As Obasanjo's finance Minister at the peak of oil price, Our former Finance Minister, Dr. Ngozi Okonjo iweala (NOI) warned in 2005 that we should not merely share out the excess crude account, since oil as a commodity had very volatile pricing.She advised us to save for the rainy day, when oil price crashes.

The then Lagos state Governor Ahmed Bola Tinubu vehemently opposed such a monstrous idea as saving for the rainy day! Claiming that the rainy day was here already.

Today, the rainy day NOI warned about is finally here and we are all suffering the effects together.

http://allafrica.com/stories/200506100702.html

http://thenationonlineng.net/excess-crude-account-and-the-controversy-lingers/

http://asiwajubolatinubu.com/archives/news/2001/02/22/20010222N01.html

It doesnt.matter how many times or the tactics you guys use to.rewrap, repackage, rebrand, remodel and reissue this Ngozi woman it.wouldnt pass......,.
she is.a FLOP!

OPCNAIRALAND:
It doesnt.matter how many times or the tactics you guys use to.rewrap, repackage, rebrand, remodel and reissue this Ngozi woman it.wouldnt pass......,.
she is.a FLOP!

Flop as in how? Are you saying that you know better than all the foreign countries and bodies giving her awards and more responsibilities? Or you think those bodies and countries don't know that you're here whinning unnecessarily and yet they give her more awards and responsibilities? You see,your problem is you can't differentiate from APC's campaign propaganda and the reality on ground.

Habakus:
Flop as in how? Are you saying that you know better than all the foreign countries and bodies giving her awards and more responsibilities? Or you think those bodies and countries don't know that you're here whinning unnecessarily and yet they give her more awards and responsibilities? You see,your problem is you can't differentiate from APC's campaign propaganda and the reality on ground.

those low lifers think d world end on nairaland, in dia mind watever dey assert here becomes d gospel truth.

:PI

Nkonjo iwela is gradually becoming a prophetess ooo.

Whether he kicked or not doesn't matter so channel ur attack on obj, Yaradua and the ineffectual buffon who financed his campaign from the budget

APCsupporter:
Whether he kicked or not doesn't matter so channel ur attack on obj, Yaradua and the ineffectual buffon who financed his campaign from the budget

Amaechi and Aregbese who kicked against savings should be left in peace.?

You deserve a hot SLA.........

So Tinubu is so powerful to prevent FG/NOI from doing what they deem right and necessary?

Now I believe that GEJ and NOI are Ineffectual Buffoons indeed.

I told people Nigeria's problem is NOT corruption & can never be, our problem is tribal bigotry.

EternalTruths:


Amaechi and Aregbese who kicked against savings should be left in peace.?

You deserve a hot SLA.........

It doesn't matter. Non of them was the president as at that time.

Come and slap me if u are a true son of ur father

Instead of the buffons to blame their heros of corruption they are now blaming Buhari who is performing magic to keep this nation alive. Just consider the oil price fall, empty treasury, etc but we are still managing.

Habakus:
Flop as in how? Are you saying that you know better than all the foreign countries and bodies giving her awards and more responsibilities? Or you think those bodies and countries don't know that you're here whinning unnecessarily and yet they give her more awards and responsibilities? You see,your problem is you can't differentiate from APC's campaign propaganda and the reality on ground.

don't you know awards have now become cheap things that money can buy? Or why do you think the Ineffectual buffoon has been bagging many lately?

Ngozi iweala was a huge failure who saw the future but couldn't do anything to prevent the inevitable harm all because she wanted to loot.

Your talk of Tinubu preventing her from saving the excess crude money doesn't hold water. You mean Tinubu stop the FG from doing what was best for the nation? That shows how ineffectual the last administration of the ineffectual buffoon and ngozi iweala were.

DropShot:
So Tinubu is so powerful to prevent FG/NOI from doing what they deem right and necessary?

Now I believe that GEJ and NOI are Ineffectual Buffoons indeed.

As a blinded bigot that you are, you were too blind to see that the article said it was during OBJ regime in 2005.. Where did GEJ come into play here?

