Nigeria’s Economy Not In Ruins –Okonjo-Iweala | Independent Newspapers Limited
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Nigeria’s Economy Not In Ruins –Okonjo-Iweala

Posted: May 11, 2015 at 12:15 pm   /   by   /   comments (0)

By Ejikeme Omenazu, Lagos

COORDINATING Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said that the allegations that Nigeria’s economy is in ruins are absolutely untrue.

She stressed that despite the various challenges facing the country as a nation, her economy will not collapse.

According to a statement issued by her Special Adviser on Communications, Paul Nwabuikwu, on Sunday May 11, 2015 night, the minister stated this during a chat with some journalists.

She said that the President Goodluck Jonathan administration had put in place solid economic legacies for the incoming government, noting that allegations that the economy was in ruins were untrue.

According to her, “Despite the economic challenges the country is facing, the Jonathan administration is leaving some solid economic legacies for the incoming Buhari government. So, the allegations that the economy is in ruins are absolutely untrue.

“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 advised politicians and opinion leaders not to denigrate the economy because negative and false comments on the economy could have negative impact the economy, the exchange rate, the stock market and reduce investor confidence.

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

“There is nothing wrong with factual assessments of the economy; I have always told Nigerians the truth about the economy. But, sweeping and negative statements are not in the interest of the country.”