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Nigeria - Okonjo-Iweala Seeks Reform Without The Godfathers

Nigerian Finance Minister Ngozi Okonjo-Iweala is battling to reform one of the world's most corrupt nations without support from the shadowy "godfathers" who wield power from behind the scenes.
Nigerian Finance Minister Ngozi Okonjo Iweala
Summoned by President Goodluck Jonathan last year to restore some order to Nigerian public finances, the former World Bank managing director says her efforts are slowly bearing fruit.
But while Western nations and international agencies admire her drive from afar, they hold little sway in Nigeria. Okonjo-Iweala's ability to fight corrupt interests is constrained by her lack of support from wealthy figures such as ex-state governors, military officers and ruling party hacks who use huge patronage - or sometimes violence - to drive politics back stage.
"Her only 'godfather' is the international community, and that doesn't cut it," said a senior adviser to the national assembly, who asked not to be named.

When she quit her Washington job and flew back home, Okonjo-Iweala knew her second stint as finance minister would be tough. She now admits it has been even tougher than she imagined.
"It was much harder. It has not been easy, and the struggle is still ongoing," she told reporters in her office in Abuja, the capital, exhausted by a night negotiating with oil unions. "You make progress, then you get courage to make more ... Fighting corruption is something we need to keep working at."
Okonjo-Iweala has started to tame government expenditure and make limited reforms, but her room for manoeuvre is limited by her restricted access to state revenue, 80 percent of which comes from oil. She has also found herself again fixing problems she tackled during her first term which ended six years ago, only for these achievements to have been undone in the meantime.
Okonjo-Iweala, who missed out on the World Bank presidency earlier this year, may yet decide to take another high profile international job. She is tipped as a possible next World Trade Organization head, although she has so far shown no interest.
Should she decide to leave Abuja, her biggest challenge will be ensuring any reforms she makes can't be undone.
Nigeria 3287417491393612166

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  1. madam finance, pls dont abandone nigeria again. keep doing d good work for d sake of 7 genetations yet unborn.
    every good and faithful nigerian appreciate you a lot.
    Godstime A.
    Port Harcourt.
    gtime27@gmail.com

    ReplyDelete
    Replies
    1. We believe in her reform, they will be sustained and corruption will be exterminated from our society. Timothy E.g. Lagos timnadoe@gmail.com

      Delete
  2. Who said she is nt appreciate her effort/reform, Nigerians believed in her ideas, corruption is a very BIG muster, though the carriers are human, we won't give up fighting until we subdued and eliminate totally from out society, God Bless you Madam, keep on with the good work. We support you.

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