Soludo grades Jonathan “F” on economy; says his administration the worst ever

Charles Soludo, Former Governor, Central Bank of Nigeria

A former governor of the Central Bank of Nigeria, Chukwuma Soludo, has delivered a ruthless evaluation of the Nigerian economy under President Goodluck Jonathan, ranking the administration “F” on economic management, and suggesting the Jonathan government is Nigeria’s worst as far as the management of the economy is concerned.

Mr. Soludo said while Mr. Jonathan lacks achievements to point to, or clear future plans as he seeks re-election, his main challenger, the All Progressives Congress, APC’s presidential candidate, Muhammadu Buhari, also lacks specific plans on how to salvage Nigeria’s economy should he win elections next month.

“My advice to President Jonathan and his handlers is to stop wasting their time trying to campaign on his job record. Those who have decided to vote for him will not do so because he has taken Nigeria to the moon. His record on the economy is a clear ‘F’ grade,” Mr. Soludo said.

“Everywhere else in the world, government performance on the economy is measured by some outcome variables such as: income (GDP growth rate), stability of prices (inflation and exchange rate), unemployment rate, poverty rate, etc.

On all these scores, this government has performed worse than its immediate predecessor— Obasanjo regime. If we appropriately adjust for oil income and debt, then this government is the worst in our history on the economy.”

Mr. Soludo’s assessment, in a lengthy article published Sunday, took aim at the government’s economic policies that have resulted in unprecedented levels of poverty and unemployment.

He said the economy appears to be on “auto pilot” and lambasted the president’s economic team led by Finance Minister, Ngozi Okonjo-Iweala, as a team “dominated by self-interested and self-conflicted group of traders and businessmen”.

He said Nigeria has been handed over to economic racketeers.

“The very people government exists to regulate have seized the levers of government as policymakers and most government institutions have largely been ‘privatized’ to them. Mention any major government department or agency and someone will tell you whom it has been ‘allocated’ to, and the person subsequently nominates his minion to occupy the seat,” he said.

Mr. Soludo said while Nigeria has for years enjoyed oil boom and increasing budget, poverty and unemployment reached unprecedented levels under President Jonathan.

“This is the only government in our history where rapidly increasing government expenditure was associated with increasing poverty. The director general of NBS (National Bureau of Statistics) stated in his written press conference address in 2011 that about 112 million Nigerians were living in poverty. Is this the record to defend?” he said.

The former CBN governor said on the other hand, while the APC promises change, the party and its candidate, Mr. Buhari, have shockingly offered no specifics on how its plans will be achieved.

Mr. Soludo said in his estimation, the current level of poverty and unemployment could only be reversed with a minimum of 3 million jobs annually. Mr. Jonathan has pledged 2million jobs yearly if re-elected, while Mr. Buhari has promised 20,000 new jobs in each state of the federation annually, raising its total to about 720,000.

Either way, Mr. Soludo said, no party has given specifics how they will create the jobs to roll back the level of poverty, which at 71per cent is the worst in the history in Nigeria.

“This sounds like a quota system and for a country where the new entrants into the labour market per annum exceed two million,” he said of the APC’s offer. “If it was intended as a joke, APC must please get serious. On the other hand, President Jonathan targets two million jobs per annum but his strategy for doing so is a Job Board— another committee of sort. Sorry, Mr. President, a Job Board is not a strategy. The principal job Nigerians hired you to do for them is to create jobs for them too. You cannot outsource that job, Sir. Creating 3 million jobs per annum under the unfolding crisis would task our creativity and audacity to the limits.”

Mr. Soludo said the government of Mr. Jonathan lacks excuse for its woeful performance since it inherited a relatively robust economy and also enjoyed years of oil boom.

He said instead of building on that outlay, the Jonathan government not only depleted foreign reverses, but increased Nigeria’s debt yet again, without adding a “penny” to the reserves.

Mr. Soludo, a former chief economic adviser to former President Olusegun Obasanjo, said in his estimation, if the economy had been well managed during the years if oil boom, Nigeria should have raked in a minimum of $102bn as foreign reserves, and would have cut unemployment and maintained exchange rate at N112 per dollar.

“For comparisons, President Obasanjo met about $5 billion in foreign reserves, and the average monthly oil price for the 72 months he was in office was $38, and yet he left $43 billion in foreign reserves after paying $12 billion to write-off Nigeria’s external debt. In the last five years, the average monthly oil price has been over $100, and the quantity also higher but our foreign reserves have been declining and exchange rate depreciating.

“My calculation is that if the economy was better managed, our foreign reserves should have been between $102 –$118 billion and exchange rate around N112 before the fall in oil prices. As of now, the reserves should be around $90 billion and exchange rate no higher than N125 per dollar,” he said.

Mr. Soludo said solving Nigeria’s electricity problems is not enough to create jobs as many believe. He said there are other factors, including the quality of manpower.

“For example, currently in Nigeria, it is estimated that more than 60 per cent of graduates of our educational system are unemployable. You can understand why many of us are amused when the government celebrates that it has established twelve more glorified secondary schools as universities. I thought they would have told us how many Nigerian universities made it in the league of the best 200 universities in the world. That would have been an achievement,” he said.

He said whoever between Messrs Jonathan and Buhari is declared winner after February 14 election, he expects a national emergency to de declared on job creation.

Mr. Soludo praised President Jonathan for refusing to sign the Economic Partnership Agreement with the European Union, calling the decision the president’s most important initiative of his government to secure the future of the economy, and wondered why that achievement is not being celebrated.

Mr. Soludo said if Mr. Buhari rides on the crest of his party’s touted “change” and wins, the “honeymoon” will be brief and the pressure will be immense to magically deliver a new Nigeria with no corruption, no boko haram or insecurity, jobs for everyone, no poverty, infrastructure and power in abundance, etc.

“As a first point, Buhari and his team must realize that they do not yet have a coherent, credible agenda that is consistent with the fundamentals of the economy currently. The APC manifesto contains some good principles and wish-lists, but as a blue print for Nigeria’s security and prosperity, it is largely hollow. The numbers do not add up. Thus, his first job is to present a credible development agenda to Nigerians,” he said.

Of Mr. Jonathan, should he be re-elected, Mr. Soludo said his greatest challenge will be how to save himself from the stranglehold of his largely provincial palace jesters who tell him he has done better than God, and seek out ‘enemies’ and friends who can help him write his name in history.

“Propaganda won’t do it,” he said.

Read full article by Mr. Soludo here

Also read PREMIUM TIMES’
Bitter Truths About the Economy the Jonathan Government does not want Nigerians to know.
.


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  • Dumbo

    Igbo hypocrites gradually confessing. They are all seeing the light that their man GEJ is going to loose the election. They are already denouncing him.

    • Omoagunmate

      Oleku is that you again?

      • tundemash

        hmmmmm … you might be right you know; it could be the abiku. I just realised that account was used to post that ethnic sentiment rubbish and deleted.

        • endingNaija

          Okay guys. Let us check that Dumbo post properly then. These Goodluck Jonathan dead woods and evil minds can snake in. Let us be watchful and be vigilant!
          Sai Buhari oyoyo.
          God Bless always.

      • Wähala

        If it smells like stock fish… it has to be a fishy character!

    • tundemash

      what do u mean by Igbo hypocrtites … Can you prove Soludo ever supported Dumbo’s mismanagement/corruption and if he did how does his personal view represent the view of Igbo in general?
      How happy would you be if someone paint you with the brush of a criminal/thug because of Busuruji/Bode George/Fayose/Gbenga Daniel ?
      Are Obi Ezekwseli, Okorocha and Joe Igbokwe no more Igbos ? Or are there worse scums on this earth than Okupe, Abati and Fani kayode ????

      You ought to withdraw/edit that your needless statement else no one will know the difference btw yourself and ethnic bigots !

      • paul eneke

        God bless you well my brother,thank you.

    • endingNaija

      With due respect you are wrong 1 million times. Do not bring your ethnic nonsense into serious issues. Did you read this brilliant analysis? I am a FULL supporter of Buhari on this platform for purely ethical reasons. And I pray, and work for his -Buhari’s election. But instead of all of us Change Agents and Vessels to sit up, roll our sleeves and set to work, you sit down there imputing garbage ethnic nonsense and rubbish into a serious matter. Yes we will exit this Otuoke clown to his village-In fact President Jonathan is GONE. But shouldnt we NOW start thinking hard about the hard questions Soludo asked about our country.? Again you are wrong, and I am being blunt with us here because if Change Agents cannot be self critical we will reproduce the garbage and stench called Goodluck Jonathan presidency. Buhari IS NOT an ethinic product. If you see Buhari and change we desire as ETHNIC [product then we PART-period. Soludo’s assessment of what APC and Buhari need to do is valid, sound , legitimate and appropriate. Nothing to add other than the fact that we serious and deep supporters of Buhari and Change should rolll our sleeves and get to work to rescue Nigeria from the jaws of Goodluck Jonathan DEATH by looking straight into our economy and come up with good and practical economic plans for job creation. And please mind you we are NOT talking of govt jobs-those are garbage and junk. We are talking of serious production-manufacturing, agriculture, service, hightech, education etc. The first thing those who are close to Buhari and APC should start doing is how best to harness our finest brains and minds in the country for national salvation. This is a national and social crusade to bring back the soul of our country. And it is NATIONAL JOINT AND COLLECTIVE WORK that DOES NOT RECOGNISE ETHNIC BOUNDARIES. This is a NATIONAL TABLE and ALL OF US NIGERIANS OWN IT. It is NOT an ETHNIC table-the Goodluck Jonathan type. OURS -Buhari/APC Change -is a NATIONAL and PATRIOTIC table. We must NOT reproduce the bitterness of the Goodluck Jonathan presidency. Some of us will be out of this if we do that. And we are watching. This is our chance to Rebuild Nigeria with GOD’s DIVINE LOVE -This is called AGAPE LOVE if you want. No bitterness to anyone. We forgive and move on and start a major task of NATIONAL SALVATION with love, equity, fairness to ALL, justice to ALL.Our love, fairness, equity, justice should be ETHNIC BLIND. We must adopt the fable of a VEIL OF ETHNIC IGNORANCE. In other words, we do not see the ethnic. We only see Nigerians-period. Our finest minds and brains should produce right away a fine and practical blueprint on job creation to lead us out of this hole of disgrace and poverty Goodluck Jonathan sank us for six years. Thanks so much Soludo. God Bless. Sai Buhari Sai Change. Let us Get to work , serious work. Eternal Peace Blessing on all of us. But we have work to do.

  • Chris1408

    Another damned verdict on GEJ performance. What a shame

  • Mr rigtht

    If there is a grade below “F”, Jonathan deserves it!

    • NaijaChangeAgent

      I concur with u pls

  • World

    Anyway truth has been said From the wise without been Bias and Sentiment

  • Michael Chima Ekenyerengozi

    When I said this before Prof. Charles Chukwuma Soludo, sycophants and
    errand boys of President Goodluck Jonathan attacked me. President
    Jonathan should have been left as Governor of Bayelsa State for two
    terms to learn and gain experience in executive administration. Because
    his lack of such an important experience and expertise can be seen in
    his incompetence and maladministration in the past six years of his
    mismanagement of the Nigerian government.

  • BREAKING NEWS

    IS IT NOT PREMIUM TIMES THAT PROCURED AND PUBLISHED BUHARI’S FORGED WASC ?

    Again Premium Times …. true to type ….. have again forged twisted Soludo’s personal comments.

    By the way Soludo was the Chief Banker that erected huge and scandalous financial sector frauds that nearly brought Nigeria to its knees …… thanks to Sanusi Lamido Sanusi who came in to save the situation

    • tundemash

      yawn !!!
      This story is about Soludo’s verdict on Dumbo ….. keep to the story headline and know where to copy & paste !

      • tyson

        the views being expressed by a thief like sulodo is what matters—————–soludo copied every bit of the plans by dafonene and presented it to atiku–as his work—-for which he collected over 1 billion

    • djay

      DRYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

    • Lemmuel Odjay

      Even more yawns…

    • Alouche

      Ahaa! So you want us to start discussing your paymasters numerous drug rehab trip to Ghana and sundry issues abi? Just don’t provoke me….

  • BREAKING NEWS

    NIGERIAN ARMY PRIVATE MOHAMMADU BUHARI IS A BOLD MINDLESS PETTY CROOK

    Buhari joined the Army without WASC …….. he should have joined as a Private but he conned his way into the Officer Cadre where he was commissioned without WASC.

    Not done Buhari continued to con his way in the Officer Cadre until he was promoted to the rank of Major General yet without WASC ….. talking about a bold criminal ……… Buhari is it.

    • tundemash

      yawn !!!!
      This story is about Soludo’s verdict on Dumbo ….. keep to the story headline and know where to copy & paste !

    • djay

      DRYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

    • tyson

      yes he should be in jail–but why should that shock u–all of them in APC are biords of the same feathers———–from tinubu to buhari what about rochas the imo state governor –I meant Ibo state–governor–who was indicted for stealing 1m dollars-

    • HistoryisGood

      The courts are now open. Please contact FKK your idol, to do the necessary.

    • Lemmuel Odjay

      Is Soludo right or wrong about this present government? Real and present issues that have to do with our government please. When we get to Buhari’s bridge, we would decide. Jonathan’s turn, please.

  • Caleb Adams

    can this man just shut up please…….meanwhile, are u Seeking for a genuine investment that will change your
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    Adams referred you, thanks!

  • djay

    It’s no news every Nigerians knows that.

  • tyson

    If there was nay government that should her head in shame its the one under which thieves like Sulodo who know nothing about banking served————–when u want to measure progress made under Obj–u compare it to the jobs the economy under obj created——–Obasanjo with Sulodo sacked more workers in the federal ministry than even the government of Buhari–which retrenched more than one million workers–it was under the fake monetization policy of sulodo that house built with my oil revenue—in places like APO were sold to businessmen from a particular region by Obasanjo and atiku–all the houses erected for civil servants were auctioned under the Government of Obasanjo—This fake visionless ex-governor of CBN should tell us the number of jobs they created in the agricultural sector-roads that they repaired————-Was this sulodo not indicted for steating in CBN-‘ I begi

    • Lemmuel Odjay

      Don’t let’s keep our eyes off the sparrow. We shall come back to the polymer case as soon as we are done with the real and urgent issues raised. Remind me about what Soludo said re the Jonathan government, please. The real issues now, not polymers, not secondary school certs. Is Soludo right or wrong?

  • tyson

    The immediate past Governor of the Central bank of Nigeria (CBN), Prof Charles Soludo was on Thursday arrested by officials of the Economic and Financial Crimes Commission (EFCC) in connection with the alleged Australian polymer banknotes bribery scam.

