cktheluckyman:
If NOI is a failure then Kemi. Adeseoun should be tagged the mother and grandmother of all failures

Pidggin:
Buhari + Kemi Adeosun = Distruction of our economy

TheGoodJoe:


Buhari + Kemi Adeosun = Met Mismanaged Economy.

GEJ + Ngozi Okonjo-Iweala = Destroyed Our Economy.

TheGoodJoe:


Buhari + Kemi Adeosun = Met A Mismanaged Economy.

GEJ + Ngozi Okonjo-Iweala = Destroyed Our Economy.

Pidggin:


An economy with over 7% annual growth rate destroyed? how?

Scholes007:
and the accusations and blame game goes on. Let's say they met what are their steps and policies to amend that. clearly i see no point in this thread

Scholes007:
and the accusations and blame game goes on. Let's say they met what are their steps and policies to amend that. clearly i see no point in this thread

TheGoodJoe:


I am okay with people asking for a solution but I am against NOI peddling lies to hide her incompetence.

Other Nations like Saudi Arabia and Russia are facing economic challenges despite lacking the mismanagement of the last administration.

TheGoodJoe:


“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...Ngozi Okonjo-Iweala.

How can you not see the point in this thread when NOI made such a statement recently?

Scholes007:
you too quick to call mismanagement and last administrations. How about http://www.vanguardngr.com/2011/10/swf-govs-drag-fg-to-s-court/
what happen when fg begged them out of the court

TheGoodJoe:


Why will the Governors not drag the FG to court when they were taking money out of the ECA without appropriation?

ECA: FAAC faults Okonjo-Iweala, denies approving $2bn
withdrawal

The Federation Account Allocation Committee on Tuesday
faulted comments credited to a former Minister of
Finance, Dr. Ngozi Okonjo-Iweala, that it approved the
withdrawal of $2bn from the Excess Crude Account.
The committee, in a statement issued on its behalf by
Forum of Finance Commissioners in Abuja, stated that
the law setting it up did not give it the power to approve
withdrawals from the ECA.

http://www.punchng.com/news/eca-faac-faults-okonjo-iweala-denies-approving-2bn-withdrawal/

You will not see the one NOI took, only Governors.

Scholes007:
yes of cos the gov sue them to court. http://www.vanguardngr.com/2011/10/swf-govs-drag-fg-to-s-court/
i could also remember when she was singing like song the reason for us to save.

TheGoodJoe:


7% on paper. If our economy was so robust and fantastic, would Okonjo-Iweala need to deep her hands into the ECA for Subsidy funds?

With Crude selling over a hundred dollars a barrel, she could not manage the economy.

Jonathan ordered me to withdraw $2bn from ECA to pay fuel subsidy – Okonjo-Iweala


http://www.pmnewsnigeria.com/2015/07/08/jonathan-ordered-me-to-withdraw-2bn-from-eca-to-pay-fuel-subsidy-okonjo-iweala/

Scholes007:
and your point is?

Pidggin:


Hope you are aware of this(2012): Nigeria's co-ordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has warned over the depletion of Nigeria's Excess Crude Account, which currently holds only $ 3.6 billion. Speaking at a forum with civil society organisations in Abuja, Dr. Okonjo-Iweala, blamed demands by governorsâ for equitable distribution of the Nigeria's resources as the main reason for the depletion of the Excess Crude Account and that the current value of the account, $3.6bn, cannot sustain the country if there is an economic crisis. She said, The Excess Crude Account and its successor, the Sovereign Wealth Fund (SWF), are very important, but we have the state governors saying no, we will only allow $1bn. In fact, we managed to get that, and now, they said it is illegal; and so, the country is not able to save in the Excess Crude Account and we have left today in that account only about $3.6bn. Every month, because they say it is illegal, we have been dipping hands into it. Instead of moving that money into the sovereign wealth account, it is being shared until it is almost at the bottom. What that means is that should the price of oil drop today, we have no cushion because $3.6bn for this economy is not enough to take us to any length of time, and that was what I told them at the governors Forum during the National Economic Council meeting the last time.I told them that their argument about the legality or illegality is a moot point because we have spent almost all the money. She also stated that fiscal federalism creates problems for the management of Nigeria's economy, saying Nigeria, because of fiscal federalism, cannot save. The constitution says the President should manage the economy for the benefit of everybody. The decision to save is also part of the management of the economy for the benefit of the people of Nigeria. Every state can save but the Federal Government can save for all Nigerians. The governors can insist on accountability in the management of the SWF as a guarantee against their apprehension." It is difficult getting governors to agree to $1bn savings for the SWF. We had the state governors saying they can only allow $1bn, now they say it is illegal and the country is not able to save.

