Prince Frank Ukonga lecture 53: The institutionalization of Poverty, Hunger, Penury, scavenging, Homelessness, Terrorism, Corruption, Looting of public and private treasuries, debt burden and its negative impacts of underdevelopment of Africa & Developing countries of Planet Earth-As backlash of Decades of living dangerously--A 21st century panacea with focus on the Nigerian project.



His Excellency Prince Frank Ukonga addressing members of the Press in Benin City Edo state recently

Prince Frank Ukonga lecture 53:  The institutionalization of Poverty, Hunger, Penury, scavenging, Homelessness, Terrorism, Corruption, Looting of public and private treasuries, debt burden and its negative impacts of underdevelopment of Africa & Developing countries of Planet Earth-As backlash of Decades of living dangerously--A 21st century  panacea with focus on the Nigerian project.
 Corruption & Looting: Money set aside for capital and recurrent expenditures are looted away by  some of those entrusted to lead and invest these moneys to develop Africa and developing countries…thereby under developing the people they are supposed to develop to sustainable international standard practice; causing as the direct progenitor of virtually all the problems that plagues Africans and developing countries of the 21st century mankind of subsequent creation as they only helped to chase the white imperialist away and replaced them in the exploitation of Africans and many nations of the developing world which was well orchestrated in the classics of Lev Tolstoy a celebrated Russian classic writer of all times as ”contradictory course of historical development and its catastrophic consequences”…these set of secondary problems caused by some kleptomaniac leadership of the African continent who loot away all the treasuries of African countries ,and the developing world have become embarrassing to all and sundry among homo sapiens of all times leading to the following reactionary backlash :
Debt burden; stagnation, insolvency and illiquidity: After looting away the frail earnings from products of primordial resources of the developing countries exports receipts of basically primary raw materials to feed the factories of the developed world, the developing countries of the world including Africa ends up in the debt club of becoming huge debtors Nations of the  shame’ a simile of “Nevsky Prospect” of the celebrated classics of Alexandra Pushkin- “ Queen of Spades”- Pikavaya Dama- where the personage of Harman  youth to the marrow courted the friendship of Elizaveta  an unsuspecting octogenarian only to steal the secret of the spades, a source to everlasting riches, as a lover to be;  and shakalinsky who was the scoundrel of Neveksy Prospects fleecing unsuspecting Nation of men and women off their earnings and yet here Pushkin in his genius described Shakalinsky and Herman as goods looking, matured, handsome men with good demeanor that you would pass as good men but they are exactly the opposite and that fit the personage of some African thieving leaders and in general the third world; the African media describe these set of leaders as pen robbers=……
Africa and developing countries becoming net exporter of capital;  Africa exports over 60 billion dollars annually from Africa due to debt default, Re schedulement, illiquidity and insolvency : the debt burden was   so endemic in the past 7 decades of the Human race while in the previous century the debt burden captured the majour aspects of public and private discuss of all mankind of that epoch…with debt insolvency, default and illiquidity being the order of the day resulting in debt payment  re schedulement while interest continue to accrue and Africa plus the developing world became net exporter of capital to the developed world- for example, a country like Nigeria that borrowed about 5 billion dollars from several  financial syndicates of the world became indebted to the tune of 50 billion…ie 5000% due to default, and re schedulement…until a succor came during the gulf war when many debts of the developing world were written off by the creditors while Nigeria had to pay 20 billion dollars due to improved earnings from the mono culture petroleum exports…and had a debt forgiveness  …and in the 21 century the debt portfolio of developing countries and African countries is increasing on daily basis and  currently Africa is a net exporter of capital to the tune of 60 billion dollars annually and if   not checked the situation of the upper quartile of the previous century will soon manifest again…as history repeats itself..remember the classic maxim that those who go a borrowing goes a sorrowing…whence there is the urgent need to check corruption and looting of public and private sector treasuries…and also to question borrowing and use loans wisely to implement projects that yields returns…
Miss management and looting of borrowed money, Loan, developmental finance, grants and Assistances to Africa and developing worlds: Few Months ago ,the Debt management Commission of Nigeria came out with a shocking news about the debts of state governments in Nigeria and identified about 9 states that are under heavy debt burden and added that in all these heavily indebted states there is little or nothing on ground to show for these huge state debts. It was published  in one edition of News World Magazine you can go buy it and read it yourself...And that is the real problem where loans, grants, are looted away…the investments for which these loans were taken not implemented or shabbily implemented as the bulk of the loan find its way into private accounts so the case becomes that of double tragedy for the peoples who have to repay the loan looted away and no investments done ;this would lead to default, illiquidity, insolvency and the collapse of many states very soon……the case is pathetic and despicable…a simile of the one improvised by another celebrated classic  writer called Ivan Goncharov.. In his classics”Oblomov” he captured the exact scenario of the African and developing countries of today noting that- the  “situation of stagnation, uselessness, and dead immobility { shiftlessness} of that genre ruin and corrupt peoples who were good by nature” and till today that phenomenon of obtuse rabid and wanton corruption, larceny, squandimania is known in classic circles as “ Oblomov”