    In 2006, CBN under Prof Soludo awarded the printing contract of its 20 naira polymer note to Securency International, a subsidiary of the Reserve Bank of Australia.

    According to Proshare, an Australian newspaper ‘The Age,’ reported that Securency International, which manufactures polymer used in banknotes in 28 countries, paid “kickbacks” to secure polymer note printing contracts in some countries, including Nigeria.

    The report revealed a total of 750 million naira ($4.6 million) was paid as bribes, with millions of dollars transferred into offshore bank accounts of two British-based businessmen for onward transfer to top Nigerian government functionaries.

    Between 2006 and 2008, Securency has supplied 1.9 billion banknotes to the apex bank, in what is reportedly the Australian minter’s biggest African deal.

    EFCC’s Acting Head of Media and Publicity, Mr. Wilson Uwujaren, confirmed to THISDAY that: “We have Soludo in our custody, among several other suspects, and it is part of an ongoing investigation over his involvement in the award of contract and printing of polymer banknotes when he was the governor of the CBN.

  • warry

    When people talk like this, ask yourself what is the motivation. Is he saying that Okonjo Iweala, Olusegun Agagun do not know economics? If the Govs.and National Assembly had followed their advice, we would not have experienced any hitch.

    • Alouche

      They know economics, so why did they not know that global oil crisis was looming? Why did they not prepare for it like the class of 2003-2007 prepare for the global financial crisis?

      • Fairgame

        Where were you when Amaechi, governor of Rivers state was fighting Okonjo Iweala because in his words it was unconstitutional for het to be saving any money. All money according to him must be shared. Why did you not lead a protest then? And despite that it is still the savings made under OkonjoIweala that is helping sustain the economy. So people like you lie first to themselves then start believing their own lies. Shame on you.

        • Alouche

          Where was your benefactor when the likes of Ibori, Orji Kalu, Alamieyeseigha, etc. etc. were fighting Okonjo-Iweala in 2003-2007 to share the excess crude money? Where were you when she resisted back then and saved over $22 billion in ECA and over $40 billion in foreign reserves, even when crude oil was selling for cheaper? What happened to her this time?

          • Fairgame

            The fact still remains that OkonjoIweala has saved money that you and your Soludos could never save. So thank you for at least conceding that Soludo is lying in his bitterness infused outburst.

          • Alouche

            Stop lying to lying to yourself and entertaining you fellow gejites. I asked a question, you can’t answer. so let me help you – she had a president with guts and brains back then. I can’t, unfortunately, say anything remotely similar for her current boss.

          • warry

            We should stop shifting blames, even semi literate members of the NASS supported the Governors, calling the woman’s policies Okonjonomics. You and I cheered thinking they were ridiculing GEJ,not knowing that it will affect us in the long run. Do you still remember the 50 questions saga at the House of Reps. I recall Tambuwal saying how do you save money when people are hungry. We should all accept the result of our ignorance. Some people knew all along but the fools were too many.

  • Ibrahim Isa

    As a former CBN governor I am surprise to read this when Nigerian economy is now the largest in Africa even the USA testify to that. #GEJ4naija #GEJisworking

    • Alouche

      Nigeria economy is the largest economy? Then why was GEJ in Church the other day lamenting that things are getting from bad to worse?

      • Yusuf Moses

        There is no Country without its owjn challenges, no administration without challenges. Nigeria is facing economic crises now at the face of economic meltdown in the world due to oil crises doesn’t actually actually change the fact that his administration has made economy of this nation the largest in Africa, even the world bank and the United States attest to that. When you look at Russia’s economy at the moment is even at a worst stage than ours.#GEJ4naija

  • Tufiakwa

    I read on until I got to this this brazen lie: “For comparisons, President Obasanjo met about $5 billion in foreign reserves, and the average monthly oil price for the 72 months he was in office was $38.” I’ve had enough. $38?. This man has no credibility. Nigeria earned more revenue, mostly from oil, between May 1999 and May 2007 than it earned between 1960 and April 1999. Obasanjo left roads, airports, universities in shambles (while Bell University (Obasanjo) and American University of Nigeria (Atiku) grew from strength to strength) . It took traders, Soludo’s kinsmen, two days to travel from Onitsha to Lagos if fortunate enough to be alive. And Soludo is talking about foreign reserves because he is looking for job.

    • Alouche

      My friend, produce your own figures like Soludo did or get lost. Stop ranting. You people are all like your clueless paymaster. Nothing upstairs.

  • Many Nigerians are simply going to react the typical Nigerian way to Soludo’s privileged exposition on the true state of the whitewashed Nigerian ecocomy. Many people including those that do not have knowledge of economics are going to try to outdo one another in vilifying Soludo. We have been told how the external world has described the Nigerian economy. They say the economy is growing and is the largest in Africa and so on. But the key question is how do most Nigerians see and feel the economy? Kerry does not live in Nigeria and even if he does he will belong to the ruling class who have unrestricted access to the nation’s wealth. To most Nigerians who groan under this corrupt government, like all previous governments, will rate the economy “F.” Soludo is correct from the angle of the poor man.

    • Fairgame

      Hahahaha. Privileged position indeed. Soludo the former CBN governor ,now a very bitter man, who had run ins with EFCC then was disgraced in his foray into politics then finally left bitter and without a job. He is suffering from a syndrome called, ‘rent me or I die’

  • Wähala

    Ch. Soludo finally sat on the fence after his fiery and largely (to me) self-aggrandizing Letter to the Gentiles. For all I care, I remember him as part of the corrupt creep who was under investigation for a scam in line with Dumbo’s, his lengthy article did nothing to change that my opinion of him. About the “peanut” in his article, I simply think Chukwuma Soludo doesn’t get it… Nigerians want Change for the sake of corruption which is the bane of all our ills, insecurity because the political will so far has been lacking in the fight against the Boko Haram terrorists… before employment, the “enabling environment” must be there! That’s the main point Prof. Charles Soludo doesn’t get. That said, Buhari and the APC have said they will diversify the economy with emphasis on Agriculturee and mining our other resources, I wonder which campaign rhetoric Soludo has been listening to. The “how” is to depend less on oil & gas, encourage and revamp other industries, after securing the land via adequate troop deployment with proper equipment. Soludo should trust me on this, the amount recovered from looters will be enough to initiate the first stages in the APC manifesto… because Buhari has said thieves will be given a chance to return their loot. Simply put, “Buy-Your-Freedom” or perish in KiriKiri… kapisch?

  • Comfortkay

    PDP is dying; People Destruction Party is Collapsing, things are falling apart. Prof Dr Soludo has said it all, PDP have killed our youth by not giving them the chance to develop their brain, how can we have so many Universities and we cannot make a Bicycle, Nigeria youth has been bastardized, many feels there is no future for them in this country. We all seen 16 years of democracy with PDP government, now it is time to give another Party the chance to rule and run the affairs of this country Nigeria, the coming election should be a referendum and we can collectively remove PDP from power. I LOVE MY COUNTRY NIGERIA, I don’t hate the President GEJ but he has too many Criminals in his party and around him. Nigeria deserve something better.CHANGE WILL COME.

  • Okafor Emeka

    Funny Soludo,speaking from the point of frustration. I remember how El-Rufai messed you up in his Accidental Public Servant. You brought Peter Obi in this too because he frustrated your efforts to succeed him as Anambra governor. In one breath you condemned GEJ for squandering una so called foreign reserves and in another breath criticized Obi for saving money in his state. Politics is surely making you mad! Anyway,GEJ is our man till 2019!

    • Alouche

      Of course el-Rufai also coined the sobriquet – “kindergarten president”!

  • Fairgame

    I see that Soludo’s foray into his ill fated political outings – with Atiku first then later wanting to be governor of Anambra state, has left him bitter and jobless. No international agency has touched him since he disappeared from the public eye because of his colossal reputation as the fraudulent CBN governor. His rantings here are nothing but the last desperate act of a man who is drowning. Soludo in his typical over inflated ego tells us that all the international rating agencies are wrong and only he Soludo, the man under whom the biggest banking fraud in Nigeria took place is right. What a shame that Soludo’s poverty of character has reduced him to a miniature stature of a man, a pseudo intellectual for hire.

    • Wähala

      You’ve just posted as #Okafor Emeka, you’re no better than the dubious Soludo character you’re ranting against.
      Go sitdon… you’re also s fraud. Toad insulting Frog. Slimy animals!

  • bugwu

    I beg make una leave Prof he is looking for Job.

    See what is happening in Niger state people were made to swear in quran before joining party read below from thisday

    By Aisha Wakaso in Minna

    Over 2000 members of the All Progressive Congress
    (APC) on Tuesday in Suleja decamped to the Peoples Democratic Party (PDP).

    Speaking on behalf of the decampees, Alhaji
    Abdullahi L. Sulieman, who was three times Suleja Council chairman, ‎said they
    had to leave APC because it had no direction, adding that they were also made
    to swear by the Quran to abide by rules and directives from the party.

    ”APC is the only party that will make you swear
    with the Quran to abide by rules and directives of the Party which we did but
    when we discovered that it is all deceit, we had to leave the Party back to the
    PDP where we left from”

    “We had to return to the party that we can see
    its structures and development on ground because there is no ward in the 25
    Local Government Councils in the state that has not received dividend of
    democracy through the Ward Development Project.”

    He also stated that the over 2000 decampees are
    from ten wards in the state, adding that more will join them.‎

    According to Sulieman, he was not financially
    induced to return to the PDP adding that he returned because of his conviction
    that PDP has better things in stock for the people of the state.

    More later

  • Omo’oodua

    SOLUDO CANNOT REACH THAT CONCLUSION THAT APC IS CLUELESS ON ECONOMICS
    UNTIL SOLUDO KNOWS WHO THE APC PRESIDENTIAL CANDIDATE WILL BE IN 2019.
    FOR THIS 2015 ELECTION THE APC STILLDOES NOT HAVE A QUALIFIED CANDIDATE.

    • Funso

      Femi Fanikayode please answer these questions. Was Hausa offered by Cambridge when Buhari took his School cert exam?Please tell us something. How did you manage to enter another person’s email to manipulate the Cambridge information? So you hack into people’s mail on behalf of President Jonathan? Does Mr. Jonathan do the same? Just inform us on this platform. Thanks.

    • Funso

      Ọmọ àlè ni Fẹ́mi Fàníkáyọ̀dé.

    • Gaskiya

      CHIBOK GIRLS PLS?????

  • The Navigator

    “Under the watch of Goodluck Jonathan”…….

    Government has become legalised and protected robbery.
    Before the presidential election in 2011, Goodluck Jonathan
    surreptitiously invited Bola Tinubu, lifting him at night
    by presidential aircraft from Lagos to Abuja to
    hatch a plan for Bola Tinubu to support one PDP
    presidential candidate (Jonathan), at the expense
    of all other PDP candidates for any office in Lagos state.

    If in the past corruption was in the corridors of
    power, it would seem now to be in the sitting room,
    dining room and bedroom of power. Whatever amount
    of money was given to Bola Tinubu to procure votes for
    PDP in the 2011 presidential election election in Lagos
    state was, to say the least, unnecessary.

    What made this phenomenon particularly bad was
    that government had raised the money from
    government transactions which fuel corruption.”

    ………………General Olusegun Obasanjo

    (November 2014)

  • Fairgame

    I see that Soludo’s foray into his ill fated political outings – with Atiku first then later wanting to be governor of Anambra state, has left him bitter and jobless. No international agency has touched him since he disappeared from the public eye because of his colossal reputation as the fraudulent CBN governor. His rantings here are nothing but the last desperate act of a man who is drowning. Soludo in his typical over inflated ego tells us that all the international rating agencies are wrong and only he Soludo, the man under whom the biggest banking fraud in Nigeria took place is right. What a shame that Soludo’s poverty of character has reduced him to a miniature stature of a man, a pseudo intellectual for hire. Shame

  • tyson

    The Committee further observes that Prof. Soludo intimated the Committee that the accrued income for the CBN investment in the AFC has been computed by AFC Management at US$11,370,350. As indicated earlier on in this Report, AFC has not been able to compute the expenditure incurred to generate this income in order to net off and determine the amount payable to the CBN/FGN. In view of this inconclusive and unhelpful state of affairs, the Committee is of opinion that Prof. Soludo and the CEO of the AFC, Mr. Austine Ometoruwa should be personally accountable for the determination of the actual interest that has accrued to the CBN/FGN from the investment in the AFC, and ensure its prompt payment.

    This opinion is premised on the way and manner the fund invested by CBN in AFC found its way to UBA, New York and Citibank, London only for it to be repatriated to Nigeria after a few weeks. This constitutes “Round Tripping” which is a serious criminal offence with attendant consequences under the Money Laundering Act.

    It is our view that Government should take appropriate action against Prof. Chukwuma C. Soludo and Mr. Austine Ometoruwa who are instrumental to this action.
    In conclusion, the Committee finds Prof. Chukwuma C. Soludo liable for gross negligence, recklessness and gross abuse of office. Sulodo is another Buhari in the making—

  • Encore

    SOLUDO CAN’T REACH THAT CONCLUSION THAT APC IS CLUELESS ON ECONOMICS
    UNTIL SOLUDO KNOWS WHO THE APC PRESIDENTIAL CANDIDATE WILL BE IN 2019.
    FOR THIS 2015 ELECTION THE APC STILL DOES NOT HAVE A QUALIFIED CANDIDATE.

    • NaijaChangeAgent

      Ode, show us ur own certificate first

    • Gaskiya

      CHIBOK GIRLS PLS???

  • Fairgame

    I see that Soludo’s foray into his ill fated political outings – with Atiku first then later wanting to be governor of Anambra state, has left him bitter and jobless. No international agency has touched him since he disappeared from the public eye because of his colossal reputation as the fraudulent CBN governor. His rantings here are nothing but the last desperate act of a man who is drowning. Soludo in his typical over inflated ego tells us that all the international rating agencies are wrong and only he Soludo, the man under whom the biggest banking fraud in Nigeria took place is right. What a shame that Soludo’s poverty of character has reduced him to a miniature stature of a man, a pseudo intellectual for hire. What a shame

    • Alouche

      You have said this one before. Post something else.

      • Fairgame

        No need. The message remains the same

        • Alouche

          Of course I can see – You want to 419 your paymasters with your pay-per-post gimmick.

          • Fairgame

            Hahahaha. Poverty of thought is worrying you. I no get solution for your problem. Seek help from your village.

    • Bibi

      Nigeria is the LEAST attractive country to tourists in the world. World Bank says Nigeria is one of the poorest five countries. What rating are you talking about?

