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Rate The Performances Of Wale Edun And Okonjo-Iweala As Finance Minister - Politics (5) - Nairaland 114e4o

Rate The Performances Of Wale Edun And Okonjo-Iweala As Finance Minister (14050 Views)

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Champneys: 10:03am On Apr 28
Wale Edun can go and sit down abeg, all talk and no action.
lailo: 10:03am On Apr 28
Children are the ones speaking jargon up there or let me just say igbo youths. Ngozi was minister when Nigeria was swimming in plenty amid high crude oil sales. Despite this excess money, she couldn't diversify the economy, and Nigeria just wasted the all the plenty rains days. Only good thing she did was to save as she had no idea on what to use the excess money to do. Poverty in Nigeria was very very high amid plentifullness. Minimum wage for workers was #7500. It was her time Idris Abdul Kareem sang the song "Nigeria Jagajaga", Blackface sang the song "Hardlife", Nice and 2shut sang the song "Make dem talk", African China sang the song "Mr President" and several other artistes expressed the unbearable state of the nation as at that time through their music. This same Ngozi came back again during Jonathan and even performed abysamlly lower to the extent of borrowing to pay workers salaries. No single achievement. Her incompetencv was exposed bcs during Jonathan period especially towards the end of his tenure, the only cash cow of the country OIL price slumped. She had at least an opportunity of 10 years to change Nigerias fortune as Finance Minister and Coordinating minister of the economy but she failed. She shamefully left the economy a monolith economy depending on only crude oil.
You now want to compare that with someone who inherited a completely collapsed economy and within the shortest periods of two years has diversified the economy to Exportation, Tax and crude oil all competing same space in IGR. This is the first time effort is being made to diversify the economy using homegrown policies and the dude is pretty getting it. Wale removed fuel and dollar subsidies, Nigeria's growth killers that Ngozi abd the governments she served didn't have the spine to do? Why are u people so dumb and unappreciative? Bring Ngozi at this time of our nation after COVID 19 and with her IMF foreign based policy and see whether she will not be stoned to death.

2 Likes

bennybuhari: 10:05am On Apr 28
I don't think you need any kpi except you were a baby or unborn in 2014 when NOI was Minister.
9jaBloke:
Post should have included their targets, key performance areas, verifiable indicators, achievements and impact on Nigeria's economy.

Are we supposed to judge with their pictures?

1 Like

Lanruze: 10:06am On Apr 28
I totally agree with you.

However, there are indices to measure the wealth and prosperity of nations per time and season.

Indices like GDP, per Capita income, GNP, Product Manager Index (PMI) etc.

The dimension of poverty under PBAT is at an excruciating dimension.

An economist likened PBATs reforms to removing the tyres of a car while in motion.

Poverty has been institutionalized as a weapon in Nigeria.








ganilas007:
They will hail okonjo someone that is borrowing to pay salaries 😁😁 . Nigeria was not in anyway better then all na scope even in 1990s millions of Nigerians has been hungry since time immemorial.

I ed growing up my dad was hiding for his landlord in 1996 and I asked myself now how much for a room that my dad could not pay and you telling me Nigeria is good then many times we can’t even afford Rodo pepper to eat we buy Dry pepper to eat and cut big onion inside serve as protein.

From my school to house is 10 naira bus even though it now 150 or 200 now I don’t know but as at then hundreds of students can’t afford it they will trek thier life out to/fro most times with empty stomach. Memories of how Nigeria was in 1990s Dey my head steady.

Am a travel consultant when Lagos - Europe // US tickets was below 100k how many Nigerians can afford it. Even now that is ranging from 800k-3m they afford it more.

When local tickets was 5-15k how many Nigerians enter plane.

Never will I justify all those rubbish politicians and the elites coz they are all heartless set of people but saying anyone is better is like a joke to me.

Nigerians have always been on survival mode except if you are opportune to be among the Elites.
Smartcitizen: 10:08am On Apr 28
Balistic4:
how can you compare Wale to Ngozi? Ngozi that plunged naija into recession? She didn't even her degree. Wale is a super human, all his policies were hit back to back.

Please, don't quote me, I have corn in my pocket and that thing dey reduce brain cells grin grin grin grin


I can bet with everything I have that you must be a Yoruba man.

So tribalistic in everything even before God.


