61–70 of 224 posts
Nigeria loses tens of billions of dollars a year to corruption, especially in their oil industry, especially among politicians. If I was Nigerian, I would find this sort of charity to be very embarrassing.
To all the commenters too busy being aghast at giving money to a government to read the article: > Nigeria’s debt to Japan is the result of Overseas Development Assistance (ODA) provided by the Japanese government in 2014 for increased polio eradication. efforts. > The country has made great strides in its efforts to eliminate the disease thanks to this funding. > Nigeria did not record a wild case of polio from July…
The thing that's weird to me is that an economy the size of Japan would even keep track of such a thing. The Japanese government could find that kind of money in the couch cushions in the name of humanitarian aid.
Presumably, Nigeria agreed to the terms, so I don't see the issue.
I'm I the only one who thinks that Japan kinda looks bad here? I mean, Bill's foundation is already dedicating $3B a year on development assistance, couldn't Japan just say to Nigeria: "You don't have to pay us back. Consider it a donation". How could they reasonably expect Nigeria to pay them back $76M?
Earlier quoted context omitted.
The thing that's weird to me is that an economy the size of Japan would even keep track of such a thing. The Japanese government could find that kind of money in the couch cushions in the name of humanitarian aid.
This was a loan, possibly from the taxpayers, it wasn't charity. Governments don't just "lose track" of $76 million owed to them. Or at least, they shouldn't. Presumably, Nigeria agreed to the terms, so I don't see the issue.
I'm I the only one who thinks that Japan kinda looks bad here? I mean, Bill's foundation is already dedicating $3B a year on development assistance, couldn't Japan just say to Nigeria: "You don't have to pay us back. Consider it a donation". How could they reasonably expect Nigeria to pay them back $76M?
> How could they reasonably expect Nigeria to pay them back $76M Oil revenue?
Earlier quoted context omitted.
Look, Nigeria is swimming in money yet remains a shithole. The Gates Foundation "donation" is only a replacement for tax money that went into somebody's pocket instead of being used for what taxes are meant to be used for, whether paying loans or building a healthcare system. I never said they were in the pocket of the oil tycoons. The oil tycoons aren't the ones embezzling the country's entire national budget.
>shithole you're tipping your hand a little much
You may think that "shithole" is too strong of a statement. But that description seems about right to me. What is average for Nigeria would qualify as a horrible slum in most countries.
Earlier quoted context omitted.
Yeah, the Gates Foundation only cares about their image, they're really just in the pocket of Nigerian oil tycoons. LMAO. Or, you know, there are tens of millions of people in Nigeria suffering from problems unimaginable in the West, and their goal is to help children and eliminate diseases rather than wait for fundamental governmental reform that won't occur for decades at least.
Look, Nigeria is swimming in money yet remains a shithole. The Gates Foundation "donation" is only a replacement for tax money that went into somebody's pocket instead of being used for what taxes are meant to be used for, whether paying loans or building a healthcare system. I never said they were in the pocket of the oil tycoons. The oil tycoons aren't the ones embezzling the country's entire national budget.
You're talking about $200 or $300 per capita of GDP going to corruption, maximum.
They have an economy comparable in size to Indiana, with 190 million people.
Earlier quoted context omitted.
> How could they reasonably expect Nigeria to pay them back $76M Oil revenue?
If they make so much cash with oil, then why does Japan and Bill Gates have to spend billions to help them fight polio?
-In no way meant to belittle what they did. I think what they do is awesome. Just being sarcastic about vaccinations in the US.