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Nairaland Forum / Nairaland / General / Politics / Buhari Should Beg Ngozi Okonjo Iweala . (6945 Views)
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Re: Buhari Should Beg Ngozi Okonjo Iweala . by modik(m): 5:11am On Jan 25, 2016 |
Genius100: Can you for once listen to yourself? You have refused to look at economic indices be fore shouting foul. When PMB was taking eternity to set up his cabinet you were clapping for him When he is going around the world telling the whole world that Nigeria is not Safe for investment and broke you were hailing him. Now that the economy has nosedived, you are looking for paper policy that took forever to surface. The other day I went to buy bread and was told that a loaf of N200 last week is now N250, yet you are here hailing his paper policy, including the FOREX policy that sumasulted. "Kwontinuu" fighting corruption, let your economic driver keep looking back through the rear mirror without focusing on the bigger picture in front of him through the windscreen. A Yoruba Proverb Says that when the cloud/heaven falls, it will fall on the head of all, including the ruler and the ruled . 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by Achuwa1(m): 5:12am On Jan 25, 2016 |
Bush son didnt fuxck up in those countries,but he achieved what americans wanted of him thts y he was given those accolades & awards... america is only after their interest & not tht of the subject. |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by MayorofLagos(m): 5:15am On Jan 25, 2016 |
Achuwa1: You must be from East. You are definitely not a Yoruba judging from this politically damaging response. So...why do you think America is celebrating Okonjo....is it because she went against their corporate interest? Abeg pack up and go write in Biafra thread.. C'mon, go... 3 Likes |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by Gbawe: 5:16am On Jan 25, 2016 |
Achuwa1: Oh lawd !!!! The excuses in defence of NOI do not get more senseless than this. Is it not obvious to you that what the IMF or world bank want from an economist will not be what a mono economy like Nigeria will want from the same economist? Who told you guys NOI is unattractive to pro western organisations that thrive by throttling the potentials of the "third world" so they retain their 'developed nations' status? There are salesmen who thrive cheating unsuspecting members of the public for a living yet these sort will never be out of work as long as they are good at what they do in a world where some prioritise the need to make money at all cost above everything else. Nigga, the west will always love 'tools' like NOI and will always attempt to subdue and frustrate the Nkrumahs, Awolowos, Lumumba, Sankara et al. If a mafia hitman is always employed then that does not mean he is an asset to society. It simply means he is good at killing people and serving his master. 5 Likes |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by Gbawe: 5:22am On Jan 25, 2016 |
MayorofLagos: Indeed. The fact is that NOI failed so spectacularly under GEJ to the extent she will now be first choice of any organisation that has an exploitative agenda towards Africa. Their thinking will be that "if you can f**k up the biggest black nation that badly then we can trust you to help us plunder your fellow monkeys". Anyone who has experience of living or working in the west will know there is always an agenda of using the black man to infiltrate and undermine his own. What NOI supervised under GEJ shows she does not give a toss about Nigeria or Nigerians. This will make her attractive to many profit-obsessed organisations who will see "ruthless achiever" rather than accept she is an unscrupulous woman who is very comfortable with nation-crippling corruption and sleaze. 5 Likes |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by otokx(m): 5:23am On Jan 25, 2016 |
modik: Prices will continue to rise in the short run as we consume goods produced abroad. The flour and butter in bread is imported in $$$. We are only reaping what we have sowed. You may wish to change your breakfast to Ogi and Akara which are made in Nigeria. 2 Likes 1 Share |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by 1wolex85: 5:26am On Jan 25, 2016 |
mekaboy: This is a very terrible write up filled with conjectures and no facts! You just woke up and decided to give your reasons for the actions the govt has taken totally devoid of facts Another thing I don't understand is your obsession with NOI. Did Nigeria's economy collapse when obj removed her as finance minister? Does she have any experience managing the economy under such low oil prices? Did she achieve the best with high oil prices? Answer to all these questions is a big NO so what's your point? Besides a tree doesn't make a forest and I don't see the magic wand she possesses. Lastly NOI doesn't need to be a minister before she helps her country, she is a world Bank executive just as Adesina is an executive with afdb, she can use her influence to help the country so just stop making this woman out to be a god because she isnt 5 Likes |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by Achuwa1(m): 5:36am On Jan 25, 2016 |
Even tinubu the jagaban knows pmb is not performing thts y he is begging nigerians for time on pmb behalf,,, Look here all apc e-rat,if u bring pmb as ur presidential candidate for 2019,u ppl should know tht u will loose woefully @ the polls coz he has done virtually notn since he came into power,, it is very obvious now tht old men can no longer longer perform,maybe any party tht bring out a young man or even a female as presidential candidate might be the person we nigerians will vote fir irrespective of party or tribe.. 3 Likes |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by BekeeBuAgbara: 5:38am On Jan 25, 2016 |
