TANTUMERGO007:

noticed

cuteboy2:
In a follow up interview with Dr Idika Kalu, he is advancing very cogent arguments on the overall economic strategy of this govt.

He says :

* We had in place beautiful plans to build railways linking Calabar to Lagos. Lagos to Abuja and Kaduna, and linking up to Gombe which would have opened up the core agricultural areas where boko haram is festering now, but these were never implemented by succeeding govts.

* We started the steel manufacture journey with Korea in the 70's. Today Korea has huge steel plants feeding massive Hyunadi and Samsung shipbuilding yards, and we are still talking Ajaokuta. Ajaokuta has failed and is moribund. It should be shut for good rather allowing it to continue to guzzle money, and a huge sign hung there stating how not to implement steel projects.

* It is not about reflating the economy, but re-structuring the economy.

* You do not need to micro plan and micro manage the way they are doing

* You cannot be diversifying if your exchange rate is out of the window

* You cannot maintain such wide disparity between official and black market exchange rate

* It is not about devaluation. You have already gone way below or beyond devaluation.

* What does "gone way below the true rate" Ans: Our fixation on the exchange rate control is causing panic demand which is driving the current artificial parallel market rate. There are techniques and ways to estimate the fair value, adopt it and and significantly fund it and gap will narrow and even disappear when the economy revs up. Newspapers will go to town that you have devalued, so what?

Subway1011:



The forum is now a joke, too many homeless children roaming the forum like a headless chicken, the troll called TANTUMERGO007 have no single shame, always on nairaland posting childish jargons while his fellow brainless kid applaud him. Pathetic

Subway1011:


Mschew, you will regret wasting your life trolling on nairaland by the time you start opening gate for your mates.

maestroferddi:
How is it anybody's fault that you are incapable of critical thinking?

If there anything the administrators of the forum should do, it is to find an ingenious way of filtering out/sieving off views of sub-par IQ people...

* What is the current amount in excess crude account? Ans: I don't have that figure. You (Maupe) quoted it sometime ago. I think it is $2.1b or $2.2b, I am not sure of the amount.

Subway1011:
[s][/s]

Shut it there, Coming from a paid hack whose pathetic life depend on nairaland, who even take a nobody like you serious? You are just a typical noise maker whose only contribution here is to defend rogues and politicians that ruined your life, you have no conscience little man.

fyneguy:
Thank God I saw the interview on Youtube just now. I am really impressed!

The comments here are so misleading, especially the summary.

Subway1011:
[s][/s]

Shut it there, Coming from a paid hack whose pathetic life depend on nairaland, who even take a nobody like you serious? You are just a typical noise maker whose only contribution here is to defend rogues and politicians that ruined your life, you have no conscience little man.

iflywithbuhari:

Even if, all she did was to fart for 15 minutes, you would still come online and say she was impressive. Let's face it, you don't have a choice. She was a complete failure in the interview. Noone likes a government official who's only aim is to be politically correct and evasive.

hedonistic:
I watched it. She gave very pedestrian answers; no depth at all. Masking her cluelessness and vacuity with a fake accent is what she seems to do best.

A significant downgrade from Ngozi Okonjo-Iweala.

ckmayoca:
Funniest part is mentioning Lai mohammed as member of economy team. Lai of all people.

CSTR2:
Very passive woman. Probably, A symptom of shallow depth in knowledge.
Unlike Ngozi who was very confrontational, well versed in her numbers and seem to be in the control of things.
That is my intellectual analysis devoid of sentiments.

fyneguy:
lol versed in numbers and the economy went bonkers!

If you didn't get the imports of her explanations, it's either you have no idea how the economy works or you have communication issues.

cuteboy2:
Min of Finance, Kemi Adesoun Channels TV, blowing queens English

* Many prominent actors in in previous govt as state governors who vehemently opposed efforts by FG to save excess crude, and insisted the money should be shared are now ministers in current govt and are pointing fingers accusing previous govt of not saving.
Ans: I don't want to hold brief for anybody. But even if the states did not save, the FG should have saved its own portion


* Are we now saving excess funds? Ans: No we are not savings because you cannot save when you are borrowing. We are borrowing and struggling to pay salaries

* How much money has been recovered so far? Ans: I don't have that figure

* What is the current amount in excess crude account? Ans: I don't have that figure. You (Maupe) quoted it sometime ago. I think it is $2.1b or $2.2b, I am not sure of the amount.

