The tribal bias is shameful
What exactly did she achieve as finance minister

ONE THING PLEASE?

Gnaeusmagnus:


The whites, as I said, made a big mistake in not spending well on education for the blacks, and also restrcting jobs for them (to be , for example, an air technican, was prohibited for blacks)

The result, when arphateid fell, was that there was a country with millions of poorly educated people who could not make much contributons to the economy. (China, on the other hand invested heavily in technical education..with the result that it is the world's workshop)..meaning that they did not have the means to build a proper industrial economy.(The arphateid government tried to solve the problem by importing white workers, and exporting agric priducts, and spending less on the blacks, and more on whites)

Plus many of those people wanted the benefits of 'freedom' (many of them fought for the end of Arphateid, and suffered. Jacob Zuma , for example, is a corrupt lout, but he did spend over 20 years in jail for his anti-arphateid activity..which is a big reason why he and his first wife don't have kids...he was arrested after they got married)..and the ANC immediately did what many African countries did...ramp up the exports of raw materials for quick money

Problem is, the prices of the raw materials SA sells are not controlled by the government (Diamonds, a major export earner, has its prices set in London, not Joburg)..so if prices fall below the price that can sustain the economy, problems start

Hence the recession

China does not have any indigenous black people. If SA had been divided into 2 countries, you would have seen the clear difference. You can not force education down the throat of people who are not interested. The corruption of black man appears to be millions of years ahead of white.

oilPUSSY:
Where is Kemi Adeosun, the yoruba version of Ngozi Okonjo Iwela ?

Will you keep quiet??

otokx:


China does not have any indigenous black people. If SA had been divided into 2 countries, you would have seen the clear difference. You can not force education down the throat of people who are not interested. The corruption of black man appears to be millions of years ahead of white.

It wasn't that black people were not interested...spending on educaiton during arphateid was far less for black people.

Then there were deliberate polices eg [url=https://en.wikipedia.org/wiki/Bantu_Education_Act,_1953]Bantu educaiton[/url].

Some black people who wanted a good education had to go abroad. Some ended up here in Nigeria.

0m0nnakoda:
The tribal bias is shameful
What exactly did she achieve as finance minister

ONE THING PLEASE?

that's what is killing Nigeria, she is from my side, I must praise her for either good or bad

Ngozi is an economic consultant.

She consults for the biggest economies in the world.

Truth is between 2011 and 2015 Oil prices were higher than at any time in history and that may never be repeated.


What exactly did she achieve during this window of opportunity.
When Sanusi spoke up against looting she superintended his dismissal.

The looting under her tenure is unrivalled

Yomit71:

that's what is killing Nigeria, she is from my side, I must praise her for either good or bad

I am willing to change my mind about her if anyone can point to her achievements

Evilgenuis:
Brains... She will surely provide lasting solution Igbo Amaka

Will you keep quiet?

Nigeria amaka.

Nonsensical hemoglobin.

Yomit71:
Of what importance is she to Nigeria, misplaced priority by Ramaphosa

You want them to employ Fowler and zainab?

Haba. That is economic suicide.

useurkidney3121:

U mean ur mother opolo

Do you really understand what he meant by BRAIN DRAIN?

She's Niger Deltan

Her name is Ngozi

Is Ngozi Igbo, Hausa or Yoruba?

0m0nnakoda:


I am willing to change my mind about her if anyone can point to her achievements

Her achievements are numerous to mention, as well as her shortcomings.
A bigot would not see the former.

Buhari just borrowed 22 billion dollars.
You would need another okonjo with her powers of connection to get you debt cancellation if ever possible.

mercyville:


Okonjo Iweala put Nigeria in recession while Kemi got Nigeria out within 1 year even with an obstinate man like Buhari.







Africa's richest economy is borrowing money to pay salaries as it struggles through a "difficult cash crunch" brought on by halved oil prices, Nigeria's finance minister revealed.

The news comes as Nigeria prepares to welcome a new government at the end of this month and the country's naira currency remains in a slump, hovering between 180 and 220 to the US dollar. It was trading at 160 a few months ago.

Minister Ngozi Okonjo-Iweala tried to be upbeat in a speech on Tuesday after lawmakers approved the 2015 budget - revised three times because of slashed oil prices that provide 80 percent of revenue for the government of Africa's biggest petroleum producer.

She said "revenue challenges" had prohibited the release of any funds for capital expenditure this year but that food prices and single-digit inflation remained quite stable. And she said the economy still was on course to grow 4.8 percent this year.

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"We have front-loaded the borrowing programme to manage the cash crunch," Okonjo-Iweala told lawmakers.

"Out of the 882 billion naira budgetary provision for borrowing, the government has borrowed 473 billion naira to meet up with recurrent expenditure, including salaries and overheads."

