In an interview with CNN's Richard Quest, Minister of Finance and Coordinating Minister for the economy, Ngozi
Okonjo-Iweala said this will be a difficult year for Nigeria financially
because of the cash crunch we are experiencing, but said with the
financial assets the current administration has been able to build over
the years, our cash flow will improve over time.
"Under
this administration we began the work of truly diversifying the economy
and the proof of that is that much of the growth in this past few years
that has come to the country has come not from the oil sector but
actually from non-oil sectors like Agriculture, telecommunications,
manufacturing, the creative industries. The fact that oil prices fell by
50% makes it very difficult in terms of cash flow but Nigeria is asset
rich and that is why when people say the country is broke I say no.
In
economic terms, with the kind of assets we have we should be able to
realize some of them to improve our cash flow but it is true that this
will be a very difficult year because of the cash crunch. However we
need to see this drop in oil prices as an opportunity. I gave a talk on
Nigeria beyond oil. I really think with the growth of the country based
on non-oil sectors, we ought to see the fall in oil prices as an
opportunity to further the diversification that has started under this
administration" she said
98 comments:
Eya too bad! Jesu help us. Lindaobserve
Buhari will fix it ;)
I operate on heaven's economy so this doesn't affect me.
NIJIA BETTER NOT BE BROKE..ASSETS IS A GUD ONE...TOMJERRYSWIT
Who doesn't know? We depends on oil and noting more. The oil price is not good for now. We are not the only country affected.
I see where she is coming from and I hope Buhari has some serious economists on his team
madam abeg e don do for you, no day wey cash nor dey crunch. shoro niyen. Hiss
Why won't you praise the current administration,
When all of you joined forces to crush our cash.
This woman don chop money even her face dey reject am, thank God change has surfaced soon she will be crunched too! God bless my country nigeria
Linda the picture of the olx housemaid is now viral...abeg post am
Nigeria is asset rich and so shall it be
even after the new govt takes over.
Una do well. Cash crunch while some have excess of it. And does it affect you all up there?
Difficult year? So long as I have God, it'll never be a difficult year for me.
Your comment will be visible after approval
a.k.a EDWIN CHINEDU AZUBUKO said...
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I sense fear in this womans voice......
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***CURRENTLY IN JUPITER***
Diversification indeed. Anyway one of the diversified sources of our revenue is Diezani. Heard that she coughed out 300 million dollars recently.
Issokay, when una don finish the money over the years
Mrs Iweala, you are a great economic mind. You can spin this whichever way you want. When there's no money in the coffer, this fact remains the fact. National treasury has been depleted. Now, we can argue whether this depletion is through corruption, graft and theft. You talk about asset, that is not visible to Nigerians. Is this some game of abracadabra. I don't know how you can make me believe want you cannot prove. I hope there's some kind of accountability for looting the treasury dry.
Remaining you, okonjo iweala to seek Asylum in other country when d new administration begins in earnest, since a mother who have children could be this wicked by conniving to steal public fund, you will soon face the wrath. Why did leave world bank to take up ministerial work, co-ordinating minister my foot.
This glorified olodo woman has single-handed ruined our economy! Smh!
Hnmmm!!! if i hear
You and Madueke are going to Jail....You two devilish women ruined this Country !!!
After jona gave away all our money to celeb endorsement ! Good year for them tho
Wepu nu nwanyi a
Amaghi m ihe O na-eme
Linda nah wah for you bloggers o!!! i watched this interview on quest means business yesterday and it was a great interview! But trust u to only highlight d bad part of the interview!
okonjo iweala....u are a barstard......u and ur generation will end up in jail.
Why won't Nigeria be cash crunch after all d billion Jonathan spent for campaign
Good for her, and thank God her time is over. Let her park well.
Bitch pls.
Shut Da Fuck Up.
This Whore is a Fraud. A pure Con-Artist.
Not now o, biko
How won't we face cash crunch when you people have stolen and hidden billions. Go and enjoy your loot in peace. But mind you, wahala must burst if you try to touch Buhari between now and 29th and your heads will be soaked in hot oil.
