Abuja — The Federal Government has predicted that foreign aid, which is important for a number of African countries, is likely to diminish in the coming years as a result of the global economic crisis.
This is following drastic reduction in the foreign direct investments in Africa as the credit squeese takes hold.
This was made known by the Vice President, Dr. Goodluck Jonathan, in a keynote address at the opening ceremony of the ongoing annual conference of the Institute of Chartered Accountants of Nigeria (ICAN) in Abuja.
Represented by the Minister of Finance, Dr. Mansur Muhtar, the Vice President said, "This has also contributed to the problems within our banking sector, which has led to the quick intervention of the Government through the Central Bank of Nigeria to forestall its collapse. This intervention is similar to that of the developed countries such as in the European Countries and the United States of America (USA) that had to bail out some of their banks, insurance companies and even the manufacturing sectors". He contintinued, "I must state here that whilst the full effects of the global slowdown remain uncertain and vary between countries, it is clear that the impact on African countries although, initially limited, had become, in some cases severe".
"We should be wary of any quick turnaround for our continent because even if global recovery of African economies may take longer time. The major challenge therefore, is on how to implement short term responses to the crisis while staying focused on long term sustainability".
According him, the resolution of the London G-20 meeting in addressing the key issues of restoring growth, financial stability and the needs of emerging countries must be commended. "Also, the International Monetary Fund (IMF) concluded its Article IV Consultation Mission with the Nigerian authorities on July 29, 2009 and noted that Nigeria entered the global financial crisis from a position of strong macroeconomic stability", he added.
He argued that the reforms of recent years paid off, with windfall from oil, high foreign reserves, and a well capitalised banking system preventing the type of economic crisis Nigeria witnessed during the oil price cycles of the early 1980s.
The impact of the crisis, he noted, has nonetheless been significant with economic growth suffering. "Growth in 2009 and 2010 was expected to fall below the impressive rates of recent years.
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[Daniel 11:14 ]] And in those times there shall many stand up against the king of the south(AMERICA / BABYLON ): ALSO the ROBBERS OF OUR PEOPLE shall exalt themselves to establish the vision; BUT THEY SHALL FALL !
* 16 European Nations . Met And Plotted On How They Would Rob Africa Of Its Riches.
* They met during two(2) Periods of time in two(2) places
* The General Act Of Berlin Conference (Nov, 1884 to February, 1885)
* Brussels Belgium to finalize SECRET agreements ( Nov, 1889 to July 1890)
* The Book King Leopolds Ghost (1998) by Adam Hochschild documents some of This information.
The following Nations (Households) - Planned how they would divide among themselves our AFRICAN Riches.
1) Austria-Hungary - Francis Joseph I Charles - August 18, 1830 -
2) Belgium - King Leopold II April 9, 1835
3) Denmark - Frederik VIII -June 3, 1843
4) France - Marie François Sadi Carnot August 11, 1837 -
5) Germany - Wilhelm II - January 27, 1859
6) Great Britain - Queen Victoria (Hanover) May 24, 1819 British Ruler 2nd
7) Holland William III February 19, 1817
8) Italy - Umberto I - March 14, 1844 -
9) Norway - Oscar II [Oscar Frederik] January 21, 1829 (Also Sweden)
10) Portugal - Carlos I September 28, 1863
11) Russia - Alexander III Alexandrovich March 10, 1845
12) Spain - Alfonso XIII May 17, 1886
13) Sweden - Oscar II January 21, 1829 (Also Norway)
14) Turkey - Abdülhamid II, - September 2 or September 22 - 1842 -
15) United States - Benjamin Harrison August 20, 1833 -
16) Persia (Iran) - Nasser al-Din Shah Qajar July 16, 1831
For centuries Black Africans have been exploited and exploited in the name of Islam. Then with the coming of the Portueses (so-called Christians) to Ghana around the 1440s , the so-called Christians started their exploitation.
