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World Bank Want Nigeria’s Hardship to Continue for 15 Years – Shehu Sani
Posted by Thandiubani on Wed 16th Oct, 2024 - tori.ngSani’s remark comes when World Bank said the Nigerian Naira is among the worst-performing currencies in sub-Sahara Africa at the end of August 2024.
Former Kaduna Central Senator, Shehu Sani has reacted to calls by the World Bank for Nigeria to sustain its recent economic policies for the next 15 years.
Reacting, Sani accused the World Bank of intending to extend Nigeria's hardship for another 15 years before reaching the promised land.
Posting on X, the former lawmaker wrote: “The World Bank wants the hardship to extend to the next fifteen years before we can reach the promise land. I don’t know of how many people will be remaining at that time to enjoy the fruits of the WB in its promise land.The question is How many African countries have the World Bank taken to the promise land?” [sic].
Sani’s remark comes when World Bank said the Nigerian Naira is among the worst-performing currencies in sub-Sahara Africa at the end of August 2024.
World Bank disclosed this in its latest edition of Africa’s Pulse report.
Report showed that the Naira is at par with the Ethiopian Birr, and South Sudanese Pound in terms of decline in the region.
The report blamed the continued increase in the demand for dollars and limited dollar inflow for Naira depreciation in the last months.
According to the report, the Naira had lost about 43 percent as of August.
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