₦airaland Forum

wristbangle:
When OBJ left, why is the debt increasing on monthly basis under GEJ? It's about the leader abeg. Adeosun under OBJ would still perform better than under PMB.

OBJ, GEJ and PMB cannot be gauge as a world class leader but it was a bit fair under OBJ. It would have been the best under GEJ is not for the case of massive corruption. PMB has not impressed me so far but in terms of managing resources under depleted forex earning and security threats, I would give him 5/10

Your comment reminds of nairaland good old days of objective analysis.

Others that have been commenting are viewing it from tribalistic angle.You see them praising OBJ,for what?..the only reason is because he praised NOI.The same set of people that will lambast him ordinarily on other threads.

madridsta007:
LOL.

From your vantage point as a Nairaland critic on social media you know better than Obasanjo the President of Nigeria at that time, who appointed her?

LOL. Your arrogance eh?

No from the vantage point of Charles Soludo who was in government with her and who provided the information I have up there.


By the way Obj didn't give details of her contribution to the debt relief he only mentioned her as a negotiating member but Charles Soludo did.


You can read for your personal education and future reference.

Your major role as stated in your CV was to lead the team to negotiate the specific terms of the relief, having fulfilled the conditions. I still believe that Nigeria should have gotten far better terms than you negotiated. Of course, with your eyes on returning to the World Bank after office, I did not expect you to boldly stand up to the donor community in defence of Nigeria. Was there a conflict of interest on your part?

By the way, can you tell Nigerians why you were eased out as Finance Minister and you cried like a baby begging OBJ to still allow you remain in the Economic Management team—- barely few weeks after the debt relief? 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 Unclad.

http://www.premiumtimesng.com/news/headlines/176097-soludo-replies-okonjo-iweala-accuses-her-of-forging-national-economics-statistics.html

LOL. Your Ignorance eh?

wristbangle:
When OBJ left, why is the debt increasing on monthly basis under GEJ? It's about the leader abeg. Adeosun under OBJ would still perform better than under PMB.

OBJ, GEJ and PMB cannot be gauge as a world class leader but it was a bit fair under OBJ. It would have been the best under GEJ is not for the case of massive corruption. PMB has not impressed me so far but in terms of managing resources under depleted forex earning and security threats, I would give him 5/10

It should have been the best under GEJ but the fact that corruption rained supreme made the case for castigating the woman considering that she wans the coordinating minister.

I think your evaluation of PMBs achievement as it relates to resource management is far too stingy when you consider what has become of Venezuela in the wake of depleted oil prices.

You can only imagine the tragedy and sorry state Nigeria would have being in had we continued on the Okonjo path especially if we take into consideration of the various security challenges facing the country at the time PMB came to power.


Before we condemn PMB next time maybe we should look at Venezuela as a reference country of what could have been had this man not come in.

tribalistseun:
$30billion !! Northerners really finished this country, I remember the governor of imo state was Colonel Tanko zubairo. All governors where all from North. And Buhari is here shouting am fighting curruption like a mad man. Buhari should borrow Sense from Obasanjo

You are right dear@Tanko zubairo and He sold our amaraku power station to Guinea republic

jomoh:
It should have been the best under GEJ but the fact that corruption rained supreme made the case for castigating the woman considering that she wans the coordinating minister.

I think your evaluation of PMBs achievement as it relates to resource management is far too stingy when you consider what has become of Venezuela in the wake of depleted oil prices.

You can only imagine the tragedy and sorry state Nigeria would have being in had we continued on the Okonjo path especially if we take into consideration of the various security challenges facing the country at the time PMB came to power.


Before we condemn PMB next time maybe we should look at Venezuela as a reference country of what could have been had this man not come in.

God bless you sir. My reason for that score is due to not harnessing the non oil sector enough coupled with fund wastage on oil exploration in the north, some non performing/incompetent ministers in his cabinet and one way fight of corruption.

Every government have it's flaw and I would say GEJ is the most flawed democratic government since 1999 because despite oil price at $120 per barrel, he couldn't do much to boost other sector of the economy, build the necessary infrastructure and massive looting happened under his watch hence why he is seen as the clueless one.