The Black Athena (Part1) [ Spiritual Reparations ] URL [http://www.youtube.com/watch?v=o4maNtzhL9Q ]
FRITZ SPRINGMEIER A Bold Christian Truthseeker The Top 13 Illuminati Bloodlines [ http://www.youtube.com/watch?v=k73Q2_f4vKU ]
We Black Africans are puzzling. We have a bounty of riches around us, yet we persist in allowing outsiders to steal them; while we fight each other over trivial matters.
Just in case you're wondering, here's some Black Africans who have done wondrous things to change the way we live in the world.
For example : Garrett-Augustus Morgan invented the Traffic Signal to CURB (no pun intended) TRAFFIC ACCIDENTS !!!
* Buridge & Marshman - TYPEWRITER
* George Carruthers - X-RAY MACHINE
* George Washington Carver - PEANUT BUTTER - PAINTS PAINT STAINS ETC
* W.A. Dietz - SHOE
* Charles R. Drew - BLOOD PLASMA STORAGE SYSTEM
* Michael Harney - LANTERN
* Augustus Jackson - ICE CREAM
* H.A. Jackson - KITCHEN TABLE
* Isaac R. Johnson - BICYCLE FRAME
* John A. Johnson - WRENCH
* Frederick M. Jones - DEFROSTER - REFRIGERATION CONTROLS AIR CONDITIONER
* Jones & Long - BOTTLE CAPS
* Lewis Latimer & Nichols - ELECTIC LAMP
* John L. Love - PENCIL SHARPENER
* Tony J. Marshall - FIRE EXTINGUISHER
* Alexander Miles - ELEVATOR
* W.A. Martin - LOCK
* Garrett A. Morgan - GAS MASK - Traffic Signal
* Lydia Newman - HAIR BRUSH - Nov 15, 1898
* W.B. Purvis - FOUNTAIN PEN
* L.P. Ray - DUST PAN
* W.H. Richardson - BABY BUGGY
* G.T. Sampson - CLOTHES DRYER
* .W. Smith - LAWN SPRINKLER
* J. Standard - REFRIGERATOR
* T.W. Stewart - MOP
* Maxine Snowden - RAIN HAT - 1983
* Paul E. Williams - HELICOPTER
* Granville T. Woods - Roller Coaster
* Granville T. Woods - Telegraph Transmission Devices - Dec 2, 1884 Patents # - 308, 816 (7)
Thanks to The Black Inventors Museum P.O. Box 76128 Los Angeles , Calif. (90076) Phone (310) 859-4602)
Director : Ghanaian Mr. Hamza Salifa
Contributor of Information : SEESTAH Imahkus Nzinga Okofo [http://www.oneafricaghana.com/first_and_foremost.htm ]
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[Check Out :
3) Who Brought The Slaves To America ? URL = [ http://www.youtube.com/watch?v=JuzhnKy63io ] Or [http://wideeyecinema.com/?p=911]
WAKE UP !!! STAY UP !!!
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Life Is A Game. Have Fun . Luke 18:17 - Isaiah 11:6
With the abundance of numerous gross domestic products traveling back and forth our international borders, our fellow brothers and sisters are starving in various sections of Africa and abroad due to the lack of foreign aid thats been promised extensive amounts of times but hardly produced.
Some would questions the morals and ethics of our precious judicial system executives or our servants as it was written to prevail in justice and peace while striving to conquered the massive dilemma that have plagued the nations during this global economic crisis.
Following a draft motion, from the London G20, Whereas the financial and economic crisis was caused by the world's richest countries, but is affecting all countries; and whereas the G20 has a collective responsibility to mitigate the social impact of the crisis, especially in developing countries which have been hard hit by the side-effect of the crisis.
Such an events as this has bought about severe doubts to the civilians being affected with the decisions making of the upper classman.
As a nation thats striving towards a better millennium, we first need to check ourselves towards the judgments of others just as we shall be judge.
Luke 6:37 Judging Others 37"Do not judge, and you will not be judged. Do not condemn, and you will not be condemned. Forgive, and you will be forgiven. Amen!