President of Uganda Yoweri Museveni delivered a statement at the 21st International Development Association (IDA) Africa Heads of State Summit in Nairobi, Kenya

He called upon my African brothers to audit the intentions of the World Bank loans to ensure that they are for prosperity rather than profiteering. What loans are we getting as Africa? Is the World Bank giving us loans for private sector-led growth or to be more dependent?

He highlighted that main reason there is no growth in Africa is that the growth factors are neither funded nor understood; those who want to help Africa should fund our transport systems, electricity, raw material processing, and import substitution.

Why are we being funded to import and hold seminars in the name of capacity building?

"I, therefore, challenged my African brothers to think about the hemorrhage of Africa. Our populations are increasing, but our economies are stunted. The IDA should tell us why they are funding the modern slavery of Africans, and we should address issues like why Africa is producing what it does not consume and consuming what it does not produce."


https://www.youtube.com/watch?v=zuscVUai6F0

Leaders that has sense about "the tomorrow" of their children. A Kenyan was telling me about this speech few days ago in Canada. Thanks for making me listen to it myself.

Move from consumption to production. If you can't export, make sure that you are self-sufficient at least. FG and all organs of government should patronize made in Nigeria goods. Make it standard you have the regulatory authority.

Stop listening to IMF, the are after profiting not prosperity.