Soludo Says Aganga Is Either Ignorant Or Lying - Politics (5) - Nairaland
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GEJ's Achievements: Aganga, Iweala, Nebo, Adesina & Madueke Give Accounts / Nigeria's Gdp Growth Among World's Best In 2010, Says Aganga / Atiku Has Poor Knowledge Of Economy, Says Aganga (2) (3) (4)
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| Re: Soludo Says Aganga Is Either Ignorant Or Lying by eminemkayc: 10:38am On Feb 02, 2011 |
OMO MENNN!!! SEE INTELLIGENT BEEF!!!  ITS LIKE EMINEM REPLYING BENZINO OR JEFFERY ATKINS ON A RAP DUET WITH OBIE!!  TRUTH IS, Soludo is a renowned PROFESSOR OF MACRO ECONOMICS and aganga's got to get his facts right before claptrapping. . .  |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by double0george(m): 10:48am On Feb 02, 2011 |
dem go run down every 1of dem dullin and stressin dis beautiful nation |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by RoadStar: 10:50am On Feb 02, 2011 |
Why dont they (Sanusi and Aganga) put Soludo in jail if at all he has questions to answer. The situation we are facing now is what happens when u remove more qualified people like Soludo and Iweala from office and replace them with relatively light-weights like Sanusi and Aganga. Aunty Ngozi never even start. The fact ladies and gentlemen is that the economy is being grossly mismanaged, not necessarily due to corruption, but due to incompetence. |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by RoadStar: 11:37am On Feb 02, 2011 |
We all know that Aganga is a First Class accountancy graduate of UI. We also know he is a managing director specialised in hedge funds and equities @ Goldman Sachs. But all references to his oxford studies just say that he earned postgraduate degree there. Can someone please help me with his qualifications @ oxford ? In what field did he do a post graduate @ Oxford. (Accountancy/Economics/Thelogy) ? What award did he earn @ oxford . (Masters/Phd/Post graduate diploma ?) |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by justokey(m): 11:46am On Feb 02, 2011 |
RoadStar: When did UI start offering accountancy? Or is there another UI different from the University of Ibadan? just curious |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by carnal: 11:55am On Feb 02, 2011 |
fyne english,well composed from a prof. i didnt expect less.Soludo did well with the consolidation, but he took his eyes off post-consolidation oversight and regulatory functions. Good response to Aganga, BUT I WONT BE SURPRISED IF HE WILL GET A RESPONSE FROM SANUSI and that one will definately be too bashin for him as we all kn who sanusi can be. |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by Metalgoong(m): 12:00pm On Feb 02, 2011 |
bisiaet: I think your English was the main problem that crippled the banking system . . . . |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by JUO(m): 12:24pm On Feb 02, 2011 |
talk |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by Demainman1: 12:24pm On Feb 02, 2011 |
Sorry Guys, The only thing i remember this Sanusi guy doing is being responsible for the sacking of thousands and thousands of Nigerian bankers and denying people their livelihood (breeding many more armed robbers and kidnappers) into the system. What else has he done? Is the economy that good now? I remember few months ago when almost all nigerians wanted him sacked. now some people dey even say he is this and that. Nigeria economy is sinking and sinking fast. The only people benefitting are the politicians (senators earning 290million naira/year) and no one to advise government against such. Because CBN governor dare politicians you guys dey praise am. The only reason he did is because of where he is from. Nigeria foreign reserve is depleting in billions by the day and you guys are here defending the managers simply before they from your tribes. Kai, Naija can never move forward walahi. Oxford ko! Cambridge ni! |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by peaceland(m): 12:45pm On Feb 02, 2011 |
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| Re: Soludo Says Aganga Is Either Ignorant Or Lying by justokey(m): 1:12pm On Feb 02, 2011 |
peaceland: My point also. God bless you. Instead of spending time protecting personalities, we should dwell more on issues raised. Now is the time to debate because when we reach the point Tunisia and Egypt reached, no amount of debate can undo the harm already done! |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by Nobody: 1:43pm On Feb 02, 2011 |
