For those who do not know or remember, Kemi Adeosun was the Finance minister under Buhari immediately after he came into government. She did not come with all those Harvard qualifications or large international portfolio, she was a modest graduate of an average university in the UK, yet she was able to gradually steer the economy from a recession to a growth one. She came up with many policies that blocked loopholes, whistleblower policy, increase in the tax net, and many others.

She wasn't even a politician in the real sense of the world and did her work behind the scene as much as possible. When her government was busy criticizing her predecessor, Ngozi Iweala, she did not join them, she was even seen on camera discussing with her.

Very often she seemed to clash with the CBN governor on certain policies, now with the benefit of hindsight, one can now see that she was the one keeping the incompetent Emiefele in check.

After her exit, the CBN governor has so glaringly displaced his ignorance and even had the audacity to contest to be president even while still sitting on the chair as a CBN governor.
Adeola Adeosun should just go and regularized her NYSC certificate, I still believe she still has a role to still play in nation building

It is now very clear she was the unsung hero,

CC: lalasticlala, dominique, Mynd44

9jatriot:
For those who do not know or remember, Kemi Adeosun was the Finance minister under Buhari immediately after he came into government. She did not come with all those Harvard qualifications or large international portfolio, she was a modest graduate of an average university in the UK, yet she was able to gradually steer the economy from a recession to a growth one. She came up with many policies that blocked loopholes, whistleblower policy, increase in the tax net, and many others.

She wasn't even a politician in the real sense of the world and did her work behind the scene as much as possible. When her government was busy criticizing her predecessor, Ngozi Iweala, she did not join them, she was even seen on camera discussing with her.

Very often she seemed to clash with the CBN governor on certain policies, now with the benefit of hindsight, one can now see that she was the one keeping the incompetent Emiefele in check.

After her exit, the CBN governor has so glaringly displaced his ignorance and even had the audacity to contest to be president even while still sitting on the chair as a CBN governor.
Adeola Adeosun should just go and regularized her NYSC certificate, I still believe she still has a role to still play in nation building

It is now very clear she was the unsung hero,

That lady is a don oh, the Aboki there now na just northern figure Head

Nigerian economy was already in a mess when Adeosun was there.

Even Sanusi just said recently, that since 2015 and 2016 he was warning the government to depart from their economic trajectory as it would ruin the Nigerian economy.

Guess what? Adeosun was the finance minister in 2015-2016.

She is in the middle of the whole rot.

Osibanjo was also the chairman of the economic committee of the federation in the same period.

So both Adeosun and Osibanjo are neck-deep in the messed up economy that Nigeria now has

Was it up when she was around?

How come Ogun state needed bailout under Buhari but Anambra where Peter obi saved and invested did not need?

This is not in doubt, as early as 2012 the signs were already beginning to show, then by 2014 the cracks were already there, the point is, she was beginning to steer the economy away from those woes before she had to leave. No one is saying the economy was rosy at the time.

OfoIgbo:
[b]Nigerian economy was already in a mess [/b]when Adeosun was there.

Even Sanusi just said recently, that since 2015 and 2016 he was warning the government to depart from their economic trajectory as it would ruin the Nigerian economy.

Guess what? Adeosun was the finance minister in 2015-2016.

She is in the middle of the whole rot.

Osibanjo was also the chairman of the economic committee of the federation in the same period.

So both Adeosun and Osibanjo are neck-deep in the messed up economy that Nigeria now has

I wonder why people don't want to even mention how Emefiele and his poor policies have also helped to worsen the present economic condition of Nigeria.

It perhaps has got a tribal undertone cos we know how People constantly blamed Osinbajo as being in charge of Economy when in the real sense, there was gross limit to the economic decisions he can make.

Buhari ban this and that, buhari closed the border and that, Emefiele messed up the BDCs and even went after abokifx and crypto traders, yet I’ve not heard my brothers from the land of the rising son criticize him.

It is better if Nigeria just split, cos in this state of unfair criticism, tribal/ethnic bigotry, selfishness and political nonchalancy , nothing will move forward.