      • Fairgame

        Comments like yours show such a lack of depth that it will be difficult for anyone to enlighten you. Read a bit wider than Punch newspapers eg the economist, Financial mail, even Business day and you will get more depth for engaging in conversations like this.

        • Bibi

          But Goodluck Jonathan your Finance minister-Ngozi Iweala used to be a world bank staff. Same world bank says Nigeria under you Goodluck Jonathan is one of the five poorest countries in the world. Can you please ask your finance minister Ngozi Iweala where the world bank is located please? I am sure you forgot.

  • Che Guevara

    Thanks Soludo, you have managed to articulate clearly some of the points we have been trying to get across to Mumbo Jumbo Dumbo Jonathan . In fact a complete review of his scorecard is shown below:

    1 Economy. F9
    2 Boko Haram. F9
    3 Roads. F9
    4 Power Supply. F9
    5 Corruption. F9
    6 Education. F9
    7 Foreign Policy. F9
    8 Bravery. F9
    9 Oratory skills. F9
    10 Body Carriage. F9
    11 Smartness. F9
    12 Cluelessness. A1
    13 Imbecility A1
    14 Lack of Courage A1
    15 Public Speaking F9

    Etc, etc

    • Fairgame

      Soludo is in good company. A fraudulent former CBN governor and a certificateless illiterate former military dictator who is an islamist and spiritual head of Boko Haram plus a fraudulent Theifnubu. He is in good company.

    • NaijaChangeAgent

      Well said.

    • Oro Sunnunkun

      Na so my bro. He scored F’s in all areas, no comtroversy. So, what is he waiting for? Pack bags and baggages and move to Otuoke.

    • abdulrazak

      You see the problem with you buhari’s e-rats, you refuse to see anything positive in development, with all the efforts GEJ has put into this economy and your sponsors frustrating his efforts with Boko haram he has still put the economy at the 3rd in the world. Well I pray the peanuts you’re paid will clear from your eye.

  • tyson

    The immediate past Governor of the Central bank of Nigeria (CBN), Prof Charles Soludo was on Thursday arrested by officials of the Economic and Financial Crimes Commission (EFCC) in connection with the alleged Australian polymer banknotes bribery scam.

    In 2006, CBN under Prof Soludo awarded the printing contract of its 20 naira polymer note to Securency International, a subsidiary of the Reserve Bank of Australia.

    According to Proshare, an Australian newspaper ‘The Age,’ reported that Securency International, which manufactures polymer used in banknotes in 28 countries, paid “kickbacks” to secure polymer note printing contracts in some countries, including Nigeria.

    The report revealed a total of 750 million naira ($4.6 million) was paid as bribes, with millions of dollars transferred into offshore bank accounts of two British-based businessmen for onward transfer to top Nigerian government functionaries.

    Between 2006 and 2008, Securency has supplied 1.9 billion banknotes to the apex bank, in what is reportedly the Australian minter’s biggest African deal.

    EFCC’s Acting Head of Media and Publicity, Mr. Wilson Uwujaren, confirmed to THISDAY that: “We have Soludo in our custody, among several other suspects, and it is part of an ongoing investigation over his involvement in the award of contract and printing of polymer banknotes when he was the governor of the CBN.

    • abeem

      Fake news! Jonathan is a misfit and a goner. Straight to Otuoke come FeBUHARI14th

  • TAWANDA INCOMMUNICADO

    Soludo is still bitter about lack of political office,he should be patient and stop his desperate acts of retaliation .

    • Alouche

      Well, then, tell your benefactor to get him a job the same way he found one for that crackpot, mouth-running noisemaker of a drug addict.

    • D.A

      You are the joker. He repeated (in more fanciful language) all the points made in my last article published on SR. Taking both NOI and Emefiele to the cleaners! Who is the economic illiterate now?

      • TAWANDA INCOMMUNICADO

        Keep quiet you hypocrite !! The same Soludo who m you have savaged severally on many fora is now your favourite CBN boss ?

        You are a known bigot who will do anything to bring down any Nigerian who is not a Yoruba so hush!!

        • Funso

          Ọmọ àlè ni Tawanda.

          • TAWANDA INCOMMUNICADO

            Give me a break dude, I am just doing my thing !!

        • D.A

          Actually, you are wrong. My articles have made clear that I believe Gowon was Nigeria’s best head of state. Gowon is definitely not Yoruba.I have acknowledged Soludo’s banking reforms in all my articles.

          saharareporters[dot]com/2014/04/07/re-nigeria-rising-woman-behind-nation%E2%80%99s-economic-turnaround

          and

          saharareporters[dot]com/2015/01/04/nigerian-economy-and-dangers-incompetence-dele-awogbeoba

          I never called him my favourite CBN boss but I never criticised is banking reforms either. I have always believed that NOI was incompetent and apparently the former CBN boss agrees with all the points I have made in my articles. You need to leave the www. It is exposing your limitations. The beer parlor is a more effective place for you.

    • Funso

      Ọmọ àlè Tawanda how now?

  • Fairgame

    I see that Soludo’s foray into his ill fated political outings – with Atiku first then later wanting to be governor of Anambra state, has left him bitter and jobless. No international agency has touched him since he disappeared from the public eye because of his colossal reputation as the fraudulent CBN governor. His rantings here are nothing but the last desperate act of a man who is drowning. Soludo in his typical over inflated ego tells us that all the international rating agencies are wrong and only he Soludo, the man under who the biggest banking fraud in Nigeria took place is right. What a shame that Soludo’s poverty of character has reduced him to a miniature stature of a man, a pseudo intellectual for hire. What a shame

  • Enquirer

    General Muhammadu Buhari,

    • Did you commit perjury or not by filling out Nigerian Army Form 199A,
    shortly after 18th October 1961, wherein you intentionally wrote that you
    had obtained specific credits in English, Geography, History, and, Hausa
    (with a pass in English Literature) when, in fact, you had not sat for WAEC
    examination as of the date you filled that Army Form, or at any time afterwards,
    which (inferred) perjury was compounded by the affidavit you swore in the year
    2014, stating on oath that you had sat for WAEC exam in 1961 and got WASC

    certificate – being an intentionally false statement; tantamount to perjury,
    insofar as you had not sat for WAEC exam or obtained any score in any subject?

    • Gaskiya

      CHIBOK GIRLS PLS?

  • tyson

    The Committee that investigated CBN, further observed that Prof. Soludo intimated the body that the accrued income for the CBN investment in the AFC has been computed by AFC Management at US$11,370,350. As indicated earlier on in this Report, AFC has not been able to compute the expenditure incurred to generate this income in order to net off and determine the amount payable to the CBN/FGN. In view of this inconclusive and unhelpful state of affairs, the Committee is of opinion that Prof. Soludo and the CEO of the AFC, Mr. Austine Ometoruwa should be personally accountable for the determination of the actual interest that has accrued to the CBN/FGN from the investment in the AFC, and ensure its prompt payment.

    This opinion is premised on the way and manner the fund invested by CBN in AFC found its way to UBA, New York and Citibank, London only for it to be repatriated to Nigeria after a few weeks. This constitutes “Round Tripping” which is a serious criminal offence with attendant consequences under the Money Laundering Act.

    It is our view that Government should take appropriate action against Prof. Chukwuma C. Soludo and Mr. Austine Ometoruwa who are instrumental to this action.
    In conclusion, the Committee finds Prof. Chukwuma C. Soludo liable for gross negligence, recklessness and gross abuse of office. Sulodo is another Buhari in the making—

    • SAM .A

      You are a looser,why did you not write this before Soludo release his statement . Your comment is irrelevant at this stage.

      • tyson

        The question is who is sulodo as described by the body set up to investigate–him while governor of CBN—in conclusion, the Committee finds Prof. Chukwuma C. Soludo liable for gross negligence, recklessness and gross abuse of office. Meaning he is a thief–Dont u know Sulodo is another Buhari in the making—-

        • abeem

          If Soludo is a thief, then what will you call Jonathan? Pen robber? A pen robber is more audacious and dangerous than a thief, because with the stroke of his pen, he billions of dollars has disappeared from the government coffers. I see Jonathan as an unrepentant money-napper (not kidnapper), who has commandeered and robbed our treasury blind. Where is our $20 billion, Mr. Jonathan?

  • Maria

    Jonathan has been dancing naked.

    • Kunle

      Thanks sis. These paid erats are on rampage here

  • SAM .A

    “He said the economy appears to be on “auto pilot” and lambasted the president’s economic team led by Finance Minister, Ngozi Okonjo-Iweala, as a team “dominated by self-interested and self-conflict…..”
    “He said Nigeria has been handed over to economic racketeers.”
    No doubt Mr Soludo is not a stranger to this terrain, he was former Economic Adviser, then CBN governor .
    They met $5b in foreign reserve , with oil sale of$38/barrel , they left $45b in foreign reserve Okonjo Iweala the sole called world economic guru has been auto piloted this economy with oil sale risen to $140/barrel, (which started falling in Dec )to start borrowing and with exchange now standing at N200 to $1. Ngozi the economic team leader should bury her head in shame . Now the result of your 4year exam if out for this GEJ government.
    Economy F9
    Security. F9
    Corruption F10
    Infrastructure P8 ( when you compare the fund spent to infrastructure on the ground)
    Poverty level F9
    Agriculture C6
    GRADE. FAiLED ( No chance to Repeat)
    If after 4 years Buharil cannot deliver 75% of expected solution to Nigerian problem . We should send him packing too.For now we need to hire a man that has integrity, experience in security ,disciplined ,and a go getter .
    We can not afford to rehire a failed man at this stage , otherwise the autopilot will crash the Nigeria project.

    • TAWANDA INCOMMUNICADO

      Buhari’s WASC score sheet is what Nigerians and the world are desperately awaiting .

      The 1 million dollar question

      BUHARI,WHERE IS YOUR WASC RESULT !!

      • Omoagunmate

        You are wrong again, Nigerians and the world are not as dumb like you and your paymasters. Nigerians and the rest of the world are counting down to FeBuhari 14 when Dumbo will be finally flushed out of Aso Rock back to a little village called Otuoke.

      • Funso

        Ọmọ àlè bawo ni? How now ọmọ àlè?

      • Truthometer

        Where are the Chibok girls now?

    • Omo JC

      SAM.A –
      Your analysis is incomplete without final remarks.
      Next time you can end this type of analysis with something like…
      REMARKS: Candidate advised to withdraw.
      Does that make sense?

  • Willpower

    UNDER WHAT LAW IS MUHAMMADU BUHARI QUALIFIED TO RUN FOR PRESIDENT NEXT MONTH?
    ABSOLUTELY NONE. THE 1999 CONSTITUTION SAYS NONE – UNLESS HE DOES THE FOLLOWING:

    • Gaskiya

      Where are our Chibok girls???

  • true nigerian

    only enemies of Nigeria can criticized solodu on this matter everybody in this country is aware of the destruction PDP led govt did to Nigeria

  • tyson

    Buhari is a pretentious anti-corruption¬ fighter. The trajectory of a man’s journey in public life matters. For the following reasons I cannot vote for Buhari.

    1. He is an oligarch who does not believe in equality before the law. The way he jailed Lateef Jakande, Jim Nwobodo, Ambrose Ali, Pa Adekunle Ajasin, Chief Sam Mbakwe, Chief Ayo Ojewumi on cases that had no foundation and allowed Awwal Ibrahim, the then Niger State governor, who was arrested in Heathrow Airport in London with 14 million pounds sterling and several millions of Niara and dollars to be under house arrest is my evidence.

    He also allowed Shehu Kangiwa, Sokoto State Governor who conducted and supervised the famous Bakolori Massacre of poor peasant farmers whose land was appropriated without compensation to remain under house arrest.

    (a) Ayo Ojewumi became blind as a result of his imprisonment over false charges and died shortly after.

    (b) Prof. Ambrose Alli also became blind as a result of this false imprisonment. When he died, he had only one undeveloped plot of land to his name.

    (c)Pa Adekule Ajasin was never the same after his eventual release and remained sickly for the rest of his life. When he died, he never had any property anywhere in the world except the one he had built from his sweat as long term teacher and school principal in Owo township.

    2. He put in place a retroactive law that killed three innocent men in my book, by public execution. He left untouched an alleged well known drug baron in Ibrahim Babangida who later overthrew his government.

    3. He jailed Nduka Irabor and Tunde Thompson of the Guardian Newspapers on stories that were factually true under Decree.

    4. He had told the Nigerian journalists then that it did not matter whether the story reported was true or not, if his regime did not like it, the writer would go to jail.

    5. He supervised the smuggling of 53 suitcases filled with cash through the MM Airport against the protests of General Tunde Idiagbon and ironically, Abubakar Atiku, the then Director General of the Customs who later became the Vice President and a compromised politician himself. This smuggling of the suit cases were supervised by his ADC, Col. Mustapha Jokolo.

    6. He jailed Fela Anikulapo -Kuti on trumped up charges under emergency law which prompted the sentencing judge to confess that he was ordered to do so and apologised to the late musician. It was Buhari’s administration that said it has “decided to deal with this Fela problem once and for all.”

    7. He convinced all the northern political leaders against allowing the National Identity Card program because according to him, this would unravel the myth of Northern population majority.

    8. He is an Islamic fundamentalist,¬ the Bin Laden of Nigeria, who told his northern followers never to vote for anyone who was not a muslim.

    9. He is a coup plotter.

    10. He has never been able to account to Nigerians what he did with the 20 billion Naira of the Petroleum Trust Fund of which he was the chairman under Sani Abacha.

    • ola

      You are re-echoing what was just shown in ait about an hour ago, tell us why we should vote for jonathan because he has spent about 6yrs in power with no visible development to justify income acrued to nigeria during this period

  • tyson

    The question is who is sulodo as described by the body set up to investigate–him while governor of CBN—in conclusion, the Committee finds Prof. Chukwuma C. Soludo liable for gross negligence, recklessness and gross abuse of office. Meaning he is a thief–Dont u know Sulodo is another Buhari in the making—-? Buhari who should have enlisted into the army as a private got commissioned as an officer–and lied to us that he made grade 2 without passing Maths———–that is Nigeria for u–A man indicted for stealing is now our economic teacher again. I begi let my people go–ojare

  • tyson

    “Under Obasanjo’s watch, Transparency International (TI) voted Nigeria as the most corrupt country in the world while Sulod was the governor of CBN. The level of blood-letting under OBJs and his former CBN governor remains unparalleled in Nige­ria’s history, save the civil war years and Boko Haram killings————

  • Edem Udom Essissien

    Hear Premium Times: “…The former Central Bank governor says even the All Progressives Congress, APC, has shown no capacity to deal with the economic crisis Nigeria faces…”

    Now, the question is, why is it that his comment about Great Jona becomes the news headline between the two bashing?…The visibly confused and extremely biased Premium Times’ Editors/Managers have desecrated the otherwise noble profession of civilized news reporting or if you like, journalism.

