GEJ ERA

Every economic boom enjoyed by GEJ administration was the hard work of his once political godfather OBJ and his economic team. What OBJ had done was to take care of the macroeconomic problems of the country, the Naira was stable, there was confidence in the economy and Foreign Direct investments poured into Nigeria.
Had OBJ employed wrong economic policies before leaving office, and the policies taking about 3 year to see the  effects, Jonathan would have been the one to suffer it.  OBJ stayed true to the cause of a sound and solid economic policy bill he left office. 

All major changes require between 5 to 10 years  to reach the goal depending on the magnitude of the change, and one of the greatest reasons change efforts fail is because the successor does not either understand the change or does not have same mission, vission and drive to implement the change.

This is why most leaders choose their successors to complete whatever they have started since time does not permit them in office to drive the change to completion GEJ, the opposite of economics and the beginning of our economic woes.

GEJ employed direct opposite of economic principles with the help of Ngozi Okonjo-Iweala as minister of the coordinating economy.  They spent and borrowed more when the economy was at its potential leaving the economy vulnerable during recession.

While the ignorant Nigerians hailed her coming from the world bank and better suited for the job, the question remains whether it was her influence that was employed or her capabilities?

An MD of theworld Bank could should know the simple economic principles in 2010, Lamido  Sanusi. Lamido, sounded a note of warnings that the Jonathan Administration was depleting the foreign reserve and that if we face a recession or drop in oil price it might spell disaster for the economy. The outcome is what we are facing today.



RPI.................Mission Rekindled.