₦airaland Forum

Adegbodolu1:
[b][size=15pt]"What worries me is that this government is the first in our history to attempt to manipulate our national statistics under Okonjo-Iweala. When NBS published the poverty figures in 2011, she felt indicted and incensed. She called upon the World Bank to come and examine the ‘methodology’ and get NBS to ‘review’ its numbers. Oby Ezekwesili (as VP Africa Region rejected the call to try to tamper with a country’s statistics). Once Oby left, the ‘World Bank’ started talking about ‘new figures’, without conducting any new surveys. I was told about it by a World Bank economist, and I cautioned that it was a dangerous gamble that would damage the credibility of the NBS. If you want to ‘review methodology’, you conduct another survey but you can’t change ‘methodology’ because you don’t like the published figures. No government in our history has tried it: even Sani Abacha allowed a poverty survey that put poverty at 67% under his regime. At this rate, who will believe statistics coming from the Nigerian government again? Is it now the World Bank that sits in Washington and allocates poverty numbers to Nigeria? Something smells here!"[/size][/b]

[size=18pt]Biggest economy in Africa based on forged "Iweala" methodology.[/size]

aresa:
This is one of the many reasons why this administration can not in any way change or do anything meaningful for this country or move us forward.

Instead of sitting down to correct their errors or mistakes, they blame and crucify well intentioned critics, they engage in fraudulent activities,deception and mess with figures.

yd849ja:
This Madam has spent how many years as our finance minister? So I thereby lay the blame of all the financial problems of the country solely at her feet. This very paragraph irk me the most,

[b]"What worries me is that this government is the first in our history to attempt to manipulate our national statistics under Okonjo-Iweala. When NBS published the poverty figures in 2011, she felt indicted and incensed. She called upon the World Bank to come and examine the ‘methodology’ and get NBS to ‘review’ its numbers. Oby Ezekwesili (as VP Africa Region rejected the call to try to tamper with a country’s statistics). Once Oby left, the ‘World Bank’ started talking about ‘new figures’, without conducting any new surveys. I was told about it by a World Bank economist, and I cautioned that it was a dangerous gamble that would damage the credibility of the NBS. If you want to ‘review methodology’, you conduct another survey but you can’t change ‘methodology’ because you don’t like the published figures. No government in our history has tried it: even Sani Abacha allowed a poverty survey that put poverty at 67% under his regime. At this rate, who will believe statistics coming from the Nigerian government again? Is it now the World Bank that sits in Washington and allocates poverty numbers to Nigeria? Something smells here!"[/b]

This seals my doubt of the bogus claim of Nigeria been the largest economy in Africa without having any direct positive impact on the livelihood of an average Nigerian.

nwafuluozoh:
Pain me keh? We know all the antics of APC. Soludo's sudden interest in our economy at this point in time, smirks of irresponsibility and the rantings of a hired hand whose sole aim is to discredit the present administration.

oduastates:
World bank clerk is more appropriate to describe Iweala.
However, it does not matter for the drunk in power.
The higher the level of cluelessness, the better.
Where Obasanjo got these folks, I do not know.
But after much studies , I have come to believe that there are 2 obasanjo.
There is one obasanjo who is normal for 15 hours per day and who gravitates towards intelligence and brilliance.
There is the crazy obasanjo who gravitates towards madness ,stupidity and crudity.

Kimoni:
Unfortunately, under Jonathan, politicians will not just let Ngozi perform unlike during the Obasanjo era when she was fully protected and given a free hand. Jona is so lily-livered!

Like Pat Utomi said, technocrats have to learn how to resign if they are not making any headway in that government. The resignation itself could trigger a lot of desired changes in the way the government is run. Malaysia is a good example here.

nwaanambra1:
bro! after going thru the facts and figures tabled by the able Prof. Soludo and you still make this stupid comment, then i will completely agree with you that Nigerians are not stvpid but you are obviously very stupid and lacks proper education!

if you are so dumb not to understand what national economic indices means pls learn to use google! To buttress my point pls google Nigeria economic indices in the final quarter of 2011 and compare the figures to what is obtainable now - despite iweala's doctoring of the figures to look good on paper! - then you will agree with me that you and Ngozi Iweala needs to go back to school ASAP!

