Okonjo Iweala Declines to Serve in Buhari’s Government, Gives Solutions to ailing Economy

Past Minister of Finance, Ngozi Okonjo-Iweala, has stated that She would never serve under the Muhammadu Buhari led administration.
Okonjo-Iweala disclosed this on The Stream on Aljazeera.

“One of the things you learn as you get wiser is to talk less as you grow older. I have spent my time contributing to the country. It will be better to leave those managing the economy to do what they know how to do. There can be solutions.

“I am not a typical politician. I went in as a technocrat. I think on the continent we have seen a period when the economy was doing well. In the last two years, we have been experiencing challenges.

“We need to focus on the basics, which are macro-economics. You must get the fundamentals like having a stable exchange rate and having inflation under control. I served my country for seven years and it was a great honour. The second time was very tough but it is still an honour.

“I am not the only person who is a repository of knowledge. There are other people who can equally try their hands in running the economy. I will advice young people not to wait for employment. They should create jobs to employ six people or more.

“During my time in government, we had a programme called ‘You Win’ designed to support young entrepreneurs.

“The whole idea was to have a business plan competition. The idea was that they should create jobs. And each created nine to 10 jobs. The World Bank did an evaluation of it and found it good. I do believe that the government should come in.

“We started a peer to peer mentoring. Now, one of the things I want to say is that creating employment is not only about struggles, it is about managing success.”

“It was a very tough fight. I must thank my team. You don’t do it alone. I had the support of an economic team in the Ministry of Finance. It was tough because at the end of the day, you need to have some principles.

“The average life span of a Finance Minister is two years in a country. No one likes a Finance Minister because it is the business of saying no. It is very difficult and challenging. It was interesting for me. I wish I had seen myself as wielding power.

“All I saw was the job because I was seeing myself working for the country.”’