Exposing The World Bank’s Harmful Agenda

Exposing The World Bank’s Harmful AgendaWhat is the World Bank’s true intention regarding Nigeria’s precarious situation? This question becomes critical in light of its detrimental stance. Over the past five years, Nigeria has borrowed more than $24 billion from the global lender, with the Bola Tinubu administration alone borrowing $6.45 billion in just 16 months. During this brief period, Nigeria has plunged further into crisis, exacerbated by Tinubu’s misguided removal of petroleum subsidies and the floating of the naira.....KINDLY READ THE FULL STORY HERE▶

As food prices and transportation costs skyrocketed, basic sustenance became increasingly elusive. Nigerians scrambled for essential items like bread, rice, and yams—some tragically losing their lives in the desperate rush for survival. In one year, the country witnessed two significant protests against hunger and poor governance. Inflation has rendered the naira nearly worthless, and with a faltering electricity grid, most citizens cannot afford petrol priced over N1000 for their generators. Many businesses are shutting down.

Despite this dire situation, the World Bank has endorsed the Tinubu government’s harsh reforms, a position echoed by the International Monetary Fund. Buoyed by this approval, Tinubu once boasted that he deserved recognition in the Guinness World Records—a statement that seemed to mock the suffering of his people. Ignoring the plight of Nigerians, the World Bank has urged the administration to maintain these harsh policies, suggesting that in 10 to 15 years, Nigeria could emerge as a significant player on the global stage.

This vision is not only unrealistic but also dangerous for a country struggling under the weight of its current hardships. “It is both unacceptable and inhumane to ask Nigerians to endure 15 more years of suffering under the guise of reforms that have historically failed us. Millions of Nigerians are already struggling to afford food, fuel, and basic services. Asking them to wait a decade for improvements is an affront to their dignity and a reckless gamble with the nation’s future,” stated ActionAid Nigeria, an NGO focused on rights and development issues.

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