Oshiomole and APC tried everything in their power to tarnish the image of Ngozi okonjo iweala, who introduced most of the policies to block loopholes for corruption in Nigeria. Even after they refused to save against her advice , they still turn around to blame her.

Remember during the early days of buhari, when he started with the blame strategy for failure, they would always say one thing or the other against Ngozi. The more the incompetence of kemi was glaring, the more they blamed Ngozi. Nigerians got tired of the blame game.

So we look at the two ministers, though it inappropriate to compare they two, because the world has seen that Kimi is not match but let's see.

While Nogizi believed in saving, kemi believes so much in borrowing, not even for infrastructure, but to fund those who blackmailed her in government.

Ngozi cancelled our debt, Kemi increased.

While nothing was found on Ngozi, kemi was alleged caught in yahoo, sorry forgery.

While 'coz I keeps rising to fame as the first African on Twitter board, kemi can be said to be the first African finance minister to forge certificate.

So it's like one minister rose to FAME while, another sunk in SHAME.

Can any international organization, employ kemi adeosun with a record of forgery and obtaining by false pretence?

Nigerians can tell the difference from the economy handled by both.

While oshiomole and APC kept raising false allegations against Ngozi in Nigeria, the international community kept promoting her.

But they kept protecting kemi, but it's obvious that they international community have their own method of measuring competition and integrity.


Hope the polytechnic she went to abroad won't revoke her certificate.

One is real while the other is fake

It's like comparing Maitama to Ugbo Odogwu

Bibors:
It's like comparing Maitama to Ugbo Odogwu

Guy you bad ooo. Ugbo odugwu 042.

this op should go back to school. ur grammatical construction is worst than forgery.

Bibors:
It's like comparing Maitama to Ugbo Odogwu

hahahahahahahahaha
guy u are heartless aswear

The same NOI I know that contradicted herself so many times. It is funny how people take glory for any little economic improvement caused by rising oil prices but want the country restructured when oil prices dip.

CodeTemplar:
The same NOI I know that contradicted herself so many times. It is funny how people take glory for any little economic improvement caused by rising oil prices but want the country restructured when oil prices dip.

Tell that to twitter.

Piggyyeasternrs and inferiority complex are like 5 and 6.

mekaboy:


Tell that to twitter.

How can Twitter - a semi or largely faceless platform - be your standard?
I tire for una ipob folks. The sit at home must have been effected in the mind years before the economic one today.

Why compare certificate forger with NOI?SMH.

Where is Ngozis NYSC....did she have one.?

ibotic:
Where is Ngozis NYSC....did she have one.?

No she did not, it's for local champs like kemi. ���

[s]

mekaboy:
Oshiomole and APC tried everything in their power to tarnish the image of Ngozi okonjo iweala, who introduced most of the policies to block loopholes for corruption in Nigeria. Even after they refused to save against her advice , they still turn around to blame her.

Remember during the early days of buhari, when he started with the blame strategy for failure, they would always say one thing or the other against Ngozi. The more the incompetence of kemi was glaring, the more they blamed Ngozi. Nigerians got tired of the blame game.

So we look at the two ministers, though it inappropriate to compare they two, because the world has seen that Kimi is not match but let's see.

While Nogizi believed in saving, kemi believes so much in borrowing, not even for infrastructure, but to fund those who blackmailed her in government.

Ngozi cancelled our debt, Kemi increased.

While nothing was found on Ngozi, kemi was alleged caught in yahoo, sorry forgery.

While 'coz I keeps rising to fame as the first African on Twitter board, kemi can be said to be the first African finance minister to forge certificate.

So it's like one minister rose to FAME while, another sunk in SHAME.

Can any international organization, employ kemi adeosun with a record of forgery and obtaining by false pretence?

Nigerians can tell the difference from the economy handled by both.

While oshiomole and APC kept raising false allegations against Ngozi in Nigeria, the international community kept promoting her.

But they kept protecting kemi, but it's obvious that they international community have their own method of measuring competition and integrity.


Hope the polytechnic she went to abroad won't revoke her certificate.

[/s]

vedaxcool:
Nigeria’s total debt stock has again risen to a very high level of N10.4 trillion as at June 2014. The rising debt profile of the country is made up of external debt stock of N1.46 trillion ($9.377 billion),[color=#990000][/color] Federal Government domestic debt of N7.421 trillion ($47.653billion).

States in the federation have a domestic debt stock of N1.551 trillion or $9.963 billion. The Federal Government’s share of the rising external debt stands at $6.363 billion.

As at December 2013, however, the total stock of external debt was $8.821 billion indicating a rise of $556 million in the first half of 2014. But as at December 31, 2012 Federal Government’s external debt was $4.14 billion as against a total debt stock of both Federal and state governments of $6.5 billion.