Why wouldn't we have cash crunch when you've mismanaged the economy from obj down to GEJ al we got was promises an paper economic growth
Trillion
Okoro Iweala the thief.
It ur mother u r calling all those names. U seem to lack decorum, and respect for elders. Wht a shame.
GEJ has been spending $$ billions of dollars in cash and you sit don there dey yarn like mumu. Criminal oshi!!
After u nd ur oga Jona has loot Nigeria dry. Why Nigeria will not face cash crunch? U all u will not go unpunished Mtcheew!!!!!
See name calling abeg, una no get respect?
See name calling abeg, una no get respect?
We v 2 experience cash crunch cos over 1.6trillion ws spent on campaign, 500million on fud etc. Olorun koni fun gbogbo yin ni isimi. Obasanjo came n paid all d debts, Ya'adua came n pumped money in2 our international savings acct bt jonathan omo oni nakuna came n lavish all d money, so buhari wl come now n start paying debts again abi, e no go better 4 all of una.
She has tried, and thumbs up to well. I wish her well.
Very simplistic answers you'll expect.
Afterall, we have so many kids on the internet.
People can't talk without rage and dooling out baseless accusations.
The govt has failed but mostly in education because what we are producing well in this country seems to be a remarkable number of illiterates and glorified semi literate people.
Don't listen to wise and informed speech to help you understand what aspect of the economy to invest in and how to plan your company's cash books, keep accusing and making noise.
Okonjo is a learned woman. A juggernaut. Her CV has lips, it speaks. After this administration, she will return to the IMF to continue her career while you languish on blogs insulting a woman none of your mothers can lace her boots abi na tie her wrapper.
Everything is left for time to tell. You guys surely lack knowledge if you think Buhari will drag people out of their houses to court, to prosecute them. Or no, he will lead them straight to prison witgout trials. Do you know how much time, energy it takes to prosecute financial crimes. So much auditing and inquiries. Do you think you can try someone for a crime without evidence?
Rather, they will sue the government and collect heavy damages. Ask Aminu Ogwuishi.
Linda, you should not give illiterate truant students and market men a platform to spill their bin. Edit comments.
Yeah i said it.
Go slit ur wrist after dinner.
Its well wit us IJN, and no cash whtever wil ever affect us.
Good woman. Great brain
Why won't there be crisis when billions from govt accounts are transferred to private purse??? All she likes to do is talk
Well done Madam Iweala, your meritorious service will not go unrewarded.
Cash crunch ma ass. Wen de av finished sharing it among themselves and used d rest in campaigning n trying 2rig elections abeg mk she know tell us dat tin
fat ugly slut CIA agent
Make she go nyash down jor
The money which she and her cohorts have stolen, viz Diezani Allison-Madueke, Oduah, Patience etc, including their boss (GEJ), should be immediately retrieved and returned into Nigeria's coffers. It is obvious that they have looted the treasury.
this woman is the worst thing that ever happened to GEJ administration always declaring austerity measure for the masses.
Welcome Okonjo's son. Where did she keep your father today? Enjoying the loot with her is sweet but you can't stand the insult. Ndi ara! You haven't seen where someone with first class failed interview and 2nd class did better?
@anonymous,am 100% sure u are a sadist and a fool for typing all those shit,even if ur own mother is not rich,mine will b rich with pure money not d type of dirty money ur aunt okonji owela stole from nigeria pocket
...I know all d money they are stealing is the masses dat will suffer it....stupid government (PDP av been failing us since 16yrs ago)....
Thought the said the economy is positioned for greater Heights now it's cash crunch they're are talking about. Which one person go believe?
Shoroniyen......Lindaobserve
Nawa o.
With more than 6+ years (carryover from OBJ) and you couldn't do anything, now who do you want to listen to this thick-lipped lizard? Take your economic advise and shove it down your rear end.