What a people?

1 Like 1 Share

Bobloco: 10:14am On Apr 28
iichidodo:
That's just like rating a Ferrari Lamborghini with a Volkswagen Golf 2. One was a minister that masterminded an economic prosperity that Nigeria has ever encountered in 50 years, while the other one midwifed an epic collapse.....Nuff said.

Well said
israelmao(m): 10:22am On Apr 28
Ritchiee:
Not now but I still rate Oga Edun higher a little because of the wonder he has been able to perform in this very,very difficult period.

Okonjo started borrowing money to pay workers in 2014.
Even with the humongous revenue Nigeria made.

Who brought about the difficult period?
olaolaking: 10:25am On Apr 28
nairavsdollars:
Who has performed better as Minister of Finance and Coordinating Minister of the Economy between Mr. Wale Edun and Ngozi Okonjo- Iweala (current DG WTO)?

NB: Edun is still in office but two years is enough to judge his performance
We can't use about 15 years to compare 2 years. It is incomparable. However, Madam Gele's profile no be seresere o
Lanruze: 10:27am On Apr 28
I was a full grown adult in my thirties and can every bit of Okonjo Iweala's regime.

You see, there are "local champions" and international stars, Wale Edun combined politics and technocratic experience whilst Okonjo Iweala was a core technocrat from the highest International Finance Agency in the world.

Nigeria has N149trillion debt as at date, let Wale Edun negotiate or restructure the loan first then we will start from there.

Hope you know the Nigerian Governors Forum took Okonjo Iweala to court on the Excess Crude initiative and the FG won. The Governors just wanted to spend and she stood her ground on the long term benefit.









lailo:
Children are the ones speaking jargon up there or let me just say igbo youths. Ngozi was minister when Nigeria was swimming in plenty amid high crude oil sales. Despite this excess money, she couldn't diversify the economy, and Nigeria just wasted the all the plenty rains days. Only good thing she did was to save as she had no idea on what to use the excess money to do. Poverty in Nigeria was very very high amid plentifullness. Minimum wage for workers was #7500. It was her time Idris Abdul Kareem sang the song "Nigeria Jagajaga", Blackface sang the song "Hardlife", Nice and 2shut sang the song "Make dem talk", African China sang the song "Mr President" and several other artistes expressed the unbearable state of the nation as at that time through their music. This same Ngozi came back again during Jonathan and even performed abysamlly lower to the extent of borrowing to pay workers salaries. No single achievement. Her incompetencv was exposed bcs during Jonathan period especially towards the end of his tenure, the only cash cow of the country OIL price slumped. She had at least an opportunity of 10 years to change Nigerias fortune as Finance Minister and Coordinating minister of the economy but she failed. She shamefully left the economy a monolith economy depending on only crude oil.
You now want to compare that with someone who inherited a completely collapsed economy and within the shortest periods of two years has diversified the economy to Exportation, Tax and crude oil all competing same space in IGR. This is the first time effort is being made to diversify the economy using homegrown policies and the dude is pretty getting it. Wale removed fuel and dollar subsidies, Nigeria's growth killers that Ngozi abd the governments she served didn't have the spine to do? Why are u people so dumb and unappreciative? Bring Ngozi at this time of our nation after COVID 19 and with her IMF foreign based policy and see whether she will not be stoned to death.
Sucolee(m): 10:35am On Apr 28
Wale edun should be compared with kemi adeosun
Micmuzac: 10:36am On Apr 28
Edun can only emulate Ngozi all things being equal, he's not in the league of her eminence
Godseed: 10:51am On Apr 28
PresidObi:
It's like rating Michael Jackson and Baba Fryo in music.

Nigerians get mouth grin grin
I just love my people

1 Like

Lamasta(m): 10:51am On Apr 28
sulaak:



Had GEJ/NOI done their job in 2012, there would be no need for Wale in 2023

If the Wale is doing his job the problem will not be worse today
ganilas007: 10:59am On Apr 28
Lamasta:


When President Goodluck was there the complains of Nigerians centered on corruption and insecurity and not hunger that is prevalent now, I don't know where you are getting your own info though

Can you listen to yourself… you said corruption and insecurity. So if insecurity happen at that time how do farmers farm to produce foods so supply of food will increase… okay Tinubu will come and stop insecurity with many branches that has been going on for 20yrs in 2yrs. Okay don’t work and look for how to protect your unborn child…
Lamasta(m): 11:01am On Apr 28
ganilas007:


