pluto04:
I didn't say that whatetever that mean. I said she has been on the post for 2 months which is not long enough to implement her ideas. She is not rssponsible for monitary policy. Emefiele is and he should be sacked. Kemi is not responsible for the oil crash or nigeria's mono economy. NOI had 8 years (obj and gej) to prepare us for a day such as this. NOI did not prepare us and it is very absurd to call for her return.

Indeed. The PDP is to blame is because the Party had been in power for 16 years from 1999 to 2015 yet indolently and woefully failed to diversify Nigeria's economy away from the unhealthy and dangerous dependence on oil that is now the bane of our economy. The entire world knows that all oil-dependent economies are in trouble currently. I really don't know why some Nigeria will want to pretend as if economic miracles are possible under these very difficult conditions. Nigeria has to gradually steady the ship and then move forward because many have warned us for years about our reliance on oil only for successive PDP Presidents to shun such warnings. The least any decent Nigerian can do is give Buhari and his appointees, like Kemi, a decent amount of time to clean up the mess instead of expecting abracadabra' in three months. More laughable, if you check their past post, is the fact that those attacking Buhari and Adeosun are the very same Nairalanders who blindly supported the PDP, NOI and GEJ, the cause of our economic problems, to carry on for 4 more years yet they want Adeosun sacked after 3 months in office. Below, from 2014, is one of the many thousands of articles warning us about the danger of depending on oil. What did GEJ, NOI and the PDP do about the constant and consistent warnings if not concoct lies and propaganda to deceive Nigerians?


https://www.facebook.com/PublicPolicy101/posts/245297668964829

The Art of Public Policy Analysis
6 January 2014 ·
SALVAGING A COLLAPSING MONO-ECONOMY
Nigerian economy is mono –product, depending largely on a single commodity-Oil. Other sectors of the economy have been relegated to the background, while the management of the Oil revenues has proven in-efficacious in driving the economy to achieve sustainable development due to gross corruption and overt ineptitude.
This scenario has serious negative implication on the nation’s development calculus, as after five decades of oil exploration activities; a good percentage of Nigerians still lives in abject poverty, unemployment is indeed pronounced and productivity is at its lowest ebb.
These avoidable circumstances need a quick salvage of possible economic diversification. It is revealed that considering Nigeria’s peculiar circumstances and the successes recorded before the advent of oil, there is need for diversification and Agriculture is a possible option. There is an urgent need for Nigeria to break loose from the current inherent problems which characterize her mono-economic structure largely dominated by Oil which will soon vanish. International price instability and unfavorable quota arrangement are also some of the problems apparently intrinsic in the economy.
The strategy expected of the stakeholders saddled with the decision making responsibility is a taut Agricultural Policy formulation and execution like the extant Agricultural transformation agenda of 2012

Agricultural transformation agenda is a sub-policy under the inglorious transformation agenda of President Goodluck Jonathan whose achievement is broad in the media and thin in reality. Nevertheless, it’s a noble effort toward achieving the internationally proclaimed millennium development goals which has become a sing song on how to make the giant of Africa one of the twenty best economic in the globe so that the big brother position in the comity of nation in Africa will be weighty.
The need to diversify the Nigeria’s economy begins with the United States of Africa as the largest single buyer of Nigerian Oil. The United States of America buys 40 per cent of Nigeria’s Oil. Yet Nigeria is the fifth supplier of Oil to the United States of America. If the Obama’s determination to expand drilling in Alaska becomes a reality, America’s need for foreign Oil will be drastically reduced. Besides, the relentless effort of the Americans’ and some other developed nations to come up with alternative sources of energy such as solar power and the use of ethanol to drive car is a negative development for Nigeria’s Oil market at the international milieu.
Even in the recent time, The Toyota Company has developed a car and truck that can do 51 kilometer per gallon of fuel or some of the newly invented Ford cars that consumes just a gallon of fuel in a 48-kilometer journey; the fuel consumption habit of the American is changing and the change is going towards a reduced fuel importation into America.
Need be for diversification to enhance job creation and survive the current prevailing global economic uncertainty, there are a lot of skilled and unskilled unemployed Nigerians with very limited industries to absorb them in owing to the Nigeria’s sickening economy. All this put together is enough to debunk the belief in some quarters that Oil is the beginning and the end of Nigeria’s economic prosperity and sustainability, because before 1956 Oloibiri Oilfield discovery, Nigeria has been doing well in the area of agriculture with the existence of Groundnut Pyramids in the North, Cocoa and Coffee in the West and Oil Palm in the East. This tripartite nature of the then Nigerian society brought about a healthy rivalry between and among the regions thereby fostering meaningful development. One of such remarkable developments was the building of the Obafemi Awolowo University Ile-Ife (formerly University of Ife) by the Western region from Cocoa Production whose glory was later ceded to the Federal Government, and thus became one of the conventional universities of the Federal Republic of Nigeria.
However, from an African perspective, there is no doubt that the development of Agriculture in the nation is intricately linked to the general economic prosperity. In other words, it’s futile to attempt to achieve overall economic development without first addressing the food security problem:
Direct government involvement in the business of agriculture, like what Aliyu Tanko from the BBC Hausa says that the Honorable Minister of Agriculture Dr Akinwumi Adesina has introduced a more transparency approach into the supply and distribution of fertilizer which has previously been marred by massive corruption.
Adesina’s intention to make many millionaires from Agriculture and the plan to make available storage (silos) facilities in every state headquarters across the country to increase domestic food supply by 20 million MT by 2015 is a promising and possible ambition.
The extant FADAMA project should be properly funded, monitored and supervised in such that money gets down to the expected quarters and siphoning or misallocation could be prevented to impact positively on the per capital income and food production in the economy.
The Nigerian government should start using the proceeds accrued from the fuel subsidy to invest heavily on Agricultural production and to create jobs in order to provide everlasting palliative measures to the harsh effect of Oil subsidy removal and ensure a viable food security mechanism.

