Thanks for the free education you are providing here.

These guys are just saying a Federal minister wield more powers than the President and Commander in Chief that appointed that Federal minister into his cabinet.

What a Saturday morning!

huptin:


This is tales by moonlight. How can an employee single handedly buy back the loan of her own country? Isn't that a gross abuse of her office, assuming she even had that power.

Paris club and world bank have a governing board and decisions like that rest with them, not even the world bank president have such powers.

Mention one other world bank employee tha has been able to achieve that!

Employees do not take executive decisions they execute. If it was so easy no country will owe, every body will just tell their citizens employed by world bank to cancel their debts at will.

Obasanjo visited and hosted all the who is who in world politics, they never declined, if they did, provide the link. They were only interested in ensuring that the money saved is judiciously utilised.

They listed so many conditions, including the establishment of EFCC, ICPC, the due process office etc.

Okonjo iweala was an employee of world bank introduced to Obasanjo, she was not even a member of paris club, so how would she have been able to influence such a huge decision, taken by heads of state of developed countries?

She wasn't even the MD of the world bank, it was after after serving Obasanjo that she was made the MD, and she failed massively when she attempted to become the president

Do you think the world bank and paris club are one esusu organisation where employees can be allowed to take decisions on debt cancellation and forgiveness? Even here in Nigeria, such decisions rest with the executive board, not even the GMD can unilaterally take that decision.

Please upgrade your knowledge!

PS, i just reread your statement up there, that world Powers declined Obasanjo now handed over to Okonjo Iweala, (an employee of world bank) haba now, even if you are telling stories, check for validity!

An employee of an organisation will wield such huge powers? Employee of world bank o, whose country is not even a member of the paris club?

Come on, oya name an employee in the whole world that have such powers? Just one!

This is the craziest tale by moonlight i ever heard. Even now as the president of the World Trade Organisation, there is nothing, absolutely nothing she can do to help Nigeria without the express approval of the executive board! And she can't be seen to be lobbying inappropriately for Nigeria! She will be asked to resign.

You think international organisations are like Nigerian presidency where nepotism is the order of the day?

huptin:


This is tales by moonlight. How can an employee single handedly buy back the loan of her own country? Isn't that a gross abuse of her office, assuming she even had that power.

Paris club and world bank have a governing board and decisions like that rest with them, not even the world bank president have such powers.

Mention one other world bank employee tha has been able to achieve that!

Employees do not take executive decisions they execute. If it was so easy no country will owe, every body will just tell their citizens employed by world bank to cancel their debts at will.

Obasanjo visited and hosted all the who is who in world politics, they never declined, if they did, provide the link. They were only interested in ensuring that the money saved is judiciously utilised.

They listed so many conditions, including the establishment of EFCC, ICPC, the due process office etc.

Okonjo iweala was an employee of world bank introduced to Obasanjo, she was not even a member of paris club, so how would she have been able to influence such a huge decision, taken by heads of state of developed countries?

She wasn't even the MD of the world bank, it was after after serving Obasanjo that she was made the MD, and she failed massively when she attempted to become the president

Do you think the world bank and paris club are one esusu organisation where employees can be allowed to take decisions on debt cancellation and forgiveness? Even here in Nigeria, such decisions rest with the executive board, not even the GMD can unilaterally take that decision.

Please upgrade your knowledge!

PS, i just reread your statement up there, that world Powers declined Obasanjo now handed over to Okonjo Iweala, (an employee of world bank) haba now, even if you are telling stories, check for validity!

An employee of an organisation will wield such huge powers? Employee of world bank o, whose country is not even a member of the paris club?

Come on, oya name an employee in the whole world that have such powers? Just one!

This is the craziest tale by moonlight i ever heard. Even now as the president of the World Trade Organisation, there is nothing, absolutely nothing she can do to help Nigeria without the express approval of the executive board! And she can't be seen to be lobbying inappropriately for Nigeria! She will be asked to resign.