"Today Nigeria is not broke...tomorrow Nigeria faces cash crunch" So much inconsistency in GEJ administration, pls you guys shd handover ASAP to a more competent govt. Enuf of these lies!!!
Azzin Olivia Pope the fixer? It's well oh!
Na thunder go strick every govt who no want d progress if this country.GEJ and dis woman don dry this country
As long as e nor affect d cash in my hand and one I have in d bank...all dis candy crunch....sorry cash crunch u people are sharing....daris is God oh
this wonam is trying to gain ground in Buhari's administration again. Madarm, pls can you answer the former CBN Governor concern the acquisition put towards you. you embezzled 20billion naira, now you are saying nigeria is cash cruahed. no b you finish nigeria? thief
Why won't there be "cash crunch"? When she, Diezani and their other goons have drained our coffers dry with their mindless corruption and embezzlement. Their own pockets are full while the masses can't say the same. Look at her over stuffed Cheeks. May God judge and punish all those responsible for the woes of this country!
Buhari na Olivia Pope??? Buhari na Jesus? smh....
HOW MUCH WAS SPENT ON ELECTION UNDER YOUR WATCH !!!. NOW YOU WANT TO RUIN BUHARIS LEGACY . I CANT WAIT FOR YOU , MAMA PEACE, WIKE AND THE LIKES OF YOU TO BE THROWN INTO JAIL. ALL YOU DID WAS TO PROMOTE YOURSELF INTERNATIOALLY AS FINANCIAL MINISTER OF THE LARGEST FAILED ECONOMY IN AFRICA ! SHAAME ****very angry now. mcheeew .
WTF IS THIS CACOPHONIC BULLSHIT THIS NASTY KLEPTOMANIAC WROTE HERE. IT'S HARD TO BELIEVE ANYONE INVOLVED WITH THE RIDICULOUS LOOTING THAT THE GEJ ADMIN DID WOULD EVEN MUSTER UP THE COURAGE TO MAKE THIS STATEMENT. IT'S PURE EVIL
THIS WOMAN HAS ZERO RESPECT FOR NIGERIANS AT ALL, THREW CAUTION TO THE WIND WITH THIS BLATANT LIES AND GOD FORBID THERE MIGHT BE A NIGERIAN OUT THERE WITH A BASIC GRASP OF ECONOMIC TERMINOLOGY. SHE SPEAKS OF ASSETS? WHAT ASETS? THE REMAINANING HANDFUL OF THE NATIONAL INFRASTRUCTURE THAT HAS NOT BEEN SOLD TO OVERSEAS PROSPECTORS? HORRIBLE PEOPLE
we have heard amebo mind your business ...shut the door after you...
Thanks for this brilliant piece. Unfortunately, Linda is no different from her gullible readers hence the reason she can't edit comments.
Likewise
Iam not afraid. I. operate heavenly economy. My God can never disappoint me.I will not be cash crunched iJMN.
Thank u o....she think we be mumu na
Mumu woman
Pls buhari should arrest this bitch shebi when soludo cried out she quickly replied with baseless facts well change of administration don reach an she is already fidgeting.....plsssss she is a thief and a political whore
#bringbackourmoney #kirikiri
Like I said before the elections...Nigerians are in for a lotta hard times this year. This is 'cos the current govt has looted the treasury and the incoming govt. has no choice but to adopt some purse tightening measures just to break even. Sad
Both the writer and Victoria are the illiterates here and it is that illiteracy that makes u comfortable with incompetence... does a CV stop u from being a thief? or we can't be outraged by blatant mismanagement again? Nelson Mandela, martin Luther King and even Jesus christ all expressed their anger through different platforms which is what those esteemed libers were doing and even if u question their choice of words u failed to realize that u were doing the exact same thing! I think ify is right u must be related to Mrs iweala if not ur education is just a terrible embarrassment and a "glorified" waste of money. Thanks
Where is our $20 billion?
Look at this way dude,your mother's a thief...is that simplistic enough 4 ya?
