No shaking! Nigeria’s economy won’t collapse  -Okonjo-Iweala

The Minister of Finance, Dr Ngozi Okonjo-Iweala, says rumours that the country’s economy is in ruins are untrue, and that the nation’s economy will not collapse in spite of the challenges being faced.

According to her, the administration of President Goodluck Jonathan had put in place solid economic legacies for the incoming government.

A statement by Paul Nwabuikwu, her Special Adviser on Communications, noted that the Minister said this during a chat with some broadcast journalists on Sunday.

The minister also advised politicians and opinion leaders not to talk down the economy because negative and unfactual comments on the economy can have negative impact on the economy, the exchange rate and the stock market and reduced investor confidence.

She said, “The significant achievements in several sectors attest to this. We cannot take away the fact that the Jonathan administration in spite of the challenges caused by 50 per cent decline in the price of oil has made a clear and measurable difference in many important areas and anyone who says nothing has been done and nothing is being left behind is being very unfair to facts and to history.

“Attempts to rewrite history will not stand. You cannot just wipe the slate clean for political reasons. We are not perfect but no one can take away the fact that we are leaving some good legacies behind.”

She said, “These negative and unsubstantiated comments are not wise because they can lead to what we do not want for the economy”.

 

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now