You think international organisations are like Nigerian presidency where nepotism is the order of the day?

Yours are tales by the Sunlight, the whole world knows she was responsible for Nigeria’s debt cancellation. The political arguments for debt relief were not going to change – that Nigeria was Africa's most populous country, that the millennium development goals would never be reached without debt relief, that Nigeria was an important source of geopolitical stability in Africa, and so on. But the country had suffered so much economic mismanagement over the years that its biggest creditors – the UK, France, and Germany –
weren't convinced that debt relief, in the absence of economic reforms, would do any good. So Okonjo-Iweala's strategy changed. When she first met the finance ministers of US, UK, France, Germany, Japan, Italy, Canada and Russia in 2003, she didn't ask for any debt relief at all. Rather, she spelled out her economic policies, and told the assembled creditors that if and when she could show that those policies were working, then she'd ask for debt relief. "We would ask for relief because we had done the right things," she says. The main plank of Okonjo-Iweala's policy is the National Economic Empowerment and Development Strategy, or Needs. She calls it "a very well defined structural reform programme" that is designed to provide macroeconomic stability through a combination of non-oil GDP growth, disinflation, management of foreign reserves, fiscal discipline and budget transparency at both the federal and state levels. She says that simply publishing the amount of money that each state of the federation gets every month "has been a revolution". Now, she says, "people ask what is
happening to their money at the local government level"
and demand accountability. But "the single biggest achievement", according to Okonjo-Iweala, was her success in delinking the budget from oil prices. "We know that oil prices are mean-reverting," she says. "We have to plan carefully for the day when oil prices come down."That year the budget was based on oil at $25 per barrel and the next year it is based on oil at $30 per barrel: revenues beyond that are not automatically spent as they come in. As a result, Nigeria's foreign reserves have started rising, and the groundwork was laid for the Paris Club agreement.There was still the problem of the IMF, however. The Paris Club doesn't agree to debt relief unless an IMF agreement is in place, and Okonjo-Iweala didn't want one. "If you want to stop reform dead in its tracks, the best thing you can do is to invite in the IMF," she says. "If Nigerians thought that this was being imposed from outside, it would never succeed." But Okonjo-Iweala was convinced that her programme was tougher than anything the IMF could come up with. So she persuaded OBASANJO to invite the IMF to look over the country's books on a quarterly basis – something called a "policy support instrument". It's essentially a way in which Nigeria can certify to the rest of the world, and specifically to the Paris Club, that it is doing the right thing, without having a formal IMF
programme in place. Once Needs was in place and working, Okonjo-Iweala started thinking about how to get a Paris Club
agreement. "We were told you need a champion," she says, so she started lobbying the obvious one: the UK government. Not only was the UK Nigeria's largest creditor, it was also about to chair the G8, where it wanted to emphasize debt relief. Bilateral discussions took about six months, but in the
end the UK was utterly convinced. Between them, senior UK Treasury official Jon Cunliffe and chancellor of the exchequer Gordon Brown, international development minister Hilary Benn, and prime minister Tony Blair proved a formidable team to go to bat alongside Nigeria to persuade the rest of the Paris Club to come to an agreement.

hamouston91:



