Topic: Current Nigeria problem is from World Bank and IMF (Read 117 times)

Lolz!!! Something you don't know is bigger than you. Knowledge is not being in the country for years. And the place where the old man see even when the young man climb a tree he would not see. That proverbs is not foe this generation. What I know the old man don't even smell to know it. If you understand the Op you wouldn't argue with me. You only see things from internal leaders but I see things from neo-colonialism, imperialism and food colonialism. Have you asked yourself why those institutions are interested in Nigeria affairs. They colonial masters don't want to left the land and they are using different ways to control the country. You have to know that Nigeria operats capitalism and not socialism so the government is an institution of the state so you need to know the different between Nigeria State and the Government. Who own Nigerian State is unknown by you but I know them and the government is working foe the owners of the state. Who is in the state is beyond your understanding. President is not the owner of the state. And the State is the country so those who own the Country control the government. So you don't have to blame the president. All those policies you see and hearing are not for the president but for the owners of the State (country) so they can make more profit from the economy. From your argument you are very backward in What is happening in Nigeria in indepth details.

I come dey think wether you just enter diz country of recent or wether you never stay for Nigeria reach 3 months because the way you dey analyze the problems of this nation come dey make me think wether you be foreigner or you bin dey away all your life. Every Nigerians no where the problems of this nation dey come from and e no come from world Bank and IMF but from our corrupt,greedy and bad leaders. Abi you dey forget say world bank and IMF no force Nigeria to come take loans from them. See with the kind abundant resources and rich fertile soil wey God use bless this country,Nigeria no suppose  even dey borrowed from world bank rather other nations suppose come even dey borrow from us. Our leaders too greedy and them  foolish as well,them go milk our country dry,carry those looted funds carry go dey develop western nations. The problems of our country na from our leaders and until we change our type of leadership,our leaders go dey continue to milk us dry and Nigerians will be getting poorer.
 

make una leave politics for di orientated. The Orient Nations are only interested to colonialize, and exploits the third world countries. kwame nkrumah said, there will be a time that our brothers and sisters would be colonialized by the same colour. We will be colonialized but we will not know because our fathers and and mothers will be used to colonialize us. And that is the Neo-colonialism. And it is happening now but most of us are still defending them. I am not here for any blame game and I am not blaming anyone but I am tell the truth. Some people are saying that we should blame our leaders and not World Bank and IMF. iBaba if you read political economy of Africa, you will discover that Buhari rejected World Bank and IMF policies in his military regime. And many military governments rejected them and some accept them.

Let me also tell you, World Bank forced African Leaders to take loan. And Universal Basic Education (UBA) was one of the project for that purpose. And Nigeria government also mismanaged the funds and the project collapsed. I no want to talk too much. If World Bank and IMF remove their hands in Africa economy, African go develop well. Nigeria go do well. Tinubu was having a mindset to develop Nigeria which I know very well but the powers he jam in the corridor or power e big pass am so he has to obey and let the trees pass. Please go and read "African Thunder Storm" it is a poem. Yes every leader has an ideology to work upon but he must not spoil the already construction structure but to build upon the old structure to develop the State. And even if you destroy it is not all but partial. But Tinubu has destroyed the whole system and if you can see, World Bank and IMF are so much interested in Nigeria economy.

This one that you are saying Tinubu fell into their trap, I doubt that. I believe any president have their own ideology and what they understand about managing the economy of the country. The thing is, Tinubu has been in the system for a long time now, although he might not understand in details, how the economy of the country runs, however, he should have some ideas of how he intends to run his government through his ideologies.

This is why I will always believe that the pronouncement about the fuel subsidy removal was a decision he took based on his beliefs in running the country's economy and he seems to have a radical approach towards economic revitalization but with little or no proper planning and preparations to face the effect of such decisions. This is why the majority of Nigerians are suffering from the fuel subsidy removal and tax impositions by the government.

Lolz, you really made me laugh. Only your statement just gave.me the clue that you are scholar of Adam Smith and not from the revolutionaries leftest. And if you were a leftest.you would have understood that the word " Yes Men" in article is a Neo-Liberal policy shapen by World Bank and International Monetary Funds IMF. When we see the Neo-Liberal policies by them we know them straight either directly or indirectly. That phrase "Yes Men" as serious meaning that has almost said everything about the policies from those organisations which I don't need a prophet to tell me again. This is what the Vice President of World Bank Said.
Now under this we have Fuel subsidy, devaluation of the naira and also they are the brain behind the Dangote and NNPC ordeal in the country. And there's would bring hardship and unemployment to the citizens. I think this brief explanation clear some ground for you. How can Nigerian citizens suffer for 15 years because of their selfish interest. Tinubu fall in their trap and pronounced the Neo-Liberal policies in the first day in office.

