For long, Western countries have pillaged the African continent. Now, Africa has the negotiating leverage to steer any proposed agreement with the West in a way that benefits it. African countries have made it crystal clear that they will not allow Western countries to continue plundering them.
ABUJA NOVEMBER 24: For long, Western countries have pillaged the African continent. The wealth of the West was built on Africa’s enslavement. However, today, the European nations are being hoisted by their own petard. Now, Africa has the negotiating leverage to steer any proposed agreement with the West in a way that benefits it.
In the wake of global protectionism brought on by the COVID-19 epidemic, Africa has begun to comprehend the significance of self-sufficiency. African countries have made it crystal clear that they will not allow Western countries to continue plundering them. This has prompted energy-starved greedy Western countries to plunder African oil.
According to recent figures, Nigeria is the world capital of oil theft, with at least 400,000 barrels lost every day. The larceny is wreaking havoc on Nigeria’s economy. The Nigerian naira has recently dropped to historic lows against the US dollar, and the government is straining to satisfy its foreign exchange obligations. Watch the video to know more.
Nigeria’s economy is the largest in Africa, the 31st-largest in the world by nominal GDP, and 30th-largest by PPP. GDP (PPP) per capita is US$9,148[159] (as of 2022), which is less than South Africa, Egypt or Morocco, but a little more than Ghana or Ivory Coast.
Apart from oil and gas, Nigeria exports fertilisers and cement/cement board, moulded polypropylene (plastic) products, personal care products, paint, malt beverages and armoured vehicles.
Major Environmental Disaster Threatens The Entire Red Sea Coast