GEJ and Iweala has made nuisance of our economy! forget the doctored figures they keep posting to cover their obvious ignorance in the management of national economy!

If they continue to manage our economy, then i can guarantee you that before the end of second quarter of 2015 Nigeria will be in a deep economic quagmire of which the country may find itself in serious deficit!

byrron:
Most Nigerians are sill.y and Nigerian politicians are aware of this fact.

kmariko:
I thought that it would have been pertinent to know the methodology used in the original calculation. At least one would then evaluate whether it is still valid with situation as currently obtained in the country. Or is it so much cast in stone that it does not require changes. Most nations change their poverty index calculation to suit the times.

DonDiego:
Did you say Bisi Onasanya? The same guy at First Bank that is so clueless that the once premier commercial bank has been floundering under his watch and playing catch up to much younger banks like Zenith and GTBank? Abeg no make person laugh. Onasanya that doesnt even have professional qualification in economics or finance worthy of note? Abegi.

Boss13:
I don't think you read Soludo's write up. Please do. We do not read or take time to read in this country. Before you take sides, do your homework.

Soludo was a blessing to nigerian economy and he is still a blessing. 57,000 banking jobs were created from his consolidation policy. Please go and read.

Ymodulus:
The government has never seen herself to be wrong at any point, that is why there are usually resistance to changes and suggestions from outsider...the worse a man could do to himself is to believe that he is never wrong and can never make mistake. the blunt truth here is that Nigeria is in need of help, she need help quickly before there is a major major explosion.

NOI is now a joke. She let the Jonathan Adminstration ruin her respect.

aresa:
Maybe you need to read the whole article again and closely follow the argument then re examine your understanding before your next post...

moderatorr1:
Soludo initially thought he could step out of political appointment then just walk into politics and win...Lol
He learnt a lesson he could not have learnt any other way. All the money he made as CBN governor, salaries , bonuses etc was wasted in that election.

So now, he has to work all his life again to earn a living.
Now he is back dabbling into politics, being used as a tool.
Criticising NOI when even CNN has confirmed Nigeria's economy to be on the rise much better than whatever he did.

hedonistic:
Soludo is a disgusting, two-faced idiot. Most of the so-called achievements he reeled out and credited to the OBJ administration (including the debt repayment) were recorded under this same woman he is accusing of incompetence today. Was NOI not the Minister of Finance and the head of the economic team under OBJ? Apart from deliberately refusing to credit her for the achievements during that time, what has changed in the woman between then and now?

tit:
Soludo was in PDP for ten years!
What did he achieve?
nothing.
Instead he left Nigerians with a 16 trillion naira debt.
which was paid for by the AMCON sovereign wealth fund.

kmariko:
I thought that it would have been pertinent to know the methodology used in the original calculation. At least one would then evaluate whether it is still valid with situation as currently obtained in the country. Or is it so much cast in stone that it does not require changes. Most nations change their poverty index calculation to suit the times.

Boss13:
Soludo was brilliant. Sanusi was also good. Huge funds may lead to massive mismanagement so you need risk management to manage the risk and that was what Sanusi did. Soludo envisioned and implemented a beautiful idea. They are both very good.

ocelot2006:
Sure...care to explain why she was made not just Minister of Finance, but Minister of Finance and Coordinating Minister of the Economy? That is practically the highest post on the FED and a very FIRST in Nigeria.

yd849ja:
My friend your likes are amongst the gullible ones in our midst. 1+1 would always equal to 2 no matter what methodology you want to use in arriving at that result. China on its way to becoming the largest economy in the world is very evident for everyone to see, with manifestation of improved quality of lives of her citizens, its not just spelt out in books and manipulated statistics.

