Africa, A Continent Pruned By The IMF

If we begin to probe one of the major influencers of poverty and corruption in Africa, we will trace them to the International Monetary Fund (IMF) and the World Bank.

They invite African leaders to borrow money from the financial organizations with a heavy interest rate, and other conditions which in turn devalue the currency.

Why lend money to leaders you know will steal the funds and still bring them back to your banks?
When a currency is devalued it makes the market cheap, with few Dollars they buy dozens of resources cheaply, they get richer, Africa gets poorer.

When a currency is of no strong value, the resources become very cheap, the citizens have little to spend, which gives rise to inflation and recession.
There’s no way Africa can develop as a continent when we keep borrowing funds we don’t even need from the IMF.

Let’s be sincere, the 15 trillions Tinubu has borrowed from the IMF and international communities, what has he done with it? Before 2027 he may have borrowed 50 trillion, with no expenses to defend.
They borrow, and share it amongst themselves, and still loot to it to the same banks where they borrowed from.

Every month, Africa spends trillions of currencies to service loan interests. According to the Bureau of Statistics, Nigeria spends about 15 trillion yearly to service loans borrowed and stolen by the politicians, that is to pay for the interests of accumulated by loans debts, and there’s no hope of redeeming the loans, as they keep borrowing without stopping.

Look at what it means, a child stole money meant for the family from his father’s wallet, went to a far away land and hid it, only to go to the bank and borrow it, and the family continues to pay for the interest.

The loans African leaders take from the IMF are stolen funds from Africa saved in European banks.
IMF forces African leaders to take loans, anyone who refuses the offer is considered enemy of the World Order, one of the reasons Gaddafi was considered enemy of the West was because he borrowed no coin from IMF, infact Libya had enough under Gaddafi to feed the entire Africa, he gave interest free loans to countries including some Western countries, there was no way they could control him, so they sent NATO to kill him, the same way they are after Traoré, don’t you forget Delta, Awkaibom, and Rivers State are richer than Libya.

The former Governor of Delta State, Okowa, stole 1.5 trillion. If we recover all the stolen funds from 1960 to date, Nigeria will feed the entire globe and even lives outside the earth.

Tinubu has borrowed what Nigeria can’t pay back in 100 years. Is there anything we can say he used it for? he only succeeded in fast-forwarding Nigeria into hardship.
Tinubu has only one policy, and that’s hardship; it benefits the Western world, the World Bank and the IMF.

Africa isn’t poor that we can’t handle our expenses, it’s corruption and greed that drive the leaders to IMF, look at what Traoré is doing in Burkinfaso without any coin from IMF, this how blessed Africa is, we don’t need loan to fix the continent, our resources are far more than enough.

No continent can develop with funds borrowed from the IMF, until Africa creates its financial system devoid of dependence on the Dollar and loans from the Western world, Africa will remain a third-world country.

When I travelled to Europe for Masters, immediately the chauffeur heard Nigeria his mood changed he became overly happy because he has seen a citizen from one the richest continents on earth, when he dropped me I gave him some dollar bills, I was under the influence of poor Nigerian economy little did I know that Dollar bill was equivalent to his one week income just for a drop from Airport to the University, the white man was so happy and touché, I didn’t understand that moment why he was so happy, the way he ran around was suspicious but I couldn’t place it, he met a citizen from one of the richest countries in the world and he never got disappointed.

In the streets of some developed countries in Europe, when they learn you’re a Nigerian, they ask you to go back because your country is rich, why are you here inconveniencing us they often ask, but they don’t know, yes we are rich, yet poor.

Africa is the richest continent, but with the help of greedy politicians, we are reduced to the poorest continent; no international financial consortium means well for Africa.

Africa is a continent whose green leaves are continually pruned by the IMF, the African leaves decorate the trees of Europe, Asia and America leaving us defeathered.

– Kanayo Ebuka