I’m sorry to say but I do not see Nigeria moving forward by maintaining the status quo. Should we decide to stay together, Restructuring and devolution of powers should be our #1 priority.

9jatriot:
This is not in doubt, as early as 2012 the signs were already beginning to show, then by 2014 the cracks were already there, the point is, she was beginning to steer the economy away from those woes before she had to leave. No one is saying the economy was rosy at the time.

No you are wrong again.

The economy was far better in 2014, when she was not the minister, than in 2016, when she had already occupied the ministerial position for more than a year.

The economy was made worse during her tenure. Of course, she left following the discovery of her fraudulent NYSC claims, and the economy followed in the trajectory that she fashioned out for the Nigerian economy, borrowing a lot from Tinubu's economic prowess, as she claimed.

It's pathetic that people are not pointing finger at the number one most incompetent man in charge of Nigeria.
Is he not the president?
He is the reason why we are in this mess.
He was incompetent and unprepared.

The economy was nosedive, from Buhari 6 months without a cabinet, and further nosedive while she was there.

Like they say the rest is history

This is false. Kemi Adeosun saw the Nigerian economy slide into recession. She kept gaslighting us, saying that the recession was over. Meanwhile, many companies were laying off their workers and struggling to break even.

When this new finance minister took over, she took cluelessness to the next frontier with borrowing upon borrowing. I think she should be renamed minister of borrowing. Truth be told, managing and growing the economy, not security, is the most difficult job in a modern society.

Emilokan Emilokan.
Baba wey no well e dey shout Emilokan.
Hand de shake, Leg de shake.
Baba wey no well e dey shout Emilokan

This is an example of one of such disagreements where the CBN refused to listen to what we now believe to be Kemi's superior logic.

tectonotimes:
The lack of coordination between the nation’s fiscal and monetary authorities has become manifest as the Central Bank of Nigeria, CBN, yesterday, refused to cut interest rate, as suggested by the Minister of Finance, Mrs. Kemi Adeosun.

The Finance Minister had on Monday, called on the CBN to lower interest rate, so the government could borrow domestically to boost the economy without increasing debt servicing costs. But Governor of the CBN, Mr.Godwin Emefiele, who briefed the press at the end of the Monetary Policy Committee (MPC) meeting in Abuja, said rate cuts in the past did not result in banks giving credits to the real sectors of agriculture and manufacturing as instructed. The CBN Governor said a cut in the rate at a time inflation was rising could worsen the nation’s economic situation. ...

The Central Bank of Nigeria (CBN) Tuesday, moved to assert its autonomy from the Federal Government when it rejected calls by the Minister of Finance, Kemi Adeosun, and other stakeholders to reduce its benchmark rate at the Monetary Policy Committee meeting in Abuja.
At the end of its meeting yesterday, MPC decided to retain its benchmark interest rate at 14 percent, resisting the finance minister’s call to lower borrowing costs, while urging government to spend more to pull the economy out of recession.
Also retained at the meeting were Cash Reserve Requirement (CRR) at 22.5 per cent, Liquidity Ratio at 30 per cent and Asymmetric Window at +200 and 500 basis point around the MPR.
Finance Minister Kemi Adeosun had on Monday called on the apex bank to lower interest rates to enable government borrow locally to boost the economy.

https://www.sunnewsonline.com/cbn-minister-disagree-on-rate-cut/

OfoIgbo:
Nigerian economy was already in a mess when Adeosun was there.

Even Sanusi just said recently, that since 2015 and 2016 he was warning the government to depart from their economic trajectory as it would ruin the Nigerian economy.

Guess what? Adeosun was the finance minister in 2015-2016.

She is in the middle of the whole rot.

Osibanjo was also the chairman of the economic committee of the federation in the same period.