Truly if his government had continue till now, I don't know what might have happened to Nigeria but that doesn't mean the current government are taking prompt steps to make average citizens enjoy dividend of democracy. Though recently we are getting positive news about the economy but this need to transcend to the masses.

thundafire:
She made u and GEJ standout but dy KUNU drinkers wanted dragging a name to dy mud but she is still getting more juicy appointments

Stand out indeed. Compare Iweala under Obasanjo and Iweala under GEJ. Obasanjo himself said it that even though Iweala is competent, she needs supervision. Obasanjo made the best out of Iweala. Obasanjo said that when GEJ came to him and told him that he wanted Iweala, the question he asked Goodluck was that "Can you handle her". Obviously, GEJ couldn't handle her. It is obvious that Iweala left alone cannot impact the economy without supervision.

NOI is a good material. I still don't know what went wrong during GEJ regime!

jomoh:
No from the vantage point of Charles Soludo who was in government with her and who provided the information I have up there.


By the way Obj didn't give details of her contribution to the debt relief he only mentioned her as a negotiating member but Charles Soludo did.


You can read for your personal education and future reference.



http://www.premiumtimesng.com/news/headlines/176097-soludo-replies-okonjo-iweala-accuses-her-of-forging-national-economics-statistics.html

LOL. Your Ignorance eh?

Charles Soludo can be rightly seen as her direct competitor so I wouldn't look to him for any objective opinion.

I have not seen where a potential employer calls up a candidate previous place of work and asks to speak with employees there. No sir, that is not done. They ask to speak to the line manager. In this case both "employees", Soludo and NOI, had Obasanjo as their line manager. It is only normal that Obasanjo's opinion of both of them is seen with more authority than any other employee. This is how things work, I believe.

lionjungle3000:
Okonja Iweala was the arrow head behind the forgiveness of over $30 billion debt for useless, ungrateful Nigeria. What has Adeosun done for Nigeria? Daily borrowing; under her, we have borrowed over $5 billion. FYI: under Obasanjo oil was oil $25 a barrel. What other excuse do you have Afonjas...wicked things?

Yeah oil was also low, but Okonjo iweala even in all that demanded we save, and under obasanjo via Okonjo we not only cleared our debts but saved over 22Billion dollars, this saw us through during the Global economic melt down few years later(after the little oil price boom in 2008), and so we spent all our savings to see us through and it was reduced to 4 Billion dollars.
Under Jonathan, the Governors led by former vice president Sambo refused to save despite her plea, and so Buhari inherited just 2 Billion dollars which was too little for the rainy day.

jomoh:
Wow! are you here for insults or discuss.


I won't trade insults with you it's a sign of a weak mind.


Before I go let me educate your ignorance.

At $25/barrel Okonjo(a professor) was borrowing to pay salary. Is that her back up mechanism?

At the same $25/barrel the Kemi Adeosun(an HND graduate) took over and never borrowed to pay salary. Instead she turned things around and started borrowing states money to pay salaries.

I won't dignify you with a response again


Bye.

http://www.premiumtimesng.com/news/headlines/176097-soludo-replies-okonjo-iweala-accuses-her-of-forging-national-economics-statistics.html

Mumu

Was your HND dunce paying subsidies in her own government,?

If This useless government was paying subsidies the weight Jonathan was paying, let me see what will be left of the useless government

Besides, buhari's government has been borrowing since day 1.
Go check up the stats at the DMO database.

wristbangle:
God bless you sir. My reason for that score is due to not harnessing the non oil sector enough coupled with fund wastage on oil exploration in the north, some non performing/incompetent ministers in his cabinet and one way fight of corruption.

Every government have it's flaw and I would say GEJ is the most flawed democratic government since 1999 because despite oil price at $120 per barrel, he couldn't do much to boost other sector of the economy, build the necessary infrastructure and massive looting happened under his watch hence why he is seen as the clueless one.

Truly if his government had continue till now, I don't know what might have happened to Nigeria but that doesn't mean the current government are taking prompt steps to make average citizens enjoy dividend of democracy. Though recently we are getting positive news about the economy but this need to transcend to the masses.

How long was the oil price $120?