Yours are tales by the Sunlight, the whole world knows she was responsible for Nigeria’s debt cancellation. The political arguments for debt relief were not going to change – that Nigeria was Africa's most populous country, that the millennium development goals would never be reached without debt relief, that Nigeria was an important source of geopolitical stability in Africa, and so on. But the country had suffered so much economic mismanagement over the years that its biggest creditors – the UK, France, and Germany –
weren't convinced that debt relief, in the absence of economic reforms, would do any good. So Okonjo-Iweala's strategy changed. When she first met the finance ministers of US, UK, France, Germany, Japan, Italy, Canada and Russia in 2003, she didn't ask for any debt relief at all. Rather, she spelled out her economic policies, and told the assembled creditors that if and when she could show that those policies were working, then she'd ask for debt relief. "We would ask for relief because we had done the right things," she says. The main plank of Okonjo-Iweala's policy is the National Economic Empowerment and Development Strategy, or Needs. She calls it "a very well defined structural reform programme" that is designed to provide macroeconomic stability through a combination of non-oil GDP growth, disinflation, management of foreign reserves, fiscal discipline and budget transparency at both the federal and state levels. She says that simply publishing the amount of money that each state of the federation gets every month "has been a revolution". Now, she says, "people ask what is
happening to their money at the local government level"
and demand accountability. But "the single biggest achievement", according to Okonjo-Iweala, was her success in delinking the budget from oil prices. "We know that oil prices are mean-reverting," she says. "We have to plan carefully for the day when oil prices come down."That year the budget was based on oil at $25 per barrel and the next year it is based on oil at $30 per barrel: revenues beyond that are not automatically spent as they come in. As a result, Nigeria's foreign reserves have started rising, and the groundwork was laid for the Paris Club agreement.There was still the problem of the IMF, however. The Paris Club doesn't agree to debt relief unless an IMF agreement is in place, and Okonjo-Iweala didn't want one. "If you want to stop reform dead in its tracks, the best thing you can do is to invite in the IMF," she says. "If Nigerians thought that this was being imposed from outside, it would never succeed." But Okonjo-Iweala was convinced that her programme was tougher than anything the IMF could come up with. So she persuaded OBASANJO to invite the IMF to look over the country's books on a quarterly basis – something called a "policy support instrument". It's essentially a way in which Nigeria can certify to the rest of the world, and specifically to the Paris Club, that it is doing the right thing, without having a formal IMF
programme in place. Once Needs was in place and working, Okonjo-Iweala started thinking about how to get a Paris Club
agreement. "We were told you need a champion," she says, so she started lobbying the obvious one: the UK government. Not only was the UK Nigeria's largest creditor, it was also about to chair the G8, where it wanted to emphasize debt relief. Bilateral discussions took about six months, but in the
end the UK was utterly convinced. Between them, senior UK Treasury official Jon Cunliffe and chancellor of the exchequer Gordon Brown, international development minister Hilary Benn, and prime minister Tony Blair proved a formidable team to go to bat alongside Nigeria to persuade the rest of the Paris Club to come to an agreement.

Which whole world? Who are the whole world? Mention names! Quote sources! By the whole world i am sure you are referring to yourself and your ilk?

Anybody that believes an employee of the world bank wields more influence than a president of a country needs to get quality education.

Even now as the president of the WTO Nigeria is indeed in severe need of investment, we are losing investment massively, even our oil and gas, investors are dumping their investments and taking off, what can she do about it? What has she done about it?

Again under Goodluck, why didn't she do same? Okonjo iweala may have been a good employee of the world bank but she had zero influence on heads of states of the most developed countries of the world.
.i am not even sure if she would have been able to place a call through to the United states president as at that time? I am sure even if she tried the president would have asked "Okonjo what?"

huptin:


Which whole world? Who are the whole world? Mention names! Quote sources! By the whole world i am sure you are referring to yourself and your ilk?

Anybody that believes an employee of the world bank wields more influence than a president of a country needs to get quality education.

Even now as the president of the WTO Nigeria is indeed in severe need of investment, we are losing investment massively, even our oil and gas, investors are dumping their investments and taking off, what can she do about it? What has she done about it?

Again under Goodluck, why didn't she do same? Okonjo iweala may have been a good employee of the world bank but she had Zero influence on heads of states of the most developed countries of the world.
.i am not even sure if she would have been able to place a call through to the United states president as at that time? I am sure even if she tried the president would have asked "Okonjo what?"