A break-down of the rising debt profile showed that Federal Government’s external and domestic debts amounted to N8.8 trillion or $57.030 billion as at the end of June 2014. Federal Government borrowing from multilateral Institutions amounted to $3.826 billion while loans from bilateral sources mainly China Exim Bank and Eurobond amounted to $2.537 billion.

In the case of states, a total of $2.904 billion was sourced from multilateral institutions, $108.9 million was obtained as loans from bilateral sources, thus making the states’ total outstanding external debt as at June 2013 $3.013 billion.

Disclosing these facts in Abuja, Director General, Debt Management Office, Dr. Abraham Nwankwo said that although the debt profile had increased, he assured that the debt remained sustainable at a ratio of 12.51 to the Gross Domestic Product, GDP.

The D-G also said that the managers of the nation’s debt would apply more caution in further borrowings in order not to run into the crisis of debt overhang, which the nation once suffered.

His words: “The sovereign debt is doing well. Currently our total sovereign domestic debt for both Federal and states and the FCT is about N8.9 trillion and external debt is about $9.38 billion.

“Our current debt/GDP ratio is about 12.51 per cent which is much lower than the 56 per cent total public to GDP for countries of Nigeria’s group.

However, this is not an indication that Nigeria can afford to borrow without caution. In spite of the re-basing which means we have more capacity to borrow, we are not going to borrow without caution. In fact, we are going to be more cautious, especially because our tax-GDP ratio is low. Many economic agents do not pay their taxes.”

Eurobond

Dr. Nwankwo said that the Eurobond initiative which commenced in 2011 with the floating of the $500 million Eurobond has positively changed the profiles of Nigerian corporate organisations and their ability to raise long-term funds from the international capital market.

The Federal Government raised additional $1 billion from the international capital market in 2013 following which several Nigerian firms, especially banks have also gone to the international capital market to raise funds for their operations.

According to him, six companies issued nine bonds within the last one year, from which about $3.4 billion was raised. The DMO boss said his team would ensure that the funds raised from the capital markets both at home and outside were utilised profitably in the interest of the nation’s economy.

The D-G disclosed that the funds raised from the Eurobond had been deployed to very critical sectors of the economy, requiring urgent financing to boost the economy, especially, the electricity power, agriculture, solid minerals and the dualisation of the Airport and Kubwa Roads in Abuja.

Dr. Nwankwo said that his team has managed the nation’s debt in line with the national priority needs.

with a view to creating full values funds borrowed in order to ensure maximum benefits to the economy.

His words, “we have tailored the nation’s debt management in accordance with our peculiarities. We have used debt management to leverage development of the private sector and it has helped them to raise money to boost the real sector such as manufacturing, solid minerals, agriculture and electricity power supply.

“We have to develop the capital market to develop long-term debt instrument such that rather than what the banks have been used to in terms of given out 91 day loans, we now have debt instruments of up to 20 years. We have made it possible for the companies to float their own bonds in the domestic market such that between 2005 and 2013, 23 companies raised N223 billion which was evidence that that aspect of the transformation agenda of the President Goodluck Jonathan is working.

“The implication is that with operators in the real sector of the economy being able to raise long-term funds, they can expand their businesses, increase productivity and create more jobs, across the country, on a sustainable basis”.

Dr. Nwankwo said that great opportunities had opened to the Nigerian public and appealed to those creating violence and instability to have a re-think.

In his words, “we could have done better if the artificial distractions had been avoided. If we are lagging behind, we are the ones holding ourselves backward.”

Public should monitor funds’ utilisation

He explained that Nigerians should not policies nor resist state governors who want to access funds from the capital market in order to undertake development projects.

According to him the general public, especially civil society groups and the media, should rather insist on the building of institutional frameworks to guarantee the effective and efficient utilization of borrowed funds.

https://www.google.com.ng/amp/s/www.vanguardngr.com/2014/08/nigeria-sinks-deeper-external-debt/amp/

Funny how Okonjo due to lack of political will of GEJ led Nigeria back to borrowing not for infrastructure but for paying salary despite high oil earnings. This article was written in 2014.

Lalasticala mynd44

https://www.nairaland.com/4731212/how-gej-okonjo-took-nigeria

Okonjo after paying IMF an unscrupulous lending institution took us back to. Debt

vedaxcool:
[s][/s]



https://www.nairaland.com/4731212/how-gej-okonjo-took-nigeria

Okonjo after paying IMF an unscrupulous lending institution took us back to. Debt

Who did kemi pay go put is back in debt.

Everything about Kemi is fake. Her fake English intonation

[s]

mekaboy:


Who did kemi pay go put is back in debt.