id911:
Mrs Adeosun must be removed or redeployed to another ministry for the good of our economy. She does not understand the direction of our economic projectile.

I wonder what the President is still waiting for

The president and Emefieleemust 1st be redeployed.

Buhari's statist policies which he introduced through the CBN are the root of JP Morgans deindexing Nigeria and the dollar scarcity. Staunch Buharist such as Soludo and Sanusi have condemned them

Biafrarep:
I have been saying this right from the beginning, that woman is incompetent & should be redeployed asap. It is crazy that people like Charles Soludo & Pat Utomi are there yet we are managing a rookie who is as confused as the rest us!

unfortunately we live In a country were politics is by God fatherism and not by merit.
so likes of soludo and utomi don't have such.
TINUBU has got to fulfill a personal interest whether we swim or sink

Mmadu111:
you sincerely lack Complete sense; like seriously, you need to borrow some sense to make up that thing you got up there.. ... We're talking about the situation at hand and all you could do is to dust up dead stench.... The economy is on the fast train to misery, get it clear into your head.

A misery faciliated by the daft policies of your genius NOI. Unfortunately, such crisis do not go away overnight. It took the democrats years to pull the US economy from the brink of collapse occasioned by the republicans. Kemi and Mr president aren't magicians, in fact, I expect things to be lot tougher now that the oil revenue has totally crashed.





Honestly, I really don't know if you guys have short memory or you just like to play the ostrich. If your hero GEJ and super-genius NOI struggled to pay salary (with several states owing several months in arrears) with oil prices above $70, I consider it an act of deception to blame an equally struggling Buhari and Kemi with oil price at $28.

Another jobless group, is she the one causing dollar to rise and oil price to fall. We never clean Okonjo mess and start calling for another, though Okonja is brilliant but lacks integrity which failed Nigeria.

lookandlaff:


explain yourself since you are so knowledgeable

If the country works well it's for the good of us all. One begins to wonder if you don't see that the economy is going down south and no firm policies, no direction, not even pronouncements from the fiscal manager to boost confidence and give reassurance.

There's little or no confidence in the present economic management team lead by the Finance Minister

azzima:
Some Nigerians are just plain silly. Can someone tell us where how GLOBALLY renowned and esteemed Madam Puff Puff take us?where billions are being siphoned like nothing under her watch while crude oil was $100 a barrel? Same goes to the fools shouting that a seventy something years old man is too old to rule us. Can someone remind me where our younger Mr PHD took us ?ethnic sentiments have blinded our reasonings indeed.

under madam puff puff we had the largest economy in Africa
we had debt relief

irondome:


A misery faciliated by the daft policies of your genius NOI. Unfortunately, such crisis do not go away overnight. It took the democrats years to pull the US economy from the brink of collapse occasioned by the republicans. Kemi and Mr president aren't magicians, in fact, I expect things to be lot tougher now that the oil revenue has totally crashed.


Honestly, I really don't know if you guys have short memory or you just like to play the ostrich. If your hero GEJ and super-genius NOI struggled to pay salary (with several states owing several months in arrears) with oil prices above $70, I consider it an act of deception to blame an equally struggling Buhari and Kemi with oil price at $28.

