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Okonjo-Iweala Spent Years Getting Nigeria Out Of Debt – Buhari’s Ex-Minister

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The Deputy Secretary-general of the United Nations (UN), Amina Mohammed says Ngozi Okonjo-Iweala, two-time Minister of Finance, spent years to get Nigeria out of debt.
She, however, said the country was now back to worrying levels of debt.
A video published by the International Monetary Fund, (IMF) last Wednesday shows Mohammed, the immediate, past Minister of Environment, in Nigeria, expressing her worry on the rising level of debt in Nigeria and the rest of Africa.
While speaking at the UN working together conversation with Christine Lagarde, the Managing Director of the IMF, Mohammed had agreed with Lagarde that Okonjo-Iweala was very influential in the debt relief Nigeria secured in 2006.
She also said the UN and IMF must have better conversations on the demands of a growing economy, seeking ways to make growth better and inclusive.
“As I was coming up from New York, some of the concerns that came up from the meeting we had in China just recently and reports that we have; the debt issues are really big, I mean, having experienced what it was for Ngozi (Okonjo-Iweala) to get debt relief.
“It took her a few years to convince people, and we are now back again in my country, with a level of debt that is worrying, but it’s happening all over. Africa, is that the way we want to go?
“I think we really need to sit down and have a better conversation about all the asks of a growing economy; that needs to be inclusive, it needs to succeed, because stability is needed more than ever today, across our countries and where we are working.”
Before 2005, Nigeria had an external debt stock of $36 billion, which had been carried over from the military years, dating back to 1985.
In October 2005, with Okonjo-Iweala as finance minister, Nigeria and the Paris Club announced a final agreement for debt relief worth $18 billion and an overall reduction of Nigeria’s external debt stock by $30 billion. The deal was completed on April 21, 2006, when Nigeria made its final payment and its books were cleared of any Paris Club debt, bringing Nigeria’s external debt profile to just $3 billion while domestic debt was only about N1 trillion.
As at June 30, 2018, Nigeria’s total debt profile, according to the Debt Management Office (DMO) had risen to $73.21 billion or N22.38 trillion.

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RSG Alerts On Orchestrated Media Campaign

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The Rivers State Government has raised alarm over alleged moves by some critics of the government to use selected media houses in the state to denigrate the state government.
A statement signed by the state Commissioner for Information and Communications, Pastor Paulinus Nsirim, yesterday, reads, “The Rivers State Government is aware of clandestine plans by the All Progressives Congress (APC) in Rivers State to use selected media houses in the state to denigrate the government of Governor Nyesom Wike.
“This is as a result of the intimidating sterling performance of Governor Wike in infrastructure, healthcare, education, agriculture, rural transformation, housing development, administration of justice, social welfare and sports development.
“This orchestrated campaign spearheaded by a defeated and dumped governorship aspirant of the APC, Dr. Dakuku Peterside is designed to portray the government of Governor Wike as one that is not meeting the developmental aspirations of Rivers people.
“However, the uncommon transformation of the 23 local government areas as witnessed during the last six years of projects commissioning and flag off shows clearly that Governor Wike is actually meeting the yearnings of the people.
“The fact that Rivers people that turn out en mass at the various projects sites to heartily welcome their beloved governor and his guests drawn from all political divides is a clear indication that Rivers people can no longer be swayed by cheap politically induced blackmail.
“The truth of the matter is that the APC government that boasted that Governor Wike will not see money to pay workers’ salaries and execute projects has been humbled by the revolution in governance currently witnessed in the state.
“Instead of people like Dr. Dakuku Peterside and his acolytes to eat the humble pie, they are busy looking for cheap popularity through sponsored appearances in the media.
“No matter how hard these detractors push their propaganda, Governor Wike will never be distracted in executing his social contract with the people of Rivers State.
“In the next few weeks, more projects that have direct bearing to the lives of Rivers people will be unveiled.
“Governor Wike’s promise to continue working as if this is his first tenure and not abandon any project remains sacrosanct.
“Rivers people are watching those whose stock in trade is to dance naked and pray that they continue as merchants of mischief, falsehood and baseless allegations.”
“The people of Rivers State love Governor Wike whose outstanding achievements in salvaging the state from the dearth of basic infrastructural development required for speedy socioeconomic transformation has received national and international applause.
“Therefore, no amount of negative propaganda by the failed APC can diminish the legacy of Governor Wike in Rivers State.
“Rather than launder the thoroughly battered image of the APC, such media appearances by Dr. Dakuku Peterside and his cohorts will further expose APC’s penchant for lies and deception which is now a public knowledge.
“The former governor of Rivers State, Dr. Peter Odili, has confirmed that Governor Wike is the best Rivers State has produced.
“’I have been there. And I make bold to say Governor Nyesom Wike, you are the best,’ Dr. Odili said.
“Odili’s comment serves as an answer to those masquerading as informed commentators with puerile and suffocating commentaries”, the statement added.

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Bandits In Trouble As Super Tucano Aircraft Arrives

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The first batch of A-29 Super Tucano aircraft has arrived in Kano, yesterday, at about 12.34 pm.
The NAF Director of Public Relations and Information, Air Commodore Edward Gabkwet, confirmed the arrival of the fighter aircraft in a statement.
“On hand to receive the aircraft were the Hon. Minister of Defence, Maj-Gen Bashir Magashi (rtd); Chief of Army Staff, Lt-Gen Farouk Yahaya; and Chief of Air Staff, Air Marshal Oladayo Amao”, he said.

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We’ve No Patience With Failure, Oyedepo Lashes Out At Sacked Pastors

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The General Overseer and Founder of The Living Faith Church International also known as Winners’ Chapel, Bishop David Oyedepo, has reacted to the recent sack of over 40 pastors by the church.
One of the affected Pastors, Peter Godwin, took to social media, claiming they were sacked for not generating enough income.
Godwin, who was in one of the church’s branches in Ekiti State, had claimed, “I was told by the management that the church doesn’t operate at a loss.
“They also told me that the total income that is being generated from my station should be able to cater for my welfare and accommodation, so as a result of low income, I’m hereby dismissed.”
Reacting to the allegation in a video posted on the social media, Oyedepo said the sack of the pastors was not about money, adding that the latter were sacked as a result of their failure and the church “has no patience with failure.
“Money? Nonsense! We have never lacked it, and yet, we have never prayed for it.
“We are just simply obeying God, and He is backing up what He is asking us to do. Awesome God,” he noted.
On those criticising the sack, the GO said, “People are confused about our ministry. I learnt some fellows said, you know, they are not bringing income, that is why they asked them to go”.
He added, “We asked you to go because you are unfruitful. Unfruitful! Blatant failure. Doing what there? We have no patience with failure here.
“When we employed 7,000 people at a time, social media was dead.
“We have more employees in this organisation than most of the states. No one is owed a dime salary and we don’t borrow, we don’t beg. Ask our bank whether we take overdraft.
“We are covenant bound, working in the light of God’s word, enjoying an open Heaven.”

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