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Nairaland Forum / Nairaland / General / Politics / Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo (3637 Views)
Hold Buhari Responsible If Naira Depreciates Against Dollars – Reno Omokri / Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies / Tompolo Writes Buhari A Letter: ‘I Supported Jonathan NOT Because I Hate You’ (2) (3) (4)
Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by blackpanda: 7:26pm On Nov 21, 2016 |
TheCable – Ngozi Okonjo-Iweala, former minister of finance, on Thursday said the zero political will to save under former President Goodluck Jonathan is responsible for the challenges the country is facing. Speaking on “inequality, growth and resilience,” at George Washington University, the two-time finance minister said the World Bank and the International Monetary Fund (IMF) must seek means to embed savings in national constitutions devoid of political manipulations. Okonjo-Iweala added that Nigeria was able to save $22 billion under former President Olusegun Obasanjo, which saved the country in 2008, when there was global economic meltdown. Speaking on the Chilean saving example, Okonjo-Iweala said: “We tried it in Nigeria, we put in an oil price based fiscal rule in 2004 and it worked very well. “We saved $22 billion because the political will to do it was there. And when the 2008 /2009 crisis came, we were able to draw on those savings precisely to issue about a 5 percent of GDP fiscal stimulus to the economy and we never had to come to the bank or the fund. “This time around and this is the key now, you need not only need to have the instrument but you also need the political will. In my second time as a finance minister, from 2011 to 2015, we had the instrument, we had the means, we had done it before, but zero political will. “So we were not able to save when we should have. That is why you find that Nigeria is now in the situation it is in. Along with so many other countries.” On solving the problem of political will and political manipulations, she said: “That is the question that I ask, what do we need to do to these countries to save over a period of long accelerated growth. “We need to devise mechanisms not just that are good technically but find a way to either embed them in the constitution or find a way to separate them from the political manipulation so that these countries can survive over time. “To build resilience, African countries need tools, mechanisms and it is doable and we need to interrogate ourselves why we have not done it.” She added that manufacturing was also critical to growth in Nigeria and the rest of Africa, quoting manufacturing as just 11 percent of GDP in Africa, and nine percent in Nigeria. “I do not believe that we can be resilient, except if we can encourage manufacturing even on the goods we consume, services, entertainment industry, agriculture. “I think these are the kinds of questions that policy makers struggle with on a daily basis and that is what we are going to answer to get resilience. “If we don’t get these mechanisms, we politicise them, find ways to transform the base of the economy and create jobs including in manufacturing, I believe we are going to go into this looming deceleration that is being talked about.” http://spynigeria.com/2016/08/13/jonathan-not-buhari-responsible-nigerias-current-economic-woes-dr-okonjo-iweala/ 1 Like |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by NaijaMutant(f): 7:30pm On Nov 21, 2016 |
Junk news from the stables of spyApc 2 Likes |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by ikp120(m): 7:34pm On Nov 21, 2016 |
Lol... Who get this woman number? I wan send her 100 Naira recharge card (yea 100 Naira; life is in phases, men are in sizes) for being honest 4 Likes |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by Sibrah: 7:40pm On Nov 21, 2016 |
The woman too is mad at Jona. 3 Likes |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by ObaKlaz: 7:40pm On Nov 21, 2016 |
Aaaaah!!!! iPod Yoots ain't gonna like this! 8 Likes 2 Shares |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by Abduljohn(m): 7:45pm On Nov 21, 2016 |
Political will to save? What was ur effort as minister of Finance to save money? Why are you just saying it now? Pls we are in it already and those that promised us change have been doing the blame but remeber that Buhari was warned about some pple recently, hope they wont warn u also soonest |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by Alariwo2: 7:51pm On Nov 21, 2016 |
GEJ shey you see your life now? clueless, ineffectual and wicked at the same time.. your entire generations will suffer for it Infact you are cursed already Joseph who was not an Egyptian saved for famine in Egypt, yet a mistake not a Ghanian or Chadian could not save for his own country... Even after Okonjo and d likes warned you, you kept stealing The man on the throne will smite you and all your hateful bigot worshippers blaming PMB now for our woes 8 Likes 2 Shares |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by Nobody: 7:54pm On Nov 21, 2016 |
Stale news. Why are these bloggers recycling news. 10 Likes |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by tanteta(m): 7:58pm On Nov 21, 2016 |
Stale news.........Stale news...........Stale news...........Stale news........stale news. 10 Likes |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by Babanah: 8:01pm On Nov 21, 2016 |
Good point from Ngozi. And this is why the the National Assembly must amend the constitution now to legalise the so called excess crude account. 2 Likes |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by babyfaceafrica: 8:03pm On Nov 21, 2016 |
Ngozi okonjo is an afonja.....ipad yoots!!!! 1 Like |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by Anambra1stSon(m): 8:06pm On Nov 21, 2016 |
Afonja web page 2 Likes |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by otukpo(f): 8:10pm On Nov 21, 2016 |
All these Buhari apostles always try to use GEJ to exonorate their idol of his failures. They still go as far as using the same Ngozi okonjo-iweala they so much love to hate to carry on with their propaganda. 12 Likes |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by BrutalJab: 8:18pm On Nov 21, 2016 |
