Social activist and former Nigerian lawmaker, Senator Shehu Sani, has knocked the World Bank and the President Bola Tinubu-led government’s economic policies despite its harsh effects on Nigerians.
Sani said that the World Bank only wanted the hardship in Nigeria to extend to the next 15 years before Nigerians could reach the “promised land” of a healthy economic system that would favour Nigerians.
The former lawmaker who questioned how many Nigerians that would remain alive to enjoy the fruit of the World Bank in its promised land of economic boom, questioned how many African countries the World Bank had taken to the said promised land.
Sani in a post on his X account said, “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 did the World Bank take to the promise land?”
SaharaReporters had reported that despite the rising hardship in Nigeria, the Vice President and Chief Economist of the World Bank, Mr. Indermit Gill, urged the President Tinubu-led Nigerian government to press forward with its ongoing economic reforms, despite the significant hardships they are causing for many Nigerians.
Speaking at the opening session of the 30th Nigerian Economic Summit (#NES30) in Abuja on Monday, Gill highlighted the importance of sustaining the reforms to pave the way for long-term economic growth.
He commended the Central Bank of Nigeria (CBN) for its efforts in unifying exchange rates, a step seen as crucial for stabilising the economy.
However, Gill acknowledged the tough conditions many Nigerians, especially the poor and vulnerable, are facing due to these changes.
He emphasised the need for the government to provide cost-effective safety nets to protect the most affected.