[/s]

Do you accept your senseless thread has been roundly refuted?

vedaxcool:
[s][/s]



https://www.nairaland.com/4731212/how-gej-okonjo-took-nigeria

Okonjo after paying IMF an unscrupulous lending institution took us back to. Debt

Okonjo got Nigeria debt relief, what did Kemi offer? Fake Certificate. She borrowed $10 billion in all her stay, but within three years Auntie Kemi has borrowed $37 billion, by the end of 2023, Nigeria will be up for sale.

[s]

kernel001:



Okonjo got Nigeria debt relief, what did Kemi offer? Fake Certificate. She borrowed $10 billion in all her stay, but within three years Auntie Kemi has borrowed $37 billion, by the end of 2023, Nigeria will be up for sale.

[/s]

$10b in the midst of high oil prices. Abeg when do you plan to start thinking

Nobody should forget how one Sunday iwalaiye started a petition that Yale should withdraw Okonjo Iweala doctorate but was ignored by Yale.
the same disgrace they were cooking for NOI has come full circle to them.
I wonder if a microfinance bank will hire a certificate forger.

vedaxcool:
[s][/s]

$10b in the midst of high oil prices. Abeg when do you plan to start thinking

Wow! I like that question.
Ngozi came in when the crude oil price was within $16 to $24 per barrel, 1999, yet Nigeria was highly in debt. She brought debt relief and revamped the economy with $16 per crude, the world went into global recession, she stimulated our economy against the tide.

Kemi landed us into recession, while they was no global melt down. Ngozi held Nigeria in the face of global melt down.

vedaxcool:
[s][/s]

$10b in the midst of high oil prices. Abeg when do you plan to start thinking

She cancelled our debt and borrowed $10 billion, subtract that from the debt relief. Kemi did nothing but borrow.

Who knows how much she paid senators to keep her secret.

How many awards and appointments did NO I receive after she left Nigeria. Let's see how many kemi will get with her criminal minded activities.

[s]

kernel001:


Wow! I like that question.
Ngozi came in when the crude oil price was within $16 to $24 per barrel, yet Nigeria was highly in debt. She brought debt relief and revamped the economy with $16 per crude, the world went into global recession, she stimulated our economy against the tide.

Kemi landed us into recession, while they was no global melt down. Ngozi held Nigeria in the face of global melt down.

[/s]

The simple question is Okonjo racked up over $10 b despite having high oil prices to do what exactly?

[s]

mekaboy:


She cancelled our debt and borrowed $10 billion, subtract that from the debt relief. Kemi did nothing but borrow.

Who knows how much she paid senators to keep her secret.

How many awards and appointments did NO I receive after she left Nigeria. Let's see how many kemi will get with her criminal minded activities.

[/s]

Borrower over $10B which is external debt excluding domestic debts at a time of high oil prices to do what?

kernel001:


Wow! I like that question.
Ngozi came in when the crude oil price was within $16 to $24 per barrel, 1999, yet Nigeria was highly in debt. She brought debt relief and revamped the economy with $16 per crude, the world went into global recession, she stimulated our economy against the tide.

Kemi landed us into recession, while they was no global melt down. Ngozi held Nigeria in the face of global melt down.

Okonko Iweala was minister of Finance from 2003 to 2006, when she was removed from Finance to External affairs.

There was no global meltdown during Iweala's tenure, so learn history before you speak rubbish. Rather, she used a period of immense oil revenue that should have improved government savings to pile up debt and run down all government savings. Then later warn us that recession is coming.


Most of the $12b we paid back to Paris club was already saved up during the tenure of Mallam Adamu Ciroma, who was Finance Minister in Obasanjo's 1st term.

Okonjo Iweala has always been a spender and she did not save even 1kobo during her 4 year stint with the Johnathan administration from 2011 to 2015. Rather she increased the debt profile at a time Nigeria earned its highest revenue from oil.

In fact, because crude oil prices had only fallen below $60/barrel just 7months after it had been selling for over $100/barrel since her tenure with the Johnathan regime began in 2011, yet she was already on a borrowing spree to the tune of N470 ($3b then) to pay February, March and April 2015 salaries as revealed by herself.


What did Okonjo Iweala do with all the oil revenue during her tenure when our oil income was 51% of all the oil revenue Nigeria had earned since 1956?

How did our Foreign Reserves drop from $47b in 2010 to $29b/30b in 2015, despite earning more from oil which accounts for over 90% of our foreign reserves, when compared to what was earned by the previous governments of OBJ and Yar'Adua who were able to save more with oil selling at half the price that it sold under Jonathan.

How come the Jonathan government when Iweala was minister of Finance, did not pay the FG share of counterpart funding for JV oil projects totalling over $5b? This resulted in many planned oil development projects being abandoned by the oil firms and leading to lots of job losses in the oil industry and support industries from late 2014 onwards when the oil price crises began gathering storm.

