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Nairaland Forum / Nairaland / General / Politics / Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister (5334 Views)
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Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by dayokanu(m): 12:14am On Jul 10, 2011 |
DUH, Who wont do the same, when Federal govt pays her more than any IMF |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by samguru(m): 12:41am On Jul 10, 2011 |
Whats the noise about?she worked with obasanjo and no improvement witnessed in the economy all we used to hear was persuasive and indictive messages.for God sake when are we going to be delivered from these people recycling themselves? By the way her appointment @ WB was the handywork of obasanjo because of his diplomacy. Posters.is it a taboo jonathan place the ministerial vacancies in newspapers? God will deliver us! |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by hispy99(m): 12:44am On Jul 10, 2011 |
samguru: How do you know, where you there? Did she not work at the World Bank before she served under OBJ? That was the handywork of OBJ too? |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by hispy99(m): 12:46am On Jul 10, 2011 |
Sun of god: Really? Why doesn't she do it for free then? In fact, all public servants should work for free. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by Nobody: 1:32am On Jul 10, 2011 |
samguru: why not sue INEC for not advertising the position of the president of Nigeria in the dailies. you really need a copy of the constituition |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by umechuma: 3:08am On Jul 10, 2011 |
I doubt if she will successed because the National Assembly and Governors will frustrated any reasonable reform she may want to introduce.Nigeria is a doomed country and not worth dying for. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by Chyz2: 3:21am On Jul 10, 2011 |
The Guardian learnt that contrary to some belief that she would be coming “to take over power” from the CBN governor, Sanusi Lamido Sanusi, Okonjo-Iweala is expected to strengthen relationship with the CBN leadership in a way that will benefit the economy. Sanusi is sweating and peeing his pants right now. . . .Either you introduce non-interest banking or you don't introduce any form of it at all. Islamic banking is not the only form of non-interest banking so why is there no introduction of there other forms of it if it really is about the economy? This is the first question Aunty Ngozi will ask . Obviously he is being sectional. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by Gbenge77(m): 9:58am On Jul 10, 2011 |
All the best. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by BOMANY: 12:00pm On Jul 10, 2011 |
deadie: Look in the mirror |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by BOMANY: 12:04pm On Jul 10, 2011 |
[size=14pt]At last something we can celebrate and give us hope. During OBJ tenure, everything was messy till Dr. Iwela took over the financing and economist planning. I believe she can do much for Nigeria [/size] |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by cap28: 12:44pm On Jul 10, 2011 |
I can't understand why our people are so dumb - what has this woman ever done for nigeria? is asking to be paid a gargantuan salary in dollars doing a service to nigeria? is handing over nigeria's foreign reserves to a group of foreign predators a good service? is failing to defend the economic interests of your own people providing a good service? This is why Buhari rejected this woman as a running mate because he knows she is a traitor, sell out and WORLD BANK PUPPET AND STOOGE - when are our people going to stop allowing western nations dictate our economic policies using sellouts like this woman and learn to stand on our own two feet for god's sake? Nobody respects a fool, nobody respects someone with inferiority complex - and these are the two traits that majority of nigerian leaders and sycophant followers suffer from - STOP ALLOWING THE WORLD BANK AND THE IMF TO COME INTO NIGERIA AND MAKE OFF WITH OUR VALUABLE PUBLIC ASSETS AND NATURAL RESOURCES USING THE COVER OF FDI (foreign direct investment) AND ECONOMIC REFORMS - JEEZ!!!! |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by Blakjewelry(m): 1:17pm On Jul 10, 2011 |
All you haters of naija and haters of anything good about naija, i wish death to you all. I wish your fathers used condom the night all your mothers conceived all of una. I mean just because you guys are unpatiotic to your country does not mean everybody should not be. Back to the topic, i pray her appointment and that of others should bring the desire change we all crave for. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by cap28: 1:22pm On Jul 10, 2011 |