Issue of it been 'cast in stone' does not arise if you had taken time to read her grouse with the initial statistics.

hedonistic:
Soludo is a disgusting, two-faced idiot. Most of the so-called achievements he reeled out and credited to the OBJ administration (including the debt repayment) were recorded under this same woman he is accusing of incompetence today. Was NOI not the Minister of Finance and the head of the economic team under OBJ? Apart from deliberately refusing to credit her for the achievements during that time, what has changed in the woman between then and now?

Flets:
Soludo desperately in need of a job and relevance.

hedonistic:
Soludo is a disgusting, two-faced idiot. Most of the so-called achievements he reeled out and credited to the OBJ administration (including the debt repayment) were recorded under this same woman he is accusing of incompetence today. Was NOI not the Minister of Finance and the head of the economic team under OBJ? Apart from deliberately refusing to credit her for the achievements during that time, what has changed in the woman between then and now?

bigmo1:
Did ur brain go on hibernation and missed this sentence "Why were you eventually also removed from the economic management team if you were so important? Ironically, President Jonathan has recycled you, with a bigger title and greater responsibilities. But the difference is that the team that did the actual work is no longer there, and the world has seen that the king is naked."

OLUJAY4REAL:
Soludo is just seeking attention. Even if he knew some economic parameters were manipulated for the year 2011, why is he coming up now with the so-called facts? He sought to become governor under this same PDP but was rejected. He was there for years as the CBN governor and economic adviser to President OBJ, did take steps on the diversification of our economy? Some forget so soon that the debt pardon that Nigeria had in OBJ's era was not without NOI's effort. Soludo is actually a spent politician. He should face his job as a teacher.

aresa:
What you people spew here on NL is definitely beyond politics and tribalism, it's pure corrupt, crooked mentality and lack of patriotic spirit. You care less about your own country, your own people and their welfare and economic survival including even yours, your kids and unborn kids...

Very shameful and despicable I must say..

aresa:
What you people spew here on NL is definitely beyond politics and tribalism, it's pure corrupt, crooked mentality and lack of patriotic spirit. You care less about your own country, your own people and their welfare and economic survival including even yours, your kids and unborn kids...


Very shameful and despicable I must say..

acidtalk:
I have NEVER said anything on people's post or my thread that it doesn't come to pass.

I don't just speak because others are doing so. I contribute because I have FACTS on ground.

NNPC, Shell, and other privately owned oil and gas firms will all be affected. The Hurricane is real don't let anyone deceive you. It will be disastrous if Jonathan returns. Mark my word. Nigeria is in a TERRIBLE ECONOMIC STATE.

deemdeem:

I hereby challenge your attempt to blame others for not saving for the rainy day. It is not a virtue when you are quick to appropriate all the credit when things are going well, but shift the blame when they go wrong. You blame the state governors— who, according to you, have taken the Federal Government to the Supreme Court—not that a Supreme Court judgment forced your hands. For your information, the governors have never agreed to savings and always threatened court action even under Obasanjo. Why did we save under Obasanjo but not under Jonathan? Two keywords explain it: leadership and integrity. Governor Amaechi said the governors insisted on sharing the funds because they found out that you were illegally fiddling with the savings. So, as Nigerians still wonder, if billions of dollars are now ‘missing’ under your nose, why should governors trust you to keep their money? Do the states that have taken the federal government to the Supreme Court and refused to save also include the PDP governors—who are in the majority? If so, then it is fatal: even governors of your own party, PDP, do not trust you to keep their money! Furthermore, did the governors also stop the Federal Government from saving part of its share? If you ran a surplus budget at the Federal level, you would have had credibility to blame others or to say they did not listen to your advice. The key point is that since you were running huge deficits yourself, it was also in your own interest to share the ECA. You did not show leadership or credibility, full stop!

This is my best part. Absolutely no reasons not to save. Even the little they were saving, malpractices were found under her leadership.

wirinet:
Forget it, we do not have the technical, managerial and logistical (not to talk of financial) capacity to undertake and subsequently maintain such a massive projeect. All our mega projects have failed ie Ajaokuta, the 4 refineries, even kainji is badly maintained.