So both Adeosun and Osibanjo are neck-deep in the messed up economy that Nigeria now has

The same Adeosun that once said that recession is just a word.
You guys can rewrite history eh

Modphase:
Foolish demented Igbos do not cease to amuse me
This same lunatics that praise Soludo Sanusi for their prowess as CBN governor but today that the Nigeria economy as nosedived to rock bottom they'd rather not blame the colossal dead brain of a failure we have as cbn governor in Emefiele an Igbo.

Please help me ask foolish Igbos if dollar was trading at $600 when Adeosun was the finance minister like it is not trading under Emefiele. Foolish set of lunatics commenting like the are cursed from the pits of hell.

I support you on this one. That Igbo guy blaming Osibanjo is full of s**t and very annoying. Meanwhile their own politicians are nothing to write home about.

Emefiele, buhari and APC supporters reward are waiting for them hen they die

9jatriot:
This is an example of one of such disagreements where the CBN refused to listen to what we now believe to be superior logic.



https://www.sunnewsonline.com/cbn-minister-disagree-on-rate-cut/

Why should he listen to a certificate forger?

Someone who was clearly implementing Tinubu's economic blueprint, and she admitted that it was Tinubu's economic policies that were being implemented in Nigeria. She never said it was Emefiele's economic blueprint. She clearly admitted it was Tinubu's.

And meanwhile, Sanusi kept warning that the economy, which was being principally run by Adeosun and Osibanjo, was being undermined by the Tinubu policies which they were implementing.

Here is another point in case. Emiefele has been incompetent for a while now, it just wasn't noticed. So Kemi Adeosun was the one keeping the very incompetent bank teller man from destroying the economy.

Now that I think of it, Emiefele entered around 2014, which coincides with when the economic nosedive started.

It is quite embarrassing that the finance ministry and the Central Bank of Nigeria (CBN) are at loggerheads over the management of the foreign exchange market. It started when finance minister, Kemi Adeosun, in Nigeria’s fiscal roadmap for 2017, disclosed plans to ditch a 16-month old policy which prohibits importers of a list of 41 items from obtaining dollars at the official market.

The dollar embargo on these 41 items which range from steel sheets, palm oil and textiles to toothpicks, was introduced by the CBN in August 2015 to curb imports and ease the pressure on dollar demand. The policy came about as the country’s stock of foreign currency thinned due to a decline in dollar inflow which was brought on by militant attacks on oil pipelines and decade-low oil prices. Petrodollars account for 95 percent of Nigeria’s foreign exchange earnings, necessitating the need for dollar-demand management to preserve scarce dollars.

Godwin Emefiele told reporters in September that the dollar embargo on the blacklisted 41 items, which sought to manage dollar demand, was helping to reduce importation and drive appetite for locally made goods. True, there has been a decline in imports this year. The naira depreciation and fuel subsidy removal must take some credit for the decline.

https://www.nairaland.com/3535796/finance-minister-cbn-fall-out

Hopes of unanimity of positions and harmony of fiscal and monetary policies appear dim following an alleged demand for a review of the powers of the Central Bank of Nigeria, CBN, by the Ministry of Finance. Minister of Finance, Mrs. Kemi Adeosun and Governor of the CBN, Mr.Godwin Emefiele, Officials of a federal agency confided in Vanguard yesterday that the top leaderships on both sides are mutually antagonistic of each other’s positions, adding that it has degenerated to a personality clash.

A newspaper had said yesterday that the Finance Minister, Mrs Kemi Adeosun, told a visiting team of legislators to cut the powers of the apex bank for what she allegedly called extensive powers which she blamed for the disconnect between Federal Government’s fiscal policies and the monetary policies. Reacting to this, a close aide of the minister told Vanguard that the entire publication was “a hatchet job” against the minister aimed at undermining her reputation.

He alluded to a collusion with CBN by those who he said, rigged the meeting. He also stated that media presence at the meeting was masked, adding that many things the minister said were “doctored” and some totally removed from the content of the said publication, adding that a formal protest letter from the minister to the media house was underway. Surprisingly, one of the aides of the CBN governor who pleaded anonymity told Vanguard that the apex bank was equally upset with the publication, but would not dignify it with a response. He also claimed that the Finance Ministry has been undermining the apex bank for some time now.

https://economicconfidential.com/2017/03/policy-cbn-finance-rift/

SmartPolician:
This is false. Kemi Adeosun saw the Nigerian economy slide into recession. She kept gaslighting us, saying that the recession was over. Meanwhile, many companies were laying off their workers and struggling to break even.

