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Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by masterblogger(m): 6:09pm On Apr 15, 2016 |
This is a counter thread. Here is the thread. https://www.nairaland.com/3048820/nigerias-problem-lack-save-under Low Savings: Okonjo-Iweala Did Not Indict The Jonathan Administration https://mobile.facebook.com/story.php?story_fbid=1133688053348124&id=204329982950607&refid=28&_ft_=qid.6273830349039039477%3Amf_story_key.-2233196737761881421&__tn__=%2As 14 Likes 1 Share
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Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by masterblogger(m): 6:11pm On Apr 15, 2016 |
Ye shall know the truth. Please for those of you who always develop passion for calling GEJ names please kindly know that it was not easy for GEJ. GEJ was the only 'complete civilian' that ever ruled Nigeria, from a minority, even in his state he is also from a minority. He has more experience in governance than any president we ever had (having served in state and federal level for years). He is the most educated president ever. He gave Nigeria his very best. No fuel queue, prompt payment of salary, created lots of jobs from the federal universities, sure p, youwin, Gis, converted our COE to federal, light was not this skeptic, travelled less, freedom of speech, no political murder or arrest etc. GEJ is an angel. Every leader has its lapses. Buhari though has good intention for Nigeria, he also has his own challenges. Let's support them 88 Likes 6 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by aieromon(m): 6:38pm On Apr 15, 2016 |
I hereby challenge your attempt to blame others for not saving for the rainy day. It is not a virtue when you are quick to appropriate all the credit when things are going well, but shift the blame when they go wrong. You blame the state governors— who, according to you, have taken the Federal Government to the Supreme Court—not that a Supreme Court judgment forced your hands. For your information, the governors have never agreed to savings and always threatened court action even under Obasanjo. Why did we save under Obasanjo but not under Jonathan? Two keywords explain it: leadership and integrity. Governor Amaechi said the governors insisted on sharing the funds because they found out that you were illegally fiddling with the savings. So, as Nigerians still wonder, if billions of dollars are now ‘missing’ under your nose, why should governors trust you to keep their money? Do the states that have taken the federal government to the Supreme Court and refused to save also include the PDP governors—who are in the majority? If so, then it is fatal: even governors of your own party, PDP, do not trust you to keep their money! Furthermore, did the governors also stop the Federal Government from saving part of its share? If you ran a surplus budget at the Federal level, you would have had credibility to blame others or to say they did not listen to your advice. The key point is that since you were running huge deficits yourself, it was also in your own interest to share the ECA. You did not show leadership or credibility, full stop! Charles Soludo, February 2015 102 Likes 12 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by seunmsg(m): 6:39pm On Apr 15, 2016 |
Madam Ngozi, stop this double speak for once and stand by the truth. You can't say something yesterday and start denying today. Puts lots of dent on your character and credibility. Political correctness is one of the reasons why you failed as finance minister, you should not continue in that line now that you are out of office. Speak the truth and stand by it. 52 Likes 5 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by masterblogger(m): 6:40pm On Apr 15, 2016 |
aieromon:Source? 5 Likes |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by AntiWailer: 6:45pm On Apr 15, 2016 |
masterblogger: Before wailers wail, She did not deny her statement that Jonathan did not Save she is only doing damage control. The question is : How did Obasanjo save ? I don't blame Jonathan he can use anything to negotiate 60 Likes 6 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by theshadyexpress(m): 6:47pm On Apr 15, 2016 |
seunmsg: she did not double speak,it was you that just heard what you wished to hear, Every sane mind know who is to blame for lack of savings and if you need a hint just check the zombie cabinet 35 Likes 2 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by aieromon(m): 6:48pm On Apr 15, 2016 |
masterblogger: http://www.premiumtimesng.com/news/headlines/176097-soludo-replies-okonjo-iweala-accuses-her-of-forging-national-economics-statistics.html 6 Likes 2 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by gifsCEC: 6:49pm On Apr 15, 2016 |
masterblogger: http://leadership.ng/news/408685/soludo-fires-okonjoiweala-n30trillion-stolen-watch 4 Likes |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by theshadyexpress(m): 6:50pm On Apr 15, 2016 |
AntiWailer: The question is what is buhari's economic policy cos the last time i checked even the femi adeshina does not have an answer to this 27 Likes 3 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by seunmsg(m): 7:13pm On Apr 15, 2016 |