    The Editors/Managers of Premium Times have lately delved deeply into unimaginable depths in the ocean of false propaganda that by all estimation would make a Joseph Goebbels look miserably immature…. With its crude methodology of deception and jaundiced reporting increasing by the day, Premium Times seems ready to climax as Feb 14 gets nearer…therefore, the headlines get dirtier, and antagonistically so….much so that a glance at its news headlines reveals all but just two news item that are critically negative reporting to degrade the ratings of Great Jona. Fortunately or unfortunately, over 87% of people who will vote don’t read Premium Times.

    How do you explain this visibly crude biased reporting in 2015? It would have been funny if it were not sad. But I take solace in the fact that in March, I will be in my own Republic where a site like Premium Times will be permanently scrambled as its bad belle reports become totally irrelevant in the oily Republic of the Niger Delta.

    • Isi Agwo

      It is very strange mentioning Premium (or rather Propaganda) Times and journalism in one sentence.

    • Deji Soyebo

      Premium Times is biased because……

      It covers up and fails to ask the most pressing question of our times, viz:

      • Vox Populi

        @ Deji,

        The question till now is whether Buhari lied in his INEC Form that he sat for
        the WAEC examination and obtained a WASC certificate. That’s the question.
        Buhari has throughout his life and up till today refused to answer with proof.
        In 1962, he intentionally evaded to answer this simple question on Army records.
        Ditto, in 2014, he declined to answer it when confronted by APC party screening
        Committee. The law gave him up until 18th December, 2014 to fill out and submit
        to INEC his CF001 Eligibilty Form; and, to mandatorily attach a copy of any
        academic certificate he claims to have formally obtained.

        Buhari filled in WASC but did not attach any copy of a (valid) WASC certificate.
        Instead of attaching a copy, Buhari swore an affidavit saying his claimed WASC
        certificate or and copies of it are with the Secretary to Nigeria’s Military Board.
        On January 20th, the Army Board testified denying custody of any certificate.
        All Buhari did in 1962, said the Army, was just to orally state his qualifications,
        upon which he was commissioned as army officer, presumably based on belief.

        Today, that is all the evidence Buhari can depend upon to prove his eligibility.
        Buhari cannot rely on Katsina State’s Provincial School Statement of Result,
        because a Statement of Result is not a certificate, or, is it valid after 52 years
        when a certificate is conclusively presumed to have been issued overriding it.
        Buhari did not thus comply with the Electoral Law’s deadline of 18th December.
        Worse than that, Evidence Law bars him from ever refuting the Nigerian Army.
        Buhari is therefore ineligible to contest February’s 2015 presidential election.

        • Simply Anonymous

          THIS IS WHAT A CAMBRIDGE SCHOOL CERTIFICATE LOOKS LIKE:

          • Simply Anonymous

            …BUT THIS IS THE HANDWRITTEN SHAMBLES BUHARI WILL LIKE US TO BELIEVE

          • Sholoko

            “Professor Jega of INEC is only trying to shift responsibility by saying people
            opposed to Buhari’s qualification for the polls should go to court. I heard the
            APC saying Buhari has been contesting election for the past 12 years,
            and that nobody said anything about it, so, why now? And my answer,
            in form of question is, if someone has been committing robbery and
            getting away with it, the day he is caught, you are now asking,
            why has he not been caught all this while? Buhari is ineligible.
            That is the law.”

            ………………Chief Ayo Adebanjo

            (Afenifere Chieftain)
            (January 25th, 2015)

          • Gaskiya

            Jonathan, Where are our 273 Chibok Girls?

          • Gaskiya

            Jonathan, Where are our 273 Chibok Girls???

          • Gaskiya

            Jonathan, Where are our 273 Chibok Girls?????

          • Gaskiya

            Jonathan, Where are our 273 Chibok Girls????

          • Wale

            Not likely in 1961.

        • tyson

          tHERE IS NO WAY ANY CAN MAKE GRADE TWO WITHOUT PASSING MATHS—-BUHARI LIED TO US THAT HE MADE GRADE 2—HOW WHEN HE FAILED MATHS IN 1961? i BEGI

      • Gaskiya

        Silly

    • tyson

      thanks for yr comments sometimes individuals like us–do not even trouble our souls to read their news items because we all know they often sex them up for APC—that is why they are here—cloned to attack Jonathan period by the fulanis attacking Jonathan in the fulani north–a news organisation that hardly uses its editorial judgement on stories is not worth it–this particular story was sent to them by APC

  • Sholoko

    CHARLES SOLUDO, ALL WE ARE SAYING IS:

    • Sammy

      E don do now, sho! We don hear. APC is (almost) out of 2015 presidential election,
      but watch out, APC will bounce back much stronger in 2019 with Murtala Nyako as its
      presidential candidate. That next election in 2019 will be tough for PDP. Watch out!

      • Nkem

        APC will bounce back in 2019 with an impeached governor as presidential candidate?
        You well so? Is Murtala Nyako not a fugitive from corruption charges? How can he run?

        • Ehi Olisa

          Certificate forgery no be corruption too? What’s the difference?

          • Shobajo

            APC is a criminal organisation – full of Alhajis – signifying nothing.

      • tyson

        some of u just post comments for the fun of it–a man forges his cert–rather than have u condemn him u are saying he would bounce back–to where’ Are u OK upstairs at all? -Buhari said he made grade 2 in his school cert in 1961–how could he have made grade 2 without passing Maths–that in itself is a pig forgery–perjury–and u want such to rule me? u must be sick paddy man

        • Femi

          @tyson,

          Sammy is immoral in his views, he’s been like that since i started reading him,
          it is either APC or the highway. He is too ashamed of Buhari’s naked dance.
          I may be wrong but that’s what i think. His bold face of talking about the 2019
          election when we have not even done the 2015 election is a mere cover-up.

    • Umar Dendi

      And all we are saying is:
      #Mr president Show us Your Thesis!
      #Mr president Show us Your Thesis!
      #Mr president Show us Your Thesis!

      #MrPresidentShowUsYourThesis!

    • Gaskiya

      February 14 will come and go while you still a child. America and the rest the world are eagerly waiting for the election outcomes between Buhari and Jonadarp. So you better keep yourself busy campaign for your mentally deranged candidate Jona..

    • Gaskiya

      February 14 will come and go while you still a child. America and the rest the world are eagerly waiting for the election outcomes between Buhari and Jonadarp. So you better keep yourself busy campaign for your mentally deranged candidate Jona….

  • Yusuf

    The original PhD has spoken, very objective; but Soludo deliberately forced himself to a neutral ground in order to make his message more acceptable. In reality there is no point of comparison btw Jonathan and any Nigerian currently capable of contesting a presidential election. The last six years was not only run without a manifesto but everything in the sight of this rats was stolen

    • otile

      Which one be original PHD again? Is anyone you know brandishing a fake one?

      • Otile

        A fake APC mohammedan is posing as Otile here.

        First of all I don’t write otile, I write Otile. I don’t write PHD, I write PhD. I don’t spell like your illiterate Mohamed Buhari. Once in a while I make errors in these unimportant comments, but in my real work I am careful.

        • longben

          Na your turn today! Tomorrow will be me and before that, Kola Adekola. These low-lives are shameless and can fake, forge or copy anything like their principal Buhari whos is a disgrace to himself, Nigeria and Africa.

          • Otile

            That is the kind of practice they want to impose on us through their dishonest leader.

            Incorruptible Buhari my foot.

          • Funso

            Otile ọmọ àlè how now?

        • Funso

          Ọmọ àlè bawo ni-how now?

        • lawan

          No one expect a non entity like you to write like our hero buhuri.

      • Funso

        Otile ati Tawanda ni Ọmọ àlè.

    • Umar Dendi

      I am with you Mr Yusuf. He was trying to lay them off easy!

  • Onyebuchi

    It rings of insanity for anyone to nurse the view that Bokohari and APC, who were unable to file a complete and valid INEC presidential form, could possibly solve Nigeria’s problems.

    • tyson

      OLD BOY THE MAN BUHARI SAID HE GOT GRADE 2 IN HIS CAMBRIDGE SCHOOL CERT RESULT– WITHOUT A PASS IN MATHS–SHOW ME ONE NIGERIAN WHO MADE GRADE 2 IN SCHOOL CERT WITHOUT PASSING MATHS–IN 1961–JUST ONE NIGERIANS–BUHARI IS A LIAR-

  • richkid

    Buhari on his bid to make people use bank killed Nigerian currency in his military rule, from 45 kobo goods to 3 naira imagine th gap. He is no match for GEG. Besides soludo u had ur way u cldnt effect positively. GEJ all the way

    • abeem

      You lie. Absolutely untrue because I was a supervisor in the bank then and the official rate of the naira to the dollar was almost pari-passu.

  • Umar Dendi

    Every single Nigerian that is worth listening to has condemned this government!
    David-West, Sunusu Lamido, Chukuma Soludo, Obasanjo, IBB,……… I could go on forever!

    Is it not time for the trumpets to go silent?
    I wonder if the cheap change you get as Gejites will last you a lifetime?

    • David Ola Majekodunmi

      @ Umar,

      Jonathan lacks introspection. He is careless, insouciant, reckless, and, heedless to consequence
      Besides those major demerits he hates knowledge and prefers to thrive with a throng of mediocres.
      He is not a deep thinker; and is almost totally blank on economics, public policy, and, governance.
      Since resuming office, he’s brought no bracing policy to bear on Nigeria in haemorrhaging distress.
      He instead prefers to joust and grandstand; and, in effect, he renders himself into a butt of all jokes.

      • Robinson

        “When Mr. Goodluck Jonathan said he did not ‘give a damn’ about declaring his assets,
        some people pretended not to understand the implications. The truth is that a man who
        does not give a damn about leading by character or accountability cannot inspire
        success or productivity. As a result, Jonathan leads a system where his key people
        are free to pursue their own conquests; a system where merit does not count,
        and evil is not punished”.

        ……..Sonala Olumhense

        (April 20th, 2014)

        • Holler

          BUT THAT IS NO REASON TO FORGET TO ASK
          THE MOST PRESSING QUESTION OF OUR TIMES..

          • Gaskiya

            February 14 will come and go while you still a child. America and the rest the world are eagerly waiting for the election outcomes between Buhari and Jonadarp. So you better keep yourself busy campaign for your mentally deranged candidate Jona.

          • Goks

            Haba Gaskiya! I am not particularly pro-Jonathan or anti-Buhari but I think this is absolutely unnecessary. This is going to far especially to the President. Politics and Campaign will come and go. I will appreciate if you take things easy. Thanks.

          • Gaskiya

            Jonathan is a killer.

          • Gaskiya

            Jonathan, Where are our 273 Chibok Girls?

          • Truthometer

            Where are the Chibok girls?

        • charlesakpan

          Mr Robinson,who says declaration of assests implies leading by character or accountability?Since you have decided to keep a blind eye to the fact a CNN report just revealed recently that Nigeria is the 3rd fastest growing economy in the world.It is with these “key people” that he has achieved that feat.Mr President is not impeccable,his administration may not be perfect,but with the disturbances,distractions and sabotages he is faced with on daily basis,you do not expect him to cross every T and dot every I all at once.He needs our prayers and support as it is not easy to lead a country as complex as Nigeria.Let’s remember he did not put himself there,rather through divine arrangement God chose him.Posterity will not forgive us if we do not give him the respect and support he deserves and requires to turn things around for good in Nigeria.

          • Debo

            God bless you.

          • lawan

            He had his chance, let him go.

          • Izu

            This is not about what CNN report says, it is about facts on the ground. Poverty is ravaging our people. Unless you live in the moon.

    • abdulrazak

      You mean failures and religious extremists. Do they have any thing to offer than their corrupt ideas. They have all been in the system and didn’t do anything different to boast the economy.

      • Tope Adebosin

        You must be a benefactor of GEJs govt. It’s not Soludo that said 70% of Nigerians live on less than 1USD a day. So open your head and listen when the relevant are talking

        • Rotimi Lawanson

          He is not a benefactor of anything. he is exercising his right to free speech which may disappear under the Islamist Buhari. go and check Buhari’s antecedents. ask yourself one simple question. if Soludo felt so badly about the economy, why is he only speaking now just before the elections? it is olodos like you that move on sentiments. after waiting for while to see how the tide will go and because he thinks that Buhari will win, he is now speaking out of his selfish interest and idiots are clapping for him. but like he failed with Atiku and in anambra, he will fail again.

  • anneedu

    If you score him F then I score you Fsqaure, because you’ve nothing in CBN

    • Philip Anene

      No, no, no. Jokes aside.The F grade for Jonathan is fair comment. The economy is in free fall.
      The wrong judgment of the charlatans he appointed is kicking in with devastating consequences.

  • Willpower

    BUHARI’S POLITICS BEFORE JONATHAN’S ECONOMICS

    NEITHER PROFESSOR JEGA NOR INEC HAS THE JURISDICTION
    TO PUT BUHARI ON THE BALLOT PAPER IN VIOLATION OF LAW.
    ELECTORAL LAW SAYS A CANDIDATE MUST ATTACH COPIES
    OF HIS CLAIMED CREDENTIALS TO HIS APPLICATION FORM,
    TO QUALIFY TO BE LISTED AS CANDIDATE AT AN ELECTION.
    BUHARI HAS NOT DONE SO TILL TODAY, AND SO………

    • Gaskiya

      You are demented. February 14 will come and go while you still a child. America and the rest the world are eagerly waiting for the election outcomes between Buhari and Jonadarp. So you better keep yourself busy campaign for your mentally deranged candidate Jona.

    • Gaskiya

      Jonathan, Where are our 273 Chibok Girls???

    • solozo

      What is the relationship between Soludo’s assessment of Jonathan’s management of the Economy and Buhari’s certificate? Would he have managed our economy better if he is given Buhari’s certificate?

    • Tope Adebosin

      You are ignoramus! Please go and check what constitution says before opening your mouth in public

  • Frank Bassey

    I am not impressed by Soludo’s treatise. Here is the youngest CBN governor ever produced in Nigeria (at 44) who squandered the opportunity to build the economy because of his youthful exuberance.

  • Frank Bassey

    Soludo destroyed the banking system through his thoughtless consolidation programme which left the industry in a worse situation. If he is a performer, why did his people of Anambra reject him as a governor?

