The ‘New PDP’ (4)

By Matthew Mahmood



Dr (Mrs) Ngozi Okonjo-Iweala

The Rivers State Governor Rotimi Amaechi and Nigeria’s Finance Minister Ngozi Okonjo-Iweala disagreed on the state of the nation after the new PDP called for her resignation due to lack of performance in office. It must be emphasised that the former World Bank Managing Director was Nigeria’s Finance Minister in 2003 and resigned as a Foreign Affairs Minister in 2006. She was re-appointed as Nigeria’s Finance Minister in 2011.

Shortly after she was re-appointed by President Goodluck Jonathan, she said that her job was to create employment which was giving her sleepless nights. She probably lost touch with reality since she started her current job due to reasons that are unknown. The figures she presented as her defence for job creation in Nigeria is not showing on the average school leaver or graduate. At the same time, the Presidency should not have shifted all the nation’s unemployment problems on her as if she were a magician. Moreover,too much was expected from her because of her previous international position.

Some supporters of the presidency were fond of accusing critics of not offering solutions to problems. You don’t need to be a finance expert to create employment anywhere in the world. A few years ago, we made comments on job creation that was not of interest to the Federal Government. The hints that the Presidency took seriously was that of rice production and the appointment of a counter-terrorism adviser although he was later sacked and replaced. The appointment of a counter-terrorism adviser gave us a rest of mind. Of course, some websites and forums also mentioned rice production. We mentioned outsourcing but today the Ugandans were quick enough to beat Nigerians to it. What a big shame for the Nigerian employment sector especially in ICT? Outsourcing jobs are expected to create 100,000 jobs in Uganda yearly and the Ugandan Government recently opened a 'two billion business process outsourcing incubation centre'.

Previously, we commented on revamping the good old “Igbo-made” industries but nobody cares! Jonathan showed too much interest in ‘the annual bilateral trade between Nigeria and China’ when Nigeria should be competing with China. It is easier to create employment in Nigeria because it is a developing country unlike developed countries. Is she actually too big to be a finance minister since she took on bigger responsibilities at the World Bank? Those calling for her resignation were right since the President failed to include her name in the list of nine ministers that were recently sacked. She rebuffed her critics by saying, “I will not resign, I dey kampe”. ‘I dey kampe’ means I am alright in Pidgin English but most suffering Nigerians cannot say that. To make ‘I dey kampe’ worse, it was former President Olusegun Obsanjo’s phrase.

A lot of people were disturbed when she said that Nigeria was not broke but Amaechi recently said that Nigeria’s economy is down. We will refer Nigerians to a political programme Focus Nigeria on OHTV where author Dele Owolowo argued with Nigeria’s High Commissioner to the UK Dr Dalhatu Sarki Tafida. Owolowo said that Nigeria is developing below the expectations of a developing country therefore it is under developing and should be competing with India and China. It’s high time Okonjo-Iweala stops patching the Presidency and tell the nation the truth about the country's economic status. For instance, the Federal Government has disclosed that there could be less revenue or less export of crude oil in 2014. That is not what the Federal Government should be saying without planning and stating how to withstand the shortfall so that it does not have much effect on the nation. Bad news? Yes, it is bad news when the nation depends on crude oil revenue rather than look for alternative forms of exportation or revenue.

I won’t resign, Okonjo-Iweala says, as Governors’ Forum wants her out
FG: Nigeria to Witness Downturn in Crude Oil Export in 2014
Unemployment giving me sleepless nights — Okonjo-Iweala
Okonjo-Iweala: I Dey Kampe, I Won’t Resign
Nigeria is not broke – Finance Minister