies like International Monetary Fund (IMF) and World Bank to pay workers salaries.
Tomori spoke on Thursday while delivering a talk on the subject ‘Science, Scientist and Society’ at the 79th Interdisciplinary Research Discourse of the Postgraduate College, University of Ibadan.

Professor Tomori who is a member of the World Health Organization Technical Advisory Group on COVID-19 antibody creation, likewise disclosed that Nigeria has turned into a beggar for COVID-19 vaccines.

He lamented that the nation has neglected to reliably invest in education, science and innovation in spite of the immense number of natural resources.

He said while different nations are enjoying in a profit from investments, Nigeria is harvesting a profit from iniquity and immorality.

He said this is the primary reason the nation relies upon loans from international donor agencies, for example, IMF and World Bank to pay salaries of workers.

The University don lamented that the current democratic system in the country is full of corruption and immorality.

“While other countries are getting sumptuous results on their investments, we are wallowing in our own return on iniquity and on return on immorality.

“That is why we have 10.5 million of our children out of school, 4.5 million under-vaccinated, we become the poverty capital of the world.

“We are investing hugely in corruption and disdain for science and technology.

“And we now depend on IMF loans and world bank to pay our workers’ salaries, to import food which we should be producing.

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