  • charlesakpan

    It is very unfortunate to get this kind of assessment from a senior citizen of our country who have had an opportunity to serve his supposed fatherland and yet did not do any better. It shows just how selfish and insincere individuals can be.

    • rhad

      So, it will be very fortunate to get it from junior citizen abi? See jonathan thinking! Anyway, jona economic policies are full of foolishness, ill-thought out and corruption. Infact he should get G10 and not F with a 9. ole, thief, barawo. jail is where you belong after your term. No postponement of election.

  • tsunami1earthquake

    Hey, guys, this “F” grading is very interesting! The indictment is pointing directly at Mrs Ngozi Okonjo-Iweala, an economist of World Bank standing. After all, Jonathan is not an economist. Ngozi made a Summa in MIT, while Soludo made a First Class in UNN. Both have had a feel of the Nigerian economy in their working lives. So shall we recommend a public debate for both? I say this because these are two highly respected economists recognized anywhere in the world. Perhaps the fallout from their debate could help in establishing measures for a Nigerian sound economic standing.

    Meanwhile, I agree with Soludo that both political parties are only making promises they cannot fulfill, given the present economic standing and, probably, the dearth of political will to fulfill those promises.

    • Fairgame

      Hahaha. And this like saying that an armed robber rated a bank manager F. It is beyond silly. Soludo’s trips to EFCC and his court cases are still ongoing. Let him face that. I hear he is now bankrupt because he spent his loot trying to become governor of Anambra state and was resoundly rejected by Anambra people.

      • tsunami1earthquake

        “Soludo’s trips to EFCC and his court cases are still ongoing”. Oh? I’ve even forgotten that! Thanks for the reminder.

    • Rommel

      Agreed

  • David Adeniran

    The sum total of this Long Essay is that Jonathan is a COMPLETE FAILURE, A DISASTER, A CLUELESS AND VERY IGNORANT LEADER! This Thesis from Soludo is a great insight into the FAILURE of President Jonathan; very educative and revealing on the economic indices for proper assessment of Jonathan’s performance; very intelligent and unbiased; so factual and professional. No reasonable or patriotic prospective voter will read and understand this presentation, and still support Jonathan for another term. This man is a complete disaster for Nigeria. It is rather unfortunate that many people are yet to realise this. The Charles Soludo’s thesis is a great eye opener!!!

    • Rotimi Lawanson

      Please read my own concise response to you David ati Adeniran. You are very daft and it shows. you apparently didn’t care to check the statistics.

      • David Adeniran

        I checked THE statistics but what I did not bother to check is YOUR OWN statistics.

  • David Adeniran

    The Soludo’s analysis are so FACTUAL, CONCISE AND PRECISE. So why should it be difficult for even a brilliant secondary school student to understand? In a sane society, with Soludo’s factual analysis, people will be calling on the Government to defend itself and if there are no reasonable explanations from such a Government, then it is a goner! The truth is that the intellectual capacity of many educated Nigerians has been exchanged with bigotry of tribalism, ethnicity and religion. Therefore, they have lost the ability to reason like a normal human being. So sad and unfortunate that a people voluntarily choose to be in bondage due to bigotry.

    • lawan

      Stay blessed

      • David Adeniran

        You too, thank you.

        • Rotimi Lawanson

          Olodo buruku!

      • Rotimi Lawanson

        Ode!

  • This an issue for cerebral minds who appreciated the contributions of Professor Soludo to OBJ’s successful administration. To those who might have forgotten, OBJ gave Nigeria the GSM that had been in our neighbouring countries 5years earlier, improved the middleclass to the highest heights with increased standard of living, eliminated fuel scarcity without subsidy corruption, increased youth employment from GSM, Banks, Agriculture, gave Nigerians international recognition from the pariah status due to the killing of Saro Wiwa, paid our debts, dealt with corruption with Efcc with 419 guys running to Ghana etc,started the agricultural revolution with Cassava for bread and other initiatives, encouraged local entrepreneurs like the Dangote Group on Cement and Sugar, Commenced the establishment of nomadic schools which today is being white washed into Almajiri schools, commenced the reactivation of the railways and
    the privatisation of NEPA to PHCN.To all the uninformed, Professor Soludo and Mrs Okonjo Iweala were instrumental to all these achievements.T

  • Shuaibu Bola Victor

    It is quite unfortunate that some people might take Chukwuma Soludo’s evaluations of the President Goodluck Jonathan’s administration serious. As far as I am concerned, Chukwuma Soludo can never offer an objective and subjective assessment of GEJ’s administration due to his biased mind and vested interest.
    To say the least, everybody knows that Chukwuma Soludo was among the few Nigerians that fought hard to deny power from President Goodluck Jonathan in 2010 and 2011. In order words, during the ailing period of ex-President Yar ‘adua, Soludo was at the fore front of the campaign from South -East to stop Jonathan in order for him and his cabal to keep holding Nigerians at ransom. But God shouted him down.
    Soludo, we all know how he robbed Nigerians billions of dollars as CBN Governor and since then has been avoiding EFCC. Based on the corruption tendencies of Soludo, coupled with his questionable hidden agenda for his latest campaign for APC, Anambra people rejected him when he vied for Anambra state guber position in 2011. Again, since Soludo lost out, his sense of judgement has been beclouded considering his public utterances and dispositions in recent time.
    I strongly believe that Soludo is biased and cannot offer us neutral and quality evaluation of Nigerian economy.
    WORLD BANK and IMF that have the best economists from advanced countries of the world have already evaluated and scored President Goodluck Jonathan’s administration the best in Africa.
    Does Soludo more brilliant than WORLD BANK and IMF? NO!
    GEJ TILL 2019.

    • Bidemi Lukman

      Is it a lie that GEj depleted our reserves -Foreign and Excess Crude? Is it a lie that GEJ incresed our debt?. Rather than ranting on Soludo assessement, just point out where he lied against GEJ.

    • Rommel

      The prof talked about palace jesters who are telling Jonathan that he has performed more that God,are you among them? just asking

  • MushinSpeaks

    Trusting our economy with GEJ in another four years will not only be a disaster to us, but to investors. We are in a deep shit and the best we can offer ourselves is to vote CHANGE and let there be restoration else, we will all live to suffer untold hardship under GEJ in another four years.

    • basil edoma

      Well you cannot just do anything about it. I think that until buhari shows evidence of a proper education albeit a certificate, he is not even going to stand a chance in the contest. It’s high time Apc get their house in order before thinking of a losing battle to engage in. As for soludo, well he should go look for who to align himself with because right now pdp won’t touch him and his masters in apc won’t even look at him. He should be ashamed of himself…..

  • Okey

    Charles Chukwuma Soludo convinces me beyond all manner of doubts, that the average Nigerian elite is motivated only by PERSONAL INTEREST. To him, the much touted “National Interest” is a facade, a make-up to gain applause for relevance.

    Prof., without much ado, the summary of this your syndicated piece is quite discernible, the subterfuge of your first paragraph notwithstanding. Which summary is: Jonathan, the worst man; his administration the worst ever. Buhari, very much unknown to you, this Jonathan man has left a mountainous problem for you to clear but I, Soludo, is the best guy to assist you in clearing the mess.

    But I assure Chukwuma Soludo one thing: It is doubtful if he can EVER AGAIN impress or make meaning to his intended audience. For to them, Charles Chukwuma Soludo has committed the “Alex Ekwueme Harakiri.”

    Dr Alex Ekwueme had gone to Abacha’s National Conference wherein he advocated for “Rotational Presidency” as between the North and South and amongst the six (6) geo-political zones. The North, in particular people of the North-West, regarded that proposition by Alex Ekwueme as a direct attack against the North. How that was/is, is still a puzzle to those of us who genuinely desire the longevity of this nation vide justice and equality of citizens and opportunity. Alex Ekwueme was to be punished severely when during the 1999 PDP Jos presidential primaries, Northern leaders and their hirelings in Nigeria ensured that Ekwueme lost. He was to come again in 2003. Arewa Peoples Congress (APC) commissioned a study and report on “Between Obasanjo and Ekwueme, who the North Should Support.” What’s the outcome ? The outcome was instructive as it said in sum: Though Obasanjo has not performed, the North is still advised to go ahead with him instead of Alex Ekwueme.

    Why that long history ? The North says Charles Chukwuma Soludo dealt them a mortal blow. That when he carried out the recapitalization programmed, 25 banks survived. That of the 25, 13 had Yorubas as controlling shareholders whilst Igbos control 11, leaving the North with only one (1), Unity Bank. Without being reminded, the process that led to the privatization of the banks was very transparent as the banks were capitalized through the interests and funds of shares-purchasers, who happened to be mostly Southerners.That citizens from a section of the country did not show commensurate enthusiasm was no making of Soludo. But the North held him liable for that. Soludo’s “culpability” manifested when time came for the renewal of his tenure. Despite willingness of President Yar’Adua to tenure renewal which he had personally promised Soludo, some Northern elders insisted and ensured that Yar’Adua never renewed the tenure.

    No doubt, Jonathan’s unforgivable offence against Soludo was committed when Soludo vied for the governorship of Anambra State. (I could now remember myself then making strident, unrelenting calls on Thisday newspaper online – as I did on his second attempt – for a wholesale welcome of Soludo’s candidature, warning that Anambra and indeed Ndigbo will miss their way and suffer a dire consequence if Soludo was not given a prime place-role via Anambra State – to the point that many thought Prof. Charles Chukwuma Soludo had commissioned me for that. The fact being and remaining that, for me, that is not possible. Second, I don’t know him, he doesn’t know me either and we are not even from the same State). By that time, Jonathan was still “a good boy” to the Ota man. And the Ota instruction came that “Charles be stopped” because Charles posed a stumbling-block to “the ‘anointed son’ from Anambra.” Jonathan carried that instruction to the letter. In the result, both Soludo and the anointed son lost to Peter Obi. Perhaps for a pound of flesh, Soludo was latter to identify with Atikiu Abubakar in the PDP 2011 primaries against Jonathan.

    Now, Soludo, in obvious journey to protecting his personal interest, just like his fellow Nigerian elites, has undertaken the “Last Push” by joining in the “Operation Stop Jonathan.” My prayer for Soludo is: may you not in the end be found to have committed the “Alex Ekwueme Harakiri” !

    • Rommel

      Once figures are involved,it is difficult to counter submissions unless with contrary figures,I expected you to show evidence where professor lied about the statistics he dished out rather than these empty expressions of your sycophantic mind,you do not have what it takes to react to his write up.What you wrote is cock and bull story,we need facts not opinion.

      • Okey

        I cannot go more than I have gone on Charles Chukwuma Soludo. In fact, he is one of the very few individuals I hate to contradict. I am through on him with that my prayer.

  • Shuaibu Bola Victor

    It is quite unfortunate that some people might take Chukwuma Soludo’s
    evaluations of the President Goodluck Jonathan’s administration serious.
    As far as I am concerned, Chukwuma Soludo can never offer an objective
    and subjective assessment of GEJ’s administration due to his biased mind
    and vested interest.
    To say the least, everybody knows that Chukwuma
    Soludo was among the few Nigerians that fought hard to deny power from
    President Goodluck Jonathan in 2010 and 2011. In order words, during the
    ailing period of ex-President Yar ‘adua, Soludo was at the fore front
    of the campaign from South -East to stop Jonathan in order for him and
    his cabal to keep holding Nigerians at ransom. But God shouted him down.
    Soludo,
    we all know how he robbed Nigerians billions of dollars as CBN Governor
    and since then has been avoiding EFCC. Based on the corruption
    tendencies of Soludo, coupled with his questionable hidden agenda for
    his latest campaign for APC, Anambra people rejected him when he vied
    for Anambra state guber position in 2011. Again, since Soludo lost out,
    his sense of judgement has been beclouded considering his public
    utterances and dispositions in recent time.
    I strongly believe that Soludo is biased and cannot offer us neutral and quality evaluation of Nigerian economy.
    WORLD
    BANK and IMF that have the best economists from advanced countries of
    the world have already evaluated and scored President Goodluck
    Jonathan’s administration the best in Africa.
    Is Soludo more brilliant than WORLD BANK and IMF? NO!
    GEJ TILL 2019.

    • TrueNja

      I worked at IMF. World Bank and IMF base their forecasts or findings on data provided to them by member government. Soludo is guru in economic, he knows his onion.

      • Shuaibu Bola Victor

        Your defence is laughable and unlike somebody who claimed to have worked at IMF. No, is it not better Soludo writes to IMF to contradict them. Childish talk.
        GEJ till 2019.

  • idris sanusi

    Soludo didn’t see the recent release of the fastest growing economy in the world were Nigeria is ranked third(3rd)

  • G4

    For five good yrs we have been exporting oil at over $100 per barrel at over 2.4 million barrels per day yet our foreign reserves were depleted and exchange rate gone from 144 to 155 to 160 to 170 to 200 today. In the 2000’s we were exporting on the average of $50 as low as 800,000 barrels per day at some point yet the value of our currency still gained value from 144 to 119.5. The GEJ is even bold enough to say he is not going to arrest or jail anyone for corruption, at least OBJ pretended to fight corruption. Here every govt official is using this man’s to steal the entire economy of the country on his head and he is not even angry instead he is smiling everywhere meanwhile the people going to work every day from 5am to 10pm on the same pay have collectively become 30percent poorer. So yes he is the worst president ever another 4 years of this is unthinkable

  • aminatabubakar04

    Nigeria has the best economy is Africa, so as for me Soludo speaks for his own selfish interest.

    • Rommel

      how do you rate best economy,if you are talking about biggest economy,do you understand what rebasing means?

      • Dee

        These are typical Nigerians, they don’t know anything, they just follow what the crowd says like zombies.

  • Eze1

    Truth is Bitter

  • Shola adebola

    Soludo never offered anything to Jonathan’s administration, so he was never an option for President Jonathan. So he should just go back to were he has been and shut up his mouth.

    • Dee

      You know, I don’t hold brief for Soludo, and I have my many disagreements with him. However, when a Nigerian, who can easily not be perturbed by the goings-on in Nigeria (because they are occupied with more meaning activity), decides to speak out and tell us Nigerians the truth, we never want to appreciate it.

      This country and its people confuses me.

