trueword:

It is not the Finance Minister's job to manage the inflation rate. That is the role of the Central Bank through monetary policy.

beauty.nig:

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Olusegun Aganga, Nigeria’s former finance minister, took up a new position today as trade and investment minister in President Goodluck Jonathan’s Cabinet, the ministry said in an e-mailed statement.
Aganga’s job at the new ministry is to attract private investment to help grow the economy of Africa’s most populous country of more than 150 million people, according to the statement.

http://www.bloomberg.com/news/2011-07-11/nigerian-president-jonathan-makes-aganga-trade-and-investment-minister.html

I'm betting on him to flop again. I have no faith in this fellow, he made some schoolboy errors on his last appointment. Well, you would not expect much more from someone with a degree in Biological Sciences and Theology

Well, you would not expect much more from someone with a degree in Biological Sciences and Theology

@ 2bosun That's not a nice thing to say about those disciplines, whats wrong with a degree in Biological Sciences and Theology, the fella made it to the top @ Investment Bank, which means he has substance but might not have the where with all to handle a complex country like Nigeria and the polity of a Political setting, thats haba,

The Guy goofed @ the senate hearing, yes he did, but hey, the fella was Finance Minister during an election. (the most pressured situation), you think its that easy to say NO to PDP when they come up with all their mago mago we need money within the system for this and that,

You have to be able to play the game smartly and diplomatically, that is another area Aganga failed in,

Apart from that our finances are not that complex to run, trust me,  we make it look like rocket science, its not,

CUT CORRUPTION, REDUCE OVERHEADS WITHIN THE CENTRE/SLASH RED TAPE and BUREAUCRATIC.OFFICES, LASTLY ENCOURAGE AND GENUINELY BOOST SME'S  (Small Medium Enterprise -THE DRIVERS OF A DEVELOPING NATION) AND NOT JUST with lip service attention/uncontrolled seminars and presentations,  simple AS

Even a 2nd year Economics graduate can offer that advice , without batting an eyelid.

An Okonjo Iweala situation, is not really a jump up and dance alleluia  solution in my opinion, if we dont fix all the above ,she will be working 4 steps forward and 3 steps backwards, till her tenure runs out.

The World Bank runs itself, whether you have an expert at the helm of the affairs or not Harvard or Not, so I don't see why the party over Okonjo is all about,  Okonjo was purely administrative, if you follow her career path,

That's why in her last stint, it was always PowerPoint Presentations, session after session, was in a few of them and I thought, madam, I've seen this b4, we need the basics, simplified that will impact the lives of people on a daily basis, no need for IMF to tell us that we are going to
grow 1, 3 or 5 % this year, we know the things to do, if we do them right, we will grow, and we have the population factor on our side as a plus

GOD help us,

In fact my fear is that she does not follow what the are taught @ Harvard + IMF + Worl Bank, to the letter,  "Deliver more countries into our hands for the bondage to contuinue, or we make the markets difficult for you to survive in, 

Shame we do more imports than export so we have nothing to brag with like China or Japan, what can we flood the market with as a bargaining chip,  Dangotes Cement, or Noodles,  LOL,

Goodluck to both Okonjo and Aganga, cos their roles are very important in shaping out future,  May the vultures in Aso allow them to function.right, AMEN

ideylaff:


@ 2bosun T[b]hat's not a nice thing to say about those disciplines, whats wrong with a degree in Biological Sciences and Theology[/b], the fella made it to the top @ Investment Bank, which means he has substance but might not have the where with all to handle a complex country like Nigeria and the polity of a Political setting, thats haba,

The Guy goofed @ the senate hearing, yes he did, but hey, the fella was Finance Minister during an election. (the most pressured situation), you think its that easy to say NO to PDP when they come up with all their mago mago we need money within the system for this and that,

You have to be able to play the game smartly and diplomatically, that is another area Aganga failed in,

Apart from that our finances are not that complex to run, trust me,  we make it look like rocket science, its not,

CUT CORRUPTION, REDUCE OVERHEADS WITHIN THE CENTRE/SLASH RED TAPE and BUREAUCRATIC.OFFICES, LASTLY ENCOURAGE AND GENUINELY BOOST SME'S  (Small Medium Enterprise -THE DRIVERS OF A DEVELOPING NATION) AND NOT JUST with lip service attention/uncontrolled seminars and presentations,  simple AS

Even a 2nd year Economics graduate can offer that advice , without batting an eyelid.

