NGpatriot:
It beats me why they praise their useless and incompetent people, especially okonjo who colluded with Jona to steal our security fund and gave it to Dasuki to share with their cronies.

Okonjo and Jona were practically borrowing hundreds of billions every month to pay salary up a few days before PMB.

When oil was selling for $77, okonjo declared austerity measures, imagine her action with oil selling for $27, probable auction off Nigeria.

SA's economy is inside trash, they are in a recession while Nigeria's economy is full steam ahead as the largest economy in Africa.

SA can have that useless and incompetent woman, she can teach them how to steal money for sharing, she can teach them how not to diversify and instead declare austerity.

Good riddance.

AppDevt:



How much was dollar when she was there ?
The economy was very good , people were not starving ; she worked hand in hand with minister of agriculture,


I will say only 3 of her legacies , she had over 50

Mrs Ngozi started the Sovereign Wealth Fund, a company she put 1 billion dollars and got Nigerians from Havard to run it as a profitable venture for “ future generations “

They call it Future generations savings . The place is still run well and in Abuja . This government has borrowed money from there .

She brought “you win “ to encourage young entrepreneurs and was on merit . So many hi bless youths with great ideas were given seed funding and were monitored very well from start to finish .

She kept saying we should save , but the governors headed by Oshiomhole took her to court saying “ they want to share the money” , and they kept sharing the excess crude funds against her wish .

seunmsg:


What the current minister has achieved is not the subject of this thread. This thread is about Ngozi Okonjo Iweala and her audio appointment as head of South Africa economic advisory council. That woman couldn’t achieve anything as head of economic management team when there was an unprecedented boom in the price of crude oil, it will be a disaster bringing her back to manage our economy at this point in time. Kemi Adosun took us out of recession, Ngozi should help SA out of their recession.

NGpatriot:






By the time the useless woman left office, she's trashed our economy so bad that she was borrowing hundreds of billions every month to pay FG worker's salary.

Sad..

NGpatriot:
It beats me why they praise their useless and incompetent people, especially okonjo who colluded with Jona to steal our security fund and gave it to Dasuki to share with their cronies.

Okonjo and Jona were practically borrowing hundreds of billions every month to pay salary up a few days before PMB.

When oil was selling for $77, okonjo declared austerity measures, imagine her action with oil selling for $27, probable auction off Nigeria.

SA's economy is inside trash, they are in a recession while Nigeria's economy is full steam ahead as the largest economy in Africa.

SA can have that useless and incompetent woman, she can teach them how to steal money for sharing, she can teach them how not to diversify and instead declare austerity.

Good riddance.

useurkidney3121:
Good one madam Ngozi,
Buhari crooners will not like this,
Moral of d story: Always appreciate what u have.

edoairways:

Was there recession in the first place? There have been argument by some economist on whether Nigeria had recession. Some are of the opinion that the country neither had it since they were skeptical about it

SpecialAdviser:
Great. I really wished Buhari swallowed the humble pie and appointed this woman into his cabinet.

Everything cannot be politics of bitterness. Good people that can help your government should be considered irrespective of party affiliation.

0m0nnakoda:


We entered recession BECAUSE of oil prices.
Do not mix it up.

Manufacturing was never that big a contributor to growth.

Oil prices are important in Nigeria because government spending is the largest single driver of GDp and government borrowing determines interest
The oil price crash IMMEDIATELY impacted exchange rates and produced sharp inflation as a consequence.
Nigeria has always been a major importer so you manufacturing theory makes no sense.
What changed in the manufacturing sector in 2015 that was not happening in 2014 or 2013?

DModeCntStopMe:


Woman of substance!

This is the calibre of personalities that should in govt

But because of the nepotistic inherit nature of the dictator cum jihadist, bright minds like madam Iweala have been sidelined

Names like mungono, kyari, karu, etc...are what we see in every position, folks whose speciality and expertise are needed in anything that has to do with cows

God bless you our darling mummy.

Keep waxing strong ma, while the shithole keeps retrogressing

CSTR2:

You bought bag of rice for N18000.
That is what Ngozi did.

That is economics 101 for dullards.

johnmartus:
She put Nigeria in to a recession then. The evil being called okonjo iwella continue working for whites to make Africa country poor.

Tmb78:
My dear,don't mind the bigots.
Let them continue typing trash like they have acute amnesia.

APCNig:


Appreciate money spender. Zero infrastructure, zero development but Diezani, Mama Peace, James Ibori, Asari Dokuboh, Tom Ateke, Donald Duke, Genga Daniel and others became billionaires. Never again will executive criminals like Ngozi Okonjo-Iwealla get near our treasury. She ran our Economy into recession, but Kemi Adeosun brought our Economy out of recession.

