If Nigeria had been more careful, we would not be here today. It hurts me. We have the mechanism, we had the experience, but we were prevented to act.” - Okonjo-Iweala.

"If Nigeria had been more careful, we would not be here today. It hurts me. We have the mechanism, we had the experience, but we were prevented to act.” - Okonjo-Iweala.

Really? you people are far from being honest. You had the opportunity to save but you squandered it by sharing our resources with reckless abandon. Now we are faced with the dire consequences and you are trying to give excuses?

When President Buhari told Nigerians that he met a virtually empty treasury, you people were crying wolf. Today, you are coming out to say that you didn't save and why you didn't.

Well save it for yourselves. You people really need to tell Nigerians the wholesale truth that we are in this mess because of your reckless abandon, apologise profusely and start being constructive opposition instead of capitalising on the current hardships Nigerians are facing to bash the present Buhari administration.

Now, if I see anyone trying to say stop the blame game, then that person needs their heads examined after this confession from the almighty Madam Minister of Finance and Coordinating Minister of the Economy because we are in this mess because of their actions and inactions -@gloria _adagbon.

🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲🔲

WHY WE COULDN'T SAVE UNDER JONATHAN - OKONJO- IWEALA

Onetime Minister of Finance and Coordinating Minister of the Economy, Ngozi Okonjo-Iweala, has said governors were the reason former President, Goodluck Jonathan, could not save for the future.

Okonjo-Iweala in an interview with Le Monde said “some economists are very concerned for Nigeria, which could greatly suffer from the fall in oil prices. Others say the contrary, that its economy is strong enough to turn the corner.
“Both are right. But one thing saddens me. When I was finance minister the first time, the volatility of oil prices, and therefore state resources, cost at least three points of growth in the country.

“We then established a stabilisation mechanism and opened an account for the oil surplus, which posted up to $22 billion. In 2008, when prices fell from 148 to $38 a barrel, no one had heard of Nigeria because the country was able to tap into this fund. And that, I am very proud [of].
“When I returned to the department in 2011, there remained only $4 billion on this account while the price of oil was very high! I tried again to put money aside. The president agreed, but the governors did not accept.

“I suffered a lot of attacks from them and now that the country would really need this account, these same people accuse me of not having saved. If Nigeria had been more careful, we would not be here today. It hurts me. We have the mechanism, we had the experience, but we were prevented to act.”

https://www.today.ng/news/national/103037/why-couldnt-save-under-jonathan-okonjo-iweala

Comments

Post a Comment

Popular posts from this blog

Names in president Buhari's second ministerial list

Image
Names in president Buhari's second ministerial list The new ministerial nominees sent to the senate by President Buhari yesterday October 10th was read by Senate president Bukola Saraki this morning. They include; Brigadier-general NM Dan Ali, Rtd Prof. Isaac Adewole (prictured above) a professor of obstetrics and gynaecology and UI's Vice Chancellor James Ocholi: APC governorship aspirant in Kogi state Anthony Anwuka, a professor of education administration Okechukwu Enelamah, the CEO of African Capital Alliance. Claudius Omoyele Daramola, a professor of sociology of education from Ondo state. Aisha Abubakar. Adamu Adamu (Bauchi). Hajia Bukar Ibrahim, the former first lady of Yobe State, Senator Heineken Lokpobiri (Bayelsa), Jeffery Onyeama. Kadija Ibrahim Abubakar Bawa Mohammadu Bello
Read more

Olisa Agbakoba Speaks On 2014 National Conference.

Image
Olisa Agbakoba Speaks On 2014 National Conference. “You were a delegate to the 2014 National Conference. Do you think there is something in that report that can benefit this country if considered and implemented?” Olisa Agbakoba was asked by his interviewer He said; “We have been having national conferences going back to the time of Ibrahim Babangida, Sani Abacha, and (Olusegun) Obasanjo. They didn’t create the conferences in order to promote the interest of Nigeria. They created the conferences for their own personal interests. IBB created it to find a way to become a civilian leader – it crashed. Abacha created it in order to become a civilian leader – he died. Obasanjo created his own in order to become a third-term leader – he failed. Goodluck Jonathan created his own in order to have a seven-year tenure and to avoid election – he failed. So, why should I recommend any of such reports?”. Punch July 9, 2017.
Read more