An Eye Opener: I might even get killed because this is the level of truth they don’t want you to possess. From colonial times to date, all major contracts in Nigeria are handed over to Foreign Companies or foreign employees. Ask any economist, and this contributes a whole lot to why you are poor as a Nigerian.
Let me break it down clearly for you…
China Civil Engineering Construction Corporation (CCECC) built most of the major railways, including the Lagos-Ibadan line with its stations, Abuja-Kaduna, Kaduna-Kano, the Port Harcourt-Maiduguri Eastern Railway, and several light rail projects in Abuja. They use highly paid Chinese engineers and Chinese managers, while poor Nigerians are used as common Labourers.
The Chinese do not pay for those projects. No. That’s what they made you believe because the loans are from China. It’s not free money. You pay them, Nigerians, yet you are used only as labourers. This is how it works: Nigeria borrows the money for those projects, and the money is then paid directly to the Chinese company.
Remember, it is borrowed money, so Nigeria has to repay the loan at high interest. The entire money borrowed remains overseas. Not one kobo comes to Nigeria. Even the little proceeds of corrupt practices end up overseas, too. Oh, haven’t you heard that one man has over 106 properties in the UK? Do you also want me to tell you how they buy those with money that could have been loaned to you to fund your business? Well, the labourers become slaves to their Big Chinese master, with our own money.
Julius Berger has constructed many of our biggest roads, bridges, and infrastructure projects, such as the Eko Bridge, Third Mainland Bridge in Lagos, the Abuja National Stadium, airport terminals, and numerous federal highways across the country. Their top management is mostly from Germany. Like the Chinese, they use Nigerian labourers who are mostly underpaid, but the money stays in Germany while Nigeria remains impoverished.
Shell, MTN, DSTV, Total, Chevron, Setraco, etc., use the same formula; the money comes from Nigeria and escapes monthly out of Nigeria. These companies all export money from Nigeria in Billions.
Foreign engineers, managers, and technical staff are brought in and paid in dollars and very high salaries, while Nigerian workers are paid in Naira and earn almost nothing. Much of these foreign salaries are remitted (sent back) to their home countries through the banking system. The impact of this on our economy can only be answered by economists.
Besides the Expatriate salaries, all these foreign companies repatriate huge profits to their parent companies abroad. Oil giants like Shell and Chevron, for example, regularly send out billions of dollars in dividends from Nigeria to their countries. Julius Berger and the Chagoury Group do the same with their profits.
MTN and DSTV were crying when the Naira was floated because Nigeria used to subsidise dollars for these big companies. They bought dollars at very low rates and sent the money to their countries. Nigeria was feeding Germany, China, South Africa, and France through these companies while Nigerians languished in the streets of those countries seeking asylum.
I am writing this with tears in my eyes. I am deeply broken by the knowledge of what the world, in partnership with some leaders, did to our people. This is why I do not want to hear that one NGO from America or Germany, bla bla bla, wants to come and fight for our people.
I would quickly check their Financial records (yes, I can get any financial records of those NGOs), and I always cry when I realise that they used pictures of homeless Nigerian to raise over a million dollars annually and only spend $45,000 in building homes for the same people they used their pictures to raise money for.
Listen, I am deeply broken. Even the rich or middle-class Nigerians think they have escaped poverty, lol, they are still poor. They live in fear of the unknown daily. Is that the life you call wealth? The system keeps everyone poor. So I am broken because of this reality. Broken because the poverty of Nigerians has been weaponised by both their leaders and their International Partners.
There is a reason I’ve never celebrated Eko Atlantic and the Coastal Road project. The major reason is that I know the foreign investors and I’ve heard the kind of Return on investment they expect. Who will pay those Returns? Poor Nigerians. That’s why I told you that taxes will be a big deal in 2028. Mark my word. This is not about Tinubu. This problem started in the colonial times.
Let me tell you today… You are poor as a Nigerian living in Nigeria because of legalised capital flight. Yes, CAPITAL FLIGHT. Money that could have been used to build local businesses, solve insecurity, save lives, pay local contractors, and create massive wealth inside Nigeria and for Nigerians is quickly moved out. This is why you are now a slave to your Oyibo master, and you are happy because he promised to take you to his country, the same place your sweat and blood were used to develop.