Woman be quiet, no be you and jonathan and his vampires eat the money. .smh
Amen my sister. ..the vampire of a woman and jonathans people all stole it.
Amen ooooo
This is how they glorify all people that go to harvard, Yale and all to come and deceive nigeria and steal their own...it's not by the uni u go to or the bookworm that u are...go ask linda..na baba God go save nigeria.
As in ehn..hmm
Lool @rarespecies....why after dinner though lol
I'm not an Economist so I cannot contribute
Half on the people on this blog site a talking rubbish. I now see why students are doing so badly in WAEC and JAMB. Simple macro economics cannot be understood. That is why the electorate don't demandfor manifesto or policies of a party but instead vote for individuals that make the loudest noise and criticize the most. A BIG FAT SHAME !!!. Our country would move forward if the electorate especially the younger ones become more educated and less hungry. I bet most of you on this blog are not thinking of how you can key in and make money based on the policies the new administration have been revealing over the past couple of days instead you will come on the blog site and insult somebody that has more sense than all of you combined together times 2. If you don't have the brain power to key in, you will still remain jobless in the new dispensation.
Madam I used to respect you but for the past 2yrs you have disappointed Nigerians for joining them to loot our money God knows all human hidden agenda. The end shall tell
Dem no know before abi?
They had to wait for the fall in oil prices before realising.
Before the oil era, what were we sustaining Nigeria with?
What was the currency of the Naira then?
But because of quick money and corruption they abandoned the natural resources God blessed Nigeria with.
How can a country this rich with resources be suffering like this?
It's very sad but I believe things will get better but the betterment of the country depends on you and me and how we play our parts in developing the country.
I reiterate my words.
You are illiterates, jesters at best...
I'm not related to Okonjo
But we in the international community understand her influence and brilliance.
The poor woman stunted the growth of her career by staying in Nigeria to become a local minister.
You think if someone like that stole, she'll leave the trace for you woodpeckers to detect. Like I said, you people know nothing about finance and how things are done. Education is key.
Stop sitting on blogs to cast aspersions on superior people. Register for courses and stop this cacophony. Help our country.
I'm a Nigerian and American lawyer. I specialise in commercial and company practice. I'm acquainted with financial crimes prosecution too. You people are really very shallow. Linda, I rarely comment but you're doing a disservice to your blog by letting these uninformed and dense students take the day. Open your eyes.
Shut up idiot anonymous literate, harvard graduate Mr Lawyer and whatever damn title you wanna add. You are definitely related to Mrs Okonjo Iweala. All you have succeeded in saying is that your mother or aunt or relative is a thief but because she and your family members are well learned, y'all can steal our money without a trace and theirs nothing we can do about it. But that's where you are wrong. You are just here typing irrelevant grammar. Your mom/Aunty/relative or sugar mommy is a thief and she will surely pay for all stealing she has supervised. If she's not responsible for the cash crunch, either by being part of the looters or turning a blind eye to the milking, then educate us.
May God punish Ngozi, didn't she tell us some months back that our economy is as solid as a rock? It is u dat will face cash crunch by d time u r locked up in Kirikiri.Bastard
i don't want to say much.But what ever respect this woman has in international community.will not change the fact that under her watch billion were paid for oil subsidy without proof or appropriation.when they ask her who approve the payment she simply said i don't no.If such fraud is going on under her watch i don't care your qualification she is culpable.
i don't want to say much.But what ever respect this woman has in international community.will not change the fact that under her watch billion were paid for oil subsidy without proof or appropriation.when they ask her who approve the payment she simply said i don't no.If such fraud is going on under her watch i don't care your qualification she is culpable.
I would jail this woman if I had my way
I would jail this woman if I had my way
Thank you Madam iweala for always telling the truth in the face of inconvenience. Now, that's professionalism.
If only Buhari can leave this woman to handle the economy for another few years, things would change in great way
Madam Iweala is a model to young ladies across the globe. We should support her.
I just love this woman. She is a great.
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