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Low Savings: Okonjo-Iweala Didn’t Indict Jonathan’s Administration

Erstwhile Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Friday, debunked media reports which quoted her as blaming the country’s present economic situation on the zero political will of the immediate past government, to save for the rainy day.
Okonjo-Iweala
Okonjo-Iweala Okonjo-Iweala Okonjo-Iweala, who served under the immediate-past administration of ex-President Goodluck Jonathan, said some media organisations distorted her comments, regarding how lack of political will negatively impacted national savings over the past few years.
A statement by her Media Adviser, Paul Nwabuikwu, said: “Contrary to the slant given by these loud headlines, Dr Okonjo-Iweala did not indict the Jonathan administration in which she served. “Rather, she was referring to what many Nigerians already know: the strong opposition by some governors to the Jonathan government’s efforts to save in the Excess Crude Account and the Sovereign Wealth Fund sabotaged this important national priority. “The governors’ criticism of Dr Okonjo-Iweala’s many calls for the country to save for the rainy day are still fresh in the minds of Nigerians. “
It will be recalled that this opposition culminated in the Governors taking the Jonathan government to the Supreme Court in furtherance of their position that the Federal Government had no right to “compel” them to save. “Several knowledgeable persons including former Anambra State Governor, Mr Peter Obi have confirmed these facts. “So, the issue of Okonjo-Iweala indicting the Jonathan administration over this very public issue simply does not arise. “‘We urge the media to always consult for clarification whenever the need arises.

Source: Vanguard

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