So with Okonjo Iweala during the Jonathan regime, we did not save, we did not pay FG share of counterpart funding, we did not invest in diversifying our economy, we bought 2nd hand trains and overpriced and malfunctioning military equipment, we gave import waivers to government cronies, we over bloated our oil subsidy scheme, we ran down the foreign reserves and all other government savings, she made withdrawals from ECA without approval from FAAC and is on record to have lied about it so many times before finally admitting when Gov Adams Oshiomhole will not let her tell lies peacefully, we borrowed so much, then equipped the blessed ATM Dasuki to be vending out unbudgeted security funds without requiring security PIN.

Embarrassingly, she as Finance Minister had no idea that the NNPC was short changing the FG, and only woke up to her responsibilities when the CBN governor made allegations that about $20b that should accrue to the federal purse from oil sales is missing. Only then did Okonjo Iweala come up with her own calculations that indeed money that should accrue did not, but it was a lesser amount of $10b.

Imagine a Finance Minister who had no clue of missing government revenue. What then was the benefit of her superior education?


All of these were done without any tangible infrastructure to show for all the money spent. Except casual warnings of an impending recession by the very person who should have worked a solution.

That was Okonjo Iweala's legacy as Finance Minister from 2011 - 2015.

NOI is not match with Kemi, yet she Acted UNPROFESSIONAL, supervising LOOTING of our treasury. BRIBING National Assembly to pass budget, giving waiver to elitet and so on.
Kemis case is a blackmail, instead of telling her early that her certificate is not genuine, they allow her in, only to use back door through on line news to push her out, she perform better than NOI.

mekaboy:


She cancelled our debt and borrowed $10 billion, subtract that from the debt relief. Kemi did nothing but borrow.

Who knows how much she paid senators to keep her secret.

How many awards and appointments did NO I receive after she left Nigeria. Let's see how many kemi will get with her criminal minded activities.

NOI was a BAD finacial manager, she supervised the worst LOOTING and Bribing NASS to pass budget. Under her watch, Nigeria BORROW to pay SALARIES, under her watch, NNPC refused to remmit USD 50bn and so on, she acted professionally outside tje shores of Nig, but here she acted like SALES GIRL！
Rubbish
Kemi kudos！

kernel001:


Wow! I like that question.
Ngozi came in when the crude oil price was within $16 to $24 per barrel, 1999, yet Nigeria was highly in debt. She brought debt relief and revamped the economy with $16 per crude, the world went into global recession, she stimulated our economy against the tide.

Kemi landed us into recession, while they was no global melt down. Ngozi held Nigeria in the face of global melt down.

Global Economic Melt Down was during Yaradua regime, 2008. Was she the minster then？The USD 10bn she borrowed wasnt it for SALARIES？Is it wise to borrow for salaries？

godox2:


NOI was a BAD finacial manager, she supervised the worst LOOTING and Bribing NASS to pass budget. Under her watch, Nigeria BORROW to pay SALARIES, under her watch, NNPC refused to remmit USD 50bn and so on, she acted professionally outside tje shores of Nig, but here she acted like SALES GIRL！
Rubbish
Kemi kudos！

She did all this and the opposition APC has found nothing on her, and their own kemi was caught in the act. Lol

Some Oando Plc shareholders on Sunday demanded the immediate sack of the Minister of Finance, Kemi Adeosun, accusing her of “unwholesome interference in the smooth operation of the capital market.”

The aggrieved investors also accused Mrs Adeosun of meddling with the functions of the Securities & Exchange Commission (SEC), causing “severe damage to the capital market.”

https://www.premiumtimesng.com/news/headlines/265072-oando-shareholders-want-adeosun-sacked.html

Kemis criminal oluwale activities did not start today. She is doomed career wise. Nobody can even employ her as a sales girl.

godox2:


Global Economic Melt Down was during Yaradua regime, 2008. Was she the minster then？The USD 10bn she borrowed wasnt it for SALARIES？Is it wise to borrow for salaries？

Which is wiser? Kemi borrowed more for unseen projects, if you know one, mention it.

kernel001:


Wow! I like that question.
Ngozi came in when the crude oil price was within $16 to $24 per barrel, 1999, yet Nigeria was highly in debt. She brought debt relief and revamped the economy with $16 per crude, the world went into global recession, she stimulated our economy against the tide.

Kemi landed us into recession, while they was no global melt down. Ngozi held Nigeria in the face of global melt down.

My friend, check your facts before advertising your ignorance online.
Ngozi first became minister in 2003 -2006 and price of crude was between 30$ - 65$.

During the global financial meltdown 2008/09, Ngozi was no where close to Nigeria's treasury else, it would have been a disaster... The actors then were Sanusi Lamido(CBN gov) and Shamsudeen Usman (Min of finance).... She was later called to serve (Supervise the highest loot of the nations resources in history) between 2010-2015 when oil price was at an all time high. You can please check Nigeria's debt profile for that period.

Oya , thank me