Redundancy/Joblessness: voluntary & involuntary, comatose infrastructures and real sector economy, AIDS,EBOLA and poor health delivery system etc: The bulk of African continent have become plagued by this albatross of redundancies of voluntary and involuntary redundancies of skilled and unskilled labour…men and women youth to the marrow roaming the streets of African countries and Latin American countries without jobs nor hope of getting employed in their entire life span…the money that should be used to create factories . industries and opportunities of investment and the investment atmosphere would be looted away or have been looted away , mis managed by the leaders of these countries and their surrogates and hanger on , so the jobs are not just there so stop writing application letters,,, and the developmental finance  from export receipts, plus loans, plus assistances from all over the world are eaten up by some greedy leaders and their cronies leaving the masses of these countries to waste away in poverty, penury, scavenging, hunger, homelessness, endemic diseases, no water, no electricity, no roads, no hospitals, no schools and the peoples are forever destined to waste away in ruins , HIV/AIDS. Malaria, shame and eternal grief and death a simile of the improvisation of Dostoyevsky the celebrated classic writer who  observed “ the contemporary generations of mankind simply waste away their lives not capable of heroic deeds of their ancestor, nor take chances even for the sake of their own happiness-…”….. and also improvised by George Elliot , a celebrated writer of the Elizabethan classic genre thus   in the Weaver of Ravelor- the observations of wandering peculiar men and women who are semblance of a dis- inherited race “…and in this case  Africa was dis -inherited by various acts of commissions and omissions of which their leaders are most responsible…it is pathetic and a shame to the entirety of the human race of subsequent creation to tolerate such occurrences as it is a disgrace to intelligence as well as it corrupts intelligence…and that is why the gods continue to insulate other realms of creation from being contaminated by the wickedness and satanic ways of mankind of subsequent substantiated realms of  creation…
Illiteracy, Education, pseudo intellectualism, mediocrity ,surrogate leadership: After wasting away the post independence goodwill of the Nations of most developing world the leadership out of indiscretion, selfishness and the thirst to perpetuate themselves in power refused to invest in qualitative education of the peoples of many developing world…and today in Africa the illiteracy level still stand high as above 60% of its peoples remain illiterates or semi illiterates and many graduates produced from some of the universities as at today are like illiterates; as some, it has been alleged cannot write their resume nor write application letter for job placement and it is the story of mass failure in many exams where less than 30% passed…a simile of what Turgenev a classic Russian writer of celebrated genre improvised in his Hunters Sketches- Axotnie Zapiss= about young lads “youth to the marrow who stupidly jokes away their lives’ while Lermontov another celebrated classic writer of same genre concluded of his popular personage Pechorin a miserable exploiter that “and we their sorry descendants  wondering the world without any conviction nor pride; we are no longer capable of any sacrifice either for the good of mankind nor for our own happiness….”
Poverty, Hunger,scarveenging,terrorism,penury,shiftellessness,stagnation,urban decay, crimes, homelessness in developing world; backlash of the global  Satanic Production Relations & cooperate greed : The celebrated classic writer Alexander   Herzen captured the situation  of today in Africa and many developing countries in his Memoirs, by noting that the masses have become frightened out of their wits, by the  continuous tyranny of the ruling genre, the pseudo intelligentsias  and liberals languishing in enforced inactivity of shiftlessness; results in the frightening scenario of poverty, hunger, homelessness, want , crimes, terrorism,  penury, and all the vices under- developing,  emerging democracies of today… and the situation will pervade the entire 21 century unless we all change our attitude from passivity to become conscious beings that determines consciousness and awake, to the fundamental Marxist maxim of human ontology as crested in aposteriori knowledge; that by and by human beings determines consciousness as in aposteriori knowledge from whence emanates enterprise and it subsequent various stages of productions from whence comet productions relations. The situation is precipitate of the inalienable truth that the contemporary production relations of most of the developing world countries and even those of the developed world  is moribund  and its consequences is the poverty, redundancies, hopelessness, frustrations, homelessness, hunger , crimes, terrorism, etc….for example in the United states and most parts of the world less than 10% of the population owns more than 80% of the entire wealth while  90% of the population is caged into poverty to live with 20% or less of the wealth of the countries and in the developing world and Africa it is even more acute as less than 5 % owns more than 90% of the entire wealth and millions of peoples are caged within the remaining 10% of the wealth of African countries  and the developing world…in this kind of scenario  of satanic production relations there would certainly be acute hunger, joblessness ,homelessness, poverty, prostitution, grief and death….
