Nnamdi Obi
@nnamdiobiii • 4,654 subscribers
a concerned Nigerian | building @usemanaa. I talk sales, product design, marketing & tech. | CHRISTian
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How Abacha Challenged the West This is the part most narratives bury under the corruption story: 1. He rebuilt Nigeria’s foreign reserves under sanctions. Under Abacha, Nigeria’s foreign reserves grew from $494 million in 1993 to $9.6 billion by 1998, and external debt was reduced from $36 billion to $27 billion — all while under Western sanctions and with oil averaging around $15 per barrel. That’s a significant economic feat that contradicted the IMF’s structural adjustment playbook entirely. 2. He rejected IMF conditionalities. He brought the privatization programs of the Babangida administration — IMF-aligned programs — to a halt, and reduced inflation from 54% to 8.5% without following Western prescriptions. This was a direct rebuke of the Bretton Woods institutions. The West wanted SAPs; Abacha refused them. 3. He defied UN sanctions on Libya. In 1997, Muammar Gaddafi’s West African tour to Abacha directly infringed UN sanctions on Libya, and Abacha received him publicly with thousands of supporters in Kano. This was a deliberate signal — Abacha was building an alternative bloc with leaders the West was trying to isolate. 4. He was the backbone of ECOMOG. Under Abacha, Nigeria contributed the largest troops and resources to West African peacekeeping in Liberia and Sierra Leone, often funding operations alone when other regional powers hesitated. Former Ghanaian President Jerry Rawlings is quoted saying: “It was Nigeria under Abacha that gave ECOWAS its backbone. Without that courage, West Africa would have descended into chaos.” This regional military muscle made Nigeria structurally dominant in a way that threatened Western-mediated stability frameworks 5. He was consolidating permanent power. By April 1998, Abacha had coerced all five political parties to endorse him as the sole presidential candidate. A Nigeria locked permanently under an anti-IMF, pro-Gaddafi, ECOMOG-funding strongman with $9.6 billion in reserves and no appetite for Western financial institutions was a fundamentally different geopolitical problem than a temporarily compliant dictator they could manage.
Nnamdi Obi38,064 Aufrufe • vor 3 Monaten
This what Nigerians Call independence. You got independence on a platter with agreement to serve an imperialist, her her heirs and successors. Nigeria is not independent. It is simply keeping its own part of the deal by doing the work of the so called majesty.
Nnamdi Obi14,871 Aufrufe • vor 3 Monaten
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