This Day (Lagos)
9 March 2009
Nigeria and other developing countries face a financing shortfall of $270-700 billion to pay for their imports and service their debts this year, as the global economy falters and foreign investors withdraw, the World Bank has said.
[ See Article ]
And in the failed state of Kenya, the rulers are awarding themselves higher "pay" from the peoples' till.
And the PM Odinga want a much higher salary. For doing what? You may seek the answer in vain - only the awareness that they do the UK's bidding in decimated Kenya and hence they can get away with it and live high and mighty (instead of being hauled off to the ICC).They are already among the highest paid legislators IN THE WORLD - even as the country is among the poorest and getting even poorer.
This Day (Lagos)
10 March 2009
The International Monetary Fund (IMF) has warned that the global financial meltdown is threatening to wipe out the financial successes recorded by African countries in the past decade.
[ See Article ]
IMF - Meltdown Threatens Continent's Economic Successes
Is that the best IMF can do? If so, those phony "experts" at IMF may be disappointed to learn that many Africans know as much.
Inter Press Service (Johannesburg)
10 March 2009
Civil society representatives agree with the recent finding of the Organisation for Economic Cooperation and Development (OECD) that fragmentation of international cooperation has increased instead of diminished, in direct contradiction to the so-called Paris Declaration where over 100 countries called for effective dispensing of aid.
[ See Article ]
If 80% of our annual budget goes to pay the annual salaries & allowances of our "rulers" (Presidency, Ministers, Legislators, Judges and Permanent Secretaries) guess who would be affected most by this funding gap? We demand that this visionless administration invest the $50 Billion savings in the national Electricity infrastructures NOW. We cannot afford to wait any longer while the the savings whittle away as the Naira continues to depreciate, while the corrupt govt officials continue to use the $50 Billion savings to maintain their greedy lifestyle. Enough is enough.