FreeGlobe:

Economy didn't collapse, oil price collapsed. No magic can be done about that. Soludo wouldn't have done better in the same scenario, infact he may even do worse. Anyone could point fingers from outside. Ngozi is the pillar holding Nigeria today!

Ditto LRNZH

Flets:
Soludo desperately in need of a job and relevance.

duni04:

True but there was little accountability leading up to the start of the decline in oil price,and even now. The missing 20 billion dollars would have been used to defend the naira better and reduce its slide against the dollar. There's a reason Soludo kept harping on the fact that Ngozi is coordinating minister. The buck stops on her desk. If the beurocrats in Abuja weren't listening to her counsel, she should have resigned instead of allowing a charlatan like soludo destroy her credibility.

patrickmuf:
Soludo is just too brilliant for the average GEJ apologist...The government haven't addressed the issues he raised. We are all observing

hedonistic:
Soludo is a disgusting, two-faced idiot. Most of the so-called achievements he reeled out and credited to the OBJ administration (including the debt repayment) were recorded under this same woman he is accusing of incompetence today. Was NOI not the Minister of Finance and the head of the economic team under OBJ? Apart from deliberately refusing to credit her for the achievements during that time, what has changed in the woman between then and now?

semitunde:



Zenith bank? I have a current account there o! They've been calling me to come and collect my ATM, something they never did since I opened the account.

If they have issues, make I go commot my money sharp sharp. Just hope GTB isn't in the same ish.

About the economy, the fact that this is an election year will make things even worse. This year's budget will not come early because of the political period we are in. And the new government will be busy "forming the new govt". Before they select they people they know into positions, the year would be gone and with most institutions, especially banks, depending on such budgets pronouncements to.make decisions; the economy will suffer and even greater recession than envisaged.

But "when others say there is a casting down, we shall.say there is a lifting up!"

FreeGlobe:

Economy didn't collapse, oil price collapsed. No magic can be done about that. Soludo wouldn't have done better in the same scenario, infact he may even do worse. Anyone could point fingers from outside. Ngozi is the pillar holding Nigeria today!

Ditto LRNZH

LRNZH:


I am sorry to call you out on this one.
If they ploughed the about $12Billion annually (money being lost to bunkering-400,000 barels per day) into the economy and were sincere with their power reforms adding some MW say extra 2,000 MW, the economy will not be where it is today.

Think about it. The major countries hit badly by the recent oil price decline are Venezuela, Iran, Russia and Nigeria. If you noticed that Nigeria is the outlier on that list, then you are right. Nigeria is the only one not running a socialist welfare state or under foreign sactions. Gross economic mismanagement and corruption by them NOI got us there. No defence.

Marvin67:
So I took the pains of reading this twice. Nd I must say it's a movie. I trust someone from madam's team would respond to Soludo with facts and stats that would present Soludo's fact as lies. The politicians have scattered everthing. Whatever madam brings out PDP guys would swallow it while APC guys would discredit it. As for me, I'd be reading and doing my own research. But let me state that both Soludo and Madam are good economists, who have served/ is serving this nation, and should both be respected.

naijadeyhia:


So with all we have been saying you still do not get it. You say economy did not collapse, oil price collapsed right? So what drives your economy is it not oil? Soludo already outlined why what is happening now wouldnt have happened under his watch and Obasanjo has concurred that. Soludo as CBN governor had a culture of saving and was trusted by all but under NOI and GEJ its a culture of spending and lack of trust hence money is shared as soon as it comes in.

If we had a culture of saving under NOI then for at least 6 months we would have been able to cushion the effect of the drop in oil price hence saving Nigerias economy for a time.

FreeGlobe:


No, this from Soludo is below the belt, on a fellow nwa afo. Although the response by Ngozi's media aide is irresponsible, Soludo shouldn't have taking it this far on an Ada igbo

acidtalk:



What will happen after election will be a tsunami. Insurance companies, fund managers, stock brokers will all be seriously hit.

989900:


You see! "Na for your mouth dem go hear say mama teecha die"

FreeGlobe:

Its not about saving, its about diversifying the economy. Something that Ngozi is championing. If we cushion the effect for some months what happens after then? This situation could have been worse under obasanjo, certainly not better we have not forgotten obasanjo's tenure so soon. Soludo is just pointing fingers from outside which anyone can do. [s]Ngozi's economic management is the pillar[/s] holding this nation presently.