  • Shuaibu Bola Victor

    It is quite unfortunate that some people might take Chukwuma Soludo’s
    evaluations of the President Goodluck Jonathan’s administration serious.
    As far as I am concerned, Chukwuma Soludo can never offer an objective
    and subjective assessment of GEJ’s administration due to his biased mind
    and vested interest.
    To say the least, everybody knows that Chukwuma
    Soludo was among the few Nigerians that fought hard to deny power from
    President Goodluck Jonathan in 2010 and 2011. In order words, during the
    ailing period of ex-President Yar ‘adua, Soludo was at the fore front
    of the campaign from South -East to stop Jonathan in order for him and
    his cabal to keep holding Nigerians at ransom. But God shouted him down.
    Soludo,
    we all know how he robbed Nigerians billions of dollars as CBN Governor
    and since then has been avoiding EFCC. Based on the corruption
    tendencies of Soludo, coupled with his questionable hidden agenda for
    his latest campaign for APC, Anambra people rejected him when he vied
    for Anambra state guber position in 2011. Again, since Soludo lost out,
    his sense of judgement has been beclouded considering his public
    utterances and dispositions in recent time.
    I strongly believe that Soludo is biased and cannot offer us neutral and quality evaluation of Nigerian economy.
    WORLD
    BANK and IMF that have the best economists from advanced countries of
    the world have already evaluated and scored President Goodluck
    Jonathan’s administration the best in Africa.
    Is Soludo more brilliant than WORLD BANK and IMF? NO!
    GEJ TILL 2019.

    • Rommel

      Your submission is shameful and unthoughtful,facts are sacred and once figures are involved,you can only country with figures,which figures he reeled out are faulty or are you so blinded by sycophancy that your brain refuses to work?

      • Shuaibu Bola Victor

        You seem to sound aggressive. Truth is truth whether you like it or not

        • Dee

          What “truth” do you speak of sir?

          • Shuaibu Bola Victor

            Truth never got types. TRUTH is TRUTH

    • Dee

      Did you even read the message? What I say to you “blind” followers is to “keep dancing shoki in Nigeria’s mediocrity”.

      Shameful.

      • Shuaibu Bola Victor

        Your analytical mind is important for you to understand political gimmicks. Sorry.

        • Dee

          If you read the message, as advised, you would see that Soludo criticized both parties; the incumbent and the opposition party.

          So, even if you decide to reject the message, do you think your life, today, as a Nigeria is anything to be proud of? Answer me this honestly.

          • Shuaibu Bola Victor

            Soludo’s “advice” is politically motivated and has the sole motive of discrediting President Goodluck led government just as Boko Haram is doing everything possible to undermine the achievements of GEJ.
            You dont need to define Soludo’s agenda for us. I know Soludo political gimmicks since 2010.
            I wish you could be more analytic to the core.

  • Dee

    THE TRUTH IS BITTER

    • Fairgame

      I see that Soludo’s foray into his ill fated political outings – with Atiku first then later wanting to be governor of Anambra state, has left him bitter and jobless. No international agency has touched him since he disappeared from the public eye because of his colossal reputation as the fraudulent CBN governor. His rantings here are nothing but the last desperate act of a man who is drowning. Soludo in his typical over inflated ego tells us that all the international rating agencies are wrong and only he Soludo, the man under who the biggest banking fraud in Nigeria took place is right. What a shame that Soludo’s poverty of character has reduced him to a miniature stature of a man, a pseudo intellectual for hire. What a shame

      • Dee

        Oga, what is this gibberish you are talking about? Did you read the message above?

        Do you even live in Nigeria? Or see what the common Nigerian is experiencing?

        When someone speaks the truth, it is now “intellectual for hire”. Let me tell you something, other countries are leaving Nigeria behind…keep dancing shoki in your mediocrity, you hear?

  • Fairgame

    This rating of F by Soludo of our economy can only be likened to an armed robber rating a bank manager F. Soludo is truly a drowning man. He should continue his case with EFCC although I hear that he is bankrupt having spent his loot, the money he fraudulently acquired as CBN governor on his political ambition to be governor of Anamabra state. And now bankrupt, he is desperately looking for a job, any job. He has clearly got a one off job here.

  • emmanuel

    Sulodo should be in jail. He is part of the reason he is scoring Jonathan low.

    Anyway, we will know who really scored the F9 by the time the FG is through with the cases involving him.

    Unfortunately, the Judiciary is today worse than the Police in graft, so he can continue to talk in Public since Jonathan said he does not believe in putting people in jail until the Judiciary finish playing their roles.

    This same Soludo copied NEEDS from the internet, presented it to Obasanjo as a laudable developmental programme, meanwhile the man did not have deep understanding of it. Thereafter, Obasanjo thought he had found a star.

    It turned out that Soludo was a fake all through.

    Yam head when get the guts to talk in Public, Professor my foot.

    • Rommel

      Before opening your mouth,which of the numbers he reel out are fake? based on what parameters are you attacking the prof or you are just using your opinion? your opinion is irrelevant here,what we need are facts which are sacred,he gave figures,if you have nothing to counter it with,you shut your mouth.Stop is these cock and bull story.If the man said 2 and you its 3,then you come out with your facts and we interrogate it.like I said,your opinion is irrelevant.

  • This is an issue for cerebral minds who appreciated the contributions of Professor Soludo to OBJ’s successful administration. To those who might have forgotten, OBJ gave Nigeria the GSM that had been in our neighbouring countries 5years earlier, improved the middle-class to the highest heights with increased standard of living, eliminated fuel scarcity without subsidy corruption, increased youth employment through GSM, Banks, Agriculture, Gas and other investments, gave Nigerians international recognition from the pariah status due to the killing of Saro Wiwa, paid our debts, dealt with corruption with Efcc with 419 guys running to Ghana etc,started the agricultural revolution with Cassava for bread and other initiatives, encouraged local entrepreneurs like the Dangote Group on Cement and Sugar, Commenced the establishment of nomadic schools which today
    is being white washed into Almajiri schools, commenced the reactivation of the railways and
    the privatisation of NEPA to PHCN.To all the uninformed, Professor Soludo and Mrs Okonjo Iweala were instrumental to all these achievements. These experts could only excel because of the Good Head of OBJ. However with a rotten head, Okonjo Iweala is being made the scape goat. Her cry to the National Assembly members that Diezani should be asked about the missing funds, remains unacceptable. I doubt if the Worldbank can retain her services any longer given that Madam this time around that She could have participated in the sharing of the booty.
    To the usual GEJ Voltrons and doubting Thomases of the above analysis, GOOGLE IS YOUR FRIEND.

  • Shuaibu Bola Victor

    It is quite unfortunate that some people might take Chukwuma Soludo’s
    evaluations of the President Goodluck Jonathan’s administration serious.
    As far as I am concerned, Chukwuma Soludo can never offer an objective
    and subjective assessment of GEJ’s administration due to his biased mind
    and vested interest.
    To say the least, everybody knows that Chukwuma
    Soludo was among the few Nigerians that fought hard to deny power from
    President Goodluck Jonathan in 2010 and 2011. In order words, during the
    ailing period of ex-President Yar ‘adua, Soludo was at the fore front
    of the campaign from South -East to stop Jonathan in order for him and
    his cabal to keep holding Nigerians at ransom. But God shouted him down.
    Soludo,
    we all know how he robbed Nigerians billions of dollars as CBN Governor
    and since then has been avoiding EFCC. Based on the corruption
    tendencies of Soludo, coupled with his questionable hidden agenda for
    his latest campaign for APC, Anambra people rejected him when he vied
    for Anambra state guber position in 2011. Again, since Soludo lost out,
    his sense of judgement has been beclouded considering his public
    utterances and dispositions in recent time.
    I strongly believe that Soludo is biased and cannot offer us neutral and quality evaluation of Nigerian economy.
    WORLD
    BANK and IMF that have the best economists from advanced countries of
    the world have already evaluated and scored President Goodluck
    Jonathan’s administration the best in Africa.
    Is Soludo more brilliant than WORLD BANK and IMF? NO!
    GEJ TILL 2019.

  • ceweeco projects

    Soludo, Amaechi and brothers in APC, Our Parties is not the only thing to which we owe our allegiance. It is also owed to justice and to humanity. Patriotism consists not in waving accusations and actualizing a do or die politic, but in striving that our country shall be righteous as well as strong. This country has being around more than any political parties in Nigeria, A private man, however successful in his own dealing, if his country perish is involved in her destruction; but if he be an unprosperous citizen of a prosperous city, he is much more likely to recover. Seeing, then, that States can bear the misfortunes of individuals, but individuals cannot bear the misfortunes of States, let us all stand by our country stop these your falsehoods. STOP, PARK AND ASK BUHARI TO SHOW HIS CERTIFICATE!

  • warry

    Buhari says he will pay #10,000 social security to 25 million Nigerians which is #250 billions. Already recurrent budget is over #3.0 trillion .Allow fuel subsidy payments of at least half a trillion.,giving a total recurrent expenditure of #3.75 trillions. Meanwhile total budget is #4.3trillion almost recurrent budget alone. Yet people are clapping. The problem is most of us have poor analytical,logical and numerical reasoning skills . Buharinomics I hail thee. May be because he failed mathematics. Will recurrent expenditure lead to any form of growth?. Even #4.3 trillions is not certain with falling oil prices.

    • Akpabio

      How long do you think it will take, or if you like, how much effort do you think is required by the Niger Delta, to make it impossible for a Nigerian ‘Federal’ Govt to meet its obligations for just a month?…Did you read the press conference held days ago by the revolutionary leaders of the Niger Delta in Bayelsa? …Mind you, that meeting was not held in the creeks or in a Sambissa-like environment, the meeting was held in a regular setting with a sitting Governor of the state in attendance. That should tell you something. I need not say more.

      Buhari lost it COMPLETELY when he dared to threaten to spill blood. He even then irrevocably lost it when his party declared that it will form a parralel govt. But we make bold to say, that we will form a horizontal govt so that in that way, a point of intersection will be guaranteed….and you can best imagine what the temperature would look like at that intersection. Get prepared.

    • tyson

      His own meaning of recurrent expenditure–is based on how he is going to steal my dwindling crude oil resources to cover the expenses of his past past election failures—in 2003–2007 and 2011–Must as u know have borrowed money from the banks to run for elections-That is a man who said he made grade 2 in WAEC– even though he failed maths-we call that another APC America wonder-For its only Buhari was able to make grade 2 in WAEC without Maths-in 1961

  • Umar Abubakar

    BREAKING NEWS!!! — Col Umar Abubakar Rtd, Speaks on Buhari
    ============================================

    “For over a month, Buhari is yet to provide his certificate and remove the shame he has painted on us, his diehard supporters. I mean, how difficult is it for Buhari to instruct WAEC to send a copy of his certificate to INEC, not to Premium Times? Is this so difficult? He doesn’t need to travel to do this. The time he used in Press Conference is the same opportunity he would tell WAEC to kindly send his certificate to INEC. By so doing, the whole world would know that he is truly a man of integrity and incorruptible.” — Col Umar Abubakar Rtd,

  • tyson

    The question is who is sulodo as described by the body set up to investigate–him while governor of CBN—in conclusion, the Committee finds Prof. Chukwuma C. Soludo liable for gross negligence, recklessness and gross abuse of office. Meaning he is a thief–Dont u know Sulodo is another Buhari in the making—-? Buhari who should have enlisted into the army as a private got commissioned as an officer–and lied to us that he made grade 2 without passing Maths———–that is Nigeria for u–A man indicted for stealing is now our economic teacher again. I begi let my people go–ojare

  • BREAKING NEWS!!!!!!

    BREAKING!!!! — An Abuja Constitutional Lawyer drags Buhari to court for certificate fraud.

    ================================================================

    “…The controversy over the academic certificate of the Presidential candidate of the All Progressives Congress, APC, General Muhammadu Buhari is far from over as an Abuja based Legal Practitioner on Monday approached the Federal High Court in Abuja with an application seeking the disqualification of Buhari from contesting February election for lack of educational qualification…

    Mr. Chike Okafor, who approached the Abuja high Court seeks Buhari’s disqualification, on account of false information given by the candidate in the affidavit he submitted to the Independent National Electoral Commission, INEC, in support of his nomination form.
    Okafor in suit No. FHC/ABJ/CS/01/2015, predicated the case on Section 131 of the Constitution which prescribes a minimum qualification for nomination to participate in Presidential elections and Section 31 of the Electoral Act that stipulates all presidential candidates to depose an affidavit in proof of compliance with constitutional requirement to be President of Nigeria…” — Nigeriapoliticsonline….com

    ..

    But you mean Premium Times, with its office in Abuja did not hear about this news?…Chei! Bad belle no good oh! There is God oh!

  • Bayo

    Behind
    the facade of a brilliant presentation, this piece is a concoction of lies and
    half-truths. Soludo is certainly up to something sinister.

  • Julius

    What exactly is the essence of this long winding article? The time and mental resources invested in cooking up these lies could have been better utilised. It’s quite disappointing to see this coming from Charles Soludo.

  • Irene

    Soludo has written like the proverbial man who always complains about the sun casting shadows while refusing to acknowledge the vital role that the sun plays in sustaining life on our planet (through photosynthesis and other processes).
    Soludo is whining about issues that don’t exist while ignoring the progress that has been made and that is being made. How come he did not acknowledge the fact that the Goodluck Jonathan administration grew our foreign reserves from $22bn under Yar’adua to $45bn?

  • blueeyedkitten

    i agree completely with soludo on this.

  • Kenneth

    Who knows
    Soludo may just be staging a comeback into government as Finance Minister after
    the elections.

  • George

    We should
    not give heed to distracting voices such as these, particularly when it has
    undertone of politics; this government is putting up practical measures to cope
    with the economic crises.

  • Iluyomade

    We should
    not give heed to distracting voices such as these, particularly when it has
    undertone of politics; this government is putting up practical measures to cope
    with the economic crises.

  • Dan

    It is rather unfortunate that a supposedly seasoned professional would
    become so blinded by politics as to whip up sentiments over issues that
    are either totally false or simply exaggerated. Soludo will soon lose
    whatever regard he has earned if he continues this way.

  • BREAKING NEWS!!!!

    BREAKING!!!! — An Abuja Constitutional Lawyer drags Buhari to court for certificate fraud.
    ================================================================

    “…The controversy over the academic certificate of the Presidential candidate of the All Progressives Congress, APC, General Muhammadu Buhari is far from over as an Abuja based Legal Practitioner on Monday approached the Federal High Court in Abuja with an application seeking the disqualification of Buhari from contesting February election for lack of educational qualification…

    Mr. Chike Okafor, who approached the Abuja high Court seeks Buhari’s disqualification, on account of false information given by the candidate in the affidavit he submitted to the Independent National Electoral Commission, INEC, in support of his nomination form.
    Okafor in suit No. FHC/ABJ/CS/01/2015, predicated the case on Section 131 of the Constitution which prescribes a minimum qualification for nomination to participate in Presidential elections and Section 31 of the Electoral Act that stipulates all presidential candidates to depose an affidavit in proof of compliance with constitutional requirement to be President of Nigeria…” — Nigeriapoliticsonline….com

    ..