lol. |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by Neozy(m): 8:31pm On Nov 21, 2016 |
Everyone Knows This Except The Gullibe Ones Who Think Recession Came About In Just A Year. 5 Likes |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by Funlordjnr: 8:38pm On Nov 21, 2016 |
Ebele oooooooooooh!!!!! Na everybody you offend? Even people wey you settle? Haba.... 1 Like |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by 9jaBloke: 9:24pm On Nov 21, 2016 |
It's not news |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by LadyExcellency: 11:51pm On Nov 21, 2016 |
I didn’t indict Jonathan over ‘savings’ statement – Okonjo-Iweala The immediate past Minister of Finance, Dr Ngozi Okonjo-Iweala on Friday denied indicting the administration of former President Goodluck Jonathan on its inability to save for the rainy day. The former minister said in a statement issued by her Media Adviser, Mr. Paul Nwabuikwu that while the Jonathan administration was willing to save for Nigerians, the plan was opposed by the state governors at the time. She said the opposition culminated in the governors taking the Jonathan government to the Supreme Court in furtherance of their position that the Federal Government had no right to compel them to save. The statement reads in part, “Some recent media reports have distorted comments made by former Finance Minister Dr. Ngozi Okonjo-Iweala regarding how lack of political will negatively impacted national savings over the past few years. “Contrary to the slant, Dr. Okonjo-Iweala did not indict the Jonathan administration in which she served. “Rather, she was referring to what many Nigerians already know: the strong opposition by some governors to the Jonathan government’s efforts to save in the Excess Crude Account and the Sovereign Wealth Fund sabotaged this important national priority. “The governors’ criticism of Dr. Okonjo-Iweala’s many calls for the country to save for the rainy day are still fresh in the minds of Nigerians. http://punchng.com/i-didnt-indict-jonathan-over-savings-statement-okonjo-iweala/ Buhari Policies Annoying And Sending Away Investors - Bloomberg “So far the Buhari administration has done all the wrong things,” Dehn said by phone from London. “Not only has he been incredibly slow in taking any action, when he finally has taken action on the economic front it’s been diametrically opposed to sensible policy. That is a major disappointment given expectations prior to his election.” http://www.bloomberg.com/news/articles/2015-11-26/buhari-bounce-becomes-bust-as-nigeria-policies-annoy-investors 10 Likes |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by Nobody: 2:15am On Nov 22, 2016 |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by HtwoOw: 4:17am On Nov 22, 2016 |
We all know who did what, just wish the news came from a more credible source |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by blackpanda: 4:36am On Nov 22, 2016 |
LadyExcellency: Even if its true that the Governors did not want Jonathan to save their share. But what about Federal Govt share of the excess crude account?? Where did it disappear to Obviously the Jonathan that dashed $2.1billion cannot by any stretch of the imagination be trusted to save any money for anybody! 4 Likes |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by Atiku2019: 5:16am On Nov 22, 2016 |
Atiku 2019 We Know 1 Like |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by MeAboki(m): 5:48am On Nov 22, 2016 |
Alariwo2: Indeed, GEJ a.k.a.Jogogoro, Odechukwu (Phd without intelligence) and the Clueless, was the worst ever head of state; he presided over unprecedented looting of the country and literally squandered away our future; hence the bane of our current woes.
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Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by Bizibi(m): 6:09am On Nov 22, 2016 |
Hahahaha,recycled fake news |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by wristbangle: 6:09am On Nov 22, 2016 |
The IPOB youths will neglect this thread because they hate seeing the truth in their frustrated lives. They are used to deceit, propaganda and strife yet their very own throw tantrum on the mismanagement of the ineffectual buffoon administration. They defend moronic and senseless group of crooks and still claim to be the most sophisticated human beings on earth. I want to hear from their mouths that NOI is now an afonja 1 Like |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by Obipat(m): 6:28am On Nov 22, 2016 |
Was she not the minister for finance? What was her effort? It started from GEJ but buhari na area scatter. Buhari finished business |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by ChessEnthusiast: 6:41am On Nov 22, 2016 |
LadyExcellency: Jonathan Had No Political Will To Save - Ngozi Okonjo Iweala https://www.youtube.com/watch?v=z4I9yanhAaM Watch the video above and cover your face in shame 2 Likes |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by ChessEnthusiast: 6:43am On Nov 22, 2016 |
Jonathan Had No Political Will To Save - Ngozi Okonjo Iweala https://www.youtube.com/watch?v=z4I9yanhAaM Everyone should see that video... NoI affirmed that they (Gej and her) lacked the political and will to save. 1 Like |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by Uniben4sure: 6:52am On Nov 22, 2016 |
Is Jonathan also responsible for the decline in power supply since buhari became president? Is Jonathan also responsible for the electoral manipulations that have become the norm since buhari came to office? Perhaps Jonathan is also responsible for the killing of Shi'ite Muslims and armless Biafran protesters? Blame everything on Jonathan while buhari is blameless! 1 Like |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by andersonbaba(f): 7:23am On Nov 22, 2016 |
. |
Re: Jonathan Not Buhari Responsible For Nigeria's Economic Woes - Okonjo by ThaPatriot(m): 7:26am On Nov 22, 2016 |
t |
Nigerian Coat Of Arms Modified. See Pix For Proof. / Under My Government, Prices Were Not Out Of Control – Goodluck / How Buhari Will Win 2019 Polls.
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