France and the UK should lose their Veto power, they are becoming more and more insignificant in the new world order.
China should definitely keep it as they are becoming slowly but surely the first economical power.
The US should keep it too just to bother all the haters and also for the fact that it ain't going nowhere (sorry Fletch, no knife anarchy for you yet)
Russia, well no one will dare tell the Russians that if they don't shake it a little, they will soon become as important as the French.
As for giving veto power to an African nation; it seems like African nations are incapable of administering themselves, slaughters after massacres and worst like genocides in Rwanda and now in Sudan. Plus the fact that Africa is actually starting to see its population deflates dues to malnutrition and aids
When you think that a country like Malawi is losing 10 people per hour to aids
The UN still has a need to exist, sure it does not have real power, but it can still be used to avoid some wars and conflicts. It did keep saddam in power for an extra 10 years
