Ngozi Okonjo Iweala and the finances of Nigeria Interestingly, the worst, most wicked, heartless, corrupt and yet inefficient minister of finance in Nigeria is a Harvard Alumni, World Bank related Angel of pains Ngozi Okonjo Iweala. She is followed by a Yale trained, World Bank related Banker, Samuel Oluyemisi Falae. While Falae worked to implement unpopular world bank economic policies like SAP et al under Babangida regime, which plunged the nation into the excruciating and reverberating austerity and economic turmoil with multifaceted ripples lasting till today, Iweala is working to consolidate those policies which even the world Bank has acknowledged lately as retrogressive . Iweala is sowing new seeds of economic turmoil. She was touted to have helped the country to gain loan reprieve under OBJ but has today returned under Jonathan and has taken us back to the debt trap regime. Stupendous amount of monies were stolen and are been stolen under Iwealas watch. We were told by Oshiomole how the excess crude account is almost empty despite not sharing the proceeds in the last 18 months. 49bl dollars, 20bl dollars were stolen and the list goes on and on. Now the audit report for the missing 20bl is now been hidden by Mrs Iweala. Under Iweala, we had several walk outs by commissioners of finance at various times due to failure of the FAAC to distribute proceeds. It appears that the reasons for the resignation of. Iweala under obasanjo are not conscientious or altruistic as people thought. Obasanjo redeployed her to the ministry of foreign Affairs and she cant have that. She got angry and put in her resignation which was accepted. Perhaps Obj booted her from that ministry for the damage she might have been plotting against the nations economy hiding behind her nascent success at securing debt reprive for us. I am not sure but her role under the clueless Jona is a good pointer. Her reign is replete with constant petroleum pump price hikes, electricity tariff and energy hikes, custom tariff and VAT hikes, tax and other charges without any commensurate value addition to the country other than statistical values from rebasing the economy. What a calamitous woman, angel of pains is. Tir!
Posted on: Sun, 28 Dec 2014 11:42:20 +0000
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