farem:
BETWEEN OKONJO-IWEALA AND KEMI ADEOSUN.

The conspiracy theorists are at it again. They claim that Kemi has resigned her appointment as Finance minister. If Kemi's time is up, how can her stewardship be compared to that of Madam Ngozi Okonjo-Iweala?

**Public Accounting System: For 16yrs, Ngozi used the outdated Incremental Budget System. This system simply adds a certain percent to a previous budget to get a new budget. Kemi introduced an advanced Zero Based Budgeting system which uses cost benefit analysis and divides a project into smaller packages for easy funding and monitoring.

**Anti-graft: Ngozi initiated Treasury Single Account where every govt revenue generating agency pays into one single, govt account. For 16yrs, Ngozi could not implement this laudable policy. Kemi, within 3yrs has achieved more than 90% compliance. The 10% got waivers from above.
BVN was initiated by Ngozi but could not be implemented. Kemi under few months achieved complete compliance.

**Revenue Generation: Under Ngozi KEMI, Snake swallowed billions of JAMB revenue generated. Under Kemi JAMB, FIRS, CUSTOMS and basically all other generating agencies are generating 100s of percentage increases in revenue generation.

**Foreign Reserves: Ngozi saw our foreign reserve increase to $67billion. At the pick of oil boom, Ngozi saw our foreign reserves drop to $27billion. In a time of oil doom, Kemi saw our Foreign Reserves increase from $27billion to $37billion.

**Foreign Exchange: In 1999, a dollar sold for #97. Ngozi saw the naira peg at #197/$. Kemi watched naira rise as high as #305/$ for official and $360/$ for parallel market.

**Cost of living: In 1999, fuel sold at #22/litre. A bag of rice was below #1000. Ngozi coordinated prices to 100s of percentage increases. Fuel pecked at #87/liter and a bag of rice #8000. Kemi watched fuel hit #145/liter and a bag of rice rising to an average of #14000.

**Foreign Debt: At the pick of oil boom our external debts was about $6billion. Kemi added $11billion under 3yrs under oil doom.

**The least is endless.II dont know these ladies paper qualifications and one doesn't have an exemption letter from NYSC. But my accounting training tells me that Kemi made more accounting sense that Ngozi. But their principals, PMB/GEJ, may have contributed in some ways.

-Steve Mbanugo

farem:
[s]BETWEEN OKONJO-IWEALA AND KEMI ADEOSUN.

The conspiracy theorists are at it again. They claim that Kemi has resigned her appointment as Finance minister. If Kemi's time is up, how can her stewardship be compared to that of Madam Ngozi Okonjo-Iweala?

**Public Accounting System: For 16yrs, Ngozi used the outdated Incremental Budget System. This system simply adds a certain percent to a previous budget to get a new budget. Kemi introduced an advanced Zero Based Budgeting system which uses cost benefit analysis and divides a project into smaller packages for easy funding and monitoring.

**Anti-graft: Ngozi initiated Treasury Single Account where every govt revenue generating agency pays into one single, govt account. For 16yrs, Ngozi could not implement this laudable policy. Kemi, within 3yrs has achieved more than 90% compliance. The 10% got waivers from above.
BVN was initiated by Ngozi but could not be implemented. Kemi under few months achieved complete compliance.

**Revenue Generation: Under Ngozi, Snake swallowed billions of JAMB revenue generated. Under Kemi JAMB, FIRS, CUSTOMS and basically all other generating agencies are generating 100s of percentage increases in revenue generation.

**Foreign Reserves: Ngozi saw our foreign reserve increase to $67billion. At the pick of oil boom, Ngozi saw our foreign reserves drop to $27billion. In a time of oil doom, Kemi saw our Foreign Reserves increase from $27billion to $37billion.

**Foreign Exchange: In 1999, a dollar sold for #97. Ngozi saw the naira peg at #197/$. Kemi watched naira rise as high as #305/$ for official and $360/$ for parallel market.

**Cost of living: In 1999, fuel sold at #22/litre. A bag of rice was below #1000. Ngozi coordinated prices to 100s of percentage increases. Fuel pecked at #87/liter and a bag of rice #8000. Kemi watched fuel hit #145/liter and a bag of rice rising to an average of #14000.

**Foreign Debt: At the pick of oil boom our external debts was about $6billion. Kemi added $11billion under 3yrs under oil doom.

**The least is endless.II dont know these ladies paper qualifications and one doesn't have an exemption letter from NYSC. But my accounting training tells me that Kemi made more accounting sense that Ngozi. But their principals, PMB/GEJ, may have contributed in some ways.

-Steve Mbanugo [/s]

benben1000:


These Afonjas have started comparing a global respected economist with a mere kitchen calculator accountant. They even used fake Igbo writer "Steve Mbanugo"

mrbaba18:
Comparing ngozi wit kemi is lyk comparing messi wit bakayoko Mr op dis is an insult 2 Mrs ngozi