Diligence:

Ka ayi Tigbue! Zogbue!! Ligbue Regions: SW, NW, NE, NC

Bia Dozie Regions: SE & SS

But Why??

Rhino.5dm:

I like this woman. Thank God she is from south south.

igbo boy:

Juo Ndi no' na Abuja

jampro123:

Let us think of it my people the solution to Nigerian problem does not need an IVY educated whiz kid. We have the polices but we lack the execution because of what? I wiill tell you my people CORRUPTION and GREED. We can bring the present IMF director or even Gordon Brown. You know what they cannot deliever at all because first we dont have a system and also there is so much graft in the system called governance in Nigeria.I listened to Okonjo Iwealla yesterday, all she said we already know them. Who does not know we need power to drive this economy, who does not know that we are running an over bloated government. Tell me who among us here does not know all these? First and foremost we need to cut the cost of this government. Look at Britain the run a parlimentary system of government and this has proved to be cost effective. Also in that same Britain the run a welfare system type of government yeah I know you will say taxes are high there but we all see what the tax money is been used for. In Nigeria there is alot of waste even in our own private homes and lives we waste alot. We dont believe in planning as a result of greed which is borne out of no one having that feeling that Nigeria must be strong. I happen to live in Douala now and it pains me when I look at the way they have light for 24/7/365 in a year. I begin to wonder these people dont have any Bath Nnaji or Ngozi Iwealla. All we need in Nigeria is to copy the Asian system after all kalu Idika Kalu was the one who guide South Korea to what it is today through their IMF/World bank loan repayment schedule. So you see it is not a matter of having Whiz kids in government but a matter of stopping wasteages and corruption in our system. We must show we love Nigeria and want to make her great again.

NGOZI : ISLAMIC BANKING IS OK!
Former Finance minister Ngozi Okonjo-Iweala yesterday urged opponents of non-interest Islamic banking in the country to dispassionately understand the idea, which she said is simply another form of banking that is functioning well in other countries.
Okonjo-Iweala, a managing director at World Bank and now minister-designate, spoke while fielding questions from senators at the Senate in Abuja during the confirmation hearing for ministerial nominees.


She said Islamic banking system is being adopted by many countries in the world and that it can function well along with other forms of banking that exist in Nigeria.

“On the issue of Islamic banking, I will say we should look at it without a lot of emotion. I think that as far as I understand it and again it is a question that posed to the Central Bank Governor who proposed it, to my opinion it is another form of banking, where instead of charging interest, the people who take loans from this system share in the profits of the bank,” she said.

“It is just another way to give certain people of the world population who have difficulties with the notion of interests a way to participate in the banking system without having to deal with that issue of interest payment. But there are commissions charged within this system, there are service charges and there is profit sharing.

“I think what we need what we need to do is to unpack what this system is about and try to understand it. When we can look at it dispassionately, it is another form of banking and hopefully, in many countries of the world that are increasingly opening up this type of non-interest charge. From the evidence, I think it’s good to look at actual implementation in those countries, it seems to be functioning relatively well alongside other forms of banking. I will leave that there.”

On the proposed limit to cash withdrawals by the CBN in its drive to attain a cashless society, Okonjo-Iweala said though it is a good idea and in line with global practices, there is need for caution in its implementation.

“I would also be a little careful because it might have the opposite effect. If you implement a minimum or a maximum withdrawal limit, people will decide to keep money under their mattresses and not put them in the bank because they will think they will not be able to withdraw them,” she said. “We have to go about it carefully, I like the objective as they said of moving towards a cashless society, but I think we should implement it with deliberation.”

Commenting on the issue of removal of fuel subsidy, Okonjo-Iweala proposed a partial removal of subsidy as it relates to those that can afford the commodities being subsidised.

“I don’t think the issue of subsidy is an ideological one. The problem is we subsidise for both those that are rich that can do without subsidy and the poor people that really need it. Having a generalised subsidy such as we have is not the right thing to do. We have to find a way to subsidise only for those that need it,” she said.

Okonjo-Iweala gave an indication that she could once again dump the ministerial job like she did under former President Olusegun Obasanjo should the circumstances become unfavourable.

She said, “I served the country for about three years and when I determined that I could no longer perform and give to the country the way that I would want I resigned, which is the honourable thing to do. So I did not runaway. When the circumstances are appropriate to serve you serve and if they are not appropriate you go and do something else.”

The former minister who may be re-assigned the Finance ministry promised to contribute to the much needed economic growth of the country by working selflessly to achieve the targets.