@OP

Are you not ashamed to present this lame argument here? So Tinubu, one man, is the all-powerful bogeyman that prevented a legitimately elected government from doing what is best for 170 million people especially when he was in the opposition camp? This is why many support and will continue to support Buhari. I.e Nigerians hate how the PDP is about giving excuses for why it cannot perform and is always ready to blame others for everything. Everyone can see that there are no excuses today under this government. Mistakes will be made along the way but the main thing to note is that the Buhari government, unlike others before it, understands the need to put Nigerians first and not hide behind flimsy excuses linked to what a single man or woman wants.

Today you will not hear that "Buhari wanted to do this for Nigeria but IBB overruled him" and such garbage. No one will say Buhari wanted to build a road beneficial to the ND but Tompolo prevented it or that Bode George is frustrating Buhari's effort to help Lagos deliver her rail network. You guys simply need to bin everything you know about leadership before today because you have been scammed. Real leaders do not hide and do not make excuses. Buhari is a real leader because he understands that real leaders do what must be done to protect and better the lot of those they lead regardless of whose Ox is gored.

N who is tinubu

DropShot:
So Tinubu is so powerful to prevent FG/NOI from doing what they deem right and necessary?

Now I believe that GEJ and NOI are Ineffectual Buffoons indeed.

Lol my brother some topics doesn't need you to waste your precious time sincerely...

@OP so it's Tinubu that will tell a finance minister when to save some funds for our country.. Is she serving Tinubu or Nigerians?

ZUBY77:


As a blinded bigot that you are, you were too blind to see that the article said it was during OBJ regime in 2005.. Where did GEJ come into play here?

Ignoramus, didn't she and GEJ continue the sharing after OBJ. Dolt, OBJ didn't even allow the much sharing as witnessed under the Ineffectual Buffoon.

people shout of awards as if it's beyond reach to get with cash.
Have you all forgotten that it's this same woman that the west prevented from getting to the sit of presidency at world bank?
they can't give her the post which is bigger than all this nonsense award combined, yet people want us to believe she is the next best thing to LIGHT.
if she wasn't good enough for the post in respect to her so called experience, why should Nigeria carry her like gala seller for lagos traffic?
she got all needed support from her boss and the nation until things got awry. she tried her best but wasn't good enough so you guy should pls spare us the award nonsense.

I will continue to repeat it, she is a failure to have allowed GEJ dipped hands into our foreign reserves.

And Tinubu was what then? A senator? The finance minister?

This frog eye na error.

I bet she wasn't the one talking anyways...

So, why cldnt she have saved to today's rainy days when she was under Jonathan's regime...

DropShot:
So Tinubu is so powerful to prevent FG/NOI from doing what they deem right and necessary?

Now I believe that GEJ and NOI are Ineffectual Buffoons indeed.

Lolz bros this happened when your god OBJ was president

DropShot:

Ignoramus, didn't she and GEJ continue the sharing after OBJ. Dolt, OBJ didn't even allow the much sharing as witnessed under the Ineffectual Buffoon.

IPOB boys will never be sensible. NOI is nothing but a crook and upright Nigerians know it is only ethnic bigots who continue to defend her while trying to portray her a 'performer' whereas the entire world sees a crooked and morally bankrupt individual who failed woefully and assisted the gang-shagging of her own Country.

All these desperate attempt to absolve NOI of blame show that some people are simply operating with a level of ethnic bigotry other Nigerians cannot match. What is difficult about simply seeing beyond ethnicity to accept that NOI messed up and is a contributor to the current plight of Nigeria today? Same way they worshipped the lunatic called Kanu when they should have disowned the hateful charlatan and shown the world that, as decent people, the mad man is on his own and not speaking/acting for his ethnic group.

KINGwax007:
And Tinubu was what then? A senator? The finance minister?

This frog eye na error.

I bet she wasn't the one talking anyways...

So, why cldnt she have saved to today's rainy days when she was under Jonathan's regime...

Bros help me ask them oooh. Some folks simply cannot ever reason effectively or admit the glaring truth once it is their ethnic kinsman/woman under indictment for wrongdoing.

