Tag: Dr Ngozi Okonjo-Iweala
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‘Fed Govt’s YouWin programme creates 15,000 jobs ‘
The Federal Government’s job creation strategy, the YouWin programme, has recorded its first 15,000 jobs.
Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala, disclosed this yesterday in Abuja during the visit of some of the beneficiaries of the programme to her office.
She said at least 15,000 jobs had been created in the first phase of the YouWin entrepreneurial initiative from the estimated 80,000 jobs targeted under the phase.
The Federal Government, she said, has staggered the job creation initiative into three phase of 80,000 jobs each.
Okonjo-Iweala noted: “With the entrepreneurial capacities exhibited so far by the 1,200 winners, the introduction of the programme by the present administration was not misplaced after all.”
The minister offered to take some of the products of the YouWin participants to President Goodluck Jonathan and Vice President Namadi Sambo to show the programme was yielding positive results. Okonjo-Iweala commended the young entrepreneurs for their creativity, ingenuity and managerial capacities, and expressed the hope that if all stakeholders and partners to the programme give the needed support to the participants, they would become the bedrock of new entrepreneurs.
She commended the coordinator of the YouWin programme in her office Mr. Supo Olusi, for ensuring that the process of selecting the young entrepreneurs embraces the principles of fairness, merit and equality.
The Minister told the youths that they “made her proud because you showed it works. You have brought the products and you brought your spirit into the whole thing. So, we will do it and if we can continue the way we are going that means we can give more and more entrepreneurs a chance in future budgets and this is what we are aiming at.”
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Nigeria to host World Economic Forum
Nigeria is to host the 24th edition of the World Economic Forum (WEF) on Africa in Abuja next year.
The Coordinating Minister of the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, made the announcement at the close of the 23rd edition of the WEF in Cape Town, South Africa on Friday.
The minister thanked the WEF for choosing Nigeria as the next host, expressing the readiness of the country to make the next edition as exciting as possible.
According to the News Agency of Nigeria (NAN), she said that the choice of Nigeria was appropriate given its position and huge economic potential.
“I think we epitomise a lot of things about Africa. We have the excitement, the passion, the entrepreneurship, the private sector drive and the glow for the future.
“But we also epitomise all of the difficult challenges of the continent such as infrastructure deficit, governance issues, corruption and transparency,” she said.
According to her, a combination of these opportunities and challenges in one country makes Nigeria the most exciting place to be on the continent.
Okonjo-Iweala said that the future of Africa was bright, judging by the commitment and passion demonstrated by participants in the forum, especially the Young Global Leaders, who represented the youths of the continent.
The Director General, Nigeria Economic Summit Group, Mr Frank Nweke Jnr, said that the country was excited to be the host of the next WCF.
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Furniture, textile, plastics flood Lagos, other ports
•Freight forwarders petition Minister
The National Association of Government approved Freight Forwarders (NAGAFF) has petitioned the Minister of Finance Dr Ngozi Okonjo-Iweala over the large number of prohibited goods uncleared at the ports.
It urged the minister to advise the Customs to invoke Section 31 of the Customs and Excise Management Act (CEMA) to deal with the uncleared cargoes “in the interest of the economy and revenue generation.”
According to the association, the containers of goods that fall under the prohibition list at the ports are many.
The freight forwarders asked the Ministry of Finance and the Customs to direct the owners to take delivery of the goods after penalising them.
An April 2 letter obtained by The Nation, the Founder of the Association, Dr Boniface Aniebonam, said prohibited imported goods such as furniture, textile and plastic materials and others items were congesting the port.
The goods, Aniebonam said, were not dangerous, but caught under the law meant to protect local manufacturers.
He wondered why the ministry and Customs could not capitalise on this development to enhance revenue generation.
Government, NAGAFF said, would be shooting itself in the foot if it sells such goods as auction.
NAGAFF pleaded for the importers, saying: “We should consider the fact that these importers borrowed from the bank to effect these imports. It will also help in decongesting the ports and at the same time raise revenue for the government, and above all facilitate trade.
“In view of the above, there is the urgent need for the Nigeria Customs Service to engage the trading public and the freight agents in a massive culture of trade compliant awareness campaign and education. This will educate the trading public on why they should obey and respect the import guidelines as well as its enforcement by the government,” the group said.
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Too much money chasing too much frivolity
Between them, three women have partitioned Nigeria into an overbearing and scheming country. It is doubtful whether the three – Dr Ngozi Okonjo-Iweala (Finance), Stella Oduah(Aviation) and Diezani Alison-Madueke(Petroleum) – do so deliberately. But by their policies, and the vociferous arguments they summon to drive them, the country’s fate seems sealed, at least under President Goodluck Jonathan. The situation was probably not better under Chief Olusegun Obasanjo’s presidency, but in those days it was at least difficult to determine where Obasanjo’s overbearingness began and where the conceitedness of his appointees ended. We groped in that fogginess for eight years to 2007 assured that some sort of balance could be conjured by nature itself. Nature, we convinced ourselves, abhorred imbalance. But under Jonathan, there is no fog anywhere, nor is nature keen to intervene.
For a moment, let us put aside the policy parade of the Finance and Petroleum ministers, and instead concern ourselves with the Aviation minister, who is on some sort of rampage. It is of course mere co-incidence that the three ministers are from the Southeast/South-South. Their power and influence – some say dominance – is probably not due to their states or regions of origin. They are influential partly because of their intellects and mostly because of their personalities. When it comes to the debate over finance and poverty, have you ever tried to convince the highly opinionated Okonjo-Iweala that the square of the longest side hypotenuse of a right triangle is equal to the sum of the squares of the other two sides? Forget it; it’s a lost cause. No matter how right you are, she is even righter. If you draw the sword of Pythagoras, she will counter with the shield of Euclid. And you would be lucky to get in a word when she is declaiming on any topic.
Diezani (I mean no disrespect; her first name, which is not common, is simpler to use than her hyphenated surname) is probably the most oratorical of the three, and certainly the most dashing. What degree of persuasiveness she loses by way of conjured or ambiguous facts and figures, especially when she is put to task by the National Assembly and the querulous long-suffering public, she makes up for by way of sheer verbal profundity. It is always an unequal combat when a brilliant but not fluent speaker meets an eloquent exaggerator who can manage to pay occasional homage to logic. Whereas the Finance minister undermines your statistics and makes you doubt the sources of your figures, the Petroleum minister overwhelms you with her rolling words and glacial composure, thawing only sparingly to remind you of her humanity, nay, femininity. Neither of the two ministers is ever able to convince anyone about the fidelity of the facts and figures coming from the two ministries, whether as they concern poverty and the application of fiscal tools to regenerate the economy, or as they concern fuel consumption or the so-called subsidy regime.
Of the three, however, Oduah, who is the main focus of this piece today, appears to be the most daring and enterprising, and perhaps the most energetic. By dint of her obtrusion, she has managed to raise the status of the Aviation ministry from a sedate, backroom bureaucracy to a frontline and, if we should borrow a phrase from modern analysts, cutting-edge organisation. As her obtrusiveness during electioneering showed, when she made the so-called Neighbour-to-Neighbour unit of the Jonathan campaign organisation a powerful instrument propelled by delicate and indecipherable financial engineering, she has a knack for turning water to wine, and turning a molehill to a mountain. Left alone in the Aviation ministry, as the Jonathan government seems increasingly bent on doing, she could soon begin imagining the prospect of developing a rocketry department in the ministry with the objective of putting a Nigerian on the moon, if not next year, then the year after. Her imagination is so fecund that, like God observed of human beings at the Tower of Babel (Gen 11), whatever she proposes to do she was likely to accomplish. But of course I exaggerate, for Oduah’s fecundity is neither profound nor without a terrible price.