Oil prices were higher under GEJ, but so was his responsibilities.
Minimum wage has been increased, Youth corpers in their hundreds of thousands has their allowances increased by more than 100 % to N19i800 and in addition, the subsidy bill on his neck was too heavy.
Add the fight against bh too.


I'm not saying Jonathan was the best, but hey; let's try to be objective here.

Let Buhari pay the subsidies that the last government paid, let's see what will remain in the coffers.....


Buhari's government has been very wasteful, and more than 2 years after, nothing concrete to show.


You are talking of Venezuela, Venezuela is a socialist state, Nigeria is not, so there was no way Nigeria would have ended up like them.

Chavez has spoilt them, and they are paying for it today.

tribalistseun:
$30billion !! Northerners really finished this country, I remember the governor of imo state was Colonel Tanko zubairo. All governors where all from North. And Buhari is here shouting am fighting curruption like a mad man. Buhari should borrow Sense frolm Obasanjo

Well said dear

Ugosample:
How long was the oil price $120?

[b]Oil prices were higher under GEJ, but so was his responsibilities.
Minimum wage has been increased, Youth corpers in their hundreds of thousands has their allowances increased by more than 100 % to N19i800 and in addition, [/b]the subsidy bill on his neck was too heavy.
Add the fight against bh too.


I'm not saying Jonathan was the best, but hey; let's try to be objective here.

Let Buhari pay the subsidies that the last government paid, let's see what will remain in the coffers.....


Buhari's government has been very wasteful, and more than 2 years after, nothing concrete to show.


You are talking of Venezuela, Venezuela is a socialist state, Nigeria is not, so there was no way Nigeria would have ended up like them.

Chavez has spoilt them, and they are paying for it today.

Yes I acknowledge he did those at the bolded but having said that, you will agree with me that corruption sky rocket under his watch and issue of subsidy or insecurity should be enough burden to diversify the economy and build the necessary infrastructure. Even NOI warned his administration against the incessant looting by corrupt individuals.

Building of infrastructure was important than paying back the debt or debt relief thing.

He was not fit as president of a developing country.

Ugosample:
Mumu

Was your HND dunce paying subsidies in her own government,?

If This useless government was paying subsidies the weight Jonathan was paying, let me see what will be left of the useless government

Besides, buhari's government has been borrowing since day 1.
Go check up the stats at the DMO database.

Erm! erm! who's fault is that the populace couldn't trust her enough to allow her and her master to remove the subsidy especially with the monumental fraud that has gone unnoticed under her.

She is a failure if her country cannot trust her to manage the funds of the country then what finance was she ministering?

We say person no fine, you say na rain beat. We na the rain wash away her beauty?

We say she no know book, you say she get hand writing. Na that one We wan chop.

wristbangle:
God bless you sir. My reason for that score is due to not harnessing the non oil sector enough coupled with fund wastage on oil exploration in the north, some non performing/incompetent ministers in his cabinet and one way fight of corruption.

Every government have it's flaw and I would say GEJ is the most flawed democratic government since 1999 because despite oil price at $120 per barrel, he couldn't do much to boost other sector of the economy, build the necessary infrastructure and massive looting happened under his watch hence why he is seen as the clueless one.

Truly if his government had continue till now, I don't know what might have happened to Nigeria but that doesn't mean the current government are taking prompt steps to make average citizens enjoy dividend of democracy. Though recently we are getting positive news about the economy but this need to transcend to the masses.

You're correct but we have to understand that no matter how boutant the economy of a country is, it's citizens will never feel it's impact unless the country has good infrastructure and institution in place.

You're also correct that he could have done much more than what he has done and I agree with you. I like people who are objective in their criticism. Not the ones that never sees the good in their enemy or never sees the bad in their hero.

jomoh:
Erm! erm! who's fault is that the populace couldn't trust her enough to allow her and her master to remove the subsidy especially with the monumental fraud that has gone unnoticed under her.

She is a failure if her country cannot trust her to manage the funds of the country then what finance was she ministering?

We say person no fine, you say na rain beat. We na the rain wash away her beauty?

We say she no know book, you say she get hand writing. Na that one We wan chop.

