“Nobody steps into the same river twice.” Chinese Proverb. On Thursday, November 27, 2014, the PUNCH, on page 14 reported as follows: “Don’t blame me for naira devaluation – Okonjo-Iweala.” In the report, the Minister of Finance, was quoted as saying that “Nigeria has what it takes to manage its way through. Benchmark for the budget 2015 had been lowered to more realistic $73 per barrel. Never in the history of budgeting in Nigeria had a Finance Minister been so often wrong as Dr Ngozi Okonjo-Iweala had been this year. But before presenting the irrefutable evidence, a quick remark is needed about her self-acquittal from blame for the devaluation. Certainly, the Finance Minister cannot be blamed for devaluation. However, Dr Ngozi, like a serial offender, had simply addressed the one matter on which she will be exonerated. She had left the other charges of incompetence, self-serving public utterances and subordination of the national economic interest to the political ambition of her boss. In that regard she had done severe damage to the economy and to President Jonathan himself. Her departure, either through resignation or dismissal is a matter of time. And the reasons are not hard to find.
Posted on: Sun, 07 Dec 2014 11:34:30 +0000
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