The needs of Africans must be prioritized in international development financing efforts, according to President Bola Tinubu, as Africans cannot enjoy democracy while her people are suffering from hunger and poverty.
According to his assertion, Africa must come to an agreement that the hundreds of billions of dollars invested through IDF institutions over the years must be used to satisfy the unique needs of growing democracies in Africa, even if this is done only out of consideration for their own enlightened self-interest.
When speaking with Cyril Ramaphosa of South Africa before the UN General Assembly in New York, USA, Tinubu said, “We must work together and concur that International Finance Institutions need reform as Africa is no longer to be a ground for economic scavenging.
In a statement he published on Monday under the title “President Tinubu advances stronger economic ties with South Africa: seeks reform of Bretton Wood institutions to strengthen economic resilience of developing democracies,” Special Advisor to the President on Media and Publicity, Ajuri Ngelale, made this disclosure.
“The Marshall Plan was established during the end of the Second World War for the reconstruction and economic restoration of European nations through Bretton Woods institutions,” he claimed.
Where has Africa been represented by this? We need to be careful not to buy a new pair of shackles to replace the old ones that broke yesterday.
“Knowledge poverty and population famine are incompatible with a stable democracy. Democracy without access to food is a breeding environment for what, if care is not taken, will consume us.