Jonathan Was Not Interested In Saving Nigeria’s Resources – Okonjo-Iweala
BY TORDUE SALEM
— Apr 15, 2016 3:29 am | Leave a comment
Former Minister of Finance, Dr. Ngozi Okonjo-Iweala, yesterday said that her former boss, former President Goodluck Jonathan was not interested in saving Nigeria’s huge earnings from oil and other sources between 2011 and 2015.

She said the absence of political will to save under former President Goodluck Jonathan is responsible for the hardship facing the country currently.

Speaking on “inequality, growth and resilience,” at George Washington University, the former minister said the World Bank and the International Monetary Fund (IMF) must seek means to embed savings in national constitutions devoid of political manipulations.

Okonjo-Iweala added that Nigeria was able to save $22 billion under former President Olusegun Obasanjo, which saved the country in 2008, from global economic meltdown.

Speaking on the Chilean saving example, Okonjo-Iweala said: “We tried it in Nigeria, we put in an oil price based fiscal rule in 2004 and it worked very well.

“We saved $22 billion because the political will to do it was there. And when the 2008 /2009 crisis came, we were able to draw on those savings precisely to issue about a 5 per cent of GDP fiscal stimulus to the economy and we never had to come to the bank or the fund.

“This time around and this is the key now, you need not only to have the instrument but you also need the political will. In my second time as a finance minister, from 2011 to 2015, we had the instrument, we had the means, we had done it before, but zero political will.

“So we were not able to save when we should have. That is why you find that Nigeria is now in the situation it is in. Along with so many other countries.”

Never knew this can emerge from you...


And why did you not honorably resign?




Anyways, no regret for God have answered our prayer.


God bless PMB.





It's my birthday, I need showers of love from you!





Happy birthday to me, God bless me and my fellow celebrants!

*spreads mat*

wrong headline.Stop twisting NOI's words

chukwudi44:
wrong headline.Stop twisting NOI's words

My brother, I tire. And knowing who Nigerians are, they won't bother to even read. I've read this article before, with a different headline. In a separate interview she explained that the state governor seriously fought that the excess crude money should be shared rather than saved.

VictorRomanov:




My brother, I tire. And knowing who Nigerians are, they won't bother to even read. I've read this article before, with a different headline. In a separate interview she explained that the state governor seriously fought that the excess crude money should be shared rather than saved.

exactly...people like Rotimi Amaechi... these people just need excuses for failing the Nigerian people under their faux change

OP, ordinarily, threads like this should be disregarded dispassionately but ignoring your foolishness is a threat to the growth of this nation. Okonjo Iwela was referring to the political class (mostly APC governors) who vehemently opposed Jonathan's Excess Crude Account to the extent of even dragging the FG to Supreme Court. Twisting her innocent comment to satisfy your satanic intention (probably to shore up Buhari/APC's image) is a crime for which God will punish you. Continue to spread mischief on Nairaland but your day of recompense from the Creator is at hand.

Op, u should add source and tag any mod.

mynd44 misleading thread

989900B:
Wonders shall never end! NOI doing what she knows how to do best.

Oga Jona, you see your life . . . everyone's throwing you under the bus.

which primary school did you attend because your poor comprehension and bad reading habit is obvious