NewStats: 3,261,665 , 8,174,691 topics. Date: Friday, 30 May 2025 at 02:16 AM 4d6n6y6z3e3g |
World Bank’s 15-Year Death Sentence On Nigeria By Farooq A. Kperogi (12254 Views)
stuffs2002: 8:53am On Oct 19, 2024 |
lexy2014: Na now you dey confess wetin dey pain you That one na your problem so go home and ask your papa. |
ivandragon: 8:55am On Oct 19, 2024 |
Treadway: You are wrong. Is it the west that told your politicians to steal billions of dollars? Is it the west that told your politicians to spend lavishly on themselves and useless projects? Is it the west that stopped your government from fixing its refineries? Is it the west that diverted funds meant for social welfare to private pockets? Is it the west that threats bandits with kids gloves which made it difficult for people to farm thereby exacerbating a food crisis? Is it the west that stands on the road to extort transporters thereby leading to additional costs of goods? Is it the west that builds substandard infrastructure for you? How some of you are so gullible and cannot think straight needs to be examined. You keep attacking the west to justify your own failure of leadership and followers. You just bring up half truths and lame conspiracy theories because you cannot handle the truth of leadership failure in your country. |
lexy2014: 8:59am On Oct 19, 2024 |
stuffs2002:Are these the confessions that you made that paining you? stuffs2002: Since yorubas are ruling, what is the state of country? Are yorubas 2nd class citizens after Hausas? Since tinubu who is Yoruba is ruling, how well is Nigeria faring? 2 Likes |
Trumpdonald5: 8:59am On Oct 19, 2024 |
Racoon:You just picked the key points. |
lexy2014: 9:01am On Oct 19, 2024 |
Ikaeniyan0: If you have the good news all about the internet, can you pls share? Tinubu has completed a year and 6 months. How well has Nigeria fared? |
stuffs2002: 9:03am On Oct 19, 2024 |
lexy2014: E be like say your brain dey leak |
Topman7: 9:05am On Oct 19, 2024 |
stuffs2002: DON'T MIND THESE LAZY NIGERIANS. IF YOU KNOW WHAT CHINA WENT THROUGH TO GET TO WHERE THEY ARE TODAY!!! China BANNED the importation of CARS for SEVERAL DECADES and said ''Oya everyone ride bicycles till we learn how to build our own cars!'' They banned almost every import for many decades up till the 90s when they finally opened up, after THEY had become self sufficient and competitive. Millions were killed and jailed by the Chinese ruling party for opposing those reforms. They were able to succeed because they were a DICTATORSHIP and still are. No democracy would have accepted those reforms, because they were extremely painful. This Kperogi guy is VERY DEVIOUS AND MISCHIEVOUS. Notice he never mentioned the real cause of the economic hardship, which was the REMOVAL OF FUEL SUBSIDIES. Does he our continued borrowing of 10 billion dollars a year to pay for petrol subsidies? A country whose annual budget is 35 billion dollars? HE IS SILENT ON THAT. He just wants to point fingers and blame IMF, blame govt etc, WITHOUT STATING HIS POSITION ON THE WAY FORWARD. Did you see him offer any alternative to the current path? OF COURSE NOT. Because he KNOWS there is no other feasible way to move forward. Blasted crooked man. |
lexy2014: 9:05am On Oct 19, 2024 |
stuffs2002:Was your brain leaking when you said the following? stuffs2002:Are these the confessions that you made that paining you? stuffs2002: Since yorubas are ruling, what is the state of country? Are yorubas 2nd class citizens after Hausas? Since tinubu who is Yoruba is ruling, how well is Nigeria faring? 1 Like |
iamtoofan: 9:08am On Oct 19, 2024 |
stuffs2002: Dont get fooled, reforms that erodes purchasing power, strangulate businesses and worsen the currency value thats surely not a reform. it is draconian policies it is not about the years, a reforms should read "growth" and must reflect no matter how small. Tinubu is foolishly pushing a world bank reform that is projected to materialize only after 15yrs, does it mean tinubu is not aware max he can only spend 8yrs .. what happens when another govt comes on board and do otherwise So our sacrifice for 4 or 8yrs under Tinubu will just go like that, Dubai developed before our very eye, was there hardship, did business have to die before Dubia rose. Economic theories should be implored in accordance with each country peculiarity 1 Like |
Lavor234: 9:13am On Oct 19, 2024 |
Nigeria was already on a progressive trajectory during the Obasanjo-Jonathan years. What happened? Why the regression to the SAP years and it's inhumane policies. We were the top of everything in Africa now we have regressed to a point to where we are scavenging for food. Is it that Nigeria is broke or is it because we had terrible leaders from 2015 and maybe we really do not need these inhumane policies, just smart leaders 1 Like |
Onucs(m): 9:13am On Oct 19, 2024 |
They don write script for this one.
