ambrosini593:

http://www.thenationonlineng.net/2011/index.php/news/55684-reps-to-jonathan%3A-beware-of-okonjo-iwealas-advice.html

aribisala0: Nothing wrong with our heads,she is being judged on results.Anyway the World bank job is quite different from a Minister of Finance.One is a technocrat whose main responsibility is to her boss(es),the main shareholders of the bank i.e. the US.
She is seen to do a good job to the extent that she serves US interest.That is the nature of the World bank as her recent failure to become President highlights
The MD does not set the World bank Agenda but plays out a US/European script.In that regard she did very well apparently. Creating jobs or prosperity in a Place like Nigeria probably requires a set of skills which I suspect elude the accomplished lady.Time will tell
We must remember that the World Bank is not a commercial banking environment like Citigroup e,g and is very much removed from where the often painful impact of its decisions are felt.
Finance ministers on the other hand are often politicians elected and have a sense of the suffering of the people as well as an eye on future elections.
So, because someone is a world class vet we cannot assume they will make a good doctor
Just to make this point further. Is there any example anywhere of a previous world bank MD being employed as Minister of Finance in any significant economy or Any country for that matter and what were the results

aribisala0: I think that is quite clear really.It is a tendency for the executive arm to presume supremacy over the legislature,to demand subordination,to resent and resist challenge and to expect that their proposals are "passed" unaltered.
The Presidential system is probably not right for Nigeria but that is what we have.We have seen the problems it has thrown up recently in the US with difficulty passing budgets,government shutdowns etc.
In short hangover is the tendency to operate or try to operate like military Heads of State and not realizing or ignoring constitutional limitations to Executive power
E.g the recent renaming of MAULAG and
the frequent sacking of LG chairmen etc
those are symptoms of hangover

aribisala0: NOI has a distinguished career at the World Bank .She studied economics at University and excelled as a MANAGER/BANKER/ADMINISTRATOR at the World Bank in the sector of Finance/Banking. She deserves credit and honour particularly as a woman and African as these might actually have worked to hinder her progress.
It is hyperbole to call her a World Renowned Economist as wikipedia has done and I am not aware of her publications which justify such "RENOWN" as an economist though she certainly has renown for other things.She has not had a lenghthy career as an "economist" and has not excelled in this area whether by way of publication or otherwise and we need not to get carried away in our desire to celebrate her.
I am not convinced that her previous achievements can or will translate into any outstanding benefit for Nigeria and this is in no way an indictment.The issue is Chloroquine is not the medicine for childnesses no matter how good Chloroquine is

f ones competence is judged by fat certificate or based ones past record then Nigeria would have been a better nation with the thousands of first class graduates that come out of our universities , my point is that the fact that NOI had an excellent career at the world bank does not mean she cannot fail at another financial institution. People have to understand the fact that she is human and has her own shortcomings,being a worldbank DG is totally different from running a country's finance which is more diversified and demanding than the world bank DG post.
If she knows it all as people foolishly believe what is she doing with her many SPAs,we need to put sentiment aside as view this from a constructive and beneficial perspective

ozoebuka1: you should ask ursef these questions...1.what was this womans intention when she asked the fg to remove fuel subsidy did she have bad or good intention? good 2.did she actualize most of her dreams? yes -farouk and co. 3.the removal of the fuel subsidy, who suffered most of the pain, the thieves or the masses? the thieves. after u must have answered those questions, u will know if we should be thanking okonji or critizing her and if we should be asking those thieves to stop advisin gej or to continue... in the case of imperfection, okonji neva wanted to harm anybody but she ended up doing that just because she is a humanbeing -she must not be 100percent efficient-. but those reps are harming us not because they are imperfect but because they are wicked and unmannered...they are just selfish!

dedeike: Profile in excellence which haters and ignorance cannot wish away.

Ngozi Okonjo-Iweala
The undisputable power-house in the Jonathan administration, Dr. Ngozi Okonjo-Iweala, who doubles as the Coordinating Minister for Economy and Minister of Finance, no doubt, added credibility to the cabinet based on her formidable credentials locally and internationally.

A stickler for probity and excellence, Okonjo-Iweala’s persistent campaign for the effective management of the nation’s resources informed the government’s decision to adopt fiscal discipline, cut down on waste, and rein in debt and the budget deficit, especially in the 2012 budget.

This resulted in slight reduction of recurrent expenditure this year. Her target, however, is to cut recurrent spending to about 65 per cent of the total budget by 2015 so that more resources can be deployed on capital projects.

The minister, who narrowly lost her bid for the presidency of World Bank, has worked on rebuilding the nation’s decimated savings in the Excess Crude Account (ECA), which currently stands at $4.3 billion, and this is despite the monthly withdrawals by the three tiers of government. She has also been in negotiations with the 36 states of the federation to start up the Sovereign Wealth Fund as a replacement for the ECA.