http://ngex.com/news/public/newsinfo.php?nid=9252

Pidggin:


Hope you are aware of this(2012): Nigeria's co-ordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has warned over the depletion of Nigeria's Excess Crude Account, which currently holds only $ 3.6 billion. Speaking at a forum with civil society organisations in Abuja, Dr. Okonjo-Iweala, blamed demands by governorsâ for equitable distribution of the Nigeria's resources as the main reason for the depletion of the Excess Crude Account and that the current value of the account, $3.6bn, cannot sustain the country if there is an economic crisis. She said, The Excess Crude Account and its successor, the Sovereign Wealth Fund (SWF), are very important, but we have the state governors saying no, we will only allow $1bn. In fact, we managed to get that, and now, they said it is illegal; and so, the country is not able to save in the Excess Crude Account and we have left today in that account only about $3.6bn. Every month, because they say it is illegal, we have been dipping hands into it. Instead of moving that money into the sovereign wealth account, it is being shared until it is almost at the bottom. What that means is that should the price of oil drop today, we have no cushion because $3.6bn for this economy is not enough to take us to any length of time, and that was what I told them at the governors Forum during the National Economic Council meeting the last time.I told them that their argument about the legality or illegality is a moot point because we have spent almost all the money. She also stated that fiscal federalism creates problems for the management of Nigeria's economy, saying Nigeria, because of fiscal federalism, cannot save. The constitution says the President should manage the economy for the benefit of everybody. The decision to save is also part of the management of the economy for the benefit of the people of Nigeria. Every state can save but the Federal Government can save for all Nigerians. The governors can insist on accountability in the management of the SWF as a guarantee against their apprehension." It is difficult getting governors to agree to $1bn savings for the SWF. We had the state governors saying they can only allow $1bn, now they say it is illegal and the country is not able to save.

http://ngex.com/news/public/newsinfo.php?nid=9252

TheGoodJoe:
What the he'll was she warning when she spent from the money without appropriation.

TheGoodJoe:
You are reading the headline, quoting it and still pasting that she warned.

If she could not save the money, why waste time warning. The fact of the matter is that she was incompetent.

Pidggin:


Prove it.

Pidggin:


You are not being objective in your argument, prove your statements and forget sentiments.

TheGoodJoe:
[size=14pt]



Jonathan ordered me to withdraw $2bn from ECA to pay fuel subsidy – Okonjo-Iweala


http://www.pmnewsnigeria.com/2015/07/08/jonathan-ordered-me-to-withdraw-2bn-from-eca-to-pay-fuel-subsidy-okonjo-iweala/

[/size]

TheGoodJoe:


You are asking me to prove what is on the articles I posted.

It was after Ngozi Okonjo-Iweala withdrew from the ECA funds that the Governors asked for theirs.

How could she ask the Governors and the local governments to save their money and she went behind their backs to withdraw it.

Do not attach sentiments and faced the facts. NOI caused it.

Pidggin:


But Nigerians wanted fuel subsidy so what is your point? If people had not protested against fuel subsidy removal at Ojota GEJ would have not ordered her to pay for it from the savings.

Pidggin:


What's your point here? It is a well known fact that GEJ wanted to remove fuel subsidy but Nigerians as well as the opposition refused.

TheGoodJoe:


Exactly what to expect from people like you. You guys are ready to defend NOI with all your might for her mismanagement of the economy. Yet you want Adeosun to shoulder the consequences of NOI's failure.

PRXPERT:
you are mentally slow!!! okonjo iwela is a rare gem!! there is nothing you can do to her image!!