DUMB ID.IOTS WHO HAVE REFUSED TO OPEN THEIR EYES AND UNDERSTAND THE MISSION OF THIS TERRIBLE WOMAN WILL SOON WAKE UP WHEN THE AUSTERITY MEASURES THAT SHE IS ABOUT TO BRING WILL START BITING THEM - IGNORANCE AND STUPI.IDITY IS WHAT IS PLAGUING MANY NIGERIANS, did you see the people of Greece rejoicing when IMF took over their economy? but this traitor has agreed to sell the birth right of future generations to come to her bosses over at the world bank and IMF and some fools are rejoicing like the imbeciles that they are - may god punish all of you id.iots and may the coming austerity measures continue to reduce you to slaves in your own fatherland. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by cap28: 1:37pm On Jul 10, 2011 |
The return of the economic hit woman blog | July 6, 2011 - 2:01am | By CIC Old Boy [b]In “Confessions of an Economic Hit Man” John Perkins states: “Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S. Agency for International Development (USAID), and other foreign “aid” organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet’s natural resources. Their tools include fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.” If media reports from Nigeria are to be believed, the return of Ngozi Okonjo-Iweala from her position as Managing Director at the World Bank to head the finance ministry is all but a done deal. My less than scientific look at the opinions of the commentariat indicates they welcome her return to the position she held under the Olusegun Obasanjo Administration. This viewpoint is evidence in support of what Yusufu Bala Usman, the late professor of history at Ahmadu Bello University said: “Ignorance is not the same as illiteracy. Knowledge is not the same as literacy, or, even the same as the acquisition of educational certificates, or, academic ranks. Some of the most highly literate Nigerians, and the most highly educated, by virtue of their certificates and ranks, are some of the most ignorant over many crucial areas of natural and human existence and over our national life, like our geography, history, economy and politics.” This ignorance among many literate Nigerians explains why the thought of Okonjo-Iweala heading Nigeria’s finance ministry doesn’t fill that many people with dread. They are clearly unaware of the agenda of Okonjo-Iweala’s paymasters at the World Bank. Carlos Andres Perez, a former president of Venezuela, described World Bank economists as “genocide workers in the pay of economic totalitarianism”. John Pilger wrote in the book “Hidden Agendas”: “The privileges of ‘discovery’ granted to Christopher Columbus in 1942, in a world the Pope ‘considered his property to be disposed according to his will’, have been replaced by other acts of piracy transformed into divine will. [b]The World Bank, the International Monetary Fund and other ‘international’ institutions are invested with the privileges of conquest on behalf of the papacy of Washington. The objective is what Clinton calls the ‘integration of countries into the global free market community’, the terms of which, says the New York Times, ‘require the United States to be involved in the plumbing and wiring of nations’ internal affairs more deeply than ever before’. In other words a de facto world government.” Pilger quotes Frederic F Clairmont in the “The Rise and Fall of Economic Liberalism”: “What the US imperial master demanded, and still does was not allies but unctuous client states”. He described how this agenda was implemented through World Bank and IMF loans provided in return for ‘structural adjustment’ of the client states’ economies. “This meant that the economic direction of each country would be planned, monitored and controlled in Washington. Industry would be deregulated and sold off; public services such as health care and education, would be diminished. Subsistence agriculture, which has kept human beings alive for thousands of years, would be converted to the production of foreign exchange-earning cash crops. ‘Tax holidays’ and other ‘incentives’, such as sweated labour, would be offered to foreign ‘investors’. It was the surrender of sovereignty, and without a gunboat in sight.” During her first stint as finance minister, Okonjo-Iweala and her “fans” in the Nigerian media claimed she negotiated for our foreign debts to have been written off. The agreement with the “Paris Club” countries, including the US, the UK, Germany, France, etc involved Nigeria paying $12.4bn in upfront payments in order for the debt arrears of $30bn to be cancelled. Rob Weissman of Multinational Monitor disapproved of the deal: “You can celebrate this deal, as the Paris Club does, if you ignore the fact that creditors generally write down bad debts as a matter of course (not charity), the billions over principal that Nigeria has already sent out of the country, the fact that the deal imposes IMF conditionality on Nigeria (even though the IMF isn’t providing credit to the country), and the reality of the severe poverty in Nigeria.” Patrick