Under her watch, the government established the Subsidy Re-investment Programme, through which savings accruing to the three tiers of government from the partial removal of the subsidy on petrol, can be deployed to projects. In her bid to keep the public informed on the savings, her ministry each month publishes the figures accruing to the federal, states and local governments under SURE-P.

The finance minister is carrying out bio metric evaluation of federal civil servants  to reduce waste. The exercise is yoelding fruits as it uncovered the pension scam of over 32 billion. The scam involved Abubakar Kigo, a former perm sec at the office of the head of civil service of the federation and 5 others. There is the new integrated online payment system which helps the minister monitor transfer of public funds from CBN.
This system also ensures that suspicious allocations in the budget are blocked.
Corrupt minds are not happy with these stringent measures hence the outcry

Mr.chippychappy:
All of a sudden the same crooked corrupt House of reps are now saints in the eyes of Nairalanders right ? And yet we want Nigerian to change with all these tribal and partisan politics right ? I tire for una O!!!

King George: Am very sure the National Assembly(NA) is crying n raising dust over the budget implementation with regards 2 what they will get 4rm it n we know that's not unrelated 2 constituency Akpalapala.....cos outside that i believe in working hand in hand 2 come 2 a peace or amicable resolution btw the 2 arms of govt(executive/Legislature),if it really 4 the interest of naija,,,,than this Threat of Impeachment 4rm the National Assembly....

Mr.chippychappy:


According to wiki "Ngozi Okonjo-Iweala (born June 13, 1954) is a globally renowned Nigerian economist best known for her two terms as Finance Minister of Nigeria (her current position) and for her work at the World Bank, including several years as one of its Managing Directors (October 2007–July 2011)" but according to your post she is not good enough to manage the financial problems Nigeria has right ? FYI the "mysterious" job she did at the worldbank was being one of the MDs. The same Okonjo Iweala that:

1.single-handedly cleared our debts worth $18billion with the Paris club (or maybe you were still a baby back then)
2.obtained Nigeria's FIRST EVER BB minus rating with Standard and poors ,
3. worked with world bank for years as one of the MDs but somehow she is not good enough for the job of Nigeria's Minister of Finance right ?

You guys should do some research first before coming here to talk garbage . FYI before you label me "40 computer #30" you should look back at my past posts , just yesterday i was criticizing GEJ for the Cassava bread "thingy" . I am not PRO or ANTI GEJ but i believe its time we remove sentiments and call black-black and white-white . Okonjo Iweala is MORE THAN CAPABLE of handling the financial situation in Nigeria and she has done just that , The reason the average Nigerian or masses can't feel the changes is because of the corrupt system and we cannot blame Okonjo Iweala for the system

King George: Am very sure the National Assembly(NA) is crying n raising dust over the budget implementation with regards 2 what they will get 4rm it n we know that's not unrelated 2 constituency Akpalapala.....cos outside that i believe in working hand in hand 2 come 2 a peace or amicable resolution btw the 2 arms of govt(executive/Legislature),if it really 4 the interest of naija,,,,than this Threat of Impeachment 4rm the National Assembly....

dedeike: Profile in excellence which haters and ignorance cannot wish away.

Ngozi Okonjo-Iweala
The undisputable power-house in the Jonathan administration, Dr. Ngozi Okonjo-Iweala, who doubles as the Coordinating Minister for Economy and Minister of Finance, no doubt, added credibility to the cabinet based on her formidable credentials locally and internationally.

A stickler for probity and excellence, Okonjo-Iweala’s persistent campaign for the effective management of the nation’s resources informed the government’s decision to adopt fiscal discipline, cut down on waste, and rein in debt and the budget deficit, especially in the 2012 budget.

This resulted in slight reduction of recurrent expenditure this year. Her target, however, is to cut recurrent spending to about 65 per cent of the total budget by 2015 so that more resources can be deployed on capital projects.

The minister, who narrowly lost her bid for the presidency of World Bank, has worked on rebuilding the nation’s decimated savings in the Excess Crude Account (ECA), which currently stands at $4.3 billion, and this is despite the monthly withdrawals by the three tiers of government. She has also been in negotiations with the 36 states of the federation to start up the Sovereign Wealth Fund as a replacement for the ECA.

Under her watch, the government established the Subsidy Re-investment Programme, through which savings accruing to the three tiers of government from the partial removal of the subsidy on petrol, can be deployed to projects. In her bid to keep the public informed on the savings, her ministry each month publishes the figures accruing to the federal, states and local governments under SURE-P.

