Showing posts with label Financial Post. Show all posts
Showing posts with label Financial Post. Show all posts

Sunday, 5 June 2016

Canadian newspaper calls for the unbundling of Nigeria into major nationalities to stave off looming implosion

Canadian newspaper calls for the unbundling of Nigeria into major nationalities to stave of implosion
"Nigeria doesn’t need cash; it needs good governance, which is likelier to occur if the Igbo rule themselves in the southeast, the Yoruba in the southwest and the Hausa and Fulani in the north. The West blew it a half-century ago when the Igbos attempted to achieve self-determination by establishing the Republic of Biafra. We may soon see a reprise of that civil war. How the West responds will determine whether the nation states within Nigeria achieve self-determination, or whether Nigeria, like Libya and Somalia, becomes another failed state."

The resource-rich former British colony — until recently Africa’s largest oil exporter — is now racking up deficits, and negotiating multi-billion dollar bailouts through agencies such as the World Bank. Akos Stiller/Bloomberg

Nigeria doesn’t need bailouts; it needs to change its governance.