Soludo is just echoing what most Nigerians know.The economy has been badly managed under the government of GEJ.The government has depleted the country's reserves through their uncurtailed and frivolous spendings by throwing money at virtually every problem that comes their way. Late last year,i worked in a team that helped prepare a scorecard that x-rays the economic performance of the country,the verdict was a damning one,the government has mismanaged the economy and this has greatly affected the influx of FDIs into the country and investors confidence is at an all time low.This fact of ours was also asserted by the Global Competitiveness report 2010 authored by the World Economic Forum. The government discredited the report and concluded that the report was authored to embarass the federal government. I feel the management of the economy through fiscal and monetary interventions has been badly done within the last four years such that,the economy has now been rendered prostrate and incapable of enhancing the welfare of Nigerians. |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by ayubam: 4:45pm On Feb 02, 2011 |
@ Soludo, posterity will judge and decide your efforts toward rebuilding or otherwise your action. My questions to all Soludo's haters; 1. Did Soludo's consolidation prevents the collapse of banking sector in Nigeria? Fine, Cecilia Ibru, Erastus and the like have been alleged to have stolen (Ibru Convicted), but of this revelation and sacks, has it done anything more than preventing the banking system from collapse? If the Duo of Sanusi and Soludo have achieved one main aim- prevention of banking collapse, so why is Sanusi a better Gov than Soludo? Are their rots in the system that Soludo faced when he assumed office? Are there executive recklessness that was above the duo's influence- like spending by OBJ and His Cronies and GEJ and his cronies doing at the mome[b]nt? ANALYSIS[/b] How did the duo managed the system and their respective challenges? What is the rate of unemployment now? What was our reserve figure? What about Fiscal Discipline? Compare the Economic Mgt Team at that time and now? Why was Remi Babalola Sacked? Why was Ngozi Okon redeployed to foreign ministry and she later resigned? I HAVE SAID IT SEVERALLY, UNLESS WE START ASKING INTELLIGENT QUESTIONS AND DOING INTENTIONAL ACTIONS, NIGERIA WILL NEVER MOVE FORWARD. Stop this personality attack. Soludo has said there are things he wish he did differently. That is the mark of a honest man, How has the Sack of MDs of Banks helped the masses on the street of our nations. How many graduates are we turning out without jobs. This present economic team; are they capable of handling these challenges? What are they doing? I love Sanusi but it takes more than harassment and corporate governance in banks for good economy. And Aganga, an astute investment banker is not necessary a great economist. This guy is just a hedge fund manager? How much of Nigeria Financial economy is tailored towards that area? Stop hyping these guys. The nation is bleeding. People are dying. Businesses are folding up. Enterprenureship spirit is dying. All graduates are now Okada riders. Banks have stopped employment and lending? Mass failure in WAEC. Our graduates have been assessed as not being able to use laptop, These are serious issues. Find out why Sanusi left UBA and how well First Bank had fared throughout his career as ED Risk and MD for Six months. How much of businesses he generated. Can I round up, when businesses and economic policies are being developed, the capitalist always take advantage of the system thus the need for greater control and regulations. That was what happened after consolidation. Sanusi, when asked at his interview during the senate session what he will do differently, he simply answered that he will continue from where Soludo stopped and that is what he has done. Or the presentation to stakeholder by soludo did not detail everything happening now. Lest I forget, Soludo alleged to have submitted some critical bills to National assembly immediately after consolidation. Others are FOI bill, Child marriage, etc. Why is it taking forever for these "bunch of elders" to sign those bills that will affect common man to law but will rather expressly consider bills that will make them permanent delegates of their parties. THESE LEADERS HAVE DELIBERATELY DONE THIS TO US. THEY INTENTIONAL DESTROYED OUR EDUCATIONAL SYSTEM SO DAT WE CANNOT UNDERSTAND SIMPLE THINGS. THEY HAVE CONTINUOUSLY SOLD ETHNICITY , RELIGIOUS BIGOTRY AND SECTARIAN ISSUES TO KEEP US IN PERPETUAL OPPRESSION. NIGERIA WAKE UP AND SHINE YOUR EYES. This type of action by Soludo is what will develop democracy. Yes he has stolen, you could also write with evidence of how much he stole. That is true democracy. Running him down the way we are doing is just DISAPPOINTING and it shows that the current YOUTH OF NIGERIANS LACK CAPACITY TO REALLY EFFECT ANY CHANGE IN THEIR NATION. WE HAVE BEEN SOLD OUT TO NON-ISSUES BUT WE ALWAYS THINK WE ARE SMART. |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by Anaegboka(m): 4:59pm On Feb 02, 2011 |
If Soludo is an honest man, he should have dealt with the rot in the banking system decisevly instead of his half hearted measure that left some bank CEO s amassing head spinning figures and frolicking around the globe. |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by kannymoore(m): 5:09pm On Feb 02, 2011 |