Bond in his book “Looting Africa” said Nigeria was “scammed” on the debt deal. “The next step in the scam was for President Obasanjo to agree to a reimposition of neoliberal policies by the IMF, under the rubric of the new Policy Support Instrument (PSI).” He further claimed that: “Indeed, the core message of the PSI document released by the IMF is its desire to retain effective control of African countries’ macroeconomic policies on behalf of ‘donor’ countries (its shareholders)”. Okonjo-Iweala and Obasanjo willingly signed over Nigeria’s sovereignty to “donor countries” along with a sweetener cheque for $12bn and claimed it was all for our own good! Ever since the mid 80s, most African countries have been following the genocidal economic policies of “structural adjustment” that the likes of Okonjo-Iweala and her bosses at the World Bank prescribe. It is usually a four-step programme: 1. Privatisation. Prof Joseph Stiglitz a former chief economist at the World Bank called it “briberisation”. I tend to call it “piratisation”. In Russia state assets were stripped for a pittance by US-backed oligarchs who made out like bandits, national output fell by half and mass starvation returned to the country after a 40-year absence. This experience has been repeated across the world. 2. “Capital market liberalisation” – the theory says this will allow investment from foreign banks and multinationals. They insist laws restricting the movement of capital out of the country or taxes foreign capital are relaxed. Most countries that took the bait saw their reserves vanish in no time. Africa is estimated to lose about $150bn a year in tax avoidance by the multinationals operating in the continent. 3. “Market-based pricing” – this is the raising of prices of domestic fuel, water, electricity, etc which in turn puts food beyond the reach of most. This is the catalyst for driving more folks below the poverty line. 4. The stage is now set for “Poverty Reduction Strategies”. The claim is that “free trade” will eliminate poverty. “Open markets” is the mantra. In reality, Europe and America kick down trade barriers in the Third World, while they build up barriers in their own markets to Third World produce. This World Bank-inspired agenda was packaged by the Obasanjo regime as “reforms”. In reality they deformed the country. Wherever they were implemented in the developing world the results were predictable, with mass poverty spreading. A few weeks ago I saw Okonjo-Iweala parroting the same orthodoxy at a conference on African development. Benjamin Franklin said: “The definition of insanity is doing the same thing over and over and expecting different results.” More of Okonjo-Iweala’s neo-liberal economic orthodoxy cooked up in Washington will further entrench poverty in Nigeria. But there is little hope that Nigerians will learn the bitter truth about the World Bank’s bitter medicine. Sadly, many of us are shackled by what Walter Rodney described as “colonial education”, which is an “education for underdevelopment” in which the “received wisdom” from Europe and America is upheld as gospel in stubborn defiance to reality. This means that the Hit Woman sent by those who contributed towards guaranteeing our underdevelopment, on a mission to destroy any chances we may have of developing, is held up by many as a solution. It’s no wonder that Steve Biko said: “The most potent weapon in the hands of the oppressor is the mind of the oppressed.”[/b] dummies, welcome to your new live of enslavement brought to you by Okonjo Iweala and her bosses live and direct at the world bank - enjoy your coming enslavement and poverty , fools!! http://dailytimes.com.ng/blog/return-economic-hit-woman |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by Nobody: 1:47pm On Jul 10, 2011 |
World Bank?! IMF?! Forgive me for being cynical, but by the time Jona's term is over, my grandpa's little farm in the hinterland of awori may also belong to the powers that be, along with the rest of Nigeria of course |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by obowunmi(m): 1:53pm On Jul 10, 2011 |
Wow -- who wrote the above. Some deep sheeet. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by otokx(m): 2:55pm On Jul 10, 2011 |
Did she not "resign" the other time yet she went back? Do not be deceived; she will go back yet again. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by Chyz2: 3:48pm On Jul 10, 2011 |
otokx: She never "resigned" from the Ministry of Finance. She was demoted by OBJ for "disobedience" to Foreign Ministry where she resigned two months or so later. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by omolayo1(m): 3:49pm On Jul 10, 2011 |
Who will not do it, it is easier to steal money from Nigeria than the whole world himself, not to think of world bank, lol,if she has been stealing $1M from world bank monthly before, it will increase to $5M in Nigeria monthly, Believe meu said it all meanwhile if she can prove this perception wrong! |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by executinal(m): 3:54pm On Jul 10, 2011 |
