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Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala (19699 Views)

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Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by bugs1: 6:43am On Nov 28, 2014
As the impact of oil price slide in the international market bites harder, the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala has called on Nigerians not to panic, reassuring that the nation’s financial team has put in place strategies to manage oil prices as low as $60 per barrel.

Saying the recent drop in oil price did not come as a surprise and as such there is no need for the nation to panic, she pointed out that what was needed was a systematic and focused approach to overcome the development.

“This is what we have. Our fiscal measures comprise both revenue and expenditure effort.

Our scenario-based approach to managing the impact of the oil price drop is proactive and comprehensive. Even if the price drops to 60 dollars we are ready.

“Panic is not a strategy. We are managing the situation to keep the economy on a stable sustainable course and we will not listen to those who want us to throw up our hands in despair and give up.

http://leadership.ng/news/392053/dwindling-revenue-cause-alarm-okonjo-iweala

17 Likes

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Nobody: 6:52am On Nov 28, 2014
Hmmm

1 Like 1 Share

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by BlackTechnology: 6:54am On Nov 28, 2014
Madam

This is time to partner and finance the establishment of international rice, fruit juice, milk electronic, electrical, mechanical etc industries whose products constitute the largest imported goods and the greatest pressure on our foreign reserve.


Pls hurry up before we end up like Ghana.

31 Likes

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by nuclearboy(m): 7:00am On Nov 28, 2014
states not getting faac allocations and everything crashing at good prices but all is well when prices fall?

this madam's economics are wonderful

8 Likes

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by holatin(m): 7:13am On Nov 28, 2014
what ??
there are more causes for alarm

1 Like 1 Share

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by sebali: 7:14am On Nov 28, 2014
When Okonjo speaks I wonder how she ever got to such a high position in world bank because I use to think that Imanmadu(man kn man) was peculiar to africa.

36 Likes 1 Share

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by ellguapo: 7:36am On Nov 28, 2014
^^^
Lol. Most times the high positions bestowed on Africans are mere charade, they put them there as puppet in order to have maximum grip on their economical interest in the regions. Normal western shenanigan tongue

48 Likes 1 Share

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by sommyblaze(m): 8:32am On Nov 28, 2014
space for sale!!! call us now 080downloadNLapptogetaspace. #janja weed

2 Likes

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Ebubeslym(m): 8:33am On Nov 28, 2014
No cause for control...

everything is under alarm..


yeye dey smell


modified****
stop twisting the topic

you mods

15 Likes 3 Shares

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by nairaman66(m): 8:33am On Nov 28, 2014
So far, we all know that the present Administration is full of white lies and schemes!

When they ask you to stand, please run for your life! Don't take madam fat jaws too seriously! grin

She spins lies from her offices as Coordination Minister of the economy and Minister of finance! What a feat..

Conclusively, no cause for alarm yet she hastily introduced austerity measures! She didn't know she has already sounded the trumpet..

Yeye dey smell

38 Likes

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by ahmed486: 8:33am On Nov 28, 2014
When a minister says something Like this the wise should be most alarmed.





Powerful state governors drained Nigeria's boom time oil savings - Okonjo-Iweala
Source: e reporter.com.ng/index.php/national-news/item/1715-powerful-state-governors-drained-nigeria-s-boom-time-oil-savings-okonjo-iweala

6 Likes

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by hungryboy(m): 8:35am On Nov 28, 2014
What she is trying to tell us is,
no cause for alarm senators and reps and all other political office holders,
this is not going to affect your salaries and bonuses,
it's the poor man on the street that's going to suffer the pain

33 Likes

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Bagani: 8:35am On Nov 28, 2014
Ok
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by sammieguze(m): 8:36am On Nov 28, 2014
Hmmmmm.....

No cause for alarm.....


Yet, all economic alarm bells are ringing.


Who is deceiving who

6 Likes

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by ednut1(m): 8:36am On Nov 28, 2014
story for the gods. wit all her havard nd world bank experience cant see wat she has done for this economy. the naira has been devalued and we all know nigeria is an import based economy. prices of comodities will rise. madam Harvard d subsidy una remove i never see d impact. i no get lite since monday. almost all d federal roads in lagos is bad. so no cause for alarm indeed. yeye dey smell

9 Likes 2 Shares

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by bigtt76(f): 8:37am On Nov 28, 2014
No be porsin wey first panic announced Austerity Measures on behalf of government now de tok say no cause for alarm? This people shaaa clueless o if you ask me undecided

8 Likes

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Nobody: 8:37am On Nov 28, 2014
.
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by savcy(m): 8:37am On Nov 28, 2014
No cause for alarm but your CBN has already devalued the naira. Story for Amadioha.

8 Likes

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by habex050: 8:38am On Nov 28, 2014
There is cause for alarm oooooo
Especially from this part of the world.
Where all our politfcian needs is opportunity

1 Like

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by klodike(m): 8:38am On Nov 28, 2014
FRONTPAGE!!!!!!!


Ladies and gentlemen, i was there when Declining Oil price: No Cause For Alarm – Okonjo-iweala made Frontpage. Cheers!!!

1 Like

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by ozo13(m): 8:38am On Nov 28, 2014
bugs1:


http://leadership.ng/news/392053/dwindling-revenue-cause-alarm-okonjo-iweala
in oda news.. Lai mohammed vs olisa metu firing each oda on nta

6 Likes

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Sunkyphil(m): 8:38am On Nov 28, 2014
[size=15pt]how is it suppose to bring naira back to #100[/size]

1 Like

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Nobody: 8:39am On Nov 28, 2014
K
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Nobody: 8:39am On Nov 28, 2014
No cause for control. Everything is under alarm

3 Likes

Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Nobody: 8:39am On Nov 28, 2014
I
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Nobody: 8:39am On Nov 28, 2014
H
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Nobody: 8:40am On Nov 28, 2014
Hmmm
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Nobody: 8:40am On Nov 28, 2014
..M.
Re: Oil Price Fall: Don't Panic; Trust Our Strategies! - Okonjo-Iweala by Clone2020(m): 8:41am On Nov 28, 2014
When the government tells you not to panic, that's exactly when you start panicking. 'Lol OPEC is irrelevant, this cartel doesn't have the power or influence it used to have. Since 2011, U.S stopped buying Nigerian Oil. Today, oil prices are falling and it will get worse. In the past, OPEC was able to set the price in the market, whenever they had meetings everyone waited patiently for their decisions. Lol but can you believe OPEC had a meeting 2 days ago and nobody cared, the financial sectors weren't even affected. U.S is producing shale oil at an alarming rate and its only going to get higher once the Keystone Project is passed by congress. I honestly feel bad for Nigeria, our currency just got devalued due to the low oil price and its only going to get worse. The youth of this generation need to write letters to all their government officials, organize protests and campaign against politicians who are so myopic not to see the incoming doom looming over Nigeria. Vote for public officials who want the economy to focus on agriculture, improvement in the nation's electricity infrastructure and establishments of industrial plants if we are to remain relevant in the next 25years.'

21 Likes 6 Shares

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