1. “Still find it funny that most people don’t know why Nigeria economy went into recession, they love the incompetent lies of Lai Mohammed about the past government ruining
everything. It’s also myopic to think that if Jonathan were to still be in power, we would be worse off.
2. The truth about Nigeria’s recession is this; it was caused by the president’s unguided rhetoric and uncultured body language.
3. Firstly, there is nothing we are buying today that we weren’t buying 5 years ago, therefore it’s not our purchase that put pressure on Naira but withdrawal of funds by foreign
investors.
4. After the election, the president created instability with his unguided statements about how everyone is corrupt and how everyone is going to jail. The instability made foreign
investors to liquidate their investment and change their money to dollars.
5. In the process of trying to flee, they were willing to buy dollars at any price, which lead to high exchange dollar rate.
6. Even though some of them were not ready to run away, but want their money in dollars to save their investments from devaluation, the president gave a bad signal by banning deposit of foreign currency into dormiciliary accounts. That was enough for free market believers to see the draconian handwriting on
the wall, that was the beginning of dollar rush.
7. To make matters worse, the president came up with another outrageous policy of rationing dollar to certain sectors and blocking many
sectors out. That was the nail in the coffin which facilitated the emergence of free FALL.
8. In the end, foreign investors took over $80B out of the economy within a short period and everything went down to free fall.
9. To those who believe it will be worse if Jonathan is still there, you are all wrong. Policy continuity and political stability will not let billions of dollars leave our shores within such
tiny time frame. Even though the government might have income shortage, the private sector will weather the storm by their confidence in the market.
10. The fear of the unknown created by Buhari is responsible for the economic downturn not low oil price.
11. Interest rate in America is currently at 0.5% while it is 12% in Nigeria. JP Morgan Chase will not mind borrowing $50 billion from Feds at 0.5 and put in Nigeria for return of %2000 profit. Citi bank will do the same, likewise US Bank Corp.
12. Chase gave Buhari warning about the repercussions of his fixing policy before they pulled out, but his illiterate cyber warriors and miss educated e-soldiers said JPMORGAN can go to hell, they no longer believe in economic metrics since their messiah is in charge.
13. Funny enough they are all suffering today because of the stupid policy, but they find relief by blaming it on past administration and Gucci appetite of average Nigerians.
14. For your information, if your president “continues” with his unguided rhetoric, Naira will go down to N1000/1 $. But we thank God, he is no longer talking”.
 http://www.nigeriapolitico.net/buhari-caused-the-recession-not-low-oil-price-dr-okonjo-iweala/

I concord.

'

True talk.

Plain truth coupled with the 6months it took Buhari to find his saintly ministers brought down the economy

PS I don't think okonjo jewels WOYLD say such things in such manner. She is too diplomatic to talk like this.


Someone is just expressing his views and wants it to carry a lot of weight hence ascribing it to her.

....Madam Okonjo-Iweala you speak the truth seconded by sane adults home and abroad.

....It is only irredeemable apc zombies who only knows failure as a way of life that still clings to the theory that Jonathan caused the recession we are experiencing now under buhari but never experienced under his(Jonathan's) own administration....

..Ask them who caused the recession that befell Nigeria as well when this same incompetent buhari was at the helm of affairs in 1984 and watch them stammer,stutter or worse..blame shagari! ..

.....The conduct of these apc apologists goes a long way to prove that political zombeism is deadlier than ebola and lassa fever put together..such a shame.

As Much As I Believe Some Of Those Things Written Up There,attributing It To Dr.Ngozi Okonjo Iweala Made Nonsense Of The Write-up.NOI Will Never Use All These Unprofessional And Undiplomatic Words.

But the deluded yolonbas can never believe,a tribe that never love truth,but support wickedness..spits at them!!

Thank God someone has spoken this truth boldly

but this same woman blamed gej, she said he lack political will to govern and did not save..

Aptly put.....and well said NOI

To add a bite to this.

The boys at the creek added pepper and salt to the injury inflicted by bubu by knocking down the country's big revenue earner....OIL.

Cutting down production, cut down $ earned. The shortage in governments $ meant little money to defend the naira and at the same time handle expenditure. So for bubu to have mishandled the proper management of the creek boys meant dealing a blow to the country's main $ defender.

But they won't believe

Addme:
As Much As I Believe Some Of Those Things Written Up There,attributing It To Dr.Ngozi Okonjo Iweala Made Nonsense Of The Write-up.NOI Will Never Use All These Unprofessional And Undiplomatic Words.

Didnt u see the link there?
Why do u want her to be diplomatic, is she a politician
Dont u know she was ur former minister of finance...and blaming it on the past administration can spoil her C.V...... considering d fact that she was once d secretary of world bank...
Lets just hope d president will change his ways by listening to good advice irrespective of the person giving him d advice...and mak good policies...

juss imagine. yet he hasn't jailed anyone. let him continue to blame gej. we will see in 2019

This not from NOI. She has no time for this unless she's responding to some wild allegations.

.

Very Convincing Points/Truths

I'm pretty sure Okonjo Iweala will deny this nonsense before 48 hours
.



Only because she didn't say any of this, this content is the imagination of one braindead wailer

I GUESS IT WAS ALSO BUHARI THAT PUSHED HER TO TELL US THAT THEY WERE BORROWING TO PAY WORKER WHEN OIL PRICE WAS AROUND $65-$70 per barrel?
THIS NEWS IS FIR THOSE WHO ARE JUST GETTING INTO THE NIGERIA POLITICS.

Is ok

NOI didn't say this.
This is not like her statement.

is PMB not having special advicer on economy matters, meeehn am fed up

#bring back our OKONJO#

Seriously?? None of Buhari's advisor can come up with simple way of moving this country forward?

This guy should stop travelling everywhere. House on fire.

$ 1 must not be greater than > = #460.

Quite revealing

Its high time we fashioned out a way forward in 2017,

This is just low, how many fake news are coming next

Ngokafor:



....Madam Okonjo-Iweala you speak the truth seconded by sane adults home and abroad.

....It is only irredeemable apc zombies who only knows failure as a way of life that still clings to the theory that Jonathan caused the recession we are experiencing now under buhari but never experienced under his(Jonathan's) own administration....

..Ask them who caused the recession that befell Nigeria as well when this same incompetent buhari was at the helm of affairs in 1984 and watch them stammer,stutter or worse..blame shagari! ..

.....The conduct of these apc apologists goes a long way to prove that political zombeism is deadlier than ebola and lassa fever put together..such a shame.

If you believe that she said everything in this article then you can believe any thing. M