mekaboy: 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by modik(m): 5:49am On Jan 25, 2016 |
otokx: >>we started importing flour last 8 months. >>>General price increase(inflation) for imported goods was mismanaged prior "now"?? >>>>Somebody who has been employed by Nigerians to manage the Macro/Micro economic policies and indices is busy watching the rear mirror as his chiefest objective while the economy is blasting ahead(negatively) at the speed of light. >>>>>Economy will worsen in the short run because we import, but the budget crafted to address economic diversification allocated a whooping sum to COMMUNICATION more than agriculture and industrialisation put together. >>>>>>We are watching the basis of your long-run economic fortune. Let me just stop here for now. 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by HenryThegreat1(m): 6:03am On Jan 25, 2016 |
LRNZH:. One million like 4 u |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by ziccoit: 6:29am On Jan 25, 2016 |
You are asking a woman that presided over economy surplus without much to show for it to come and manage economy crunch. You overrated this woman. She doesn't worth this much bro. 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by Nobody: 6:41am On Jan 25, 2016 |
modik: To explain... We have been importing flour for ages. During the last admin....and for the last ten years....we were able to import it cheaply because we had enough forex from high oil price. However since 2014....oil prices have been falling.....leading to lack of forex to buffer the naira......and as a result...the naira has been falling against the dollar. It has not fallen to N500 to $1 because of the CBN's forex restrictions. In July 2014....oil was $112 .Now itis $28. That is a lot of forex gone. And since the naira is falling....prices have to go up....because importers of flour are paying more for the flour.(That is why Emefiele does not want to devalue the naira .....but is instead hoarding dollars....because he knows that if we dealue...that loafof bread might be costing you N1000). Everything points to a faliure of diversification by the last admin among others.And.....it is going to take time to properly diversify. GEJ did not build automotive car plants in eight months. 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by modik(m): 6:58am On Jan 25, 2016 |
Kikero112: You have stressed the obvious. A journey of a thousand miles start with a stride. You would agree with me that a budget that has diversification in mind as we can see in 2016 submitted and re-submitted budget has addressed just that by placing communication budget over and above agriculture, works etal? GEJ did not build automotive car plant but set in motion a policy framework that brought the plants. Policy drives all. What policy framework so far can you point out that will achieve diversification outside communication? If agriculture is underfunded, where will flour come from? Maybe from communication ministry? 3 Likes |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by Nobody: 6:59am On Jan 25, 2016 |
modik: It was recovering life....because we had the foreign exchange to import the car parts we were assembling in Nigeria. We have been here before. During the oil boom years of the 1970's...when oil prices were high.....car companies like Volkswagen, and Peugeot cane and set up assembly plants in Nigeria.Other companies included STEYR,Leyland and Mercedes (Trucks). They could do tht because......Nigeria had the oil money topay them to import the parts needed to make their cars here in Nigeria cheaply. Add cheap labour (compared to Europe) and Nigeria was making cars by the hundreds. (This was the time when in 1975....someone could buy a new Volkswagen for less than N2000). Of course...the Naira was strong because we had enough forex to buffer it. Then in 1982....oil prices dropped.By 1983....one could get a Peugeot 505 for N13000. Oil stayed low....and by the mid 1980's it became expensive to import parts to assemble in Nigeria. Ideally....we should have then switched to local sources of raw materials...but we did not have them ready for exploitation because Ajaokuta.......was not complete. (And still is not working.). By 1991....a Peugeot 505 went for N900000. (Two years earlier....we had devalued the naira). By then....it had become expensive to assemble cars in Nigeria....because thanks to the fall in oil price....we did not have the money to import car parts for assembly. The same thing....is going to happen to GEJ's car plants....unless we get Ajaokuta sorted. Which PDP failed to do in 16 years! There is no revolution in Nigeria's automotive industry. We are merely repeating the mistakes of the 1970's and 80's. And to make matters worse....since 1992....Nigeria has been importing lots of second hand cars......draining our little forex even more.(Back in the 1980's a friend of my dad bought a ''Belgium'' car. My dad was like.....Why buy a second hand car when we have good Made in Nigeria cars. Today....even during GEJ'stime....Belgium cars .....aka Tokumbo.....are the new normal). Buhari should fix Ajaokuta. 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by Nobody: 7:04am On Jan 25, 2016 |
modik: If we want to get agric working....we have to stop pretending that subsistence farming is the key to agric development. We need large working mechanised farms to get our agriculture working again. And key to diversification is education...which got the lion's share of agric budget. There should be a supplementary increase for agric....but it has to be money well spent....somehow. 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by modik(m): 7:16am On Jan 25, 2016 |