 @ ayubam, I döbalé!!! I salute you with both hands simultaneously!!! You have said well.I dunno anything about banking systems and economic policies and the like but what i know is that, there was a feeling of hope in the air when soludo was around, Jobs dey, middle class appeared from nowhere, people dey earn money, naija dey like country wey get focus. But now, I can only shake my head. |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by ayubam: 5:18pm On Feb 02, 2011 |
Anaegboka: He cannot do everything. He has done his bit and Sanusi has not done better. Soludo----- Consolidation------------------------------------------------Prevents Banks From Collapse Sanusi------- Ensure Better Corporate Governance----------------- Prevents Bank from Collapse Smart Capitalist always look for ways to profit from the system, The same game is still on just that they are employing smarter experts that understand accounting books and playing according to the Game. In UK, the economy is in trouble, Consumer Price Index is terrible, Govt Cuts here and there, Higher Tax and so on, yet investment bankers are collecting whooping bonuses. Trust me, these guys are very smart and they will always play by the game and profit from the system, hence the need for continuous financial regulations and control. SANUSI OPENLY CLAIMED THAT NIGERIA STOCK EXCHANGE IS A GAMBLING HOUSE AND I LAUGHED IF THE GUY UNDERSTAND WHAT IS HAPPENING IN WALL STREET OR CANARY WHARF, Even Aganga knows better. Am I running down Sanusi? Never. Just pointing out that Nation Building is team work. Do not rubbish soludo |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by Fidelo726: 6:32pm On Feb 02, 2011 |
I believe Aganga's utterances deserves the detailed economic analysis of Soludo. If Aganga knows he is a busy man , he would not have provoked the mind of Soludo. |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by gossipmama(f): 11:16pm On Feb 02, 2011 |
Fidelo726: well said, |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by ikeyman00(m): 11:28pm On Feb 02, 2011 |
@@@@@ with all the question raised in the article right for a man that meant to be serving his people this is the time to show it; thats if he is really there for the betterment and welfare of Nigerians and all we get from Jonthan Governmernt is Aganaga saying he's got better thing to worry about chinekeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee hell nooooooooooooooooo what a country and for yall record for naija to move forward we all have a collective role to play; it isnt enough posting in nl now this is where nigerian new papers get on my nerve; they shouldn't be letting these b astards off the hook just like that; no need to galvanise in abuja sq just like the Egptians; these little things can move mountain like solodu said with high rocketing oil price our reserve still goes rapidly drains up by the day  and this is the man we want; well yes i want him but he need to work in the right way on the right track If he claim to represent well for Nigerians then he should lead the way as he isnt doing it; if he claim to bring change he should lead the way; he should afford a time to defend issuses cuz if oyibo call us monkie we go vex imagine this happens here in Uk; u can imagine all the government force defending issues all over the network beaf your jon is begining to annoy me ooooooo and i must say like the way u avoid indicting thread like this one cuz u got absolutely nothing to say and u know it !!!!! period [size=38pt]ANGRY[/size] |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by honeric01(m): 7:57am On Feb 03, 2011 |
ayubam: Purely irrelevant on this thread, why the comparison?  |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by bechex(m): 8:41am On Feb 03, 2011 |
Soludo's write up has a lot of facts and figures, Mr Aganga needs to come out with his own facts and figures and the we would compare and come to an informed conclusion. But this na serious thrashing for Mr Aganga lol |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by ayubam: 11:28am On Feb 03, 2011 |
honeric01: To you it might be. But that was to point out that Sanusi that is being adjudged as a better Governor than Soludo had made reckless statement before now which I am sure if given better opportunity to explain, he will explain better. Like I said, Nation building is team work. Stop comparing Soludo with Sanusi. They are no match but the duo has contributed their best to the country. If you want to argue otherwise, tell me better things Sanusi has done other than prevention of banks collapse and remember those mushrooms banks before Soludo times. They both tried. |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by honeric01(m): 11:59am On Feb 03, 2011 |
^^^ Is this thread about Sanusi or about Aganga and Soludo? please argue according to the topic and don't derail Thanks |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by ayubam: 12:06pm On Feb 03, 2011 |
