Economic Hardship: Shehu Sani Speaks On Who Tinubu Should Listen to Between IMF and AfDB

Economic Hardship: Shehu Sani Speaks On Who Tinubu Should Listen to Between IMF and AfDB – TheTalk.NG

• Senator Shehu Sani has cautioned the federal government against following the International Monetary Fund (IMF) advice
• Sani said the IMF, a financial agency of the United Nations (UN) is pushing Nigeria into economic self-destruction.
• He advised President Bola Tinubu’a government to listen to the warning issued by the African Development Bank (AfDB)

Shehu Sani accused IMF of pushing Nigeria to economic self-destruction
Photo credit: Shehu Sani/Asiwaju Bola Ahmed TinubuSource: Facebook

“The IMF is pushing our country to economic self-destruction and the African Development Bank is cautioning us against threading that path. We should go with the latter.”

“Internal conflicts and violence could also result from rising prices for fuel and other commodities due to weaker domestic currencies and reforms.

Nigerians react

In 1984, 1 USD was equivalent to 0.765 Naira. Which means that the naira has a higher value than the USD.

In 1986, the IMF advised the then govt of IBB to devalue the Naira as part of a series of economic reforms called SAP.self-destruction

That was the beginning of the economic woes of Nigeria which it has never been able to recover till date.

No serious country takes any meaningful economic advice from the IMF or the World Bank because these institutions are designed to keep developing nations as slaves, so they can continue to lend money to them at exorbitant rates.

If countries like Nigeria become economically viable, the IMF and the World will collapse.

IMF never wants the progress of Nigeria, but the Nigerian government should understand that the IMF is not in Nigeria’s streets to understand the level of hunger that is going on. Does it mean that we don’t have our own economic template that will work for us?

The IMF has always been the tool of the West to keep Africa down. The earlier we wake up the better

We should thread really carefully, the economy is on the verge of total collapse

I can now see some of the reasons why the US is not comfortable with Akinwunmi Adesina as the President of the African Development Bank

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