Can you listen to yourself… you said corruption and insecurity. So if insecurity happen at that time how do farmers farm to produce foods so supply of food will increase… okay Tinubu will come and stop insecurity with many branches that has been going on for 20yrs in 2yrs. Okay don’t work and look for how to protect your unborn child…

You are the one that needs to reread what you typing and ask yourself if you are making sense
PARADIZEPRIEST: 11:09am On Apr 28
baba is trying at his age. winkis not his fault that buha messed the economy with his dullard kinmen angry
9jawazobia: 11:10am On Apr 28
IPIGSRSHALLOW:

Yeah right, same Nwela that was borrowing money to pay salaries in 2015?
. But this Wale Edun is borrowing to service debt nonsense people
huptin(m): 11:15am On Apr 28
Both met a very bad situation but in the case of Okonjo Iweala some background work had been done earlier by the previous Finance minister Adamu Ciroma, she also had brilliant people to work with.

Soludo was firstly OBJ's economic adviser before becoming CBN governor.

Wale Edun was thrown directly into the thick of the mess and struggled. But he seems to be getting things done little by little now.

But all in all, Okonjo Iweala especially under OBJ is head shoulders above Edun.

1 Like 1 Share

9jawazobia: 11:16am On Apr 28
9jawazobia:
. But this Wale Edun is borrowing to service debt nonsense people
. Comparing Wale to Ngozi is like comparing Musk to Mc oluomo
Dpaulie(m): 11:29am On Apr 28
Mother and son
lordwoz: 11:40am On Apr 28
Not a fair comparison.

The period also matters.

What was the condition of the nation before both took over

Oil boom and the rest
verdad00: 12:08pm On Apr 28
You know enough please judge.
Who is better ?
lailo: 12:11pm On Apr 28
Lanruze:
I was a full grown adult in my thirties and can every bit of Okonjo Iweala's regime.

You see, there are "local champions" and international stars, Wale Edun combined politics and technocratic experience whilst Okonjo Iweala was a core technocrat from the highest International Finance Agency in the world.

Nigeria has N149trillion debt as at date, let Wale Edun negotiate or restructure the loan first then we will start from there.

Hope you know the Nigerian Governors Forum took Okonjo Iweala to court on the Excess Crude initiative and the FG won. The Governors just wanted to spend and she stood her ground on the long term benefit.









I'm not saying she is not an international woman. Of course she is and that's while WTO made her a DG. But of what use is all that to Nigeria if she spent over 10 years as Finance minister and Coordinating minister of economy especially during our prosperity times and she couldn't turn Nigeria economy to world class level she claimed she represent. Nigeria generated so much during her time but where was the economy? Where was diversification? A world class economist who cant diversify the economy in over 10 years? Where are the railway, where are the super highways, where are the electric power generation? What of education? Where are the jobs for the teeming youths? What of healthcare services. Nothing to show despite being an international woman. Someone you called local is the one who has diversified our economy, debased it and is trying to build it gradually. Ngozi herself confessed before she left the stage that it will take Nigeria a consistent policy of at least 30 years to achieve stability in any attempt to diversify the economy.
Sometimes homebase football players would bring trophy that foreign players can never achieve even if u used the best of them.
Kiss the truth

2 Likes

sulaak(m): 12:22pm On Apr 28
Lamasta:


If the Wale is doing his job the problem will not be worse today


The NOI under OBJ differs from the NOI under GEJ.

NOI under OBJ was brilliant and the best finance minister Nigeria ever had. With the very weak GEJ government, she was unable to implement any of her policies and reforms due to the corrupt and incompetent leadership of GEJ.

Nigeria was living on high-priced crude oil exports and loans. Wale doesn't have that luxury because of the low crude oil exports and forward sales by the Bughari government.

Wale's decision to remove fuel subsidies at a time when Nigeria's export earnings are at their lowest will have a significant impact on the Nigerian people. The decision to float the Naira, in my opinion, is questionable because there should always be some control. However, considering that the government had no funds to protect the Naira or even pay for imported products, I believe he made the right call.