You have only expressed your level of undiluted ignorance by saying she had Zero influence on heads of states. For your information, She had been working at the WORLD bank in Washington DC. As managing director, she had oversight responsibility for the World Bank’s $81 billion operational portfolio in Africa, South Asia, Europe, and Central Asia. Okonjo-Iweala spearheaded several World Bank initiatives to assist low-income countries during the 2008–2009 food crises and later during the financial crisis. In 2010, she was the chair person of the IDA replenishment, the World Bank’s successful drive to raise $49.3 billion in grants and low-interest credit for the poorest countries in the world.
Why would she do the same? How does that sounds in your ear? SMH. Why didn’t Johnathan do the same? Was he not an Obasanjo boy, was it not Obasanjo who made him what he was?
Iweala cleared Nigeria’s debt, phone calls do not, let me remind you that she had been meeting with world leaders before her Obasanj’s appointment. Or have you forgotten she is a Washington DC fellow?
Why didn’t Obasanjo clear Nigeria’s debt before he appointed her, or why didn't he clear it during his Military regime. He was just a retired Old Soldier, She was a Harvard trained economist, who persuaded the lamely educated soldiers to hold meetings with world leaders. Get your points accurately!

hamouston91:



You have only expressed your level of undiluted ignorance by saying she had Zero influence on heads of states. For your information, She had been working at the WORLD bank in Washington DC. As managing director, she had oversight responsibility for the World Bank’s $81 billion operational portfolio in Africa, South Asia, Europe, and Central Asia. Okonjo-Iweala spearheaded several World Bank initiatives to assist low-income countries during the 2008–2009 food crises and later during the financial crisis. In 2010, she was the chair person of the IDA replenishment, the World Bank’s successful drive to raise $49.3 billion in grants and low-interest credit for the poorest countries in the world.
Why would she do the same? How does that sounds in your ear? SMH. Why didn’t Johnathan do the same? Was he not an Obasanjo boy, was it not Obasanjo who made him what he was?
Iweala cleared Nigeria’s debt, phone calls do not, let me remind you that she had been meeting with world leaders before her Obasanj’s appointment. Or have you forgotten she is a Washington DC fellow?
Why didn’t Obasanjo clear Nigeria’s debt before he appointed her, or why didn't he clear it during his Military regime. He was just a retired Old Soldier, She was a Harvard trained economist, who persuaded the lamely educated soldiers to hold meetings with world leaders. Get your points accurately!

Very very funny, please this infantile banter is leading to no where! How many employees does the world bank have? How many of them have been able to wield any influence on presidents?

Okonjo Iweala must be a super employee with magical powers to be capable of influence world leader's decisions.

Oya now, let her influence investments to Nigeria now, shebi the country is begging for it and she is the president of WTO, let her use her magic to bring in just one fortune 500 company to Nigeria. Ordinary twitter she can't even influence, it is now debt forgiveness that she will influence, oga i like you, you live a life full of fantasies, where a world bank employee will call the president of the United states to influence his decision, and a minister of finance will be responsible for debt forgiveness for a while nation.

Ignorance is indeed bliss...keep enjoying it!

huptin:


Very very funny, please this infantile banter is leading to no where! How many employees does the world bank have? How many of them have been able to wield any influence on presidents?

Okonjo Iweala must be a super employee with magical powers to be capable of influence world leader's decisions.

Oya now, let her influence investments to Nigeria now, shebi the country is begging for it and she is the president of WTO, let her use her magic to bring in just one fortune 500 company to Nigeria. Ordinary twitter she can't even influence, it is now debt forgiveness that she will influence, oga i like you, you live a life full of fantasies, where a world bank employee will call the president of the United states to influence his decision, and a minister of finance will be responsible for debt forgiveness for a while nation.

Ignorance is indeed bliss...keep enjoying it!

