• Home (Portada)
  • News in English
  • Noticias en Español
  • Home (Portada)
  • News in English
  • Noticias en Español
Home » International

Diaspora Nigerians To Protest At World Bank Over Government Borrowing – NewsRescue.com

Daisy I. Posted On 2019-11-30
0


0
Shares
  • Share On Facebook
  • Tweet It


Diaspora Nigerians To Protest At World Bank Over Government Borrowing – NewsRescue.com

Nigerians in the Diaspora through the Global Coalition for Security and Democracy have concluded plans to protest the continued borrowing by the Nigerian Government.

According to the group, the country could be economically colonised if the rate of borrowing continued.

Delivering a broadcast via Youtube, Coordinator of the group, Frederick Odorige, stated that Nigeria was now like a frog being boiled alive slowly by politicians in the name of debts.

He said, “Those that are in a hurry to borrow today may not be alive when the present and future generation will suffer for it.

“This is sadly so because those behind the borrowing will steal part of the money and hand them over to their children while the majority will continue to suffer.

“We must avoid economic colonialism by learning from countries that partly surrendered their sovereignty as a result of debts.

“We must avoid debt trap diplomacy before the Nigerian Government uses all of us as collateral.

“Debts are expressions of Western anxieties more than Nigerian or African reality. We must rise up now before we lose our national airports and oil wells to creditors.

“After writing off our $18bn debt by the Paris Club in 2005, unfortunately, our government went back to borrowing, with little or nothing to show for what was borrowed.

“Loan is good only when we see what the money was used for.

“We are currently indebted to the tune of over$81bn and the borrowing continues and this is clearly as a result of mismanagement and corruption. We are borrowing to finance our national budget.

“Some persons that were indicted for various corruption cases have been appointed by the current governments as Ministers. These are the same persons that will manage that fund.

“We shall petition the World Bank to thoroughly investigate this allegation of quid pro quo.

“The protest shall commence from 10:00am Eastern time, December 6, 2019 at the World Bank premises in Washington.”

The views expressed in this article belong to the author and do not necessarily reflect the editorial policy of NewsRescue

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
La cronologia olvidada de Dragon Ball – La muerte de Mutaito
Daisy I. 2019-11-30
Diaspora Nigerians To Protest At World Bank Over Government Borrowing – NewsRescue.com
Daisy I. 2019-11-30
La cronologia olvidada de Dragon Ball – La muerte de Mutaito
Read Next

La cronologia olvidada de Dragon Ball – La muerte de Mutaito

  • Search

  • Most Recent Posts

    • La cronologia olvidada de Dragon Ball – La muerte de Mutaito
    • Diaspora Nigerians To Protest At World Bank Over Government Borrowing – NewsRescue.com
    • El terrorista del Puente de Londres fue condenado por intentar colocar una bomba en el edificio de la Bolsa
    • Impeachment may complicate 2020 for lonely Michigan moderate
    • La policia trata como un posible ataque terrorista el incidente en el puente de Londres
    • K-pop singers Jung Joon-young and Choi Jong-hoon sentenced over gang rape

  • Menu

    • News in English
    • Noticias en Español
  • Affiliate Disclaimer:

    This website is a participant in the Amazon Services LLC Associates Program.

  • Search


  • Terms of Use
  • Privacy Policy
  • Home / Inicio
© Raxan.comEntertainmnet - All Rights Reserved - DMCA Policy
Press enter/return to begin your search
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok