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Okonjo-Iweala Tells Country “Don’t Touch CBN, Economic Policies That’s Working “
But where things are working to the good, we ask, why fix what is not broken?
Ngozi Okonjo-Iweala, the Director-General, of World Trade Organisation (WTO) has advised Nigerian governments not to tamper with the economic and social policies that are working.
She gave the advise during the Annual General Conference of the Nigerian Bar Association (NBA) themed ‘Pressing forward: A National Posture for Rebuilding Nigeria.’
In a keynote address, Ngozi Okonjo-Iweala, said : “I’m here to speak to all governments of my country, all political parties, all Nigerians, about a positive way forward for the country.
We all understand that where policies are bad and not working, of course politics should intervene.
“But where things are working to the good, we ask, why fix what is not broken?
“No one should tamper with the Central Bank asking for the manipulation of interest rates or exchange rates.
Do not use the Central Bank as a fiscal agent asking for the printing of naira beyond agreed Ways and Means limits as this can fuel inflation.
At the event in Lagos, Ngozi Okonjo-Iweala, decried a phenomenon among the political leaders she labelled as the “not-in-my-administration syndrome” of jettisoning policies.
The economist believes certain sacrosanct policies should not be changed whenever there is a change in administration.
The former finance minister said: “Nigeria today is not where it should be, and our country has not progressed as it should have.
“That is why, more than 60 years after independence, we are still discussing nation-building.
“But we must shift our focus from blame games to concrete actions that tackle present and emerging challenges.
I said this not in recrimination or even in futile regret, but rather as part of moving our country and advancing its interests.
I’m not here to castigate or blame anyone.
“By social contract, I mean a fundamental cross-party, cross-society agreement that certain things in the economy, in the country, in policy and society are sacrosanct and shall not be touched or changed when administrations change.”
News
President Tinubu Cheers US, Nigerian troops elimination of ISIS top leaders, Lauds Trump (Video)
“I commend the personnel involved on both sides for their professionalism and courage, and I look forward to more decisive strikes against all terrorist enclaves across the nation.
President Bola Tinubu, strengthened by the US military Command vows more decisive strikes against all terrorist enclaves across the nation.
President Tinubu was reacting to Saturday’s overnight successful joint counterterrorism operation carried out by Nigerian and United States forces against an Islamic State hideout in the Lake Chad Basin which resulted in the elimination of a wanted Islamic State senior leader, Abu-Bilal Al-Manuki, also known as Abu-Mainok, alongside several of his lieutenants.
In a State House statement issued on Saturday by Bayo Onanuga, the president’s aide, Tinubu said “Our determined Nigerian Armed Forces, working closely with the Armed Forces of the United States conducted a daring joint operation that dealt a heavy blow to the ranks of the Islamic State.
The president stated that early assessments confirmed that the strike targeted the terrorist leader’s compound in the Lake Chad Basin.
Tinubu however expressed appreciation to the United States for supporting Nigeria’s counterterrorism efforts and advancing shared security objectives.
The president also thanked Donald Trump for what he described as leadership and unwavering support in the operation, saying, “I extend my sincere gratitude to President Trump for his leadership and unwavering support in this effort.”
He further commended military personnel from both countries for their professionalism and courage during the operation.
“I commend the personnel involved on both sides for their professionalism and courage, and I look forward to more decisive strikes against all terrorist enclaves across the nation.
Watch Video below:
News
Many Trapped in Abuja Collapsed Building , 3 Dead (Video)
Eyewitnesses said that about 70 workers were on site at the time of the incident at the building located around Gaduwa Estate in the Gudu area.
Tragedy struck in the Durumi 3 area near Gudu Market, Abuja, after a three-storey building under construction collapsed on Saturday moring leaving at least three persons dead.
Eyewitnesses said that about 70 workers were on site at the time of the incident at the building located around Gaduwa Estate in the Gudu area.
Three bodies had been evacuated as of the time of filing this report, while rescue efforts were still ongoing to save other victims trapped beneath the rubble.
Officials and emergency responders were seen at the scene carrying out search-and-rescue operations as anxious residents gathered around the area.
The cause of the collapse is yet to be officially confirmed at the time of this report.
Watch video below:
News
President Tinubu returns to Lagos ahead of APC primaries tomorrow (Video)
Tinubu’s aircraft touched down at about 7:12 p.m. at the Presidential Wing of the Murtala Muhammed International Airport, Ikeja.
• President Tinubu chats with African business leaders during the African CEO Forum in Nairobi, Kenya.
President Bola Tinubu on Friday arrived in Lagos after a three-nation visit to France, Kenya and Rwanda.
Tinubu’s aircraft touched down at about 7:12 p.m. at the Presidential Wing of the Murtala Muhammed International Airport, Ikeja.
A statement issued by his special adviser on information and strategy, Bayo Onanuga, said that the president was received by Lagos State Governor, Babajide Sanwo-Olu; Deputy Governor, Femi Hamzat; Chief of Staff to the President, Femi Gbajabiamila; Speaker of the Lagos State House of Assembly, Mudashiru Obasa; and other government officials.
President Tinubu, while in France, met with global investors, emphasising transparency and fiscal discipline and explaining the rationale for the swift implementation of the bold economic reforms his administration has instituted.
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