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Nigeria: Displeasing Budget 2012 Implementation Defense
Author: Omotayo, J. A. | August 15, 2012
I listened to the Minister of Finance and the Coordinating Minister of the Economy, Mrs. Ngozi Okonjo-Iweala, as she defended the implementation of the... (2) Comment


 
   

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OMOTAYO, J. A.    Lagos, NIGERIA    August 17, 2012
Thanks very much Mr. Joshua for your comment. We all cannot see everything the same way. But I can let you recollect the events of the past to be able to imagine the efforts of today on our collective tomorrow. I was not there when Mr. Obasanjo appointed Mrs Okonjo-Oweala as his finance Minister in 2003. I was not there when the then PDP chairman, Mr. Audu Ogbe, said publicly that the economic theories put in place by both Messrs Okonjo-Iweala and Charles Soludo were not working sometimes in 2006.

In fact he described the situation as "ill-digested theory". I was not there when Mr. Obsanjo relieved her of her position as the chairman of the Economic Team and Finance Minister. If she had anything to offer, then you should ask why those things happened to her. I was not there when the late Mr. Gani Fawehinmi went to court to challenge the exorbitant pay package in US Dollars paid to her and one Mr. Adeniji. I was not there when the court gave judgment that the duo paid in foreign currency should make a refund.

All the above should point to something to you. You can read my articles on Bank Consolidation that both Messrs Okonjo-Iweala and Soludo championed and the mistakes inherent in their assumptions even while she was in office. I sent privately a typed 23-page document on the inadequacies of the Bank Consolidation policy separately to Mrs Okonjo-iweala, Mr. Soludo, the President of NLC, among others. the document had 45 references. There was no response from any of your "Experts", among whom Mrs Okonjo-Iweala is one.

I cannot hide my displeasure that mediocrities in high public places and positions have taken all of us Nigerians for granted. I have no reason to hate anybody. But I have a calling to expose misinformation, mismanagement and deliberate desire of a few to sell Nigeria to themselves all in the name of pursuing all the failed and continuously failing policies of the IMF and World Bank.

If Nigeria is good, it will be for all of us, not Omotayo alone. If it is bad, as these mediocrities are making it to be, most of us will suffer while only a few of them, perhaps less than 1% will enjoy. That to me is not second slavery but a third category slavery.

Imagine the unemployment, the un-motorable roads, the inadequate water supplies, etc and yet somebody would come and tell us that the payment of their salaries and allowances were up to date while the capital projects that would benefit the majority would have to wait for unjustifiable reasons. If I may re-conclude again, this woman is empty and has nothing to offer Nigeria and Nigerians.

God save Nigeria.
Joshua    Lagos, Nigeria    August 15, 2012
Piling the woes of budget implementation on the economic team is really unfair. Especially the one headed by the current minister of finance. She has ensured that Nigeria's fiscal policy is moving back to an enviable position.
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