Don't mind them. It took their hero (GEJ) and the puff-puff cheek NOI FIVE good years to ruin this economy to this level and they want adeosun to clean their mess in 3 months.
hypocrites.

emamos:
.
http://dailyindependentnig.com/2016/01/economy-downturn-redeploy-adeosun-finance-ministry-group-tells-buhari/

God bless this group. I recently told a friend that ogun is not nigeria.it is just a state in nigeria.Adeosun cannot stand the president especially where she might know the truth but the president wants to have his way.please adeosun is not the only person, there are many of them in that cabinet that need to go home and rest.redeployment is not the answer.home is the best destination for all the non performers.
I respect pdp despite all the hatred. Iweala, adesina, otteh etc.my prayer point is for God to fast track the coming years and miraculously launch nigeria into 2019.Visiting nigeria from time to time is the best option to reduce anger at the way things are going

omowolewa:
She has to be redeployed just because you don't like her face?

Is she the one that made oil price low, Is she the one that made $ to gain weight against the naira, Is she the one that told our past leader not to invest when we got everything we needed to, Is she the one who told Dasuki to steal our borrowed money, Is she the one that brought economic downturn ni?

Group, go on break.

A lot of the fault lies at Buhari's door. He introduced the dollar restrictions that aree hammering the economy badly which Soludo and Sanusi condemned.

Adeosun's main fault is that she is invisible. A finance minister i the most ubiquitous minister..They have a very powerful presence.

Look at NOI. She had a commanding presence. Adeoosun has said nothing to boost confidence in the naira or the economy. That is inexcusable.

Even look at the CBN governors how visible they are. Soludo and Sanusi were always in the news making statements.

adconline:

For the simple fact the she failed to successfully prepare a national budget even with GEJ and OBJ budget expos...

She or the ministry of finance is not the one that prepares budget. Budget Office does that. Ministry of National Planning is also involved.

pharmagba:

What exact are you expecting her to do elaborate so I can believe you are an objective critic.

she could not edit budget

grandstar:


The president and Emefieleemust 1st be redeployed.

Buhari's statist policies which he introduced through the CBN are the root of JP Morgans deindexing Nigeria and the dollar scarcity. Staunch Buharist such as Soludo and Sanusi have condemned them

That's another angle which some of us adviced a review is needed but some people started abusing us without taking a look at what's happening in the system

adconline:

For the simple fact the she failed to successfully prepare a national budget even with GEJ and OBJ budget expos...

The budget was hurriedly prepared so a few gaffes will not be surprising.

What is worrisome is her silence. Finance ministers are very "noisy". Look at NOI or look at her British equivalent Osbourne. They are always in the news.

id911:


If the country works well it's for the good of us all. One begins to wonder if you don't see that the economy is going down south and no firm policies, no direction, not even pronouncements from the fiscal manager to boost confidence and give reassurance.

There's little or no confidence in the present economic management team lead by the Finance Minister

The guy asked what do you expect her to do, you responded with jargon like indices. Guy, his question remains unanswered...."what do you expect her to have done in 2 months"

id911:


If the country works well it's for the good of us all. One begins to wonder if you don't see that the economy is going down south and no firm policies, no direction, not even pronouncements from the fiscal manager to boost confidence and give reassurance.

There's little or no confidence in the present economic management team lead by the Finance Minister

The guy asked what do you expect her to do, you responded with jargon like indices. I said explain yourself. Guy, his question remains unanswered...."what do you expect her to have done in 2 months"


please we are waiting since you are a master of "economic indices"

emmykk:
she could not edit budget

that's a grave one no doubt but don't you think that we need to know what time she has to do that, considering we don't know when the other minister/ ministry submitted their budget

Can your entire generation match Okonjo Iwela in terms of economic policy formation? Stop the hate and the lies this govt painted her to disctedit her person let the truth be.She is a Super economists and has writing her name in history.Hate her or like her you can never God don butter her bread.

And what have you??

You know what..
Go hug wet transformer Iwela will keep soaring and you can only be recognise barking like a demented dog in nairaland

Gbawe:


Are you for real? Have you been living on another planet for the past 5 years not to know that NOI is a weak-minded and unscrupulous woman who abetted and rubber-stamped all the financial impropriety and recklessness the GEJ government got away with that has now gotten Nigeria into the horrid mess she is in today? You guys are something else honestly.

This woman should be left to focus. How can Nigeria's problem be used to call for her head?
When some of you know how the economic team function now you will exonerate her and blame Mr.President and those hired guys from xxxxxxxcoopers.

gists:

He asked you a simple question and you about ranting. Answer the question or forever remain silent.
Its too easy to criticize without having a shred of idea of what to do.
Is Nigeria the only country investors are leaving? Investors are not silly. They will take their money to more matured/secure environment (the US economy in this case because the US is just vexing trashing everybody - largely because of the contribution of their sales from oil)
Is it only the naira that is losing value? Have you checked out how mush canadian dollar, austrailian dollar, Rusian ruble, Chinese yen and many more advanced economy have lost to the USD? by your theory, all these countries should also fire their finance ministers abi?