When this new finance minister took over, she took cluelessness to the next frontier with borrowing upon borrowing. I think she should be renamed minister of borrowing. Truth be told, managing and growing the economy, not security, is the most difficult job in a modern society.

Well, we can see the result now. It now looks like the Tinubu's economic blueprint would have been better than this Emiefele's redprint.

I think we can now make a case for Emiefele to be sacked, since his incompentence has gone under the radar for such a long time.

OfoIgbo:


Why should he listen to a certificate forger?

Someone who was clearly implementing Tinubu's economic blueprint, and she admitted that it was Tinubu's economic policies that were being implemented in Nigeria. She never said it was Emefiele's economic blueprint. She clearly admitted it was Tinubu's.

And meanwhile, Sanusi kept warning that the economy, which was being principally run by Adeosun and Osibanjo, was being undermined by the Tinubu policies which they were implementing.

kenzysmith:
Emilokan Emilokan.
Baba wey no well e dey shout Emilokan.
Hand de shake, Leg de shake.
Baba wey no well e dey shout Emilokan

Brooo Na VAWULENCE you dey find. Issorite, kwantinue



https://www.youtube.com/watch?v=luEB4mh15Y8

Modphase:
Foolish demented Igbos do not cease to amuse me
This same lunatics that praise Soludo Sanusi for their prowess as CBN governor but today that the Nigeria economy as nosedived to rock bottom they'd rather not blame the colossal dead brain of a failure we have as cbn governor in Emefiele an Igbo.

Please help me ask foolish Igbos if dollar was trading at $600 when Adeosun was the finance minister like it is not trading under Emefiele. Foolish set of lunatics commenting like the are cursed from the pits of hell.

I'm not Igbo but your people are worse than Igbos.

Atleast Igbos were against emefiele presidential bid, you Yorubas were against Ngozi but dare not speak against Zainab...

Whatever Igbos can be accused of, Yorubas are 5 times worse

She is better than the daft cow brought to replace her

Modphase:
Foolish demented Igbos do not cease to amuse me
This same lunatics that praise Soludo Sanusi for their prowess as CBN governor but today that the Nigeria economy as nosedived to rock bottom they'd rather not blame the colossal dead brain of a failure we have as cbn governor in Emefiele an Igbo.

Please help me ask foolish Igbos if dollar was trading at $600 when Adeosun was the finance minister like it is not trading under Emefiele. Foolish set of lunatics commenting like the are cursed from the pits of hell.

Osibanjo is the chairman of the economic council of the federation. Why did he allow the economy to get this messed up, while he is in charge of the economy?

Adeosun already admitted that the economy of Nigeria was being run with Tinubu's economic principles, so I don't know why you are trying to bring Emefiele into it.

The financce minister and the chairman of the economic council of the federation are more responsible for the economic wellbeing of the country.

When Okonjo Iweala, Peter Obi, Arunma Oteh were making Nigeria the largest economy in Africa, where was Adeosun and Osibanjo? Adeosun was probably putting the finishing touches to her forged certificate while all this was happening.

Sanusi was warning Adeosun and the rest, since 2015, that they were ruining the economy. Little did he know that the Adeosun was even occupying her position based on a forged certificate.

9jatriot:
Well, we can see the result now. It now looks like the Tinubu's economic blueprint would have been better than this Emiefele's redprint.

I think we can now make a case for Emiefele to be sacked, since his incompentence has gone under the radar for such a long time.

But Adeosun clearly admitted in a newspaper article that the economy of Nigeria was being run the Tinubu way. That case had already been made by no less a person than the then finance minister, the certificate-forger Kemi Adeosun the fraud.

