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The Lesson of Ngozi Iweala's Loss of World Bank Presidency

05/03/12

The Lesson of Ngozi Iweala's Loss of World Bank Presidency

*The Lesson of Ngozi Iweala's Loss of World Bank Presidency

-Masterweb Reports (Submission By Chuks Ibegbu)

I knew right from the beginning that it would be easier for the carmel to pass through the eye of the needle than for Dr Ngozi Okonjo-Iweala to be the next World Bank President. As a student of history, international politics and economy, I knew that USA and Europe cannot commit class and geo-politcal suicide by relinquishing the headship of the WORLD ECONOMIC CZAR, the World Bank to a woman from a third world country, more so from a nation that has refused to get it right in everything. How on earth do we expect EUROPE AND USA to take such risk even with Ngozi Iweala's impeccable academic records and chains of degrees.

How on earth will a nation that has refused to get it right in her human rights record, politics, economy and infrastructures be trusted with such a global position. I am not one of those carried away with the fake patriotism and self-deceit that have kept us where we are today. A spade must be called a spade. ( Continues below..... )

Nigeria Finance Minister Ngozi Okonjo-Iweala

Photo Above: Nigeria Finance Minister Ngozi Okonjo-Iweala

One thing Africans and the third world have refused or ignored to realise is that the world geo-economic and even geo-political order would continue to disfavour them until they build stable, and prosperous polity that would command the respect of the world. Granted that most problems in Africa and the third world were caused by Europeans, is it not enough time since the era of decolonisation for Africans and the third world to get it right and device home grown developmental strategies? It was this home grown strategies that made the former Eastern region of Nigeria the fastest growing economy in the third world in the 60s. Okpara, the Premier of that region did not need truckload of dollars or pounds to fastrack the Eastern economy. What he needed was the will power which many of the rulers of this generation either lack or are not ready to imbibe. Awolowo did it in the West. Ahmadu Bello did it in the North.

The interest of the present rulers is colossal SECURITY VOTES, IMMUNITY FROM THEIR CORRUPTION, AND MAINTAINING UNCONSTIUTIONAL OFFICES LIKE THE OFFICE OF THE FIRST LADY AT FEDERAL, STATE AND LGA LEVELS. Their interest is far removed from developing Nigeria, forget about their preachments and lip service. ( Continues below..... )

Map of Nigeria

Photo Above: Map of Nigeria showing some major cities and Federal capital (Abuja or FCT)

Coming back to Ngozi Iweala again, she lost out to a world economic order that has no place for economic and political weakling and toddlers. The same thing happened to Nigeria in the choice of AU chairman, and other continental bodies. Something is expected from Nigeria by Africa and the World but they are awefully disappointed to see Nigeria as a GIANT ON MOSQUITO LEGS.

Well, Ngozi has tried her best. She should now get to work and see how she can influence her employers to turn a new leaf. By the way how come Nigeria paid colossal billions of dollars to the so-called creditor nations when OBJ was in charge and NGOZI as the Finance Minister then and yet we are worst-off today? The lesson all should learn is that it is not verbose theories and imperialists grandstandings that can save Africa. It is only prudence and homegrown economic measures that can do it. Europe and the West would continue to claim that we owe them and our naive rulers would fall into their antics only to discover that its all APRIL FOOL. WHAT A PITY.

CHUKS IBEGBU
A POLITICAL AND ECONOMIC ANALYST
WROTE FROM ENUGU
08035410176

Article Source: Masterweb Reports

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2 comments

Comment from: Osa [Visitor]
OsaThere is an old saying that "charity begins at home". How can your home be so dirty, and u want to help other manage their home. They will suspect nothing more than what is practice from whence you come. Nigeria need to clean up, and put on new cloths, if she expects to be respected in the world stage. What leadership would you expect from a Nigerian, except we first show example with the office we presently hold. What respect would you render a country rated the 5th oil producer in the world, yet import and refine her crude oil from another country. What respect would you render a country with so much oil and experience cronic petro shortages. What respect would you render a country, that is considered rich, but can not sustain 24hour power supply, what respect does Nigeria expect when her infrastructure is in abandoned decay, and roads are not motorable, and justice is for the well to do, and education is too expensive, which for a previledged country like ours, education should be mandated and free for all. A person from these tartered ruin can not champion the ship of the world economy. What leadership is to be expected of such individual, the type practiced in your home country? Iweala must practice what she proposed to render the world economic body to the betterment of her country, and maybe the world bank will regret passing up on her. Way to go madam minister.
05/03/12 @ 20:21
Comment from: Desola Adekunbo [Visitor]
Desola AdekunboI don't believe Dr. Iweala is a lover of 'verbose theory' as you have stated. She has concrete achievements as the minister of finance in Nigeria.

We all know that the task of rebuilding a broken down economy as that of Nigeria will take an extraordinary gut and time.

And I think that a consensus did emerge during and after the World Bank run of Dr. Iweala that she knows her job very well and committed to seeing through the reform being carried out.

I'm confidence that things are shaping out positively in the Nigerian economy.
05/04/12 @ 09:18

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