theshadyexpress: She said there was no political will to save under GEJ, so tell me, who holds the political will to save, governors or the president? Under OBJ, who gave the needed political will to save when governors of that era also opposed saving vehemently? 28 Likes 3 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by Abbeyunique2(m): 7:22pm On Apr 15, 2016 |
We are missing something. we need to change this fundamental clause in our constitution "All money must be shared". the clause was the main reason why Amaechi led NGF won the suit against FG at the supreme court. our laws are obsolete. 10 Likes |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by theshadyexpress(m): 7:25pm On Apr 15, 2016 |
seunmsg: and its you that have failed to reason, the presidents political will is not enough cos he can do nothing without the 36 govs and 774lga chairs,the political will of the later two was what she was referring to cos they are also part of the last dispensation, if your ability to reason wide is limited pls dont blame enlightened minds for it cos right now your ignorance is one of the many things Nigeria does not need 25 Likes 2 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by Buharism: 7:26pm On Apr 15, 2016 |
If you blame the governors for sueing the FG to court, Who do you blame for stoping the FG from saving the 51% they got from the money? . Minister of Excuse. 50 Likes 9 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by Buharism: 7:29pm On Apr 15, 2016 |
theshadyexpress:Who stoped the FG from saving 51% they got from the money?. 34 Likes 6 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by seunmsg(m): 7:36pm On Apr 15, 2016 |
theshadyexpress: You don't have to insult me before making your points. Keep the discussion civil and answer my question. Under OBJ, who gave the needed political will to save when governors of that era also opposed saving vehemently? 22 Likes 5 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by theshadyexpress(m): 7:41pm On Apr 15, 2016 |
Buharism: let me lecture you on how government works just incase youre ignorant The FG's share of federal revenue has been provided for in the Appropriation act as a source of finance for the budget, the executive dare not use a dime of that money for another purpose other than what is stated in the appropriation act cos that in itself is an impeachable offence, the best bet was to source for savings from the ECA as it is monies yet to be shared and so hasn't made its way into the FG purse. does this mean the money will be spent by the FG without the consent of states by the fg? definitely no, what it means is that all excess monies will be saved in trust for all tiers of govt until such a time when there is a cash crunch and the monies will be shared with amongst all tiers with the already existing sharing formula and if i may ask why didnt APC states also save their share too or were they not in govt during those times too? stop been ignorant it wont make you appear wise 20 Likes 6 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by Amanwulu1(m): 7:41pm On Apr 15, 2016 |
U knw sometimes I forget dat GEJ is no more in power n APC in opposition bc d ppl we hand over our nation have not stoped telling us dat GEJ has spoilt nigeria. Also d ppl who are supposed to remind dem dat they voted dem bc they're not satisfied wit GEJ are not helping d matter. Is like d name GEJ gives credibility to d present fg. Supreme court gave ruling against saving in civilian regime, what is d govt supposed to do? Show disrespect to d constitutn it swore to uphold? Nigerians don't want democracy bt unfortunately GEJ was a democrat to d limit. 25 Likes 6 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by theshadyexpress(m): 7:43pm On Apr 15, 2016 |
seunmsg: pls can you provide us a link to butress the fact that governors under OBJ protested against such? if u wanna argue be armed with facts or youll appear confused 12 Likes 2 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by sammyj: 7:45pm On Apr 15, 2016 |
This is medicine after death. I know the denying game will kick in when I saw this news earlier today!!! ![]() 8 Likes 1 Share |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by seunmsg(m): 8:16pm On Apr 15, 2016 |
theshadyexpress: I don't have the time to dig up any link. Governors have never supported the creation of excess crude account since its establishment. See the extract from Soludo's last year article posted by aieromon above. Except you want to tell me Soludo is lying. 16 Likes 1 Share |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by infohenry(m): 8:22pm On Apr 15, 2016 |
theshadyexpress:You don't know what you are talking Mr. He is asking you if state governors forced the federal govt. to share the ECA, since the federal believe there is no need to share the money, how then did they used their own share that is 51% of the whole instead of saving it. 17 Likes 3 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by wirinet(m): 8:33pm On Apr 15, 2016 |