born2fuck: You are nothing but born to Bleep |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by executinal(m): 4:16pm On Jul 10, 2011 |
cap28:Your writer and your generations, are set of fools you mentioned. Always want to accept every report from white mans end. This is nothing but complete waste of time from you and your resist white man that never dream any good about Nigeria. We will get there, leave us and remain your slave in UK. why don't you hire the fool to head the finance minister in Nigeria. You are dump open your eyes and see that white are big enemy to our progress. Once Nigeria chose vibrant person that can withstand the whites, they look for various alternative to tarnish their image. Did she lobby for the position?, Did he see that President Jonathan is very weak to lead Nigeria, while can't he make some report about him?? If you and your senior brother like it or not Ngozi is Nigeria finance minister for now. Who on earth is saint are you saint even if you happen to be in that position you will do worst than her. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by cap28: 4:34pm On Jul 10, 2011 |
executinal: just listen to the crap thats coming out of your mouth, who told you the writer of that article is a white man, the guy who wrote that article is a nigerian. I can tell you that there are hundreds of intelligent economists in nigeria who are much more capable than this sellout who has done nothing for nigeria. Instead of keeping an open mind to the truth you come on here talking crap about a woman whose economic policies you dont even understand. explain just one good thing that this woman did for the nigerian economy - just one thing. People liek you are only good at following sheepishly, just wait, i think the first blow will be the removal of fuel subsidies followed by currency devaluation - that is when the scales will finally fall from your eyes - bunch of id.iots. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by Nobody: 5:37pm On Jul 10, 2011 |
cap28: Some people are already pushing for the fuel subsidy to be removed (read an interview of Rotimi Amaechi earlier today arguing in favour of it), but naira devaluation will almost be impossible (i hope so at least). IMF recommended it recently and Sanusi told them to shove it. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by cap28: 5:53pm On Jul 10, 2011 |
naijababe: have you got the link of the rotimi amaechi interview? You're right Sanusi did tell the IMF to get lost but im now beginning to wonder how long he will be allowed to remain in his post, especially now that Okonjo Iweala is about to take up her appointment. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by Nobody: 6:15pm On Jul 10, 2011 |
http://www.tellng.com/index.php?option=com_k2&view=item&id=385:why-government-is-bloated-%E2%80%93-rotimi-amaechi |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by NAJALYN: 6:33pm On Jul 10, 2011 |
That is a step in the right direction by Government. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by NAJALYN: 6:33pm On Jul 10, 2011 |
That is a step in the right direction by Government. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by NAJALYN: 6:34pm On Jul 10, 2011 |
That is a step in the right direction by Government. |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by enyojo(f): 6:55pm On Jul 10, 2011 |
[size=14pt]Why Jonathan’s Govt May Revolve Around Okonjo-Iweala[/size] SOURCE: GUARDIAN TODAY http://www.ngrguardiannews.com/index.php?option=com_content&view=article&id=53953:why-jonathans-govt-may-revolve-around-okonjo-iweala&catid=1:national&Itemid=559 |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by MMM2(m): 8:09pm On Jul 10, 2011 |
Good 4 her |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by otokx(m): 10:09pm On Jul 10, 2011 |
@chyz dunno how u came by ur interpretation of what i posted. OKONJO resigned from WB & came to 9ja during OBJ's tenure yet she went back after 2 d same WB so what is the poster clapping for? |
Re: Ngozi Okonjo-Iweala Quits World Bank To Be Finance Minister by SUV(f): 12:47pm On Jul 11, 2011 |
Who will not do it, it is easier to steal money from Nigeria than the whole world himself, not to think of world bank, lol,if she has been stealing $1M from world bank monthly before, it will increase to $5M in Nigeria monthly, Believe me see ur life? Not everybody debases themselves to use their career to steal funds like most political office holders in Nigeria today just as not everyone is ill-minded and r.e.t.a.r.d.e.d to have a s.t.u.p.i.d profile name such as yours in forum sites like Nairaland thank u! i was about to reply when i saw your response to the i.d.i.o.t! |
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