That is bad news for the incoming government of President-elect Muhammadu Buhari, who takes over on May 29 from incumbent Goodluck Jonathan.

Buhari acknowledges that constricted revenue and endemic corruption threaten his will to deliver on development and reconstruction of areas devastated by a nearly 6-year-old rebel uprising in the northeast.

He says his fight against corruption should produce the money needed to bring change to a country where oil proceeds benefit a small clique while the majority of the 170 million people in Africa's most populous nation live hand to mouth.

Critics blame the financial crisis in part on the most expensive election ever held in Nigeria, though no one knows how much politicians from both sides spent during their campaigns





https://www.aljazeera.com/news/2015/05/150506055148505.html

In Iweala's time: 3 to 4 cfas to N1, 150-200naira to $1.....In Kemi's time:1.1 to 1.6cfas to N1, 300-400naira to $1.

sharone21:


In Iweala's time: 3 to 4 cfas to N1, 150-200naira to $1.....In Kemi's time:1.1 to 1.6cfas to N1, 300-400naira to $1.

All the best things about Nigeria happened under Ngozi.

Even if buhari's government had brought her in, she wouldn't have had the freedom to do her thing due to unnecessary interference from buhari boys.... She for still resign, they play politics with everything and that's why nothing has changed, rather, they re getting worse everyday

johnmattew:
dementia?...but she was the finance minister when oil boom was experienced,yet she kick-started the downfall of our economy

God bless you my brother, As if Nigeria has not tested her before.
What was her impact on Nigeria Economy during brother jona?

Lovely

Is only a foolish person that will compare Iweala with Adeosun. You cant compare the quantity of meat in a cow ,with that of an rabbit

CSTR2:
Ngozi is an economic consultant.

She consults for the biggest economies in the world.

reality is far from you,
What was her achievement during Jonathan name it.
Bigot

joepepsy:
What did he achieve during Jonathan's regime.

You were still a toddler then so u wud not know

otokx:


The sooner they hand that country back to the white man, the better for them.

Primitive thought pattern that has no place in 2020

One bitter truth that the SA ppl refuse to accept is Naija no be their mate.

Even when Nigeria is not doing well, still e no be mate of any Country in Africa.

Many on American Continent and Asia can't stand us. No be mouth.

I pledge to Nigeria my Country
To be highly proud of her greatness and ruggedness
To warn all the small pround countries like South Africa
To be humble and respectful to us in their dealings
And try to continue to lay some curses daily as I wake
On all our embezzling politicians in senate and assembly
And warn all Nairaland Buhari warriors and fighters
To borrow some sense and be truthful
And encouraged Sarrki and other repentants
To never return to their vomits
And finally to tell who cares to listen
One day I will be your president
So help me God

Gnaeusmagnus:


When Okonjo Iweala was at the World Bank , she wrote a big part of the blue print on how resource dependent nations like SA can get free from their economic issues

She tried in Nigeria, we did not listen because Nigeria is not ready to be a producer nation. Hope the SA people listen

Instead Dasuki and that guy what's his name again were busy sharing our yams under GEJ and this same Iweala

Thonypadua:
reality is far from you,
What was her achievement during Jonathan name it.
Bigot

What I posted is different from what you replied to.

Are you arguing the fact that she is a consultant or her achievements for Niger?

Choose one.

johnmattew:
have u forgotten she was the minister when oil was 115 dollar per barrel?

She made Nigerian economy the best in Africa

Hmmm, The beauty of being an astute professional and a Global Resources.
God bless you Madam.

me waitjng for d FG to tell us how,much dey spend on Coronavirus patient

Liverpool ehn they should go and beg the person they offend nah
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CSTR2:

What I posted is different from what you replied to.

Are you arguing the fact that she is a consultant or her achievements for Niger?

Choose one.

just answer and stop shifting the goal post.

solmusdesigns:


Recession means economy contrasting instead of growing, meaning your quarterly economic growth is negative, in Nigeria the numebr one thing funding our economy is GDP largely backed by crude oil sales, and in SouthAfrica its tourism... when oil price suddenly declined Nigeria suffered recession, and when tourism declined in south africa their economy contrasted

MR OLODO its not rocket science

You are wrong on this one.South Africa is not a one-commodity-dependant economy.South Africa is the biggest producer and exporter of wine on the continent and we have other mineral resources like gold and platinum.In Nigeria if that oil evaporates then it's game over

Gnaeusmagnus:


No she did not.

The issue was that GEJ's government did not listen to her on removal of fuel subsidy, otherwise by now, our economy would have been in a better place.

Excess crude account...governments did not listen to her on that (Bubu inclusive)

d woman as done nothing rememberable.....just tell me one policy or idea she introduced throughout her tym as finance minister......apart from squandering resources togeda with his boss .....nonsense and iweala