theshadyexpress: It is you that is ignorant on the workings of the FG. Who makes the proposals for appropriations of FG share of the revenue? Did Jonathan make any proposal to the national assembly to save its share of the revenue? Jonathan even presented deficit budgets, meaning he borrowed more than he earned to finance his budget. So how can he even save when he was borrowing and also dipping his hands into the excess crude accounts? You must be joking when you said Jonathan dare not money for another purpose other than what is stated in the appropriation act. Where did Jonathan get money to pay close to N3 trillion for fuel subsidy when only N600 billion was appropriated, where did Jonathan get money to organize his national conference jamboree without appropriation or legal backing? Jonathan was spending without even looking at the appropriation act. You did not answer how OBJ was able to save and even paid $12billion cash as debt despite vehement opposition by the governors. Okonjo Iweala gave a perfect answer - political will. 47 Likes 7 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by antispexish(m): 8:43pm On Apr 15, 2016 |
theshadyexpress: correct me if I'm wrong o , but I thought 52% of that money belong to the federal government under the control of ngozi. why did they not save that one, abi the govs forced them to spend that one too!. This is apart from the fact that they can't tell us what they spent it on o. 21 Likes 5 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by Nobody: 8:50pm On Apr 15, 2016 |
Thank you NOI for clarifying this facts for the zombies!!now where are the mods,this rebuttal must be given the same attention as the previous thread.Lalasticlala over to you 4 Likes |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by wirinet(m): 9:03pm On Apr 15, 2016 |
chukwudi44: Where is the rebuttal? If you see one, please point it out to me. This is NOI's original statement ; Okonjo-Iweala added that Nigeria was able to save $22 billion under former President Olusegun Obasanjo, which saved the country in 2008, when there was global economic meltdown. If this is not an indictment of the Jonathan's administration, i don't know what it is. Remember, the governor's were against the excess crude account in 2004 also. 24 Likes 2 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by jojomario(m): 9:06pm On Apr 15, 2016 |
@op, how much dem pay u? 2 Likes |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by Nobody: 9:10pm On Apr 15, 2016 |
wirinet: Is it that you cannot read,comprehend simple write ups or you just chose to believe whatver you like? So after the clarification from the person who made the statement you are sill arguing haba!! 4 Likes |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by Nobody: 9:21pm On Apr 15, 2016 |
The speech yesterday was not the first time NOI will speak on this issue.She granted an interview to french magazine Le monde where the facts invlolved in this controversy was well explained Why Jonathan did not save – Okonjo-IwealaBy Seun Opejobi on April 7, 2016 Onetime Minister of Finance and Coordinating Minister of the Economy, Ngozi Okonjo-Iweala, has said governors were the reason former President, Goodluck Jonathan could not save for the future. Okonjo-Iweala in an interview with an International Magazine, Le Monde said “some economists are very concerned for Nigeria, which could greatly suffer from the fall in oil prices. Others say the contrary, that its economy is strong enough to turn the corner. “Both are right. But one thing saddens me. When I was finance minister the first time, the volatility of oil prices, and therefore state resources, cost at least three points of growth in the country. “We then established a stabilisation mechanism and opened http://dailypost.ng/2016/04/07/why-jonathan-did-not-save-okonjo-iweala/ 2 Likes 4 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by focus7: 9:38pm On Apr 15, 2016 |
There's no distortion in the fact that remain that Jonathan and his team which includes Okonjo Iweala lacked political will to save, that alone disqualify the leadership of Jonathan administration. One of the quality of leadership is when a leader take his stance in face of pressures from all quarters against a justify policy he has taken. Buhari has faced so many pressures to take decision against his policies in favour of opposition criticism like the call to devalue the naira, and the call to sign the NASS padded budget but he insisted on his policies, that's a leader that understand that he's responsible for every action and inaction in his government not some pushover clueless ineffectual buffoon called Jonathan. 25 Likes 5 Shares |
Re: Low Savings: Okonjo-iweala Did Not Indict The Jonathan Administration by Nobody: 9:43pm On Apr 15, 2016 |
focus7: NOI and GEJ had the political will to save and actually communicated that to the governors who resisted and led by Amaechi and Fashola went to the supreme court to get an order compelling the FG to share the money.Anyone who still blames GEJ after these disclosures is demented. 6 Likes 4 Shares |
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