ChimaAdeoye:
As Obasanjo's finance Minister at the peak of oil price, Our former Finance Minister, Dr. Ngozi Okonjo iweala (NOI) warned in 2005 that we should not merely share out the excess crude account, since oil as a commodity had very volatile pricing.She advised us to save for the rainy day, when oil price crashes.

The then Lagos state Governor Ahmed Bola Tinubu vehemently opposed such a monstrous idea as saving for the rainy day! Claiming that the rainy day was here already.

Today, the rainy day NOI warned about is finally here and we are all suffering the effects together.

http://allafrica.com/stories/200506100702.html

http://thenationonlineng.net/excess-crude-account-and-the-controversy-lingers/

http://asiwajubolatinubu.com/archives/news/2001/02/22/20010222N01.html

1000 likes for this post. We all know how the opposition tried to frustrate all the laudable efforts of the ruling party. Yet gullible Nigerians are ranting spew all over. NOI is one of the greatest economists we have in this country, tribal bigots can go and hang themselves if they like.

tinubu ordered her not to save the FG part of the funds shay? A very weak attempt at white washing a know collaborator of corruption.

APCsupporter:
Whether he kicked or not doesn't matter so channel ur attack on obj, Yaradua and the ineffectual buffon who financed his campaign from the budget

Where did APC financed their campaign from? Have you ever seen a politician that is in office spending his own cash? Be rational & stop being sentimental.

vedaxcool:
tinubu ordered her not to save the FG part of the funds shay?

Na so we see am o. Tinubu ordered her not to save FG's 52% share, he equally ordered her to make arbitrary illegal deductions from the excess crude account. Tinubu ordered her to deplete our foreign reserves. I also now understand that it was Tinubu that ordered her to wire unappropriated money into NSA accounts for distribution to PDP members.

That Tinubu babalawo must be very powerful.

wirinet:

Na so we see am o. Tinubu ordered here not to save FG's 52% share, he equally ordered her to make arbitrary illegal deductions from the excess crude account. Tinubu ordered her to deplete our foreign reserves. I also now understand that it was Tinubu that ordered her to wire unappropriated money into NSA accounts for distribution to PDP members.

That Tinubu babalawo must be very powerful.

@ChimaAdeoye: NOI na scammer. And no amount propaganda or buck-passing will wish away the fact that she mismanaged the economy. If she was so prudent as you claim, then how come she borrowed over $1-billion dollars to pay workers salaries last year? ?. She pioneered the whole thing of borrowing to pay salaries and this happened right before GEJ govt handed over to Buhari. Was Tinubu responsible for that also?

http://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html

Cc:OPCNAIRALAND, kaypling, APCsupporter, wirinet, UrbanMystique, KINGwax007, vedaxcool, Gbawe, pidggin, DropShot, looseweight, OlujobaSamuel, ZUBY77, cktheluckyman, odogwu125, LordMecuzy, bloodyBLOGGER,EternalTruths, chriskosherbal, Habakus, luvinhubby

djkirkoo2:
Where did APC financed their campaign from? Have you ever seen a politician that is in office spending his own cash? Be rational & stop being sentimental.

Two wrongs do not make a right

Really?

What won't you see in nairaland from ipob youths ..

I mean, opposition told okonjo not to save and she just went ahead and not save? Lmao ..

PDP members have been opposing buhari's fight against corruption, did it stop buhari from slamming their asses in jail?

Tinubu was even the only opposition member we had in 2005 and he wasn't even benefiting from your invincible savings as obj withheld all Lagos allocations as at then and your post didn't point to anywhere he asked court to stop anyone from saving.



By the way, this even proves that OKonjo is the 2nd biggest scam in Nigeria's democracy after the buffoon called gej. Every time there is slight drop in oyel price, she starts singing save for rainy days, as a finance minister, she didn't have any plan in diversifying our economy. She monitored pdp crooks puncture our treasury in her care and sucked the nation dry.
I mean seriously, I use to think the woman is smart at least due Harvard certificates and stuff.. But seriously, the woman is just another ineffectual Buffoon.