The finance minister is carrying out bio metric evaluation of federal civil servants  to reduce waste. The exercise is yoelding fruits as it uncovered the pension scam of over 32 billion. The scam involved Abubakar Kigo, a former perm sec at the office of the head of civil service of the federation and 5 others. There is the new integrated online payment system which helps the minister monitor transfer of public funds from CBN.
This system also ensures that suspicious allocations in the budget are blocked.
Corrupt minds are not happy with these stringent measures hence the outcry

chucky234: If ones competence is judged by fat certificate or based ones past record then Nigeria would have been a better nation with the thousands of first class graduates that come out of our universities , my point is that the fact that NOI had an excellent career at the world bank does not mean she cannot fail at another financial institution. People have to understand the fact that she is human and has her own shortcomings,being a worldbank DG is totally different from running a country's finance which is more diversified and demanding than the world bank DG post.
If she knows it all as people foolishly believe what is she doing with her many SPAs,we need to put sentiment aside as view this from a constructive and beneficial perspective.

Billyonaire: It baffles me. If a world class economist known worldwide with 25yrs experience in the world bank job is criticized profusely by her own people, I think we need our heads examined.

Klinee: Dat she world class economist does not make her competent.she have fail us,consider the oil subsidy issue.Now she is lying with our economy.For me i hav'nt seen her capability.GEJ should stop taking her advice pls.

occam:

And what has this eulogy got to do with matter on ground? Are you a paid hack for Iweala? This write up is a disservice to your client.

kingoflag:

Um, actually its not just Nigeria that now despises her, but the whole world in General. Remember, the world'd rather give the Job of World Bank Chief to a Medical Practitioner than give it to her with all her Harvard degrees not too long ago?

searchcorp: For the first time in my life: I find it so difficult to understand Nigeria... I keep changing my political view everyday.

Now, this whole gej, honourables, noi thing is so loud that I can't even hear my thoughts....

My Father's Generation has failed this nation politically.

kingoflag:

Um, actually its not just Nigeria that now despises her, but the whole world in General. Remember, the world'd rather give the Job of World Bank Chief to a Medical Practitioner than give it to her with all her Harvard degrees not too long ago?

floridam: Could Ngozi okonjo Iweala be wrong with taking decisions as it relates to budgetting and finances.
I am beginning to think that even if a first class economist from havard is minister of economy in Nigeria, it may not work because Nigeria is a Complex community.

oiseworld:

i have seen some interpretations on nairaland lately, and they really got me laughing.
Whats the meaning of despise as used in the above post. So not winning the wB. Sit means she was despised?

Oga, this shouldn't have come from you naww.Haba

topic,
Jona is satisfied with her. Am satisfied with her. Case settled.
If the farookie's are not; they should go and die.

Epalos: There are 150million others who have say and want the truth at all cost.

PointB: Between a world renown Economist, and a political spokesman, do we need to worry about who is on point on economic issue?
If not for sentiments, and bigotry, the difference is very clear!

Epalos: There are 150million others who have say and want the truth at all cost.

dedeike: Profile in excellence which haters and ignorance cannot wish away.

Ngozi Okonjo-Iweala
The undisputable power-house in the Jonathan administration, Dr. Ngozi Okonjo-Iweala, who doubles as the Coordinating Minister for Economy and Minister of Finance, no doubt, added credibility to the cabinet based on her formidable credentials locally and internationally.

A stickler for probity and excellence, Okonjo-Iweala’s persistent campaign for the effective management of the nation’s resources informed the government’s decision to adopt fiscal discipline, cut down on waste, and rein in debt and the budget deficit, especially in the 2012 budget.

This resulted in slight reduction of recurrent expenditure this year. Her target, however, is to cut recurrent spending to about 65 per cent of the total budget by 2015 so that more resources can be deployed on capital projects.

The minister, who narrowly lost her bid for the presidency of World Bank, has worked on rebuilding the nation’s decimated savings in the Excess Crude Account (ECA), which currently stands at $4.3 billion, and this is despite the monthly withdrawals by the three tiers of government. She has also been in negotiations with the 36 states of the federation to start up the Sovereign Wealth Fund as a replacement for the ECA.

Under her watch, the government established the Subsidy Re-investment Programme, through which savings accruing to the three tiers of government from the partial removal of the subsidy on petrol, can be deployed to projects. In her bid to keep the public informed on the savings, her ministry each month publishes the figures accruing to the federal, states and local governments under SURE-P.

The finance minister is carrying out bio metric evaluation of federal civil servants  to reduce waste. The exercise is yoelding fruits as it uncovered the pension scam of over 32 billion. The scam involved Abubakar Kigo, a former perm sec at the office of the head of civil service of the federation and 5 others. There is the new integrated online payment system which helps the minister monitor transfer of public funds from CBN.
This system also ensures that suspicious allocations in the budget are blocked.
Corrupt minds are not happy with these stringent measures hence the outcry

ldpele: source of ua informatn of murkter,bode n soludo makin obj realize hw empty she was?? Dnt mislead n misinform NLders bcause u gat acess to the internet