Anaedo1:


Hahahahaha.. The Lagos Ibadan press will always show themselves but unfortunately the world knows the truth..

Ausrichie:

Gbam tell the boy. Buhari just tried everything he could to frustrate and remove Kemi but she dey high levels while we are here borrowing 22billion make dem kukuma borrow 1trillion na.

INTEGRITYA1:
Ramaphosa must have invited her for the advice on their Economy.

Righteousness89:
We don't value our own! So others make use of them

gwafaeziokwu:


When the global crude oil prices dropped, the forex reserves also dropped due to over reliance on the sector, but the nation failed to devalue its currency which led to the shortage of forex earnings to fund imports. This, however, made investors struggle to get forex for their imports.



Given that the nation could not explore other investment opportunities for the production sustainability of the economy, the FPI and FDI investors got frustrated over the shortage of foreign exchange to pay for raw materials and machines, so they eventually left the market. When that happened, the value of production, which is the major function of GDP, began to fall.

The investors who decided to stay had to pay significantly more for these imports because of the high cost of production materials.

No doubt, the ripple effects of this which include, 2-digit inflation rate – cost-push inflation – which has developed immunity against the central bank’s monetary policy rates and soaring unemployment rate is evident in Nigeria’s economy today.



Since then, the economy has witnessed a hiccup in its production capacity, thereby causing a steady drop in GDP. The economy recorded negative growth in the first quarter of 2016, which led the economy into recession for the first time since a full-year recession in 1987.

Apparently, the reason for the recession was not of the fall in oil prices or poor saving culture as many perceived, but by the lack of sound economic policy to create alternative foreign exchange earnings such as the non-oil exports.


This is the cause of the 2016 recession. Our manufacturing sector was dead therfore we rely on imports. When you deny the few manufacturing guys the necessary foreign exchange to thrive then you are looking for trouble.

NGpatriot:
It beats me why they praise their useless and incompetent people, especially okonjo who colluded with Jona to steal our security fund and gave it to Dasuki to share with their cronies.

Okonjo and Jona were practically borrowing hundreds of billions every month to pay salary up a few days before PMB.

When oil was selling for $77, okonjo declared austerity measures, imagine her action with oil selling for $27, probable auction off Nigeria.

SA's economy is inside trash, they are in a recession while Nigeria's economy is full steam ahead as the largest economy in Africa.

SA can have that useless and incompetent woman, she can teach them how to steal money for sharing, she can teach them how not to diversify and instead declare austerity.

Good riddance.

0m0nnakoda:

She had 4 years and failed to prepare unlike the biblical Joseph in Egypt.

The reason for recession was over reliance on oil.
Do not deceive yourself
She failed to diversify the economy or give useful advice on how to prepare.

She did not save and passed the buck to governors for claiming what was rightly theirs.
54 % of the Excess Crude Account belongs to the Federal Government.
Why did she spend that without appropriation? Did the governors force her to spend the FG share?


The reality is she was a failure

Bragalane:


This is how MY bigoted father hated the IGBO tribe till he perished like the wretched soul that he is, I have decided to thread his path n I can't wait to see MY unborn generation's wail of sorrow agony n anguish when I perish in likely manner soon.

AppDevt:



She is board of directors of so many American companies ; Twitter etc, she is a consultant to many countries ,

The present AFDB president says “she is a jewel for Africa”

She is gold

gwafaeziokwu:


Subjective reasoning. Her competence drives you crazy that I could see. Oil prices started falling since 2014 but she held the economy together,because she was an expert. She never denied investors and manufacturers the needed foreign exchange to boost the non oil sector which is the only cushion to the dwindling oil revenues.

She wisely did not create a panic in the financial market in order not to scare off investors. That was her role as the minister.

Her YOUWIN programme was modelled after German small scale industrial growth. She identified cottage industries as the only remedy to our shortcomings in manufacturing sectors. You train 100 people, 100 train 1000, 1000 train 1,000,000 etc. Today all around me I see the ripple effect of that programme everyday. Unemployed women who now manufacture Liquid soap, disinfectants, chocolate beverages, handcrafted hats and fascinators, bags, shoes, etc.

Cottage industries running in homes!!

Buhari had only one job; to sustain this economic model and block any loophole occasion by corruption. Instead he threw it out of the window and replaced it with a socialist Npower that only grant temporary relief but is economically non sustainable in the long run.

NGpatriot:



Look at this one, who cares whose board she's on? She can be on the board on the moon as long as that incompetent and money diverting woman is not anywhere near our money and our economy.


They can keep her..