We can't as a people Trace our problems to international bodies like IMF and the world bank, the fact of the matter is that it's a known fact that IMF and world bank is not concerned about the economic progress of any nation especially African countries which largely depends on them to borrow money and pay back with huge interest rate .
All these so called policies are geared towards neo colonisation and world control plan by the super Economies of the world today, that is why we they will freely welcome politicians who have stolen the common wealth of the country and run to them with the money and they will not do anything about it and still yet they will be the once to tell you about corruption.
Nigeria as a country we have decided not to be progress and backward and as such we can't blame IMF and world bank, our leaders in the country has decided that the country should remain in poverty, corruption etc
We as citizens are helpless as there's little or nothing that we can do , the end SARS protest that happens which lead to the killing of many innocent youths, has any of the political actor's been held responsible for their actions no so you can't blame the citizens the country has been hijacked by a tiny political elite that has hold the rest of the Masse's to a hostage.
Police and army are machinery of the state so they are tools in the hands of these political bandits who call them self leaders

What's neo-liberal policies? and how is is going to affect the nation.

I don check both your thread and the link you dropped and then no really give detail to the context of neo liberal policy and from what the content of the blog post says, the policy came about through the president while the world bank and IMF just gave a go ahead for it to be implemented.

We all know say our problem no be from a single source or from a particular policy when this administration make. Our problem de multi dimensional and na we be the number one root cause of the economic challenges when de worry us like this. pointing accusing fingers to IMF or even the world bank as those responsible for our problems show say we never even de ready to face our problem heads on. Do those body interfair in our internal issue when we don't ask them to? Before any international body go wan choke eye inside our matter, just know say na either we invite them come the matter or them don see say we no fit solve the problem ourselves then decide to come through for us come help us out of the matter.

I understand that IMF and World Bank are the body responsible for monitory policies in Nigeria and the world at large. First you most understand that, whenever you come to borrow money from World Bank, there are always some underlying responsibility that comes with it, sometimes it can come in the form of devaluing your currency or something else, however you can as well decide not to take loan from both bodies, either you find a way to solve your financial issues internally or borrow from another country.

So as a presidential, if the IMF and World Bank are offering you policies that will strangulate your countries financial status, you can decide to reject it and look for other mechanisms to solve your problems.

I know say IMF financial assistance follow wetin dey affect our economy because the interest for the loans dey high pass wetin dem dey charge other countries. But I dey vex when we dey blame IMF for our problem.

For example if you want collect loan for anybody hand him go give you conditions wey you go use repay the loan. The reason why IMF go tell government to adopt policy like removal of subsidies na to ensure say government go save enough money to pay back the loan. I no fit give you loan and you use the money dey flex instead of you to cut cost.

The truth bi say no bi only Nigeria or African countries dey collect loan from IMF. Some countries done use this loan to develop their country. People like Malaysia, South Korea, Thailand and Philippines don also collect loan from IMF but dem use am develop the economy.

Bro the problem wey you dey find for Sokoto dey for your Shokoto. Our problem no be IMF na our politicians. No cap.

I have been saying this to many people in my locality, see the problem in Nigeria is the World Bank and IMF. These are the two international institutions that control the economic aspects of the third world countries. I have said this in one of the comment in this forum but I can't remember the thread again but I strongly believe that I have made such statements which someone asked me if is sure of what I was saying and I gave him some proves. Every president that comes in the world back World Bank and IMF would create their policies to the president and it is the duty of the president to accept it or not. Tinubu accepted them and that is why we are suffering like this. Because those policies are for the benefit of the World Bank and IMF.

See let me tell you my brothers and sisters. I only blame Nigerian Police and Army of what is happening in the country and not really the president because the citizens of Nigeria can change the narrative overnight but this nonsense cohesive forces will not allow it because of the small stipend from above. I have said before those who are selling things should not sell to the police and army then they will know how serious this is to the poor man. At that they would not come and kill the seller. It is only massive protests can solve this problem in the country.
https://saharareporters.com/2024/10/16/youth-rights-campaign-accuses-tinubu-others-acting-yes-men-world-bank-imf-calls-mass?fbclid=IwZXh0bgNhZW0CMTEAAR3V3xEuf8i6urqEZx8s8FqKYoI5KfAuPGuq9X_vTVZ3UYULKmjxWEybOCw_aem_I_sZhFrf3r53ljoHIG8Mfw

This is an indirect rules which must reject with good protest from all the states in the country.