Loans Will Not Save Nigeria: The Hidden Costs of Borrowing

buhari begging bowl

President Muhammadu Buhari won many die-hard supporters purely because he refused to play the game of “begging bowl politics” at a time when Africa’s innumerable dictators were queuing up to take IMF / World Bank loans as global neoliberalism aggressively dictated. If Buhari had accepted the aggressively marketed neoliberal-induced loans, General Ibrahim Babangida might have never become president and Nigeria’s recent history different. Conversely, if Buhari had remained in office enduringly then with the “no loan” stance, Nigeria might be up there today with Botswana, a nation that rejected IMF / World Bank loans. However, Buhari, now a democratically elected president is actively courting loans from economic powers, the most recent being China. What happened? Egnahc? Continue reading

The Game of Kneel Down Democracy

Lin Down Democracy

In the above photo we can see kneeling before the First Lady of Akwa Ibom State, Mrs Ekaette Akpabio, the usually imposing State Commissioner for Works, Don Etim in her husband’s executive cabinet, while conversing at a public event. While many Nigerians predictably may see this image as innocuous and just “one of those things” it is all by itself an embarrassing if not egregious image of Nigerian democratic politics. Continue reading

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