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Topman7: 9:15am On Oct 19, 2024 |
iamtoofan: MR MAN, THERE IS NOTHING THE WORLD BANK IS TELLING US TO DO WHICH WE WOULD NOT HAVE DONE ANYWAY! That 10 billion dollar a year we were BORROWING to pay subsidies, it was not the IMF or World Bank that said 'stop it'. It was BUHARI who saw that it was BANKRUPTING THE NATION, and put a halt to it. Omitting it in the budget he handed to Tinubu. The TRUTH is that Nigeria was living on BORROWED MONEY FOR FUEL SUBSIDIES. And as the population grew, you required MORE MONEY FOR SUBSIDIES. How the hell is that sustainable? Continuing with the subsidies would have meant we would have become like Zimbabwe or Venezuela, or Sri Lanka , where the economies totally crashed, and went bankrupt, because their debts overwhelmed them and nobody would lend them any more money. IS THAT WHAT YOU WANT? Because if you think things are hard now, THAT would make it 10 times worse. |
Mccullum: 9:15am On Oct 19, 2024 |
Proudlyomonna: You're very uncivilized in your presentation of response. It's only one with no facts resort to use of abusive words. |
stuffs2002: 9:17am On Oct 19, 2024 |
lexy2014: IIGB0S including Obi Pandora will never be allowed to rule for the following reasons. 1) They are not intelligent enough to govern 2) They are too emotional and are incapable of logic 3) They are too bigoted, bittered and full of hatred for others 4) They practice extreme nepotism and tribalism 5) They eat human M E A T and behave barbaric 6) They are too criminally incline and justify crime and celebrate criminals in their societies 1 Like |
starz100: 9:23am On Oct 19, 2024 |
Since independence, world bank has been confusing us,yet they think now we should all endure gruelling hardship for 15 years after which they will come up with another 15years.It is now I believe the alleged depopulation scheme against Africa by the West.
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lexy2014: 9:23am On Oct 19, 2024 |
stuffs2002: stuffs2002:Was your brain leaking when you said the following? stuffs2002:Are these the confessions that you made that paining you? stuffs2002: Since yorubas are ruling, what is the state of country? Are yorubas 2nd class citizens after Hausas? Since tinubu who is Yoruba is ruling, how well is Nigeria faring? 1 Like |
iamtoofan: 9:26am On Oct 19, 2024 |
Topman7: in a clear response; 1. considering landing cos are we still paying subsidy or not ![]() 2. So far have we stop borrowing Answers those two sincerely and let see how you will come out not looking stupid 2 Likes 1 Share |
stuffs2002: 9:31am On Oct 19, 2024 |
lexy2014: IIGB0S including Obi Pandora will never be allowed to rule for the following reasons. 1) They are not intelligent enough to govern 2) They are too emotional and are incapable of logic 3) They are too bigoted, bittered and full of hatred for others 4) They practice extreme nepotism and tribalism 5) They eat human M E A T and behave barbaric 6) They are too criminally incline and justify crime and celebrate criminals in their societies I have told you the truth and you can cry all you want. I will not reply you anymore as I believe I have broken you from your shacles of ignorance. 1 Like |
Ykc2(m): 9:42am On Oct 19, 2024 |
stuffs2002:the tinubu family your defending don't even believe in nigeria his son bought house of 11million dollars in UK for safety sake,you will leave countries in Africa jump to country like China you forgot to add if tinubu is a Chinese he will not be alive today, they would have executed him for corruption or for drug, 3 Likes 1 Share |
lexy2014: 9:45am On Oct 19, 2024 |
stuffs2002: since you are not ignorant, you are yet to answer these simple questions. stuffs2002:Was your brain leaking when you said the following? stuffs2002:Are these the confessions that you made that paining you? stuffs2002: Since yorubas are ruling, what is the state of country? Are yorubas 2nd class citizens after Hausas? Since tinubu who is Yoruba is ruling, how well is Nigeria faring? 2 Likes |
holocron: 9:47am On Oct 19, 2024 |
