Quote from: ifeness on 1-08-2012 04:14 PM
The world bank and IMF were set up after the 2nd world war to rebuild the European countries's economy.In order for the world bank and IMF to implement their policies,they began offering loans to poor African countries but only if the African countries privatize their economies and allow the Europeans(SHELL,AGIP,CHEVERON,TOTAL ETC) free access to the raw materials and market. That was the trap! and many countries realized it too late. This was how our present problem began. The western states flourish while we Africans suffer and will suffer until we break the chains.
Nigeria for example is rich with crude oil which is the most sort after raw material in the world presently.The IMF have granted Nigeria several unneeded loans in the past.Especially when we had corrupt leaders(which is why the British and Americans prefer when we have bad leaders) Now,we don't have enough to pay back the HUGE loans. Now they control where Nigeria's oil will be refined,how much it will be sold,they more or less control our economy including the puppet(president) who is in power. If we tried to fight back,they will ask us to pay back the loan. This in turn has made Nigerian average citizens very very poor. I am not an Igbo,but i would say this is why the western powers will never support an independent state like Biafra of any form of independent control of the crude oil. Any country that tries to go against the IMF will be labeled a terrorist state(Libya,Syria) Who knows who the real sponsors of boko haram are?
My beloved Africa is in a huge mess,same applies to Ghana. If anyone thinks Ghana's economy is growing,it is false,only that they are really really trying harder than Nigeria to manage the crumbs they have left in their pot.
GOD BLESS U FOR THIS EXPLANATION, WE ARE IN THIS THREAD TO LEARN WHAT WE DON'T UNDERSTAND, FROM UR ANALYSIS, SO THE GOVERNMENT BORROWS MORE MONEY FOR THEIR POCKET INTEREST FROM IMF, BELIEVING THE CRUDE OIL WE SUFFER IT, Nigeria for example is rich with crude oil which is the most sort after raw material in the world presently.The IMF have granted Nigeria several unneeded loans in the past.Especially when we had corrupt leaders(which is why the British and Americans prefer when we have bad leaders) Now,we don't have enough to pay back the HUGE loans. Now they control where Nigeria's oil will be refined,how much it will be sold,they more or less control our economy including the puppet(president) who is in power. If we tried to fight back,they will ask us to pay back the loan. This in turn has made Nigerian average citizens very very poor. I am not an Igbo,but i would say this is why the western powers will never support an independent state like Biafra of any form of independent control of the crude oil. Any country that tries to go against the IMF will be labeled a terrorist state(Libya,Syria) Who knows who the real sponsors of boko haram are?
My beloved Africa is in a huge mess,same applies to Ghana. If anyone thinks Ghana's economy is growing,it is false,only that they are really really trying harder than Nigeria to manage the crumbs they have left in their pot.