Oh, so you are now bringing the "lame" excuse on trust?

What sort of silly argument is that?

A subsidy bill that was heavy and wasting our money is what you are saying trust?


Nigeria really no deserve good thing
Everything is always about tribalism, nepotism and narrow reasoning

madridsta007:
Charles Soludo can be rightly seen as her direct competitor so I wouldn't look to him for any objective opinion.

I have not seen where a potential employer calls up a candidate previous place of work and asks to speak with employees there. No sir, that is not done. They ask to speak to the line manager. In this case both "employees", Soludo and NOI, had Obasanjo as their line manager. It is only normal that Obasanjo's opinion of both of them is seen with more authority than any other employee. This is how things work, I believe.

Nope He was not. Soludo had a more secured and more respected job than Okonjo so I see no need for the competition. He controlled the treasury of the whole country and the president had no direct power over him. So he had a more recognised and respected job than Okonjo.
The Nigerian banking industry will forever owe it's survival to Soludos recapitalization drive.

In this situation the line manager(OBJ) has not provided the details of her performance and why he eased her out of office barely weeks after securing the much touted relief.

Also the fact that she was shipped out of the economic team entirely has given credence to the fact that she was not in any way important in the scheme of things.

I remembered she was shipped out of the country to be an ambassador. In my little experience in politics, that is a way of a leader saying "I don't want to see you around me but I don't want to humiliate you further by sacking you"

Ugosample:
Oh, so you are now bringing the "lame" excuse on trust?

What sort of silly argument is that?

A subsidy bill that was heavy and wasting our money is what you are saying trust?


Nigeria really no deserve good thing
Everything is always about tribalism, nepotism and narrow reasoning

So you don't need trust from someone who wants to manage your finance? You don't care if He or she is competent enough to manage your finance?

No wonder You mentioned nepostism and tribalism but you should be ashamed of yourself for mentioning tribalism and nepotism in this discuss. Do you know my tribe? or my relation?

You have shown that you're the tribalist here who taught she is been castigated because of her tribe but you shamelessly forgot that the person that initiated this expose on her is her kinsman(Charles Soludo). At one point Obi ezekwesili (another of her kinsman) also joined in blaming her for her role. Those her people of excellence who saw beyond the narrow thinking of tribalism that you're engulfed in.

Yes the subsidy was wasting our resources but what happened to the fund her ministry realised when the increased the fuel to N92 from N64? nothing to show for it.


So you expect me to trust her with total removal? someone that couldn't explain how she managed the partial subsidy removal? We are not all fools you know.

Despite the price of crude oil averaging $100 at that time, she couldn't manage the economy you now expect me to trust her with the little I was enjoying as the citizen.

All the promise of transit buses to be provided with the initial removal have you seen any? They are all in the hands of private transporters charging you and I exorbitant fees for what belongs to us.

A woman that borrowed money less than 6months after oil started trading for $25/barrel despite years of the price averaging $100/barrel, I wonder the magic she would perform in an economy averaging $36/barrel. an with very low output at some point.

In your last post you mentioned PMB borrowing from the first day. FYI every government borrows almost all the time, what to do with it is what matters.

Only a foolish and irresponsible government borrows to pay salary. Is salary an investment? How does she expect to pay back the loan?

$65, you mean, because under those thieves, by $70 they were already telling us to tighten our belt yet they somehow expect magic when the thing went to $25.
My only prayer is that we diversify because the age of oil is fading out and once again we are going to play catch up in the future that is about to unfold yet people will sit down and support evil when the rest of the world is tired of depending on middle east, Russia and other not too friendly nations for energy.

Volvo has totally gone into electrical cars meaning they do not want to produce diesel or petrol cars again, yet we are still not looking beyond oil enough. I really wish this administration gets the rice and refinery sorted out. The stupid senate should allow Kachukwu sell those moribund refineries, they can NEVER work under government not with the vested interest inside those places (Sorry I digressed too far from the topic, just that am a patriot)

jomoh:
Wow! are you here for insults or discuss.


I won't trade insults with you it's a sign of a weak mind.


Before I go let me educate your ignorance.

At $25/barrel Okonjo(a professor) was borrowing to pay salary. Is that her back up mechanism?

