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Nigeria A Banana Republic - Politics - Nairaland

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We Were Virtually In A Banana Republic Under Jonathan -bishop Mike Okonkwo / Former President Goodluck Jonathan Was Turning Nigeria Into A Banana Republic / Nigeria: A Glorified Banana Republic. (2) (3) (4)

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Nigeria A Banana Republic by danieldinho: 6:20pm On Jan 11, 2012
Ever since the fuel subsidy issue came up,have been googling and searching a perfect name to call my dear country, finally i found one NIGERIA o dear country is a banana republic a name which the ruling class has hidden from us.

In practice, a banana republic is a country operated as a commercial enterprise for private profit, effected by the collusion between the State and favoured monopolies, whereby the profits derived from private exploitation of public lands is private property, and the debts incurred are public responsibility. Such an imbalanced economy reduces the national currency to devalued paper-money, hence, the country is ineligible for international development credit and remains limited by the uneven economic development of town and country. Kleptocracy, government by thieves, features influential government employees exploiting their posts for personal gain (embezzlement, fraud, bribery, etc.), with the resultant deficit repaid by the native working people who “earn money”, rather than “make money”. Because of foreign (corporate) manipulation, the government is unaccountable to its nation, the country’s private sector–public sector corruption operates the banana republic, thus, the national legislature usually are for sale, and function mostly as ceremonial government.[3]
. . . a money class fleeces the banking system, while the very trunk of the national tree is permitted to rot and crash. . . .
—Christopher Hitchens [4]
source http://en.wikipedia.org/wiki/Banana_republic
Re: Nigeria A Banana Republic by danieldinho: 9:45pm On Jan 11, 2012
Notify the masses, the western world and imf wont tell them, the so called democracy in disguise benefit there oil firm, the media wont help, make the system that is run by this wicked govt knwd to themh, share on facebook retweet so that pple wld knw the kind and type of govt that we have

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