Posts Tagged ‘aid’

Forever Captive?

When will Nigeria stop groaning under the thumb of her colonial master? Yes, yes, Nigeria got her independence from Britain in 1960. Or so we thought. One aspect of colonialism was difficult for the masters to give up. Why? Consider the reasons for colonialism. The primary motivation for colonization was economic, although there were also political and social benefits. So when Nigeria was given her independence, her wealth was not something the colonial master could easily turn their back on. All that cocoa and rubber and palm oil, and best of all, the newly discovered crude oil tugged at the heart of the colonial masters. But then their regret turned to joy. Slowly but surely they will get the money after all. For, it became obvious with time, the Nigeria heads of state and politicians were like cats left in charge of mice. It turned out for the British much better than they could have expected. The boundless greed of Nigerian politicians became Britain’s windfall.

This week we welcome the Prince of Wales and his wife Princess Camilla, the Duchess of Cornwall. They will be in Nigeria from November 6th to the 8th as part of their tour of Africa. Mr. Arkwright, the British high commissioner to Nigeria, talking to the News Agency of Nigeria in preparation for the visit, laid out an agenda that includes finding workable solutions to the problem of the herdsmen who have been slaughtering Nigerian farmers and others. According to Mr. Arkwright, “Some of the issues like the farmers/herders crises are deep-rooted and are about the economy, land resource, climate change and cultural issues.” He also said that addressing the root of the problems would lead to a peaceful and more prosperous Nigeria.  But what Mr. Arkwright, and likely, the visiting royals hesitate to acknowledge is the prominent part Britain is playing in the corruption that keeps that “economy” backwards and prevents a “more prosperous Nigeria.”

We have watched Nigerian heads of state and then politicians over the years drain the country of its wealth leaving their fellow countrymen in abject poverty. And who is the recipient and guardian of their loot? Look no further than Britain and Switzerland, and lately the U.S. A good part of the multi-million dollar homes in London are owned by Nigerian officials whose sole source of wealth is the loot from their positions as public servants. Britain knows it, the U.S. knows it and the world knows it. Yet, all we hear about is the aid they give us. According to Global Financial Integrity (GFI), financial outflows from developing economies through trade misinvoicing and other corrupt practices perpetrated through shell companies, tax havens and secrecy jurisdictions far exceed the aid and other assistance from developed countries. The illicit financial outflow from developing countries in 2013 alone was $1.1 trillion (with sub-Saharan Africa suffering the biggest loss—about 6.1% of GDP) while the combined total of Foreign Direct Investment (FDI) and net Official Development Assistance (ODA) from the developed countries to the developing economies for that year was $957.3 billion: a net loss of $42.7billion by the developing economies.

So when David Cameron said that Nigeria was fantastically corrupt he had firsthand knowledge of the evidence of that corruption. Nigerian money has been flowing boundlessly into the U.K and its overseas territories without restraint. True, they see the dilapidation of Nigeria. They hear the groans of her people. But, they know the benefit to their own economy. And greed, that eternal enemy of all good intentions, has not allowed them to truly free the captive. Corruption, the bane of Nigeria, is a boom to its former colonial master. Hence, they hesitate to do what is in their power to stop it.

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