Do you skip read! stop the display of ignorance didn’t you read that she persuaded the retired Old Soldier to hold meeting with world leaders? Anyway, I have come to realize that your opinion is only a result of tribalistic hatred for a certain tribe, I won't spend time giving you so much attention on this thread. You live in a world of your own imagination and your imagination is contrary to the real wold happenings. I wish you more years in advance as you continue licking the black butt of your retired Messiah whom was responsible for Military coups and many of the Chaos of the past which still haunt Nigeria down to this day.
God bless the Harvard and MIT scholar and Economist who got Nigeria out of our debt crisis. Yet, lapdogs like you argue in favour of a semi literate, retired gun wielding maniac, who cannot even explain the concept of micro economics, but "cleared Nigeria's debt". Please stop the hate, and stop the tribalism. For the fact that i'm a Yoruba doesn’t mean I should avert the truth, and trust me, You are also a Yoruba. Please behave your self on my thread!

hamouston91:


Do you skip read! stop the display of ignorance didn’t you read that she persuaded the retired Old Soldier to hold meeting with world leaders? Anyway, I have come to realize that your opinion is only a result of tribalistic hatred for a certain tribe, I won't spend time giving you so much attention on this thread. You live in a world of your own imagination and your imagination is contrary to the real wold happenings. I wish you more years in advance as you continue licking the black butt of your retired Messiah whom was responsible for Military coups and many of the Chaos of the past which still haunt Nigeria down to this day.
God bless the Harvard and MIT scholar and Economist who got Nigeria out of our debt crisis. Yet, lapdogs like you argue in favour of a semi literate, retired gun wielding maniac, who cannot even explain the concept of micro economics, but "cleared Nigeria's debt". Please stop the hate, and stop the tribalism. For the fact that i'm a Yoruba doesn’t mean I should avert the truth, and trust me, You are also a Yoruba. Please behave your self on my thread!

I know you love your tribal person, which is not a bad thing. But elevating her global influence and popularity beyond the realistic threshold is simple fantasy.

You aren't sure am Yoruba but you already felt whatever i wrote was due to tribalism, i don't engage in revisionism to advance my tribal sentiments.

The truth is: you may call Buhari anything o, but today he has more influence in global matters than Okonjo Iweala, your goddess.

Okonjo is simply an employee, she can never be more influential than her employers, if Buhari is sagacious he stands a billion times better chance than Okonjo Iweala to attract investment into Nigeria.

No serious investor will bring a kobo into any country based on the advice or persuasion of a WTO president, he will need the assurance of the government, the real decision makers!

So how would an ordinary employee of world bank not even the MD at that time wield so much influence as to cancel the debt of a whole nation, in your dreams try to knock yourself awake atimes.

As for Obasanjo, like him o, hate him o, he is one of the most reputable African leaders ever! His international influence and connections are world renowned.

If you think harvard certificates confer any international influence on some one, does Joe Biden have one? What about Putin?, Mandela? Macron? Etc.

Even in your wildest dreams never elevate the influence of an employee above the head of a sovereign nation, the largest black nation on earth!

It doesn't make any sense to sane people!

huptin:


I know you love your tribal person, which is not a bad thing. But elevating her global influence and popularity beyond the realistic threshold is simple fantasy.

You aren't sure am Yoruba but you already felt whatever i wrote was due to tribalism, i don't engage in revisionism to advance my tribal sentiments.

The truth is: you may call Buhari anything o, but today he has more influence in global matters than Okonjo Iweala, your goddess.

Okonjo is simply an employee, she can never be more influential than her employers, if Buhari is sagacious he stands a billion times better chance than Okonjo Iweala to attract investment into Nigeria.

No serious investor will bring a kobo into any country based on the advice or persuasion of a WTO president, he will need the assurance of the government, the real decision makers!

So how would an ordinary employee of world bank not even the MD at that time wield so much influence as to cancel the debt of a whole nation, in your dreams try to knock yourself awake atimes.

As for Obasanjo, like him o, hate him o, he is one of the most reputable African leaders ever! His international influence and connections are world renowned.

If you think harvard certificates confer any international influence on some one, does Joe Biden have one? What about Putin?, Mandela? Macron? Etc.

Even in your wildest dreams never elevate the influence of an employee above the head of a sovereign nation, the largest black nation on earth!

It doesn't make any sense to sane people!