At the same $25/barrel the Kemi Adeosun(an HND graduate) took over and never borrowed to pay salary. Instead she turned things around and started borrowing states money to pay salaries.

I won't dignify you with a response again


Bye.

http://www.premiumtimesng.com/news/headlines/176097-soludo-replies-okonjo-iweala-accuses-her-of-forging-national-economics-statistics.html

jomoh:
You should be ashamed of yourself for mentioning t Italian and nepotism in this discuss. Do you know my tribe? or my relation?

Yes the subsidy was wasting our resources but what happened to the fund her ministry realised when the increased the fuel to N92 from N64? nothing to show for it.


So you expect me to trust someone that couldn't explain how she managed the partial subsidy removal with the total removal? We are not all fools you know.

Despite the price of crude oil averaging $100 at that time, she couldn't manage the economy you now expect me to trust her with the little I was enjoying as the citizen.

All the promise of transit buses to be provided with the initial removal have you seen any? They are all in the hands of private transporters charging you and I exorbitant fees for what belongs to us.

A woman that borrowed money less than 6months after oil started trading for $25/barrel despite years of the price averaging $100/barrel, I wonder the magic she would perform in an economy averaging $36/barrel. an with very low output at some point.

In your last post you mentioned PMB borrowing from the first day. FYI every government borrows almost all the time, what to do with it is what matters.

Only a foolish and irresponsible government borrows to pay salary. Is salary an investment? How does she expect to pay back the loan?

I have nothing more to say

Ugosample:
I have nothing more to say

Respect to you my brother.

Let us emulate the government under Obj. A man who doesn't care about your tribe as long as you're competent and the moment you fail, he shows you the door.

The man who sent two of his kinsmen( Tafa balogun and Bode George) to jail for corruption. He went after SM Afolabi(National identity card scam) until the man commuted suicide. He went for Fayoses head for his poultry scam.

He was no saint but under him, your tribe was on the back foot. Your competence was what matters and Nigeria was better for it.

Its unfortunate he soiled everything he built with his greed.

9jatriot:
$65, you mean, because under those thieves, by $70 they were already telling us to tighten our belt yet they somehow expect magic when the thing went to $25.
My only prayer is that we diversify because the age of oil is fading out and once again we are going to play catch up in the future that is about to unfold yet people will sit down and support evil when the rest of the world is tired of depending on middle east, Russia and other not too friendly nations for energy.

Volvo has totally gone into electrical cars meaning they do not want to produce diesel or petrol cars again, yet we are still not looking beyond oil enough. I really wish this administration gets the rice and refinery sorted out. The stupid senate should allow Kachukwu sell those moribund refineries, they can NEVER work under government not with the vested interest inside those places (Sorry I digressed too far from the topic, just that am a patriot)

Thank you for this my brother.

Wetin the Iweala come later do. Poo woman .

three:
Okay, makes sense but no continuity!

"Anything but Jonathan" landed us at this point.

Jonathan was not an option but see where not exploring other existing options has landed the nation.

Obasanjo's circa 2003-2007 fight with Atiku & the Governors brought about Yaradua, Jonathan and now Buhari.

Highwire Politics and Political Expediency has culminated in National Failure.

You are blinded by hate.

Just accept it

maxiuc:
I don't know why the north keeps clamouring for president

They are always moving this county backwards


That's why nigeria can't get better

You got it right.

I think Obasanjo and Jonathan are the best in the past 30years.. Both southerners.

The economy is looking a bit better since 3,months this man is sick and away..

ipobarecriminals:
if nothing work in south east,blame ur governors, Example like Enugu state government

Who told you that Enugu is not working ?

Have you been to Enugu ? Because nobody who has been to Enugu will comment what you just wrote..

Only Kano and Kaduna can compare Enugu from all the north.

Abuja is a national geographical asset still built by oil money..

400billionman:
Who told you that Enugu is not working ?

Have you been to Enugu ? Because nobody who has been to Enugu will comment what you just wrote..

Only Kano and Kaduna can compare Enugu from all the north.

Abuja is a national geographical asset still built by oil money..

sorry!I i knw Enugu inside out..