It's no longer news that paris club has agreed to cancel Nigeria's debt on the condition that they would monitor our economic policies for some years.

Now my question is this, doesnt this look like another form of colonialism on thier part? i mean why cant they just cancel the debts? why give conditions?

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Celebrate Africa, the continent of beauty!

its A Big Deal To Cancel The Debts.
Colonialism I Dont Know But I Feel The Country Should Be Ready To Coperate To Make Things Go Forward Cos Nigeria Is Already Lacking And Are 50 Years Behind Time.
Whatever Decision They Make Now Is For The Interest Of The Country.

Support you. Our economy needs to be monitor I don't even mind if we are recolonised because Nigeria is in shambles.

really?

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Wife from NR

THANK YOU MY DEAR NIGERIA HAS GOT NOTHING TO LOOSE WHETHER COLONISED OR NOT COLONISED INSTEAD WE'VE GOT EVERYTHING TO GAIN AND ITS REALLY SAD WHEN YOU SEE SOME NIGERIANS THINKING VERY STRANGE.
I THINK WE NEED TO EDUCATE OURSELVES SOME HOW TO EVEN MAKE THE SO CALLED ECONOMY STABLE.

We have a lot to loose when we get colonized that’s why the have the guts to place us as a 4th world country. Sorry if you think am thinking strange but Nigeria got its independence 45years ago and likewise many countries that got theirs after us. They moved ahead and we didn’t! Don’t you think that this is a problem Nigeria needs to solve within itself? We dont lack the resouces neither do we lack the right people to place Nigeria back to where it belongs

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Wife from NR

No Western Country will ever want to colonise Nigeria, cos Nigerian Problem is bigger than the size of Afrika, Again Nigeria deserve somthing lower than 4th world. Nothing is functioning in Nigeria, you can imagine a Country were Politician from Local govt level to Fed level are profesional rogues, and dont care about the surfferings of the down troding Nigerians---pity. Let us also not forget about the killing of 6 young Nigerian traders by the people that are surpose to protect them the almighty POLICE. to crown it all a DPO escaped detension at the force headquarter. My fellow Nigerian these things can never happen in any progressive Country. Size and population does not determine the positioning of a Country as developed,developing,3rd and 4th world , following all the criterias that determines this positioning you'll be convinsed that Nigeria deserves to be nothing higer than 6th world.

Don’t you think Nigeria’s natural resources give us an advantage over others? U think the visit of Clinton and Bush in Nigeria was just to shake hands with OBJ? I have some knowledge of the oil industry and market and I would love to inform you that many countries would not mind alliances with Nigeria due to what we can offer. The sad part is that the our oil and other resources we boast about is drained daily and managed poorly to overflow the pockets of some people in top positions.

May, you can keep reminding us of the shortcomings of Nigeria and how it does not rank up to the world standards but maybe you are comparing it with some top countries. How about we compare the corruption with some 3rd world countries like in Asia (the Chinese might call it Guanxi but its still bribe). Nigeria might be the 3rd corrupt country in the world after Bangladesh and Haiti do we deserve the right to be given 4th world status due to our level of corruption. Nigeria is neither the poorest country in the world.

Nigeria is facing the same problems just like many 3rd world countries where it is run by dictators with network of cronies where elections are bought, sold and coerced and our money including loans are not used to build the countries but to build power bases (loyal cronies). We might not be progressing as we want to but that doesn’t mean that we wouldn’t in the near future. Being positive about this great country of our might help

Wouldnt be a bad idea if you expand more on the criterias for world status classification.

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Wife from NR

Like every other petrotic nigerian i love my country nigeria dearly, but i will be the last person to build on hope in the state of hopelesness, sorry nigeria has gotten to that stage. natural resources does not have any effect in the rateing, besides i will want us to be well informed before we give examples. China has in the last years been executing corrupt public officers, the records are there to show. Again we should not forget that the oil we tend to clamour on is absolutlly nothing compare to the oil in the caspian sea and as soon as the stalemate in this area is settled we shall be in for a very big problem. Let us also remember that OPEC is an organisation of petrolium exporting countries,and we are the 6th highest ''EXPORTING'' Nation. Iraq will take their position as soon as they are settled, this will push us down to 7th position in an organisation of about a dozen member Nations. Make no mistake to believe that the hand shakes with OBJ means that America so much depend on our oil. Am sure you are awear that they have more oil than we do, the only difference is that they reserve there's instead of exporting them. Russia have more oil than we do. These are just two Countries that does not belong to OPEC but they have more oil. On the issue of Critarias (1) Economy- Capital income per Head (2)Social Amenities and system-clean water, electristy,Roads,Education etc. (3) Security (4)Medical/Health System (5) Litracy Rate (6) Provision Transport Network/System (7)Tecnological Advancment. These are just few Critarias. My people like i said before. I love my naija but it is painfull to see that at 45 people are still existing and not living, that we are begging other countries to help us. what a shame. Let us not use ourselves to judge nigerian standerd, let us go beyond that and put into account those young beggers and destitutes abandoned on the streets of our cities, those people that die of common curable diseases because they cant afford their hospital bills. these are Nigerian like us, check out the condition of the people in Nigerian villages who surfer from morning till night just because one square meal. These are the people we are surpose to use in judging our standerd and not those useless rogues and their cronies, yet we claim to have govt. My Dear things are bad in our beloved country. So let us all shout out and condemn it instead of building on lost hopes.

I support the stance taken by the paris club. Why should they cancel debts of over $18 billion, only for selfish politicians to enrich themselves with the money that was to be used in paying the debts.
I think the G8 should give all African countries such conditions because it's obvious that African leaders are only trying to enrich themselves rather than develop their countries.
The paris club/G8 must make sure that the money that was supposed to be used in paying the debts of various African countries, is invested in the economy inorder to improve the welfare of the people. I would also like them to be scrutinizing the bank accounts of various African leaders who open several bank accounts in Europe. That way, I believe the African leaders might have no other option than to invest money in their countries rather than bring it abroad.

Loving your post right now. You've said it all in a nutshell.

U made valid points but is that what you would recommend we be placed in the 6th place status.

I could query a lot of things you've said concerning Nigeria and oil but I choose to leave it as it is.

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Wife from NR

MY DEAR WE CANT SHY AWAY FROM THE TRUTH .

Am not shying away from the truth. Nigeria’s present state is not as bad as we want to paint it when we compare ourselves with other developing/underdeveloped countries. We could still do much better. How many charity organizations across the world send food and other resources to Nigeria, do you know how many millions of Indians and other countries don’t have food to eat, don’t have parents, live in the streets, no education etc. Nigeria has a high literacy level; we have skilled people, great entrepreneurs without degrees, how many countries still provide free education or cheap university education to its citizens?

We can argue this whole thing without getting anywhere but let it be.

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Wife from NR

Give me examples of the countries with rich mineral resourses that are progressing at a snail pace like NIGERIA.