Religion strives, civil wars, crimes, drug trafficking, terrorism local and regional conflicts & its negative impacts on the development of sustainable democratic, cultural, economic and infrastructural institutions: when a nation is well governed  there would be less civil strives as novel definitions of conflict resolution would be adaptable to resolving conflicts but when a nation is ill governed many ills like crimes, frauds, arm rubbers, terrorism ,and all sorts of conflicts would germinate mainly because of the fact that peoples becomes frustrated and vices become the order and no more an aberration…whence there is the urgent need  for developing  countries to strengthen their institutions from the democratic institutions to that of judiciary, economic ,real sector, cultural etal so that the institutions would be stronger than individuals this would ease the cases of corruptions, crimes, cooperate greed, etc
A wasted generation?; Nobel Laureate Professor Wole Soyinka summarized  the some miss managed  developing world dilemma as  “a Wasted Generation”: this miss management  Exacerbate  discrimination on global scale, racial intolerance and promote restrictions- After wasting away through mis management of the receipts from exports earnings of these developing countries and the developmental loan for development looted away to private accounts the creditor countries begin to feel unsafe in the in workability of the proffered solution to the problems of developing world ,as the endemic poverty and frustrations of the peoples of developing world begin to wear a tertiary level of mass exodus of the peoples of developing countries to the developed countries in search of greener pastures…the develop countries began to put restrictions on travels of different sorts…for example when Nigeria was rich and well managed in the Gowon Era and the Murtala Mohammed Era most countries of the world allowed Nigerians to travel to their countries without visa and at best the visa would be issued at the point of entry because they are cognizance of the high standard of Nigeria and those two great leaders; but After the death of Murtala Mohammed , all the monies he left in the account wasted away in mundane adventurism and looting , Nigeria began to borrow from all over the world; the developed countries of the world began to demand visa to be issued from their embassies in Nigeria and till today many barriers and restriction are being put forward by developed countries to frustrate peoples from checking out from their miss managed countries to come and become a liability to them and you cannot blame these developed countries for doing that …
Sanitary condom of the imperialist west and other well managed economies of the world: recently the United Kingdom planned a 3000 pounds VISA bond for would be travelers to the UK on some developing countries of the world..if these countries had good well managed economies that is upward mobile, sustainable and well managed institutions they would not place them on VISA bond but rather would welcome then with two warm hands..Why are they not placing VISA bond on India and China that used to be in the category of developing countries a few years ago but have managed their countries so well to the admiration of all men and women and the gods alike..why are they not putting VISA Bond on South Korea and Brazil, South Africa, Indonesia, etc who are also developing worlds that suddenly emerged as Economic tigers of the world with strong well managed institutions..……but if we had managed our country well the white , the Asians, the Americans, the Europeans also would have loved to come and visit us, to come and join hands with us in our countries of developing world , to come and live side by side with us and contribute their quota in the development of developing countries..even some can even come and seek for citizenship of our countries but as it is now nobody even the gods does not take joy in associating with failures, weaklings and scallywags;… the gods only tolerate failure… they are not happy when we fail….it is well spelt out in the bible of the story of the master that gave three of his servants talents when going on a journey…when he came he asked of them what they did with their talents..he took all the talents from the servants that did not use it well and gave it to the one that invested it well…When Saul was made first King of Israel and he failed God, he was rejected by God and God went for David a village Sheppard boy to replace Saul Since then the entire world and the gods identify with David , name their sons after David and his heroic exploits;  I have travelled round the entire world and have not seen any person identify with Saul nor Judas Iscariot, nor name their sons after them………so it is clear, and no argument here that the leadership of most  developing countries have inadvertently wasted away their talents in what our Nobel Laureate of all times, Professor Wole Soyinka summarized as a “Wasted Generation,…”
Prince Frank Onaivi Ukonga- Publisher and President National peoples News, is a Noble prince from the kukuruku provinces, principalities and powers of the Mid West Region of the Nigerian Federation; a pan African intelligentsia speaking over 10 languages of the world; vast in mathematics, structures, engineering, literature, classics, arts, painting, philosophy, political economy, artificial intelligence, dialectics, ancient, medieval and contemporary history and thoughts: believe in Prince Frank Ukonga for he is an acetic noble man of goodwill who want the best of best for all members of the human family of  substantiated realms of subsequent creation. gratitude.

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