Monday, October 16, 2006

The way things are now, we should be promoting the mutual blessings and beauty of our Black and African Diaspora. Leading the charge must be from the Mother Continent. Happily, we've got loads of talents and immense known and latent resources. The African Union should wake up....today!

On my part, I will be doing some serious research - especially online - in order to get educated, and to enable me propose some really wacky ideas on the way forward. I want to know more about Blacks everywhere, especially in Latin America/Caribbean and USA/Canada. Then I will review how far the debt relief a la Gleneagles has fared.

Let's put my native Nigeria on notice: Be very ready to put some of your huge petrodollars and foreign reserves to work in ALL the Black Island States around the globe. Be eager to do new and creative socio-economic good/interventions on our continent. This is the duty and proper example of the African Giant that you are.

Note this: Don't lock all those monies in fixed deposits in developed countries while your own brethren are languishing from lack of investments/access to credit. Put part to work in those lands, Big Brother! You know,1 in 6 Blacks is a Nigerian.... so, what or who are you waiting for?

We know today that several small countries of the African/Caribbean/Pacific block are poor, with populations ranging anywhere from 50,000 to 2m. Those nations could, on head-count, be easily compared to sizes of local government areas, states or zones in Nigeria!

My initial thoughts: Dedicating US$5bn to strategic infrastructural, trade and human capital development will do real good to these nations. This will open up their economies, help to attract more foreign and Diaspora investments, and boost long overdue intra-diaspora trade and bonds. We can do it as very low-/interest-free loans, counterpart funding and export guarantee facility. We should then use this composite basket to incentivise the Nigerian private sector, including some of our now highly-capitalised universal banks, as well as some leading-edge NGOs and the academia to follow the trail. Wasn't this how the now-developed countries helped themselves?

America did it for Europe via the Marshall Plan. Nigeria should lead Africa to do so for all our vulnerable folks in the Black & African World. We should do so TODAY. 2007 Aspirants, please take note. Indian and Chinese politicians are doing so successfully. Nigerian leaders must too.

Hey, that's not nuclear or space science, is it?

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