Skip to main content

From ‘poorly Qualified’, The Economist Says Adeosun Is A ‘tenacious’ Minister


The Economist — the English newspaper that referred to Kemi Adeosun, Nigeria’s finance minister, as “poorly qualified” eight months ago — now says she is a “tenacious minister” fixing the country’s economy.

In November 2015, The Economist said Adeosun, who has over two decades of experience in financing and capital management, had only managed one of Nigeria’s smaller  states.

“However, the new finance minister, an accountant who cleaned up the books of one of Nigeria’s smaller states, is poorly qualified for the job,” The Economist had said.

But in less than a year on her job, the paper now sees Adeosun as helping Nigeria get control of its earnings.

“In an effort to fix this, a tenacious finance minister, Kemi Adeosun, has told skint governors that they must make their finances public before they receive a second federal bailout,” the newspaper said.

“She has struck thousands of ghost workers off the public payroll. Her ‘treasury single account’ (TSA) may be the biggest coup of all. It replaced a labyrinth of government piggy banks, giving Nigeria more control of its earnings.”

It added that financiers reckon that Nigeria’s TSA “could serve as a lesson to others in West Africa as well”.

The Economist further explained how President Muhammadu Buhari has been fighting corruption in Africa’s  largest economy.

“Mr Buhari’s government has been learning from other crusading countries, such as Georgia. But not everyone is impressed. His political opponents, who ruled Nigeria for 16 years until 2015, call the campaign a witch-hunt.

“There are reasons to doubt the capacity of the anti-corruption agency—and of the courts—to hold the powerful to account. The EFCC is yet to send down any of its most influential adversaries, though it is splurging on training for prosecutors.

“Under new management, the Nigerian National Petroleum Corporation has grown slightly less opaque: it now publishes monthly financial reports.”


https://www.thecable.ng/extra-from-poorly-qualified-the-economist-says-adeosun-is-a-tenacious-minister
Post a Comment

Popular posts from this blog

U.S. Military Helicopter Crashes In Iraq On Thursday, Killing 7 People On Board

One of the U.S. military helicopter in Iraq has crashed after hitting a power line in Iraq's western Anbar province, killing all seven personnel aboard.

According to a statement from Pentagon this morning, the officials said the crash of the HH-60 Pave Hawk helicopter occurred Thursday afternoon near the town of Qaim.

"All personnel aboard were killed in the crash," Brig. Gen. Jonathan P. Braga, director of operations, Combined Joint Task Force - Operation Inherent Resolve, said in a statement.

"This tragedy reminds us of the risks our men and women face every day in service of our nations," he said. "We are thinking of the loved ones of these service members today."

The statement further said;

Wife Of Donald Trump Junior Files For Divorce

(Reuters) - The wife of Donald Trump Jr., the eldest son of U.S. President Donald Trump, has filed for divorce in New York, according to court records.

Vanessa Trump, a former model and actress, and Trump Jr. said in a joint statement on Thursday: "After 12 years of marriage, we have decided to go our separate ways."

The statement was provided by the Trump Organization, the president's business empire, which his son helps manage.


Further details were not immediately available on the uncontested divorce filing by Vanessa Trump in a New York state court. She and Trump Jr. have "enormous respect" for each other, according to the joint statement, which also asked for privacy.

Prison Officers Secretly Move Charles Okah To Borno Prisons After Life Sentence

Charles Okah, the brother of the leader of the Movement for the Emancipation of the Niger Delta (MEND), who was given a life sentence for terrorism, has been secretly moved from Kuje Prisons, Abuja, to one of the prison facilities in Borno State, THISDAY has learnt.

Worried about his seeming familiarity with the prison environment and the officers at the Kuje Prisons, the authorities of the Nigerian Prison Service (NPS) last Tuesday transferred him quietly.