Onetime Minister of Finance and Coordinating Minister of the Economy, Ngozi Okonjo-Iweala, has said governors were the reason former President, Goodluck Jonathan could not save for the future.
Okonjo-Iweala in an interview with an International Magazine, Le Monde said “some economists are very concerned for Nigeria, which could greatly suffer from the fall in oil prices. Others say the contrary, that its economy is strong enough to turn the corner.

“Both are right. But one thing saddens me. When I was finance minister the first time, the volatility of oil prices, and therefore state resources, cost at least three points of growth in the country.
“We then established a stabilisation mechanism and opened an account for the oil surplus, which posted up to $22 billion. In 2008, when prices fell from 148 to $38 a barrel, no one had heard of Nigeria because the country was able to tap into this fund. And that, I am very proud [of].

“When I returned to the department in 2011, there remained only $4 billion on this account while the price of oil was very high! I tried again to put money aside. The president agreed, but the governors did not accept.

“I suffered a lot of attacks from them and now that the country would really need this account, these same people accuse me of not having saved. If Nigeria had been more careful, we would not be here today. It hurts me. We have the mechanism, we had the experience, but we were prevented to act.”

Source: DAILYPOST
http://dailypost.ng/2016/04/07/why-jonathan-did-not-save-okonjo-iweala/

Oya, where is Adams Oshomoile ? Over to you

Yes I think I remember when some journalists from Lagos were asking why we should save when we had many things that could be done with money. Tha Nation and Punch newspapers were saying that Okonjo Iweala was saving money in switz Bank when we could invest such money in Agriculture. Oshiomole also said something similar to that.

You and the president agreed, the governors did not.. So you both did what?
I thought he was the president....

Under jonathan., we had a president with sense but no will to act but now we have a president without sense but with a will act..

Sooner or later, we will know the full truth!!

The earlier we tap some knowledge from ngozi the better for us, we can't have experts and give them bad name only to be struggling with this akawo finance minister .

Supreme _stupidity made only in nigeria! Where a "president and a finance minister" go dey fear to act in the best interests of their country because of the dry raking and misguided interests of a bunch of "governors?"


Na wa oh!