Good people, if you get help and subsidies at USAID, please, my message was not after you. Of course, I understand the disturbances that recent changes in USAID trigger through Africa. I really feel for all people affected, including citizens, businesses and communities.
But note this: I did not vote for Trump even if I wrote that he would win. And I don’t like most of its policies. But by cutting USAID, I want to congratulate him for doing this in Nigeria and Africa.
USAID has a budget of around 50 billion dollars and it uses this budget to distort the markets. I can appoint at least 14 companies withdrew due to distortions of illegal subsidies where once the subsidies have been obtained, the market goes and the companies have closed. Then, over time, the grant ends and people are back to square one. So when you look at these subsidies and AIDS, they do not offer any lasting path to economic emancipation.
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That said, while Trump plans to create a sovereign fund for the United States, I recommend Nigeria as an investment place. Yes, replace USAID subsidies with investment funds in Nigeria. We welcome beautiful America and want USAID 2.0 to do everything it does via investments. This will require USAID 2.0 to offer a sustainable and sustainable game book in African communities.
President Donald Trump has signed an executive decree requiring the creation of a sovereign fund over the next year, a decision that could place the United States alongside several nations that have used similar investment vehicles to shoot party assets for economic growth.
The order, rendered on Monday, asks the Treasury and Trade services to submit a proposal within 90 days describing the key aspects of the fund, including its financing mechanisms, its investment strategies, its governance structure and its framework operational.
While sovereign funds are commonly used by nations with significant budget surpluses, such as those in the Middle East and Asia, where they are funded by oil income – Trump directive raises immediate questions about the way of which such a fund could be established in the United States, which operates in a deficit. The feasibility of the plan remains clear, because its creation would probably require the approval of the congress, given the absence of a budgetary surplus to support it.
You can ask, what happens to those who need immediate help? I explained how Africa managed it in the past; We must evolve such initiatives to help our vulnerable population even while we are pursuing sustainable economic development.
In my village of Ovim, there is a setting that has allowed the rise of the free market and the support of vulnerable so that people do not go to the stomach empty. In Agbongele Ugwunta, it is a prescription until today that any harvest that has grown there belongs to the community. The idea is that you can have a large farm that you direct and earn money, but there is a chance that not everyone can afford the products.
To help those who can be unable to pay, you will be happy to be in Agbongele and plant things and maintain things knowing that your fellow citizens will use these things. It is an abomination to harvest and sell anything in Agbongele as for consumption in need. While in the village, I planted and I was proud to see him grow, knowing that one day someone will need it to avoid hunger!
The USAID website is offline and it is a reset for Africa
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