Just provide a solution as you were asked or forever remain silent.

Yes those currencies lost values due to reduction in foriegn exchabge earnings.

Buhari has refused to allow that to happen amd that is the root of the present woes. Soludo and Sanusi jave condemned Buharis economic policies which he imposed through the CBN.

JP Morgan was forced to deindex us.

To understand the problem, people who are sent ordinary $100 as WU are whining at collecting at 197. Imagine investors bringing in millions of dollars? This policy is discouraging an influx of badly needed dollars.

I wanted to start small scale expirtation but lost interest because I not ready to be paid at 197 for my dollars.

Buhari should be redeployed.

lookandlaff:


The guy asked what do you expect her to do, you responded with jargon like indices. I said explain yourself. Guy, his question remains unanswered...."what do you expect her to have done in 2 months"


please we are waiting since you are a master of "economic indices"

I'm no master of 'economic indices' as you put it. Maybe you have to go through the thread from the first page

[quote author=Mmadu111 post=42130967]you sincerely lack Complete sense; like seriously, you need to borrow some sense to make up that thing you got up there.. ... We're talking about the situation at hand and all you could do is to dust up dead stench.... The economy is on the fast train to misery, get it clear into your head. [/quot. Mumu,very moipic in thinking

Tochaigh:


After that joke of a budget, Buhari or Osinbanjo's head should be the one rolling not this innocent (bewildered) woman.

It was Osinbanjo that said "there would be know coordinating minister of the economy". And they said he is a professor of law. Nigeria's economy is presently a joke.


Meanwhile, Emifiele should be banished to the north-pole

Buhari go home and take Emefiele with you

sickstars:


Ok u didnt see in the article that she has served as commisioner for finance

Do u fink the damages done to osun state is started now?

Its an accumulation of past osun leaders doin more harm dan good

By the way m an apc die hard fan bt stil apc is f**ckin up truth b told abeg call a spade a spade
M

. Mumu,she served in Ogun state not osun state,ode

haters on the loose.

madam Kemi Adeosun will bring this nation back to economic prosperity after her 8year tenure.

and wailers cum haters will do one of two things,

grab a front seat and cheer her on to a brilliant success, or take a very very deep dive in the lagoon and remain quiet forever.

your choice, your headache.

id911:


Stop mentioning all these countries because even with the severe strain they seem to be experiencing, there are clear policy directions by the managers of their economies to absorb shock and keep them afflot.

Please kindly tell me the ones we currently have or you perpetually remain silent whenever enlightened people discuss issues affecting the welfare of Nigerians

1,000,000,000,000 likes.

Buharis policies will ruin the economy. Sorry has ruined the economy.

Tochaigh:


After that joke of a budget, Buhari or Osinbanjo's head should be the one rolling not this innocent (bewildered) woman.

It was Osinbanjo that said "there would be know coordinating minister of the economy". And they said he is a professor of law. Nigeria's economy is presently a joke.


Meanwhile, Emifiele should be banished to the north-pole

please under what arm of ministry is the budget office?

Normally the kemi so called FM should be PA to Aisha Buhari, but because they used her to compensate some group she just sit as decoration in the FM.

seunmsg:


The same incompetent NOI that partly got us into this problem? Seriously, what's wrong with some of you? She managed the economy when oil sold for over $100 and still, we have nothing to show for it and here you are advocating for her to come back again.

Kemi and the present economic team are doing a great job. With time, the economy will witness a turn around.

The naira is 300 and she is doing a great job!

Nigeria is steadily sinking yet some f00ls here are busy defending the indefensible.

All I can say is, we are all in it together and no one will be spared when the inevitable begins to happen.

I would have said that buhari is bound to be impeached but that would have been possible if Nigeria was a sane society. But being a country where every thing goes, we can only but endure the untold hardship for the next 3 years and some months. It's a pity!

grandstar:
Yes those currencies lost values due to reduction in foriegn exchabge earnings.

Buhari has refused to allow that to happen amd that is the root of the present woes. Soludo and Sanusi jave condemned Buharis economic policies which he imposed through the CBN.

JP Morgan was forced to deindex us.

To understand the problem, people who are sent ordinary $100 as WU are whining at collecting at 197. Imagine investors bringing in millions of dollars? This policy is discouraging an influx of badly needed dollars.

I wanted to start small scale expirtation but lost interest because I not ready to be paid at 197 for my dollars.

Buhari should be redeployed.

you really don't know what you are talking about right? you just wanna feel among and sound intelligent.

do you know that as at November/December of 2014, the dollar was already exchanging for #230?

let me guess, that was Buhari too.

smh for you.