Prior to her visit to Nigeria today, MD IMF, Lagarde explained the visit will provide an opportunity to strengthen the Fund's patnership with the largest economy in SSA(Nigeria). 'Partnership ke?'
It's no new thing under the sun that the
Vampire-IMF's programmes are carefully designed to retard microeconomic or
social stability of less developed countries.
I was delighted wen i heard d MD said "I'm not in
Nigeria to lend the govt money". Who said we wanted it in the first
place??
The IMF's so-called soft loan is just a
terminological deceit cos it's conditionality is highly anti-developmental.
This include putting in place austerity measures in the receipient country
which if adopted by Nigeria can result to serious economic mayhem - as poor
infrastructure, health, education and; unemployment and high income inequality
are the can of worms! Jeffrey Sachs once describe the IMF's usual prescription
as "budget belt tightening to countries who are much too poor to own
belts".
What elated me most is her inability to
convince the president on her IMF-Nigeria project - in her words: "Given
the determination and resilience displayed by the president, i dont think IMF
programme is needed". I must confess the swag wey Buhari use reject the
proposal sweet me wella!
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