Kikero112: I am discussing policy here and not education without balancing effect (employment opportunity/employability) which is a topic for another day. Policy first: How many of our agro based factories have a farm in Nigeria by government policy? Who makes the policy that drives that? Don't we have fertile soil for basic industrial crop production? How many primary crop processing plants do we have here? Who makes the policy that drives such investment in Nigeria? I guess you understand where I am going. When government who is not into direct food production gives subsidies to large scale farmers, such subsidies won't be funded via Budgetary provisions? |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by modik(m): 7:27am On Jan 25, 2016 |
Kikero112: By implication, are you positing that all thriving economies of the world are oil driven? When shall we Nigerians think outside the box and move away from oil mentality when the world is busy researching and diversifying into alternative sources of energy? 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by 1wolex85: 7:33am On Jan 25, 2016 |
modik: you know that is not what the guy is saying. He used oil because he was talking about Nigeria and that is our major source of income coupled with the fact that our economy is not diversified 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by modik(m): 7:38am On Jan 25, 2016 |
1wolex85: He set oil economy as the premise that dovetailed into his conclusion. Whose duty is it to give policy direction that heralds/midwives the diversified economy? What can we infer from Governments policy direction via the budget? It is a bitter truth that gives every informed Nigerian a nightmare. 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by Goke7: 7:42am On Jan 25, 2016 |
modik: Sir he is only explaining to you that oil has been the mainstay of the Nigerian economy all these years |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by Demdem(m): 7:48am On Jan 25, 2016 |
Achuwa1: Ignorance at its peak SMH. 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by naijaboy756: 7:53am On Jan 25, 2016 |
mekaboy:thanks for educating that empty head commodity price theorist. 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by Abagworo(m): 7:56am On Jan 25, 2016 |
She performed well under OBJ but destroyed Nigeria under Jonathan. She is useless today. 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by maasoap(m): 7:57am On Jan 25, 2016 |
OP deserves nothing less than receiving a single bullet to his forehead. Must you guys insult the sensibility of hardworking Nigerians? Okonjo Iweala told you and me that she was borrowing money to pay Federal workers salary by the time she left office. That was administration that sold oil for 120 dollars per barrel for many years. This same woman signed away a whopping sum of 2.1 billion dollars without national assembly approval thereby making the people in charge of spending it unaccountable to anyone but president who was desperate to win re-election. Numerous and frivolous waivers. Unilateral withdrawal of money from ECA. She would tell us today that economy was good, tomorrow she would say there was problem. 2 Likes 1 Share |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by Nobody: 8:04am On Jan 25, 2016 |
the op needs to be flogged with cable wire. maybe that will reset his brain. the only place okonjo should be is jail. along with the worst president ever liveth. paid hacks like the op will never be able to change history. we are all a living witness to the period in question. you can't come and tell me that I didn't see what I saw. 2 Likes |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by TheGoodJoe(m): 8:29am On Jan 25, 2016 |
Gbawe: The Cut your long story short. Ngozi Okonjo Iweala is the worst thing that happened in Nigeria's economic history. FACT. 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by TheGoodJoe(m): 8:40am On Jan 25, 2016 |
modik: Do you expect the price of goods and services to stay the same after Crude price went from $100.00 to $27.00 in a country that depends solely on crude sales to fuel its economy. Okonjo Iweala was a disaster. Stop painting the devil as an angel. 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by modik(m): 8:58am On Jan 25, 2016 |
TheGoodJoe: Let us continue in supporting reactionary and Blame/buck passing economic management rather than responsible/proactive governance. Time will tell if Okonjo Iweala is a better economic manager or not. Sit tight, fasten your sit belt and enjoy your flight into the world of CHANGE. WE ARE JUST TAKING OFF. No sentiments over 1+1 = 2 1 Like |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by Nobody: 9:12am On Jan 25, 2016 |
modik: No....just Nigeria...among other resource dependent economies. Manufacturing works when your raw materials are sourced locally....or when you manufacture large amounts of quality goods for export. When shall we Nigerians think outside the box and move away from oil mentality when the world is busy researching and diversifying into alternative sources of energy? When you are ready to work...and stop believing in share the money economics |
Re: Buhari Should Beg Ngozi Okonjo Iweala . by TheGoodJoe(m): 9:17am On Jan 25, 2016 |
modik: You people keep saying all this shifting blame talk. It is impossible for a government that is largely dependent on Crude Sales to florish after such drop in the crude price. It is a fact. If Okonjo Iweala was a reasonable person, she would know her decision to turn a blind eye to the massive corruption practices under GEJ would harm the Nation. The woman was a complete disaster and a major accomplice to the worst looting in the history of Nigeria. Painting such a devil as an angel is terrible. I have no doubt the present Government will turn things around. Even with the falling crude price, I still expect this government to shine through it. It is just a rough patch created by Iweala and co. 2 Likes |
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