Topman7: PLEASE DON'T COMPARE NIGERIA AND CHINA AT ALL! WE ARE NOT IN THE LEAGUE OF CHINA. China is a country that has been existing as one CONTINUOUS civilization for the past 5000 years while the concept of Nigeria 64 years or 110 years if you count from 1914. China was a developed country suring European countries just 500 years ago. The great European sea voyages were started with just one purpose: To harvest the industrial products of China and to learn their technology. Europeans learned the technologies of gunpowder, printing press, magnetic com, paper manufacturing, enamel ware manufacture, silk production, etc from China. AFTER Europeans discovered Science and Industrialization beginning from the 1700s , they quickly out performed China in technological development. Europeans using the advantage of their superior technology tried dominate china in the 1800s and 1900s and China performed the COMMUNIST REVOLUTION OF 1948 to push out foreign domination of the country. The communist revolution and government proceeded on reforms THAT WILL INDUSTRIALIZE CHINA. They purged the country of all opposition figures allied to western countries trying to sabotage the reforms. This is different from what is happening in Nigeria. No one should even mention Nigeria and China in comparison. The only thing they have in common is just the 1st October Independence day. 2 Likes |
olaniyilukman(m): 10:08am On Oct 19, 2024 |
stuffs2002:Are you truly human or alien, why are you so being deceitful to yourself like this, for how long will you continue to politicized everything in the name of being loyal to your principal, what positive things have you seen ever since this policies kick started... 2 Likes |
Rossikk(m): 10:12am On Oct 19, 2024 |
Lavor234: It was the FUEL SUBSIDY that made it look like we were doing well then. It’s like somebody living large on a credit card. After a while the chickens will come home to roost. All those leaders KNEW that a future time would come when we would need to end the subsidy or go bankrupt. That time is NOW. |
Bintasukai: 10:22am On Oct 19, 2024 |
stuffs2002: While I Tinubu and think that the World Bank is more interested in Europe than Africa in of development. Your generalization and simplification is not a credible argument. Tell us why Kperogis statements are wrong. Don’t just say because he ed Atiku. Otherwise, it means you are assuming we are all stupid and anything you say must be accepted whether it provides sufficient defense of Tinubu or not. 1 Like |
stuffs2002: 10:23am On Oct 19, 2024 |
Ykc2: Before the do anything to Tinubu the Pandora criminal called Obi Pandora would have been buried long ago |
stuffs2002: 10:25am On Oct 19, 2024 |
olaniyilukman: Abeg getat. Was Kperogi criticizing with logic? Do not let your hatred for Tinubu blind you from logic. You people allowed your hatred for Buhari to blind you and you started hating Nigeria and formed all sorts of attack groups against the country. Now Buhari has gone but those hate groups are still functioning. Same way Tinubu will leave but your hatred will remain. |
Bintasukai: 10:26am On Oct 19, 2024 |
Racoon: Wrong, they tell you the before giving you the loans. What they are saying is that if you take the loans and use it like this, you should be fine. However, they have not ed for our flaws, namely corruption. The cost of money is high. Even POS will charge you up to 10% for accessing your money, despite the fact that they are not even borrowing. Me too I don’t trust World Bank sha just to be clear They did not say you should steal the money, na you do yourself, why blame someone else? |
Rossikk(m): 10:29am On Oct 19, 2024 |
holocron: Stop giving us a stupid, irrelevant essay. The Nigerian reforms are similar to the Chinese reforms in the way they are designed to foster SELF-SUFFICIENCY. First start: STOP BORROWING 10 BILLION DOLLARS A YEAR TO PAY FUEL SUBSIDIES. ENACT INDIGENISATION POLICIES WHICH PROMOTE LESS DEPENDENCE ON THE DOLLAR, TO SHORE UP YOUR LOCAL CURRENCY, WHILE CURBING IMPORTS BY CREATING BUSINESS-FRIENDLY POLICIES AND AN ENABLING ENVIRONMENT FOR INVESTORS. Harmonise ie FLOAT your currency exchange rate to ensure transparency, stability, and end arbitrage, whereby companies that should be PRODUCTIVE are doing nothing but simply buying dollars cheap and selling at high prices for profit etc. THIS IS WHAT NIGERIA IS DOING. CHINA WENT MUCH FURTHER BY outright BANNING of many imports, including vehicles etc, and imposing high tariffs on imported goods. This made life VERY HARD for the average Chinese. But today they are very prosperous because of those policies, which lasted decades. |
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