* We have some people complaining of TSA, eg ASUU: We are working with universities and CBN to see if we can grant exemption to them

* They put a blame on govt on leakages. Is it something your ministry can fight? Ans: Absolutely. Last year, we spend N19b on roads and N64b on travels. We are trying to limit travels and the flight class of various govt officials.

* How are limiting leakages in govt? Ans: We are trying to introduce debit cards for routine govt expenditures.
* Has this debit card kicked off? Ans: No we are trying to get proposals from 3 banks, then we shall go through learning process

* How are you aligned with CBN on fiscal and monetary policies. CBN should be doing monetary, and your ministry should be looking at fiscal. Ans: We are trying to align.

Are you in IMF programme? Ans: No we are not IMF programme.

* Do we have an economic Team? Ans: We have an economic team

* It will shock you that Nigerians do not know those who are members of the economic team. Ans: (Becomes upset) Don't you know the ministers? Don't you know me. VP Osibanjo, Min of State & budget, Min of Info, Head of DMO, etc are members

* What is the Economic blueprint? Ans: We are going to invest in infrastructure. We are going to diversify the economy. If we can feed ourselves, it will energise the economy.

opalu:
Highly intelligent and resourceful Minister. God bless you Ma

LadyExcellency:
There is certainly a mistake somewhere. Appointment of Finance minister should've transcended "man know man", "padi padi" settlement.

Maupe is telling her the amount in excess crude account? How then can the media quote an authority or authoritatively say what we have at the moment.

Planned Economy my foot when manufacturers and suppliers are running low on raw materials like sugar and other essentials, Unilever, PZ, P&G etc are shutting down some brands/lines because of non-availability of raw materials notwithstanding patronizing and supplementing production with local raw materials.

Madam Oby was 100% right.

opalu:
Highly intelligent and resourceful Minister. God bless you Ma

TANTUMERGO007:
'fine face no BRAIN' minister









Buhari was a mistake

TANTUMERGO007:
'fine face no BRAIN' minister








Buhari was a mistake

fyneguy:
Thank God I saw the interview on Youtube just now. I am really impressed!

The comments here are so misleading, especially the summary.

cuteboy2:
Min of Finance, Kemi Adesoun Channels TV, blowing queens English

* Many prominent actors in in previous govt as state governors who vehemently opposed efforts by FG to save excess crude, and insisted the money should be shared are now ministers in current govt and are pointing fingers accusing previous govt of not saving.
Ans: I don't want to hold brief for anybody. But even if the states did not save, the FG should have saved its own portion

* Are we now saving excess funds? Ans: No we are not savings because you cannot save when you are borrowing. We are borrowing and struggling to pay salaries

* How much money has been recovered so far? Ans: I don't have that figure

* What is the current amount in excess crude account? Ans: I don't have that figure. You (Maupe) quoted it sometime ago. I think it is $2.1b or $2.2b, I am not sure of the amount.

* We have some people complaining of TSA, eg ASUU: We are working with universities and CBN to see if we can grant exemption to them

* They put a blame on govt on leakages. Is it something your ministry can fight? Ans: Absolutely. Last year, we spend N19b on roads and N64b on travels. We are trying to limit travels and the flight class of various govt officials.

* How are limiting leakages in govt? Ans: We are trying to introduce debit cards for routine govt expenditures.
* Has this debit card kicked off? Ans: No we are trying to get proposals from 3 banks, then we shall go through learning process

* How are you aligned with CBN on fiscal and monetary policies. CBN should be doing monetary, and your ministry should be looking at fiscal. Ans: We are trying to align.

Are you in IMF programme? Ans: No we are not IMF programme.

* Do we have an economic Team? Ans: We have an economic team

* It will shock you that Nigerians do not know those who are members of the economic team. Ans: (Becomes upset) Don't you know the ministers? Don't you know me. VP Osibanjo, Min of State & budget, Min of Info, Head of DMO, etc are members

* What is the Economic blueprint? Ans: We are going to invest in infrastructure. We are going to diversify the economy. If we can feed ourselves, it will energise the economy.