No10:
As an Economist,am with the Soludo school on this one. OP,where is the full article na? Soludo actually challenged Madam to a public debate. Am salivating already cos it will definitely be more heated and issues based than the debate between the "clueless one" and the "senile one".

FreeGlobe:

Its not about saving, its about diversifying the economy. Something that Ngozi is championing. If we cushion the effect for some months what happens after then? This situation could have been worse under obasanjo, certainly not better we have not forgotten obasanjo's tenure so soon. Soludo is just pointing fingers from outside which anyone can do. Ngozi's economic management is the pillar holding this nation presently.

NgeneUkwenu:


Mana, otu Ngoo jiri ngwa ya okwu na edemede nke ya nwa adiro nma! At times, people in Public service should always choose their words carefully no matter how you are provoked by the opposition (thats their work anyway), Soludo was indirectly getting at PDP, Peter Obi and jonathan, before ngoo buru bata na 18! Chetakwa na Soludo na acho oru na ochichi nke Buhari, site na ike nke Chineke!

FreeGlobe:

LRNZH:

I am sorry to call you out on this one.
If they ploughed the about $12Billion annually (money being lost to bunkering-400,000 barels per day) and Sanusi's missing $20Billion into the economy, and were sincere with their power reforms adding some MW say extra 2,000 MW, and resuscitating two refineries at least, the economy will not be where it is today.
Think about it. The major countries hit badly by the recent oil price decline are Venezuela, Iran, Russia and Nigeria. If you noticed that Nigeria is the outlier on that list, then you are right. Nigeria is the only one not running a socialist welfare state or under foreign sanctions. Gross economic mismanagement and corruption by them NOI got us there. No defence.

Sajio:
Soludo leave this woman and Gej alone we are proud of her and our lovely president Gej.. what did you achieve while u were the CBN governor? but NOI has achieved lots withing this period of time... Nigeria has been rated as the 3rd fastest growing economy in the world despite the insurgency .. nor b magic ooh, na good policies. so leave this ppl alone. if you had don well, CNN for still acknowledged ur efforts... imagine where 9ja would have been if this government was as peaceful as Obj's when u were the CBN governor. so plz relax ok! Gej/NOI does not need any other distraction cos they have lots @hand now. if u need job, do good to apply... Thanx

oduastates:
World bank clerk is more appropriate to describe Iweala.

FreeGlobe:


No, this from Soludo is below the belt, on a fellow nwa afo. Although the response by Ngozi's media aide is irresponsible, Soludo shouldn't have taking it this far on an Ada igbo

acidtalk:



One of the above is amongst the 3

I would be running around one of the candidates now just as you are busy dancing Atilogwu dance at TAN and PDP rallies, struggling to keep your job.

NgeneUkwenu:


Politics Aside, Ngozi does not know much of about Economic Management, she dwell so much on economic growth while the main indices of which primarily an Economy is judged are left to suffer! Economic growth without commiserate development is a voodoo economy!

omonnakoda:
Championing ? really What sectors exactly. What are the numbers Which sectors other han oil have attracted FDI and how much?? How much have these sectors contributed to the Treasury and ho many new jobs. We cannot be bamboozled by breezy brainless bluster. Soludo talked specifics . Where are the jobs That have been created by this government. We borrowed money from Chinese to build roads and awarded the contracts to Chinese who brought in Chinese labourers. We have Filipino welders all over the Niger Delta . on the Offshore FPSOs we have FRENCH COOKS because we have a clueless government that do not get it and fail to protect our interests. Yes some people may spout empty platitudes that the majority cannot decode but some of us do. Some of us understand that when a government asks its citizens to pay 1000 naira for a job and then proceed to hold a farcical screening exam that something is very very wrong.Then to compound that some of them die and are BLAMED.That is Iwealanomics and it is not about prosperity. We are not mocked

LRNZH:


Did you read my response?

naijadeyhia:


Zenith, First bank and Diamond Bank is what i foresee. GTB is already staggering as we speak

FreeGlobe:

I am in defense of Ngozi only on this thread and you cannot blame her for stolen crude, megawatts etc. She cannot manage what did she not get and she is not tasked with fighting corruption