Pafuri:

I beg to differ. NON-INTEREST Banking should be sweet music to anyone's hear. But these folks are religious bigots so much that the only thing they are hearing is ISLAMIC, because a bigot like them chose to call it that. You would wish that Nigerian lawmakers would read a little bit. Me I fear o.

to my opinion it is another form of banking, where instead of charging interest, the people who take loans from this system share in the profits of the bank,” she said.

Let us think of it my people the solution to Nigerian problem does not need an IVY educated whiz kid. We have the polices but we lack the execution because of what? I wiill tell you my people CORRUPTION and GREED. We can bring the present IMF director or even Gordon Brown. You know what they cannot deliever at all because first we dont have a system and also there is so much graft in the system called governance in Nigeria.I listened to Okonjo Iwealla yesterday, all she said we already know them. Who does not know we need power to drive this economy, who does not know that we are running an over bloated government. Tell me who among us here does not know all these? First and foremost we need to cut the cost of this government. Look at Britain the run a parlimentary system of government and this has proved to be cost effective. Also in that same Britain the run a welfare system type of government yeah I know you will say taxes are high there but we all see what the tax money is been used for. In Nigeria there is alot of waste even in our own private homes and lives we waste alot. We dont believe in planning as a result of greed which is borne out of no one having that feeling that Nigeria must be strong. I happen to live in Douala now and it pains me when I look at the way they have light for 24/7/365 in a year. I begin to wonder these people dont have any Bath Nnaji or  Ngozi Iwealla. All we need in Nigeria is to copy the Asian system after all kalu Idika Kalu was the one who guide South Korea to what it is today through their IMF/World bank loan repayment schedule. So you see it is not a matter of having Whiz kids in government but a matter of stopping wasteages and corruption in our system. We must show we love Nigeria and want to make her great again.

@jampro123,  Well said. bro, all ds jumping up and down cos of Ngozu is like Enugu Rangers FC signing Messi to play with the rest of the half baked crooked team.

I pray she is allowed to do her work/wek, but I have my doubts

We too dey bow 4 Cambridge this, Harvard that 4 Nija, when Nigeria was running well, how many of them go these IVY league schools.

All the BRIC nations even Ghana, Dubai and co are not run by IVY league people,  we need to solve our basic problems inwards,

I have nothing againt IVY league, but our dependent on them is so embarassing,

Food 4 Thought. address The Fundermentals and the micro issue or else , na story again oooo

@ multibabe  says: she as always been a pride to African women, i just hope they(PDP) will not corrupt  and politicise her 

Quote

to my opinion it is another form of banking, where instead of charging interest, the people who take loans from this system share in the profits of the bank,” she said.

Would someone be kind enough to explain what Ngozi means by the statement above? How can people who obtain loans from the bank share in the bank's profits? Why should a person obtain a no-interest loan, use the money for his own benefit and then turn arround and share in the bank's profit?

I heard her make the statement on TV. My question is, was madam on Ogogoro when she made that statement?

jampro123:

Let us think of it my people the solution to Nigerian problem does not need an IVY educated whiz kid. We have the polices but we lack the execution because of what?,

kepsi123:

Re: Ngozi Really Lectured The Senators, Now Confirmed A Minister
« #63 on: Today at 01:20:44 AM »

The Ibos, who are found not only in SE but also in Delta & Rivers are, v talented
Through marriage they are colonizing the Imokes, Akpabios, Objs etc
They are the unseen hands in majority of facets booming here
,

This is my first post to naira land. Just registered after reading through most comments. I need to commend all members who post intelligent comments and allow the rest of us to benefit from in one way or another to their wealth of experience. I also need to highlight empty-headed bigot like the fellow whose comments appear above. Colonize Cross riverians and Akwa ibomites? Give me a break. Sorry to disappoint you but it will take aeons for your state to get to the level of CRS in terms of standard of living. Same way of thinking changed the outcome of the civil war. Please in the name God of stop exhibit this appalling sense of ignorance. There are intelligent people out there who are reading. If you need someone to rant against do the normal Yoruba and Hausa you are obsessed with. Leave Akwa-Cross alone. We will never degenerate to this level.

Rhino.5dm:

I like this woman. Thank God she is from south south.

fxtopedia:

Congrats madam!
To those that want die of ''tribalism'' kindly hug transformer.

She is a Nigerian simple.

enyojo:

^ I will rather thank God she is a NIGERIAN

_{but if she misyarn or underperform dis time, I'd be d first to deny her!}