by Eze Eluchie
Those who have wondered why I always refer to Nigeria’s Finance
Minister and one time contestant to the Office of President of the World Bank
as ‘mercurial’ only need to listen to Madam Minister reel out financial
statistics and data with her sulkily refined command of the English Language.
One almost feels like throwing caution to the winds and dancing wildly
in drunken stupor when the mercurial lady begins her usual swagger of: “Inflation
is now down to single-digit at 9.0 per cent in January 2013, compared with 12.6
per cent in January 2012. The exchange rate has been relatively stable, and the
fiscal deficit at just under 2 per cent of GDP is on a downward trajectory, and
below our threshold of 3 per cent of GDP.
“Our national debt is at a sustainable level at about 19.4 per cent of
GDP. Overall, GDP growth for 2012 was 6.5 per cent, and projected at 6.75 per
cent for 2013, compared with the projected global growth of 3.5 per cent.”
By the time Madam is done and you realize that the lives of over 150
million Nigerians mirrors abject poverty at its worst and that all the
econometric brouhaha arabadada was only
to confuse and manipulate a hapless population, and that the Naira in
your pocket is worth far less than it was at the beginig of madams tenure, it
becomes clear that, truly, we have a mercurial smooth operator heading our
nations Finance Ministry.
http://www.thisdaylive.com/articles/presidency-finance-ministry-insist-economy-is-strong/140796/#.US969v_zOxY.facebook
Picture: Finance Minister, Ngozi Okonjo-Iweala
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