#InCaseYouMissedIt: Senate condemns US World Bank monopoly

by Lekan Olanrewaju

The Nigerian Senate on Tuesday spoke out about the World Bank presidency, condemning the stronghold the United States has on the position.

Speaking on Tuesday after discussions on a motion by the Chairman, Senate Committee on Rules and  Business, Senator Solomon Ita Enang and twenty other senators titled nomination of Dr. Ngozi Okonjo-Iweala for the President of the World Bank, the Senators highlighted the fact that Okonjo-Iweala’s nomination had drummed up a lot of support worldwide, and stated that they were concerned about the fact all past presidents of the institution had been nominees of the United States.

‘’Dr. Ngozi Okonjo-Iweal was nominated for the position of the President of the World Bank which made her one of the three persons contesting for the position” read the motion. “That her nomination elicited staunch support and universal acclaim not only by African countries, but also South American and all developing countries as well as her colleagues at the World Bank and eminent and corporate citizens of the world.”

The motion also raised that:

‘’Her candidature as Africa’s nominee also received strong endorsement and proactive backing by Nigeria’s vibrant media;

‘’Convinced that Dr. Ngozi Okonjo-Iweala’s knowledge and expertise as well as her first hand experience of managing complex financial and economic development issues at national and international levels qualifies her to lead the World Bank;

‘’Further convinced that her nomination was a clear indication of the trust the World Bank had in her abilities to deploy her skills, commitment and professionalism to steer the affairs of the World Bank; Disappointed that the candidature of Dr. Ngozi Okonjo-Iweala did not receive fair consideration in an open, transparent and merit-based process;

‘’Concerned that all the past Presidents of the World Bank have been citizens of the United States and or nominees of the United States since the world Bank was founded in 1944.

Well look at our senators, standing up for their sister. I guess we can all agree they definitely believe in the word “patriotism”.

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