An Okonjo Iweala situation, is not really a jump up and dance alleluia  solution in my opinion, if we dont fix all the above ,she will be working 4 steps forward and 3 steps backwards, till her tenure runs out.

The World Bank runs itself, whether you have an expert at the helm of the affairs or not Harvard or Not, so I don't see why the party over Okonjo is all about,  Okonjo was purely administrative, if you follow her career path,

That's why in her last stint, it was always PowerPoint Presentations, session after session, was in a few of them and I thought, madam, I've seen this b4, we need the basics, simplified that will impact the lives of people on a daily basis, no need for IMF to tell us that we are going to
grow 1, 3 or 5 % this year, we know the things to do, if we do them right, we will grow, and we have the population factor on our side as a plus

GOD help us,

In fact my fear is that she does not follow what the are taught @ Harvard + IMF + Worl Bank, to the letter,  "Deliver more countries into our hands for the bondage to contuinue, or we make the markets difficult for you to survive in, 

Shame we do more imports than export so we have nothing to brag with like China or Japan, what can we flood the market with as a bargaining chip,  Dangotes Cement, or Noodles,  LOL,

Goodluck to both Okonjo and Aganga, cos their roles are very important in shaping out future,  May the vultures in Aso allow them to function.right, AMEN

2bosun:


Lastly, no matter how "talented" Ngozi is, if she fails to deal with fiscal policy, she will NEVER succeed on the job. She did during her last term, which is why I have more faith in her.

PapaBrowne:

Powerful!! Perfect fitting!! Now he can find a way to channel all that Goldman Sachs billions down here to fix our infrastructure!! If you understand how much is waiting outside to be channeled into PPPs and other project developments, you would love this new ministry!!
It is just right! It is for reasons like these I voted Jonathan!!
The $500 million Bond was a first in in series of many many more!!

Laajman:

PapaBrowne and Ideylaff have made excellent points.

While it is great to have round pegs in rounds holes, a lot of their success would depend on their willpower, as well as GEJ's, to take bold steps.
The type Sanusi has taken- whether we agree with it or not is a completely different argument.

I'm hoping Aganga would succeed in his new role. Let's give him some credit. Its easy to just sit in front of your computer and just criticize people.
I'd expect him to do a terrific job with the Sovereign Wealth Fund, and streamline Govt policies to make Nigeria more attractive for FDI.
In fact, he could have make a larger impact in this ministry as opposed to the finance ministry.

I don't imagine it is easy to make a difference in Nigeria's Public Service.
There are too many factors working against you from day 1 - from the corrupt and inept civil servants, to powerful persons who have vested interests and access to Aso Rock.

PapaBrowne and Ideylaff just like chatting about things they dont
have any intricate knowledge off,

If these guys had the chance they be licking my Former Boss "Lloyd Blankfein" shoes, !

LOL>>> Mr GS   , @ martinosi if you may want to know, I consulted for

Henry Paulson who happened to precede you former boss, as Chairman CEO of GS,

I have worked on numerous processes and units with GS on a Private consultancy basis, for over
18 years, + , They payed me,  I was not an employee like you, so we see things both from inside and from outside, 

Even if you dont want to take our advice on board, no need to rubbish us and now brag about GS, LOL,

Is that OK boss. FYI, i did not only consult for GS, I did for the Top 10 Investment banks, and also for 5 Central banks in Europe,

Also had a stint with Okonjo Iweala, but the vultures in the polity wont let things work, so I have pride and dignity, intact,

which entity or unit in GS u work for self, just joking bro, i take your point on board as well,

I don't know whether to laugh or cry.

nor cry ooo,

if I may ask what is about to make u laugh or cry,

2bosun:

That is true but you cannot under-estimate the influence of the Finance Minister's position on the economy. The Finance minister works together with the CBN to create policies that move the economy forward. May I remind you also that he was the Chairman of the much trumpeted economic team (NEMT), which also had the CBN governor on board. He had his chances to make a difference, he simply couldn't.

We warned Ngozi Okonjo Iwealla not to take up appointment with no-good GEJ's govt, she didn't hear. Today she has fallen complete mugu of GEJ and PDP's magic. Finance Ministry has been split, GEJ created a new ministry called Trade & Investment Ministry which is overlapping the functions of Finance Ministry. Her powers checked and confined. Sorry we warned you that PDP govt cannot be trusted.