Okonjo-Iweala: “I Said Governors, NOT Jonathan, Lacked The Political Will To Save”

Airtel Nigeria Call services
Social sharing

Ngozi Okonjo-Iweala, former minister of finance, says her statement blaming the lack of political will to save funds under the administration of former President Goodluck Jonathan has been taken out of context.

Speaking on the Chilean saving example at the George Washington University on Thursday, the former minister had said “zero political will to save in the last administration” was responsible for some of the challenges facing the country.

But in a statement issued on Friday, Paul Nwabuikwu, media aide of the two-time minister, said Okonjo-Iweala was referring to the opposition of some governors to the efforts of the immediate past administration to save in the excess crude account (ECA) and in sovereign wealth fund (SWF).

“Some recent media reports have distorted comments made by former Finance Minister Dr Ngozi Okonjo-Iweala regarding how lack of political will negatively impacted national savings over the past few years,” the statement read.

“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 is 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.”

About Wisdom Nwedene 8057 Articles
Wisdom Nwedene is a seasoned investigative reporter. He is currently an editor @9News Nigeria and also a social media strategist, writer, freelancer. Wisdom Nwedene has also interviewed many top Nigerian celebrities and Politicians. Contact me via : 07034977317 .To always get our news update on WhatsApp, call or text 'add me' to, 07034977317 or send me message via Facebook : Wisdom Nwedene(https://www.facebook.com/wisdom.nwedene) Share your story with us: +234703497 7317 ( Call & SMS only) Email: Nwedenewisdom@gmail.com

Be the first to comment

Leave your comment

UBA Bank
  • BBNaija: Youths March For Laycon, Give Out Airtime For Voting (photos)

    Social sharing

    Social sharingAs the 2020 BBNAIJA lockdown gradually draws to a close, youths in Ogun State, on Thursday, staged a walk around Abeokuta, the state capital Read more

  • Cardi B Explains Why She Is Filling For divorce From Her Husband, Offset

    Social sharing

    Social sharingAmerican rapper, Cardi B, has explained why she is filling for divorce from her Migos rapper husband, Offset. The rapper gave the explanation via Read more

  • Wizkid to Drop ‘Made In Lagos’ Album Soon

    Social sharing

    Social sharingNigerian music sensation, Ayodeji Balogun, popularly known as Wizkid, is set to release his long awaited album titled ‘Made In Lagos’. Although the singer Read more

  • BBNaija: “It Was A Sad Moment For Me” – Erica Writes About Her Disqualification

    Social sharing

    Social sharing“It was a sad moment for me” Erica Nlewedim writes in first Instagram post since being disqualified from the Big Brother Naija reality show. Read more

  • BREAKING!!Nigerian lesbian movie “Ife” dares Censors Board, set for release

    Social sharing

    Social sharing Nigerian lesbian movie “Ife” produced by Pamela Adie and directed by Uyaiedu Ikpe-Etim is set for release despite stern warning from Nigerian Film Read more