During the 2011 electioneering, Oduah knew how to get things done. She has transferred that talent and energy to her present assignment. Somehow, she does not seem to be discomfited by lack of funds. She is renovating, modernising, and in some instances, expanding the airports in the country, of course, in phases. And from all evidence, and by frequent fliers’ testimonies, she is doing the renovation to taste. But that exercise, as salutary as it seems, jars against a sensible consideration of the economics of airports. Might the renovation not be an unsupportable elevation of aesthetics over functionality? Ghana’s Kotoka Airport is not as fascinating as Murtala Mohammed International Airport, but it is better maintained, better utilised, friendlier to travellers, and there is always a general sense of sanity and safety in its precincts. I won’t push this point, however, for Nigerians, high and low, are eternally fond of the meretricious.
Oduah speaks interminably about grandness in the aviation sector without a correspondingly grand and realistic paradigm to support her dreams. She wants at least one International Airport comparable with the best in the world. But in which aspect of Nigerian leadership is there anything comparable with the best in the world? Is it in observance of the constitution? What of the justice system, education, politics, healthcare, and all other human development indicators? This objectionable lack of realism, as personified by Oduah’s approach to aviation matters, is discernible in the attitudes of Nigerian leaders to the construction of State Houses, legislative complexes, official residential quarters, and the headquarters of some powerful ministries, departments and agencies. Oduah’s comparable airport terminal will pander to our outsized ego, and nothing more.
Perhaps the most disagreeable policy to come from the Aviation minister is the decision to float a new national carrier barely 10 years after the same federal government scrapped the old carrier, the Nigeria Airways. The old carrier was scrapped because the government and its World Bank economists argued that governments were notoriously inefficient in running businesses. With maniacal zeal, the previous government scrapped virtually everything publicly owned. Official residences and cars were monetised. Roads were to be offered to willing concessionaires, and even Federal Government Colleges were scrapped. Virtually nothing was to be left in the hands of the government except the privileges of power. Now, they are gradually reversing themselves – a troubling indication of sloppy thinking, official grandstanding and depressing lack of public debate.
When the Aviation minister first mooted the idea of a new carrier, a columnist with this newspaper argued along the following lines: “Oduah indicates the new national carrier will welcome private equity and be jointly and professionally managed to make it a successful venture. In addition, she says, if all things go well, the new carrier could hit the skies before many months. But it was not too long ago, however, that the government invited Virgin Atlantic to invest in the airline business in Nigeria over the ashes of Nigeria Airways. It proved an impossible task after just a few years, as the new airline made huge losses estimated at more than $300m between 2005 and 2010. In 2007 alone, Virgin Nigeria Airways lost nearly N10 billion. Moreover, Virgin Atlantic Limited never took more than 49 percent equity in the Virgin Nigeria project. So, what has changed? Oduah says the government has learnt its lessons, and will not repeat the mistakes of the past. She is confident that a new national carrier operated jointly with private capital will fly. Nonsense.
“If private investors want to come into the airline business either in partnership or alone, the skies are always open. As everyone knows, the skies may be open, but the capital to establish and run airlines here has not always been open or friendly. Airline business has been a difficult one in recent years requiring the help of the government to keep it aloft…It is doubtful whether Oduah can convince anyone of the need for a new national carrier. The idea of a new national carrier is idle and wishful thinking. There is absolutely no basis for it, either financially or managerially…”
And while we were still trying to come to terms with the new carrier bugaboo, Oduah threw us an even tougher bone to chew. According to an aviation source, the federal government plans to buy 30 new aircraft to be distributed to airlines to help them operate better and to crash air fares. Now, if there is a worse malady than this, we would like to hear it. The crazy venture, we are told, is to be funded by the Central Bank of Nigeria (CBN) – would Sanusi Lamido Sanusi countenance this nonsense? – and the Bank of Industry (BoI). Would the planes be given free? If not, would it not further aggravate the financial distress of the operators and encumber their operating costs? And are the CBN and BoI so loaded with idle money that they can be persuaded to throw it on fantasies?
It is not enough to absorb the fact that these three ministers are powerful and influential, or that they give the Jonathan cabinet its steely core; we must also recognise that they are in fact symptomatic of the lack of consistent policy framework required to run a disciplined, transformative and progressive government. The ministers and their policies indicate just how besotted to grand fantasies the government has become, and why their successes will be few and far between.



