The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, said yesterday that despite the economic challenges the country is facing, the Jonathan administration is leaving some solid economic legacies for the incoming Buhari government.
Insisting that “the allegations that the economy is in ruins are absolutely untrue,” the minister warned those she claimed were running the economy down for political gains, saying there could be unintended consequences of loss of investor confidence in the Nigerian economy.
According to her, “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.”
Sweeping, negative statements not in nation’s interest
The minister also advised politicians and opinion leaders not to talk down the economy because negative and unfactual comments on the economy can have negative impact on the economy, the exchange rate and the stock market and reduce investor confidence. Her words: “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. The statements being made by some personalities about the economy collapsing are not only incorrect they are also potentially dangerous.