    But you mean Premium Times, with its office in Abuja did not hear about this news?…Chei! Bad belle no good oh! There is God oh!

  • Uhuru

    SOLUDO: THE SILENT ASSASSIN IN PINSTRIPE SUIT

    Make no mistake Soludo’s article on Buhari vs Johnathan: Beyond the election is a very incisive, informative, statistics-laden, no prisoners-taken and well crafted piece. This was well-intentioned for impact maximisation one way or the other. On the counts of depth and scholarly excellence, this should be viewed purely from a non-partisan prism – an end of semester school report we are made to believe. Or is it?

    For the Jonathan administration this is a very pivotal and potentially damaging article that could not have come at the most inauspicious time. Such hard hitting, ‘no frills’ forensic examination of a sitting government often proves decisive in winning over undecided voters. In essence this sort of intervention wins or loses elections.

    Forgetting the messenger and focusing on the message, this piece contains copious and eye-watering economic statics
    that unforgivably lays bare the supine and inscrutable miss governance of the present administration that has left swathe of the country improvised, insecure and arguably regressed; the import of which might just have deflated and
    flattened GEJ’s re-election bid and rendered it a monumental exercise in futility. To team Jonathan, this is what a renowned football manager famously referred to as ‘squeaky bum time’. In fact based on the economic indices staring us in the face there is no hiding place.

    In the face of this apocalyptic end of term assessment of GEJ’s six years tenure tagged with an unflattering F9, team
    GEJ can do either of two things. 1) Try to wish this away and hope that the Premium Times readers, mostly rural, uneducated and uninformed but loyal voters will see and hear no evil of this pesky and damning report. 2) Offer a nugatory defense by portraying Soludo as a disgruntled, corrupt, and failed political turncoat with an axe to grind.

    Whichever way you look at it, either options are froth with danger and unlikely to cut any ice among a highly informed and sensitised urban voters. On the other hand, to bedaub Soludo (which is what option 2 connotes), is probably the
    most alluring but could prove to be the unintended ‘fifth column’ within team GEJ’s campaign.

    To show the daunting task confronting the PR team of GEJ, even in the unlikely event they manage to come up with any
    credible and mollifying political and economic figures to the contrary or decide to circle the wagons, it may be too little too late as majority of the electorates would have gone past the stage of listening. Sadly for team GEJ, the genie is already out of the bottle. Short of performing an alchemy, a robust and convincing riposte ‘with hard facts’ that either matches or
    surpasses this damaging exposé from an erstwhile government insider is what is required to potentially head off GEJ bagging an ineluctable one-way ticket down a bottomless political mine shaft post February 14.

    However, the question needs to be asked. Should we take Soludo’s intervention as pure altruism or unashamed narcissism? Unfortunately, with many not asking these questions, majority on this forum have cottoned on to this and taken it as a holy grail. Should that be the case? The answer is both yes and no.

    Disregarding certain economic inexactitudes contained in this article like the half truth about oil prices under OBJ and
    GEJ, the inexplicable use of 2011 NBS statistics to analyse 2015 figures etc, which others can argue is Lilliputian in the greater scheme of things; the immutable truth is yes, his piece was altruistic. Soludo was spot on in flagging up the
    great opportunity and goodwill availed to GEJ to move Nigeria forward which he and his acolytes somehow contrived to spurn. Instead they reveled and indulged in perpetuating corruption, cronyism, insecurity, unemployment and poverty.

    On the other hand, I see this article as the apogee of narcissism. Call me a spoil sports or whatever you choose, there is something nightly about the timing and intent. Why? Despite the indisputable veracity of his piece I personally see his intervention as self-serving, political point scoring, an attempt to settle some (unknown) old scores, especially for someone who was part of the establishment in not too distant past.

    For example, Soludo is absolutely within his rights to take sabbatical leave from partisan politics as he puts
    it. However, it is a bit rich for him to then turn round to conclude that he is watching this political drama from a non-partisan balcony. To the discerning this is more of a ‘schadenfreude dance’ from a partisan balcony festooned with well crafted and shiny brooms.

    As much as he rightly tried to focus on the merits and demerits of GMBs and GEJs candidacy, the preponderance and ample energy expended on the unenviable, (non) achievement of GEJ over the last six years is as near an endorsement team GMB can ever get from such a learned and respected scholar- that is if some people bother to read in between the lines. Frankly speaking, it would have made more sense for him to have come out to nail his colour on the mast of the APC ship without trying to soil this undeniable masterpiece with this unconvincing attempt to appear non partisan.

    Also, Soludo from his account wants us to believe that he unilaterally withdrew from partisan politics and public view in order to pursue other passions abroad. Again it is within his rights to do so. However, in doing so it would have helped if he was able to at least let his audience in on what those passions are. Not doing so ultimately feds the perception
    that there is more to this than meets the eye. Unless informed otherwise, Soludo as far as I know is not contracted to
    any foreign professional body, academic or economic institutions, corporate multinational or any big non–governmental organisations in Nigeria or abroad that would have validated such spurious claim of indulging in other passions as contained in his preface.

    For the discerning, the tail end of his expert piece is a how to surreptitiously climb on the PDP campaign bandwagon, send out a distress call saying I am available if ever you need me – the import which should not be lost on the PDP hierarchy as this might ultimately benefit them. At the same time he is also doing team GMB’s work without openly signing up and
    becoming a card carry member.

  • Shuaibu Bola Victor

    It is quite unfortunate that some people might take Chukwuma Soludo’s
    evaluations of the President Goodluck Jonathan’s administration serious.
    As far as I am concerned, Chukwuma Soludo can never offer an objective
    and subjective assessment of GEJ’s administration due to his biased mind
    and vested interest.
    To say the least, everybody knows that Chukwuma
    Soludo was among the few Nigerians that fought hard to deny power from
    President Goodluck Jonathan in 2010 and 2011. In order words, during the
    ailing period of ex-President Yar ‘adua, Soludo was at the fore front
    of the campaign from South -East to stop Jonathan in order for him and
    his cabal to keep holding Nigerians at ransom. But God shouted him down.
    Soludo,
    we all know how he robbed Nigerians billions of dollars as CBN Governor
    and since then has been avoiding EFCC. Based on the corruption
    tendencies of Soludo, coupled with his questionable hidden agenda for
    his latest campaign for APC, Anambra people rejected him when he vied
    for Anambra state guber position in 2011. Again, since Soludo lost out,
    his sense of judgement has been beclouded considering his public
    utterances and dispositions in recent time.
    I strongly believe that Soludo is biased and cannot offer us neutral and quality evaluation of Nigerian economy.
    WORLD
    BANK and IMF that have the best economists from advanced countries of
    the world have already evaluated and scored President Goodluck
    Jonathan’s administration the best in Africa.
    Is Soludo more brilliant than WORLD BANK and IMF? NO!
    GEJ TILL 2019.

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  • Okey

    Charles Chukwuma Soludo convinces me beyond all manner of doubts, that the average Nigerian elite is motivated only by PERSONAL INTEREST. To him, the much touted “National Interest” is a facade, a make-up to gain applause for relevance.

    Prof., without much ado, the summary of this your syndicated piece is quite discernible, the subterfuge of your first paragraph notwithstanding. Which summary is: Jonathan, the worst man; his administration the worst ever. Buhari, very much unknown to you, this Jonathan man has left a mountainous problem for you to clear but I, Soludo, is the best guy to assist you in clearing the mess.

    But I assure Chukwuma Soludo one thing: It is doubtful if he can EVER AGAIN impress or make meaning to his intended audience. For to them, Charles Chukwuma Soludo has committed the “Alex Ekwueme Harakiri.”

    Dr Alex Ekwueme had gone to Abacha’s National Conference wherein he advocated for “Rotational Presidency” as between the North and South and amongst the six (6) geo-political zones. The North, in particular people of the North-West, regarded that proposition by Alex Ekwueme as a direct attack against the North. How that was/is, is still a puzzle to those of us who genuinely desire the longevity of this nation vide justice and equality of citizens and opportunity. Alex Ekwueme was to be punished severely when during the 1999 PDP Jos presidential primaries, Northern leaders and their hirelings in Nigeria ensured that Ekwueme lost. He was to come again in 2003. Arewa Peoples Congress (APC) commissioned a study and report on “Between Obasanjo and Ekwueme, who the North Should Support.” What’s the outcome ? The outcome was instructive as it said in sum: Though Obasanjo has not performed, the North is still advised to go ahead with him instead of Alex Ekwueme.

    Why that long history ? The North says Charles Chukwuma Soludo dealt them a mortal blow. That when he carried out the recapitalization programmed, 25 banks survived. That of the 25, 13 had Yorubas as controlling shareholders whilst Igbos control 11, leaving the North with only one (1), Unity Bank. Without being reminded, the process that led to the privatization of the banks was very transparent as the banks were capitalized through the interests and funds of shares-purchasers, who happened to be mostly Southerners.That citizens from a section of the country did not show commensurate enthusiasm was no making of Soludo. But the North held him liable for that. Soludo’s “culpability” manifested when time came for the renewal of his tenure. Despite willingness of President Yar’Adua to tenure renewal which he had personally promised Soludo, some Northern elders insisted and ensured that Yar’Adua never renewed the tenure.

    No doubt, Jonathan’s unforgivable offence against Soludo was committed when Soludo vied for the governorship of Anambra State. (I could now remember myself then making strident, unrelenting calls on Thisday newspaper online – as I did on his second attempt – for a wholesale welcome of Soludo’s candidature, warning that Anambra and indeed Ndigbo will miss their way and suffer a dire consequence if Soludo was not given a prime place-role via Anambra State – to the point that many thought Prof. Charles Chukwuma Soludo had commissioned me for that. The fact being and remaining that, for me, that is not possible. Second, I don’t know him, he doesn’t know me either and we are not even from the same State). By that time, Jonathan was still “a good boy” to the Ota man. And the Ota instruction came that “Charles be stopped” because Charles posed a stumbling-block to “the ‘anointed son’ from Anambra.” Jonathan carried that instruction to the letter. In the result, both Soludo and the anointed son lost to Peter Obi. Perhaps for a pound of flesh, Soludo was latter to identify with Atikiu Abubakar in the PDP 2011 primaries against Jonathan.

    Now, Soludo, in obvious journey to protecting his personal interest, just like his fellow Nigerian elites, has undertaken the “Last Push” by joining in the “Operation Stop Jonathan.” My prayer for Soludo is: may you not in the end be found to have committed the “Alex Ekwueme Harakiri”

  • Shuaibu Bola Victor

    It is quite unfortunate that some people might take Chukwuma Soludo’s
    evaluations of the President Goodluck Jonathan’s administration serious.
    As far as I am concerned, Chukwuma Soludo can never offer an objective
    and subjective assessment of GEJ’s administration due to his biased mind
    and vested interest.
    To say the least, everybody knows that Chukwuma
    Soludo was among the few Nigerians that fought hard to deny power from
    President Goodluck Jonathan in 2010 and 2011. In order words, during the
    ailing period of ex-President Yar ‘adua, Soludo was at the fore front
    of the campaign from South -East to stop Jonathan in order for him and
    his cabal to keep holding Nigerians at ransom. But God shouted him down.
    Soludo,
    we all know how he robbed Nigerians billions of dollars as CBN Governor
    and since then has been avoiding EFCC. Based on the corruption
    tendencies of Soludo, coupled with his questionable hidden agenda for
    his latest campaign for APC, Anambra people rejected him when he vied
    for Anambra state guber position in 2011. Again, since Soludo lost out,
    his sense of judgement has been beclouded considering his public
    utterances and dispositions in recent time.
    I strongly believe that Soludo is biased and cannot offer us neutral and quality evaluation of Nigerian economy.
    WORLD
    BANK and IMF that have the best economists from advanced countries of
    the world have already evaluated and scored President Goodluck
    Jonathan’s administration the best in Africa.
    Is Soludo more brilliant than WORLD BANK and IMF? NO!
    GEJ TILL 2019.

  • Es3

    I read that already and I wonder what impact it has especially coming from a man that mid-wived a failed bank reforms, could not implement the reforms he initiated to the letters and left redundant bank staff to die after his reform documents and speeches stated otherwise, claimed (as Professor of Economics) that Nigeria is immuned from the global economic shocks and meltdown of 2008 but Nigeria ended up being hit very badly despite his assurances and the list seems t be endless???!

    He should start by scoring himself as CBN governor and ask other Nigerians to score him as well, if he runs away with a H (worse that F), then he would have been lucky!!!

    What won’t Nigerians see??? A professor of Economics and Central Bank Governor who lacked in basic analytic abilities on both Nigerian macro and international economic dynamics (interplay) for a near mono-source economy like Nigeria, is scoring someone else?!!!

  • Shuaibu Bola Victor

    “The grounds on which General Buhari is being promoted as the alternative
    choice are not only shaky, but pitifully naive. History matters. Records are
    not kept simply to assist the weakness of memory, but to operate as guides to
    the future. Of course, we know that human beings change. What the claims of
    personality change or transformation impose on us is a rigorous inspection of
    the evidence, not wishful speculation or behind-the- scenes assurances. Public
    offence, crimes against a polity, must be answered in the public space, not in
    caucuses of bargaining”—-Prof Wole Soyinka

  • Uhuru

    SOLUDO: THE SILENT ASSASSIN IN PINSTRIPE SUIT

    Make no mistake Soludo’s article on Buhari vs Johnathan: Beyond the election is a very incisive, informative, statistics-laden, no prisoners-taken and well crafted piece. This was well-intentioned for impact maximisation one way or the other. On the counts of depth and scholarly excellence, this should be viewed purely from a non-partisan prism – an end of semester school report we are made to believe. Or is it?

    For the Jonathan administration this is a very pivotal and potentially damaging article that could not have come at the most inauspicious time. Such hard hitting, ‘no frills’ forensic examination of a sitting government often proves decisive in winning over undecided voters. In essence this sort of intervention wins or loses elections.

    Forgetting the messenger and focusing on the message, this piece contains copious and eye-watering economic statics that unforgivably lays bare the supine and inscrutable miss governance of the present administration that has left swathe of the country improvised, insecure and arguably regressed; the import of which might just have deflated and flattened GEJ’s re-election bid and rendered it a monumental exercise in futility. To team Jonathan, this is what a renowned football manager famously referred to as ‘squeaky bum time’. In fact based on the economic indices staring us in the face there is no hiding place.

