President Tinubu emerges as the 3rd most corrupt leader in 2024 by OCCRP voted by readers and journalist, we have had bad leaders in the past but it wasn't this bad and he is only less than 2 years into office.
Well let me just cap it all up as the charts and reviews speak for themselves. Frankly speaking I actually don't think there is any Nigerian who will find this information shocking or surprising. And this is simply because of the fact that the effects of all these on the Nigerian economy and its citizens is very obvious especially to the average Nigerian.
Sometimes people say that the economy has been way too down and as a result the president needs more time to fix all these however it's all CAP because the first step should be halting further damage and not improving it.
The first step is halting further damage and not improving them.
On Donald Trump's inauguration speech, the moment he talked about the Mexican border, immediate effect started taking effect, I will do this or that later is not what a country's president will use if he really wants to maintain the order standard and order of the country's economy.
Past Nigerian Presidents has been taking loans, he who is said to be rich and wealthy, still took loan. There's no significant improvement he has brought to help the citizens in this regime of his.
The aspect of taking loan by The Nigeria presidents seems to be a culture and habit. So far, if I am not mistaken, virtually all the presidents that have ruled Nigeria have collected loans from the World Bank, and to date, Nigeria is still owing. This makes me wonder what our natural resources are for, what did they do with the recovered Abacha loot, and others we have been hearing of for a long time now. I remember hearing a story some years past that a white man once said that Nigeria is super rich and blessed that each individual could be earning a salary sitting at home.
For once our government should try to fix things and avoid taking loans from the World Bank because all these put pressure on our economy and devalue our currency. Look at Burkina Faso, the president rejected a World Bank loan after they invited him to come to take a loan. He focused on using their internally generated revenue to develop the country and currently, they have been able to pay up some percentage of their debt and are doing perfectly well, their economy is waxing stronger and better without a World Bank loan even when they are given an express ticket to go for it but they rejected it and Nigeria that is going for the loan is even getting worse and worse every day then what is the benefit and need for the loan?