Your comment on tribal person expresses your tribalistic nature. I’m not an igbo, I’m a Yoruba who stands for the truth, Your points are as clueless as you are, Biden, Mandela, Macron are all college graduate, stop being a lover of falsehood.

hamouston91:



Your comment on tribal person expresses your tribalistic nature. I’m not an igbo, I’m a Yoruba who stands for the truth, Your points are as clueless as you are, Biden, Mandela, Macron are all college graduate, stop being a lover of falsehood.

So Obasanjo isn't a graduate, is that an admitance of ignorance or just an attempt to denigrate Nigerian owned institutions? Because i know he graduated from Yaba College of Tech as well as National Open University?

By the way you are igbo and not Yoruba, no need to deny your tribe, i don't have a problem with you eulogizing people of your tribe, just stop revising history to favour a fantasia induced but false narrative!

Some people believe everything they see on social media, they may believe your assertion at the expense of their career growth or educational success!

huptin:


So Obasanjo isn't a graduate, is that an admitance of ignorance or just an attempt to denigrate Nigerian owned institutions? Because i know he graduated from Yaba College of Tech as well as National Open University?

By the way you are igbo and not Yoruba, no need to deny your tribe, i don't have a problem with you eulogizing people of your tribe, just stop revising history to favour a fantasia induced but false narrative!

Some people believe everything they see on social media, they may believe your assertion at the expense of their career growth or educational success!

You are a bloody tribal bigot by forcing another man's tribe on me, I'm a Yoruba and you can't change that. I speak the truth rather butt lick an ex Old Soldier. Fucking tribalist Aboki! You are not a Yoruba by way you are just a confused die hard idiot. Keeping on swimming in your pool of tribal hatred and Igbophobia. werey rada rada. I’ve gotten no time for low life Monkeys like you who think every one who speaks the truth is an igbo. Tribal trash like you.

hamouston91:


You are a bloody tribal bigot by forcing another man's tribe on me, I'm a Yoruba and you can't change that. I speak the truth rather butt lick an ex Old Soldier. Fucking tribalist Aboki! You are not a Yoruba by way you are just a confused die hard idiot. Keeping on swimming in your pool of tribal hatred and Igbophobia. werey rada rada. I’ve gotten no time for low life Monkeys like you who think every one who speaks the truth is an igbo. Tribal trash like you.

I always knew i was responding to raving insane dim wit. No surprises here. You were obviously poorly bred and really require urgent rehabilitation.

People like you with a faulty background based on cheap education and zero exposure come to social media to post falsehood based on unverified tribal biases and expect everyone to swallow the bait.

If you meet someone who stands Up to you, you revert back to your sub human, gutter character gotten from the worst of ghetto breeding. Thanks to cheap data. Investing in education will do your type a lot of good! Its never too late, you can still attend adult lessons.

As for being a northerner, nothing wrong with that! Northerners are good human beings who have proven to be more sagacious and enterprising than your type, if you were from the north, you wouldn't need to create stupid narratives to over blow the ego of your tribe, you would at least be able to point to several leaders from your region who have excelled in leadership! Jobless idiotic bigot!

huptin:


I always knew i was responding to raving insane dim wit. No surprises here. You were obviously poorly bred and really require urgent rehabilitation.

People like you with a faulty background based on cheap education and zero exposure come to social media to post falsehood based on unverified tribal biases and expect everyone to swallow the bait.

If you meet someone who stands Up to you, you revert back to your sub human, gutter character gotten from the worst of ghetto breeding. Thanks to cheap data. Investing in education will do your type a lot of good! Its never too late, you can still attend adult lessons.

As for being a northerner, nothing wrong with that! Northerners are good human beings who have proven to be more sagacious and enterprising than your type, if you were from the north, you wouldn't need to create stupid narratives to over blow the ego of your tribe, you would at least be able to point to several leaders from your region who have excelled in leadership! Jobless idiotic bigot!

All the rubbish you typed tells the kind of a person you are, a brain dead idiot. You have no idea about the weightiness of your idiocy. Bloody fool!