Oyedele faults Nigerians for attacking World Bank over loans

Minister of Finance Taiwo Oyedele has criticized Nigerians who criticized the World Bank on social media for lending money to Nigeria, stating that their actions demonstrated a lack of understanding of how the system works. The minister addressed the media in Abuja about the Federal Government's economic reform scorecard. Oyedele explained that after some Nigerians attacked the World Bank's social media account over its decision to lend money to Nigeria, the World Bank disabled comments.

He used an ATM analogy to illustrate the consequences of not understanding how a system functions. Oyedele said that people without knowledge of how the system works may assume that the government is favoring certain individuals while denying others access to funds. He warned that leaders could emerge from such groups demanding equal access to funds, ultimately demanding changes to the system.

According to Oyedele, these protesters would gain nothing from their actions, as the underlying problem would remain unresolved. He emphasized that a failure to understand the systems behind economic issues could result in wasted effort. Oyedele also cautioned against the manipulation of economic data for political purposes, urging Nigerians to consider whether their actions were aimed at building or tearing apart the country.