Just in case people are not aware, the removal of electricity subsidies in Nigeria, which has caused the astronomical rise in electricity prices, was directly dictated by the World Bank's to both the previous and the present Nigerian government.
Whether you think electricity… https://t.co/resznAwcaX pic.twitter.com/v7HHg7WZnp
— David Hundeyin (@DavidHundeyin) March 17, 2025
Just in case people are not aware, the removal of electricity subsidies in Nigeria, which has caused the astronomical rise in electricity prices, was directly dictated by the World Bank’s to both the previous and the present Nigerian government.
Whether you think electricity should even be subsidised or not (I personally think it should be, because there is literally no serious country in the world where it isn’t), what should worry you more than the removal alone is the fact that a small group of unelected, anonymous white men in Washington DC acting on behalf of a foreign state interest (the US govt is the World Bank’s biggest shareholder) have the power to determine how much you should pay for your electricity in Nigeria.
The electricity is generated in Nigeria, using Nigerian energy sources and Nigerian labour, and is distributed and transmitted using Nigerian infrastructure, but one group of oyibos you have never heard of who are sitting on another continent somehow have the power to instruct your government to raise your energy bills and complicate your life.
They even offer your government loans that it doesn’t need and isn’t qualified for, then they make disbursement conditional on increasing your electricity bill by removing the same electricity subsidy that they have in their own country, because Africa’s largest population and industrial cluster must not be allowed to have sustained and reliable access to cheap power. If it gets that, the only possible result is industrialisation – which means no more free natural resources and cheap labour to support the existing unipolar economic order.
This is why geopolitics concerns you in Agege. It literally determines the price of your Ikeja Electric units.
