Originally Posted by
KingJaja
Stan,
Nigeria's Federal Budget is about $32 billion, the average state budget (we have 36 states) is about $1 billion. I'm sorry to say this, but $93 million dollars isn't very much money compared to those sums - & if US should stop all (or most of is assistance to Nigeria), Nigeria will not collapse.
This was exactly the same argument the Brits and the Indians had, & British are winding down on their aid commitments to India - & there's very little impact on India.
How many Nigerians depend on US aid? Poor, middle class or wealthy?
In fact, aid can be counter productive as Dambisa Moyo eloquently argued in Dead Aid, it doesn't always build local capacity nor does it promote accountability.
We both agree, Africa is too insignificant to warrant a visit from the US president. Since the Chinese, Russian & Brazilian leaders (and taxpayers) haven't voiced their opposition to funding boondoggles in Africa - let them come to Africa, if they bring business that can help me feed my children, well and good.
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