stephleena:
lol..if I call her polytechnic graduate, dem go call for my head pass reno omokri,wey first talk am...make I swerve oo.

Jaideyone:
under the Harvard woman oil sold for over $70 per barrel and our foreign reserve was on a free fall. even the Harvard graduate admitted there was wastage between 2011 and 2015.

under the polythenic graduate oil is $50-$53 per barrel and our foreign reserve is going up.

#i stand with the polytechnic graduate

ManMountain:


Don't mind those silly idiots.
They don't place Nigeria foreign exchange earnings side by side during the two periods to make comparisons before coming up with their asinine comments

Jaideyone:
thank you very much. oil out put was at peak when GEJ was in charge while militants reduced our production to less than 60% when the recession started. in fact things would have been worse if the the same economic conditions were experienced during Jonathan's years of wastage. I'm not an economic guru but this is just common sense. Kemi is ahead of iweala

The naira on Monday depreciated further at the black market in spite of the commitment of the CBN to boost liquidity in the market, the News Agency of Nigeria (NAN) reports.

The naira lost two points to exchange at N395 to the dollar from N393 recorded on Friday, while the pound sterling and the Euro closed at N480 and N415, respectively

- House of Representatives remove Kemi Adeosun as chairman of the national council on public procurement following the alterations of the bill for an Act to amend the Public Procurement Act, 2007 - Adeosun will be replaced by a person to be appointed by the president with the introduction of a new section - Speaker of the House, Yakubu Dogars, says the essence of the bill is to sanitise Nigeria’s business environment Read more

Ofodirinwa:



Naira falls as foreign reserves fall
http://www.informationng.com/2017/04/naira-falls-foreign-reserves-fall.html

Nigeria's former Minister of Finance, Dr Ngozi Okonjo – Iweala, has been appointed as a member of the international advisory panel of Asian Infrastructure Investment Bank (AIIB). This was made known at the first meeting of the Asian Infrastructure Investment Bank’s International Advisory Panel, which took place on October 19, 2016, in Beijing.

“It is a great honor to convene such an experienced and diverse group of international leaders to advise on the development of the Bank’s strategy,” Song Liyan, AIIB Senior Communication Officer quoted AIIB President, Jin Liqun.

Jaideyone:
how much of our foreign reserve did Jonathan spend between 2011 and 2013 when the price of oil was $100 on the average? just answer the question and stop posting stupid links all over the place.

modified: the reserve was 29b when buhari took over it's currently standing at 30.2b even with low crude price. the price went as low as $30 per barrel at a stage.
the average price when your Harvard graduate was in charge was above $70. at a stage crude even sold for $110 yet our reserve was falling!!!

certificate is not common sense.

I stand with the polytechnic graduate

Ofodirinwa:



did you know that Dr. Iweala invented Nigeria's foreign reserve? lol

Ofodirinwa:


Of course you stand with the polytechnic graduate, she gives you hope considering your own education

Jaideyone:
this killed the conversation for me. there's no need to argue with you anymore

Nigeria's SWF was brought into law in 2011 via the Nigeria Sovereign Investment Authority Act[4][12] by President Goodluck Jonathan and is expected to replace the ECA.[3] The act authorized the establishment of the Nigeria Sovereign Investment Authority, giving it jurisdiction over the country's excess petroleum reserves. The fund is intended as security against future economic instability, to contribute towards the development of the country's infrastructure and as a savings mechanism for future generations, using the country's excess oil revenues.[4][5][12][13] It is also expected that managing these reserve funds will help to protect Nigeria's economy from external shocks.

Dr. Okonjo-Iweala served twice as Nigeria’s Finance Minister and also as Minister of Foreign Affairs. She was the first female to hold both positions. During her first term as Minister of Finance under President Obasanjo’s Administration, she spearheaded negotiations with the Paris Club of Creditors that led to the wiping out of US$30 billion of Nigeria’s debt, including the[b] outright cancellation of US$18 billion[/b].[4] In 2003 she led efforts to improve Nigeria’s macroeconomic management including the implementation of an oil-price based fiscal rule where revenues accruing above a reference benchmark oil price were saved in a special account, “The Excess Crude Account” which helped to reduce macroeconomic volatility.[5]

She also introduced the practice of publishing each state's monthly financial allocation from the Federal Government of Nigeria in the newspapers. This action went a long way in increasing transparency in governance.[6] With the support of the World Bank and the IMF to the Federal Government of Nigeria, she helped build an electronic financial management platform-the Government Integrated Financial Management and Information System (GIFMIS), including the Treasury Single Account (TSA) and the Integrated Payroll and Personnel Information System (IPPIS), helping to curtail corruption in the process. As at 31 December 2014, the IPPIS platform for example had eliminated 62,893 ghost workers from the system and saved the Nigerian government about $1.25 billion in the process.[7]

Dr. Okonjo-Iweala was also instrumental in helping Nigeria obtain its first ever sovereign credit rating (of BB minus) from Fitch Ratings and Standard & Poor's in 2006.[8]

Following her first term as Minister of Finance, she returned to the World Bank as a Managing Director in December 2007. Dr. Okonjo-Iweala had also previously spent the first 21 years of her career as a development economist at the World Bank. As Managing Director, she had oversight responsibility for the World Bank’s $81 billion operational portfolio in Africa, South Asia, Europe and Central Asia.[9]

Dr. Okonjo-Iweala spearheaded several World Bank initiatives to assist low-income countries during the 2008 – 2009 food crises and later during the financial crisis. In 2010, she was chair of the IDA replenishment, World Bank’s successful drive to raise $49.3 billion in grants and low interest credit for the poorest countries in the world.[10]

In 2011, Okonjo-Iweala was reappointed as Minister of Finance in Nigeria with the expanded portfolio of the Coordinating Minister for the Economy by President Goodluck Jonathan. Her legacy includes strengthening Nigeria’s public financial systems, stimulating the housing sector with the[b] establishment of the Nigerian Mortgage Refinance Corporation (NMRC)[/b].[11] She also empowered Nigeria’s women and youth with the Growing Girls and Women in Nigeria Programme (GWIN); a gender responsive budgeting system[12] and the highly acclaimed Youth Enterprise with Innovation programme (YouWIN); a highly acclaimed programme to support entrepreneurs that created thousands of jobs.[13]

This program has been evaluated by the World Bank as one of the most effective programmes of its kind globally. Under her leadership, the National Bureau of Statistics carried out a rebasing exercise; the first in 24 years, which saw[b] Nigeria emerge as the largest economy in Africa.[/b][14] She took a lot of heat, more-so than any other government official for the fuel subsidy removal policy by the Nigerian government which led to protests in January 2012.[15] In May 2016, the new Nigerian administration eventually removed the fuel subsidy after it became apparent that it was unsustainable and inefficient.[16]

Jaideyone:
under the Harvard woman oil sold for over $70 per barrel and our foreign reserve was on a free fall. even the Harvard graduate admitted there was wastage between 2011 and 2015.

under the polythenic graduate oil is $50-$53 per barrel and our foreign reserve is going up.

#i stand with the polytechnic graduate

Ofodirinwa:


Founded 2011

https://en.wikipedia.org/wiki/Nigeria_Sovereign_Investment_Authority

igwebuike01:

Lame afonja defense of the mediocre polytechnic graduate