We save money in the Sovereign Wealth Fund to invest in their Economies, and they turn around and give us loans with strings of steel attached, ensuring that we do not have the power to decide how to develop our economies because they dictate how these exploitative loans should be used!
We are saving money for a rainy day. But when that day comes, they say here is loan with interest to burden the future of our Children but SWF remains untouched and working in their economies!
Now the WORLD BANK claims it can help Nigeria with electric pre-paid meters through their string-tied loan; thereby destroying our local meter manufacturing industries and at the same time burden us with a ‘loan-shark’ type loan.
Our government must reject this outright!
We do not need another loan to kill our own industries. We can produce our own meters. Practice makes perfect.
Haba! They employ a few of our boys, then send them back to us with this ‘cockamamie’ ideas that are intended to keep us buying everything from outside forever! What is wrong here? Are we children?
Nigeria has come of Age!!