honeric01: My guy check people's post. Read previous comments. People have castigated Soludo and exalted Sanusi to support Aganga's claim. Those are the issues. And if I must correct you, the post is not about Soludo and Aganga. It is about our economy and the managers all together. I am not a fan of anyone. I am a fan of this Great Nation and will support all ideology that will move us forward irrespective of the camps such is coming from. Soludo's action is the way to develop democracy. It is only in Naija that is seen as criticism. Shine your eye, I am not playing games here or just typing to discuss thread. It is about enlightening our minds to see the real issue in our polity. |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by zoraro(m): 12:12pm On Feb 03, 2011 |
honeric01: If I may come in here, did the minister mention Soludo's name in his initial remark? No, the debate is about the Nigerian economy and how it's been handled, so Sanusi is part of the debate. In his writeup Soludo said there was a 10% increase of FDI inflows to developing economies in 2010 but he did not mention that the increase was in Latin America and South, East and South-east Asia while Africa continued to see declines. As stated here. FDI inflows to developing economies rose some 10 percent in 2010, which the survey attributed to "a relatively fast economic recovery and increasing South-South flows." Nonetheless, the survey marked "significant differences" among the developing economies, with Latin America and South, East and South-east Asia leading the strong growth in FDI inflows, while West Asia and Africa continued to see declines. Inflows to South, East and South-east Asia has picked up remarkably in 2010, rose by 18 percent, reclaiming the downfall from a 17 percent decline made in 2009. http://news.xinhuanet.com/english2010/business/2011-01/18/c_13694997.htm I hope that his other "facts" are not half-truths like this one. |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by honeric01(m): 1:07pm On Feb 03, 2011 |
ayubam: Well you can continue, not in the mood for this, Soludo is challenging Aganga, not Sanusi, whether you like it or not, I see Sanusi's approach to the problems as more clinical to the way Soludo handled it. (Dont ask me to break down, got no time for that). All the same, enjoy your ride on NL. ^^^^^ Like i said above, i am not here to debate fruitlessly on this topic, it's irrelevant since Aganga is not ready to debunk what Soludo listed about him. |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by ikeyman00(m): 10:11pm On Feb 03, 2011 |
^^^^ and why are u so defensive over sanusi then ?seee u they better come out to explain the suitation of the economy and also tell us whether the debt are being paid or the other wayo style called debt servicing is not like nigerians get free government welfare so hmm hmm |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by honeric01(m): 10:48pm On Feb 03, 2011 |
^^^^^ Mr Man, crawl back to your corner abeg.  |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by ikeyman00(m): 11:54pm On Feb 03, 2011 |
^^^^^ |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by Obiagu1(m): 12:48am On Feb 04, 2011 |
Aganga cannot do simple arithmetics, walahi, God save us all. You continue to bandy GDP growth rates which essentially show the obvious: we are lifting more barrels of crude oil, and the weather has been very clement to spur agricultural growth! You clearly lie with the GDP figures. Hon. Minister, seven years before 2010 is 2003- 2009, and NOT 2004- 2009: so your figures are wrong, sir. The fact remains that over a seven year period up to 2009 (that is, since Obasanjo’s second term and because data for 2010 are still estimates), GDP growth rate (appropriately adjusted for the oil sector) has been the worst under you as head of the Economic Team, at a time of oil boom! |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by Obiagu1(m): 12:49am On Feb 04, 2011 |
Before you issued Nigeria’s $500m Eurobond, Atiku indicated that it would only be oversubscribed because “, you are offering foreigners attractive returns on the bond, ”. You got angry. Now, who is right: you or Atiku? Think about this, Hon. Minister: Nigeria’s debt-to-GDP ratio is about 17% (using your numbers, and external debt less than 3%), with proven oil reserves of about 36billion barrels and high oil price and output, strong GDP growth as you claim, and yet the yield on the bond is as high as 7% (higher than South Africa at 5.5%; Ghana at 6.2%, etc). Mr. Minister, can you point to other countries with similar “fundamentals” that are priced as risky as Nigeria? Put differently, are you not worried that even with the ‘fundamentals’ and high return to investors, the bond is not oversubscribed more than 10 times? |
| Re: Soludo Says Aganga Is Either Ignorant Or Lying by Obiagu1(m): 12:52am On Feb 04, 2011 |
By the way, Hon. Minister, are you aware that the Presidential Advisory Council (PAC) now agrees with our position on your budget? Several newspaper editorials and informed analysts agree with us as well. The PAC has just called on you to reduce recurrent expenditure to 40% (down from the current 114% of estimated revenue). Certainly, Hon. Minister, there is a strong message both Nigerians and international community are sending to you. Just listen! |
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