Tinubu government has failed to cut corruption or reduce government expenditure.
Solsix(m): 12:36pm On Apr 28
shortgun:
Ngozi okonjo-Iweala gave us the biggest economy in Africa, Wale is currently giving us a town hall that is different from balablu.

One thing is very clear: every president who didn't engage in bigotry in their appointments performed better than those who appointed people based on ethnicity.
This is why Obasanjo, Yaradua, and Jonathan brought significant development to the country, while Buhari and Tinubu are failures who spread poverty and suffering in the land
You have said it all

1 Like

ezenna191(m): 12:41pm On Apr 28
The topic should have been is Wale Edu qualified to be Dr Ngozi Okonjo-Iwuala's student? Who's Wale Edu to compare with Dr Ngozi Okonjo-Iwuala, an economic technocrat and global economic leader. Without Dangote refinery Nigeria would have completely collapsed because of the terrible economic policies initiated by Edu and approved by T-PAIN.
ArcFresky(m): 12:41pm On Apr 28
004gist:
Which one be wale edun again grin


NGOZI that walked through thick and thin with Obasanjo to see that paris club write off our debt.

She was always travelling with baba like hand bag at the end we got what we wanted a whopping 12. 5 billion dollars yoke written off from our neck

How many foreign trip ( & UK trip) has wale edun gone with tinubu

Ngozi Ensures that we saved for raining days (over 45 billion + 25 billion was saved)

She Gave us the biggest economy.

She Ensure that naira remain strong.


First, getting a debt writeoff is akin to getting favours. You don’t need to work for it, you just ask.

Second, comparing both economies is unfair to Wale. Nigeria population, problems and other economic factors were significantly better.

1 Like

Agbegbaorogboye: 12:44pm On Apr 28
lailo:
Children are the ones speaking jargon up there or let me just say igbo youths. Ngozi was minister when Nigeria was swimming in plenty amid high crude oil sales. Despite this excess money, she couldn't diversify the economy, and Nigeria just wasted the all the plenty rains days. Only good thing she did was to save as she had no idea on what to use the excess money to do. Poverty in Nigeria was very very high amid plentifullness. Minimum wage for workers was #7500. It was her time Idris Abdul Kareem sang the song "Nigeria Jagajaga", Blackface sang the song "Hardlife", Nice and 2shut sang the song "Make dem talk", African China sang the song "Mr President" and several other artistes expressed the unbearable state of the nation as at that time through their music. This same Ngozi came back again during Jonathan and even performed abysamlly lower to the extent of borrowing to pay workers salaries. No single achievement. Her incompetencv was exposed bcs during Jonathan period especially towards the end of his tenure, the only cash cow of the country OIL price slumped. She had at least an opportunity of 10 years to change Nigerias fortune as Finance Minister and Coordinating minister of the economy but she failed. She shamefully left the economy a monolith economy depending on only crude oil.
You now want to compare that with someone who inherited a completely collapsed economy and within the shortest periods of two years has diversified the economy to Exportation, Tax and crude oil all competing same space in IGR. This is the first time effort is being made to diversify the economy using homegrown policies and the dude is pretty getting it. Wale removed fuel and dollar subsidies, Nigeria's growth killers that Ngozi abd the governments she served didn't have the spine to do? Why are u people so dumb and unappreciative? Bring Ngozi at this time of our nation after COVID 19 and with her IMF foreign based policy and see whether she will not be stoned to death.
It is disheartening that a supposed educated adult wants to compare economics ministers in office and the metrics he adopted are what songs musicians sang in their tenure. No mention of macroeconomic indicators like inflation rate, budget financing performance, trade indices, real demand and consumption or household disposable income.
Worse still, he completely faked a lie about the diversification of the economy when the faac allocation has been dropping since January this year in the back of decline in oil receipts
Isn't this a shameful writeup?
BABANGBALI: 12:47pm On Apr 28
Op if this is a joke make you stop am abeg. How you go compare Okonjo iweala with edun? Shoes get size abeg.
BABANGBALI: 12:48pm On Apr 28
9jawazobia:
. Comparing Wale to Ngozi is like comparing Musk to Mc oluomo
the thing tire me o
frog12: 12:59pm On Apr 28
i take wale edun over okonjo. wale edun is a thoroughbred profession who takes no-nonsense.
okonjo allowed too many malfeasance such as diezani's corruption

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