Now with the benefit of hindsight, one can say, perhaps that approach was better. The quote you quoted is an answer to your own response

OfoIgbo:


But Adeosun clearly admitted in a newspaper article that the economy of Nigeria was being run the Tinubu way. That case had already been made by no less a person than the then finance minister, the certificate-forger Kemi Adeosun the fraud.

Nigeria was destined for Jagajaga promax when majority chose Buhari as the president.

Clueless CBN governor talking

Did Kemi go with your brain.

You are in charge of Monetary policy.

See what has become of our naira

Modphase:
Foolish demented Igbos do not cease to amuse me
This same lunatics that praise Soludo Sanusi for their prowess as CBN governor but today that the Nigeria economy as nosedived to rock bottom they'd rather not blame the colossal dead brain of a failure we have as cbn governor in Emefiele an Igbo.

Please help me ask foolish Igbos if dollar was trading at $600 when Adeosun was the finance minister like it is not trading under Emefiele. Foolish set of lunatics commenting like the are cursed from the pits of hell.

I think part of your problem is that you always see things from tribal prism and that is rather disturbing for a young chap like you (that's if you are one). Show me one thread where Igbos are praising Godwin Ifeanyi Emefiele and I will take you seriously.

Every single Nigerian has blasted that CBN governor, including the Igbos. However, the bigger blame goes to Buhari for not sacking him the way Jonathan sacked Sanusi probably because he always does Buhari's biding.

9jatriot:
Now with the benefit of hindsight, one can say, perhaps that approach was better. The quote you quoted is an answer to your own response

That approach was not better, because that's why we are in a real economic mess. The CBN governor does not run the economy. The finance minister is more responsible for the economy than then CBN governor.
The chairman of the economic council of the federation is more responsible for the economy than the CBN governor.
The CBN governor is responsible for the monetary policy, but your money is only as strong as your economy and gold reserve, so if your economy is weak, the general confidence your the country's finance will be weak which invariably leads to weak currencies.

As Adeosun has already admitted that the Nigerian economy is being run with Tinubu's blueprint, it basically means the national economic wellbeing has suffered due to Tinubu's policies being implemented by Adeosun and Osibanjo, which Sanusi warned them against.

9jatriot:
For those who do not know or remember, Kemi Adeosun was the Finance minister under Buhari immediately after he came into government. She did not come with all those Harvard qualifications or large international portfolio, she was a modest graduate of an average university in the UK, yet she was able to gradually steer the economy from a recession to a growth one. She came up with many policies that blocked loopholes, whistleblower policy, increase in the tax net, and many others.

She wasn't even a politician in the real sense of the world and did her work behind the scene as much as possible. When her government was busy criticizing her predecessor, Ngozi Iweala, she did not join them, she was even seen on camera discussing with her.

Very often she seemed to clash with the CBN governor on certain policies, now with the benefit of hindsight, one can now see that she was the one keeping the incompetent Emiefele in check.

After her exit, the CBN governor has so glaringly displaced his ignorance and even had the audacity to contest to be president even while still sitting on the chair as a CBN governor.
Adeola Adeosun should just go and regularized her NYSC certificate, I still believe she still has a role to still play in nation building

It is now very clear she was the unsung hero,

CC: lalasticlala, dominique, Mynd44

She was an English Qualified Chartered Accountant and God fearing I knew her personally in England

I do not need to even know her personally, I have heard her speak and watch her demeanor to have an idea of her kind of person, so I do not doubt you.

As for the NYSC certificate forgery that they keep talking about, I have been in Nigeria long enough to know that she was a victim rather than a main actor in the saga. Before this new driver's license that involves data capturing came up, there used to be cases of people who would go to FRSC office, pay the requested amount to renew their license, pick up their license when it was ready, only to be stopped by police that they were in possession of a forged driver's license.
Technically, they can be said to have forged that certificate, but in this case, you went to the right office and thought you had a genuine license only to be told you were brandishing a fake one.

Christistruth00:




She was an English Qualified Chartered Accountant and God fearing I knew her personally in England