    In the face of this apocalyptic end of term assessment of GEJ’s six years tenure tagged with an unflattering F9, team GEJ can do either of two things. 1) Try to wish this away and hope that the Premium Times readers, mostly rural, uneducated and uninformed but loyal voters will see and hear no evil of this pesky and damning report. 2) Offer a nugatory defense by portraying Soludo as a disgruntled, corrupt, and failed political turncoat with an axe to grind.

    Whichever way you look at it, either options are froth with danger and unlikely to cut any ice among a highly informed and sensitised urban voters. On the other hand, to bedaub Soludo (which is what option 2 connotes), is probably the most alluring but could prove to be the unintended ‘fifth column’ within team GEJ’s campaign.

    To show the daunting task confronting the PR team of GEJ, even in the unlikely event they manage to come up with any credible and mollifying political and economic figures to the contrary or decide to circle the wagons, it may be too little too late as majority of the electorates would have gone past the stage of listening. Sadly for team GEJ, the genie is already out of the bottle. Short of performing an alchemy, a robust and convincing riposte ‘with hard facts’ that either matches or surpasses this damaging exposé from an erstwhile government insider is what is required to potentially head off GEJ bagging an ineluctable one-way ticket down a bottomless political mine shaft post February 14.

    However, the question needs to be asked. Should we take Soludo’s intervention as pure altruism or unashamed narcissism? Unfortunately, with many not asking these questions, majority on this forum have cottoned on to this and taken it as a holy grail. Should that be the case? The answer is both yes and no.

    Disregarding certain economic inexactitudes contained in this article like the half truth about oil prices under OBJ and GEJ, the inexplicable use of 2011 NBS statistics to analyse 2015 figures etc, which others can argue is Lilliputian in the greater scheme of things; the immutable truth is yes, his piece was altruistic. Soludo was spot on in flagging up the great opportunity and goodwill availed to GEJ to move Nigeria forward which he and his acolytes somehow contrived to spurn. Instead they reveled and indulged in perpetuating corruption, cronyism, insecurity, unemployment and poverty.

    On the other hand, I see this article as the apogee of narcissism. Call me a spoil sports or whatever you choose, there is something nightly about the timing and intent. Why? Despite the indisputable veracity of his piece I personally see his intervention as self-serving, political point scoring, an attempt to settle some (unknown) old scores, especially for someone who was part of the establishment in not too distant past.

    For example, Soludo is absolutely within his rights to take sabbatical leave from partisan politics as he puts it. However, it is a bit rich for him to then turn round to conclude that he is watching this political drama from a non-partisan balcony. To the discerning this is more of a ‘schadenfreude dance’ from a partisan balcony festooned with well crafted and shiny brooms.

    As much as he rightly tried to focus on the merits and demerits of GMBs and GEJs candidacy, the preponderance and ample energy expended on the unenviable, (non) achievement of GEJ over the last six years is as near an endorsement team GMB can ever get from such a learned and respected scholar- that is if some people bother to read in between the lines. Frankly speaking, it would have made more sense for him to have come out to nail his colour on the mast of the APC ship without trying to soil this undeniable masterpiece with this unconvincing attempt to appear non partisan.

    Also, Soludo from his account wants us to believe that he unilaterally withdrew from partisan politics and public view in order to pursue other passions abroad. Again it is within his rights to do so. However, in doing so it would have helped if he was able to at least let his audience in on what those passions are. Not doing so ultimately feds the perception

    that there is more to this than meets the eye. Unless informed otherwise, Soludo as far as I know is not contracted to any foreign professional body, academic or economic institutions, corporate multinational or any big non–governmental organisations in Nigeria or abroad that would have validated such spurious claim of indulging in other passions as contained in his preface.

    For the discerning, the tail end of his expert piece is how to surreptitiously climb on the PDP campaign bandwagon, send out a distress call saying I am available if ever you need me – the import which should not be lost on the PDP hierarchy as this might ultimately benefit them. At the same time he is also doing team GMB’s work without openly signing up and becoming a card-carrying member.

  • Labarana

    Soludo’s use of 2010 -11 data to measure our 2015 economic performance is mischief, to say the leastSoludo connived with banks to milk our economy and leave us vulnerable to the crisis. GEJ came and worked to keep growth at 7%.

  • Labarana

    Deceit is Soludo neglecting that GEJ grew our FR from $22Bn under Yar’adua to $45Bn. d data – like Shakiras’s hips- don’t lie.

    • Solomon

      You guys are unbelievable. How many handles do you have?

    • yumster

      where is the data ?

  • Labarana

    While Soludo was hobnobbing with bank CEOs, the economy was on fire! Soludo connived with banks to hurt our economy.

  • This is an issue for only cerebral minds who appreciated the contributions of Professor Soludo to OBJ’s successful administration. To those who might have forgotten, OBJ gave Nigeria the GSM that had been in our neighbouring countries 5years earlier, improved the middle-class to the highest heights with increased standard of living, eliminated fuel scarcity without subsidy corruption, increased youth employment through GSM, Banks, Agriculture, Gas and other investments, gave Nigerians international recognition from the pariah status due to the killing of Saro Wiwa, paid our debts, dealt with corruption with Efcc with 419 guys running to Ghana etc,started the agricultural revolution with Cassava for bread and other initiatives, encouraged local entrepreneurs like the Dangote Group on Cement and Sugar, Commenced the establishment of nomadic schools which today
    is being white washed into Almajiri schools, commenced the reactivation of the railways and
    the privatisation of NEPA to PHCN.To all the uninformed, Professor Soludo and Mrs Okonjo Iweala were instrumental to all these achievements. These experts could only excel because of the Good Head of OBJ. However with a rotten head, Okonjo Iweala is being made the scape goat. Her cry to the National Assembly members that Diezani should be asked about the missing funds, remains unacceptable. I doubt if the Worldbank can retain her services any longer given that Madam this time around that She could have participated in the sharing of the booty.
    To the usual GEJ Voltrons and doubting Thomases of the above analysis, GOOGLE IS YOUR BEST FRIEND.

  • Shuaibu Bola Victor

    It is quite unfortunate that some people might take Chukwuma Soludo’s
    evaluations of the President Goodluck Jonathan’s administration serious.
    As far as I am concerned, Chukwuma Soludo can never offer an objective
    and subjective assessment of GEJ’s administration due to his biased mind
    and vested interest.
    To say the least, everybody knows that Chukwuma
    Soludo was among the few Nigerians that fought hard to deny power from
    President Goodluck Jonathan in 2010 and 2011. In order words, during the
    ailing period of ex-President Yar ‘adua, Soludo was at the fore front
    of the campaign from South -East to stop Jonathan in order for him and
    his cabal to keep holding Nigerians at ransom. But God shouted him down.
    Soludo,
    we all know how he robbed Nigerians billions of dollars as CBN Governor
    and since then has been avoiding EFCC. Based on the corruption
    tendencies of Soludo, coupled with his questionable hidden agenda for
    his latest campaign for APC, Anambra people rejected him when he vied
    for Anambra state guber position in 2011. Again, since Soludo lost out,
    his sense of judgement has been beclouded considering his public
    utterances and dispositions in recent time.
    I strongly believe that Soludo is biased and cannot offer us neutral and quality evaluation of Nigerian economy.
    WORLD
    BANK and IMF that have the best economists from advanced countries of
    the world have already evaluated and scored President Goodluck
    Jonathan’s administration the best in Africa.
    Is Soludo more brilliant than WORLD BANK and IMF? NO!
    GEJ TILL 2019.

  • Labarana

    Soludo’s use of 2010 -11 data to measure our 2015 economic performance is mischief, to say the leastSoludo connived with banks to milk our economy and leave us vulnerable to the crisis. GEJ came and worked to keep growth at 7%.

  • VoteGEJ2015

    Seems to me the man is seeking relevance or resentful of the fact
    that others and not he are at the helm of affairs. Maybe there is even
    an element of professional jealousy viz a viz Iweala, Emefiele and
    Adesina – all highly respected in their fields. This talk of outsourcing
    as being a negative thing is laughable. Blair (UK prime minister)
    appointed G. Brown as Finance minister. It is well known that he
    ‘outsourced’ economic matters to him as part of their leadership
    agreement. Similarly President Reagan (US) was an actor. How on earth is
    he supposed to understand the minutiae of economic theory. Naturally
    he has to ‘outsource’ a lot of the work wrt economic planning to others.
    What on earth is the point of having ministers or advisers then? In
    fact in the US some of these positions are constitutionally mandated. No
    one can know everything or do everything. The electorate do not expect
    that. What they expect is someone who (in their opinion) has a credible
    plan and vision to move the country forward and has the best interests
    of the country at heart. As the head of the executive branch of
    government the presidents role is to take decisions and provide policy
    direction not to be an expert in everything. If OBJ was meeting with
    Soludo everyday one wonders how much time he was able to devote to anything
    else or where other important matters of state being neglected at the
    time?

    But the main point is that for someone who is obviously very
    familiar with economics his analysis of the NIgerian economy over the
    last 16 years is utterly baffling, disingenuous and lacking in depth. He
    willfuly or otherwise chooses to ignore several key facts.

    Firstly
    on the point of the 7% GDP growth rate during OBJ’s tenure he has not
    made it clear that at the time Nigeria was coming out of a deep and
    protracted period of economic malaise. There was for the first time time
    in a long time global confidence in the Nigerian economy wrt the recent
    democratic dispensation and debt relief. In other words GDP relative to
    the size of the population and national resources was at a very low
    level following years of economic mismanagement. At this point I can’t
    contain my amusement at the idea that there was either quality in
    the teams managing the economy prior to 2003 (with a few exceptions) or fundamental
    transformation of any sort unless of course Soludo is living in some
    parallel reality that none of us have access to.

    At the same
    time the world was in full blown high growth mode as the BRIC’s (Brazil,
    Russia, India and China) were expanding rapidly economically and
    monetary policy globally was very loose. There was a global economic
    bubble in full swing and as we know a rising tide raises all boats
    (including nigeria even though ‘our own get hole inside’). Importantly
    also the fracking revolution in the US had not yet begun which meant
    that countries like Nigeria were able to sell more of the oil they
    produced as the oil glut we see today was not present then. (This is not
    to say supplies were tight but that is a story for another day.). In
    addition the dollar was very weak back then. Hence, Nigeria was able to
    maintain the $112 or so exchange rate at that period of time.

    If one contrasts all this with what has transpired since 2008 (oil
    glut/oversupply, strong dollar, rebased GDP, global recession etc) it
    is remarkable Nigeria has managed an average 6% GDP growth rate at all.

    Addressing
    the issue of the forex reserves it is shameful (possibly even criminal)
    to have $43bn sitting in an account somewhere whilst the nation suffers
    chronic power supply shortages, imports basic food stuffs and other
    commodities to the tune of several billion dollars, has a woeful
    transport infrastructure, millions of children malnourished and lacking
    basic education, poor energy infrastructure, substandard or non existent
    housing stock, and a lack of basic health and welfare services. I bet
    the majority of the population would be happy to have ZERO forex
    reserves if they could have these basic things.

    As for the use of
    debt to GDP metric as a way to measure indebtedness yes it may be an
    artificial construct but it is one that everyone uses. So it must have
    some merit. The IMF and World bank both regard Nigeria as a nation with
    low gearing and and one with ample scope to further increase debt. And
    as if to reinforce that point the IMF recently doubled the amount it
    allocates to NIgeria for various projects to $2bn.

    But most of all
    I am shocked that Soludo does not seem to have made the connection
    between Nigeria’s rapid population rise over the last decade (one of the
    fastest in the world) and poverty. I am sure he is aware that China, as a
    recent example of where a large population have been to some extent
    lifted out of poverty, has taken nearly 40 years to achieve this feat.
    And despite this there is still another 40% (approx.) of the pop. yet to
    be taken out of poverty. So yes the poverty rate may or may not
    (frankly I am not sure how credible the stats were back then) have been
    higher during OBJ’s time in office but given the very fast rate of
    increase in the population and years of economic mismanagement it should
    not come as any surprise if it turns out that the poverty rate has gone up,
    regrettable though that is.

    That is why I have no truck with
    the idea that improving the power supply is not of critical importance.
    It is this (as a result of the rapid industrialization that would naturally follow)
    together with an agricultural revolution (that i believe is already in full swing in the
    country right now) that will do most to create jobs and transform the
    country into a major success story. Indeed it is the very size of the
    population that may become one of the country’s greatest strengths.
    Citing Spain and Greece as examples of countries which are experiencing
    high unemployment (and a weak economy) despite having good
    infrastructure to assert that infrastructure at this stage of Nigeria’s
    development may not make a significant impact on the jobless figures is
    disingenuous to say the least. Comparing Nigeria’s economy to those
    economies is like comparing apples with oranges.

    It beggars belief why people who ought to know better come up with
    misleading articles such as this one. Rather than making far ranging criticisms
    that have very little to do with the facts they would be far better restricting their
    comments to what it is they are actually unhappy about. In the case of
    Soludo i assume it is the fact that he perceives that there is a lot of
    corruption, ineptitude and cronyism within the government and civil
    service. Here i would to some extent agree with him. In particular
    corruption is a big issue which will take time to resolve. Even developed
    economies struggle with this problem to the present day. I think Jonathan’s emphasis
    on technology to tackle the problem is a good start. Next it may be useful to set up
    some kind of government audit system which first can be administered by international
    bodies and then laterly by regional non-governmental audit commissions set up
    to operate anywhere nationwide with the exclusion of their own home region.
    By law some of the proceeds of successful prosecutions could then be awarded
    to the relevant commission as an incentive to uphold the law and avoid involvement in graft.
    I also very much agree with his comments regarding the 12 universities that have
    been built and the general standard of tertiary and vocational institutions in the country.
    However, Rome was not built in a day and therefore I urge fellow Nigerians to exercise
    patience regarding this issue. This is a big nation with a big population. It will take
    some time to fix these problems many of which are deep seated and protected by powerful
    vested interests. However, I would agree that some fixes can and should be sped
    up such as, in no particular order; upgrading one or possibly two
    universities to world or near standard, fixing refineries, passing PIB
    bill, pipeline security, expansion of gas gathering infrastructure,
    significant increase in mechanized farms and in support for farmers so as to end
    importation of basic food stuffs, strengthening property rights, land
    reform, rapid completion of FTZ deep sea port and a basic rail network
    for freight trains.

    Finally lest I forget Soludo needs to answer for the N5.7tn ($30bn) worth of debt
    which AMCON had to assume following Nigeria’s recent banking crisis the seeds
    of which where planted firmly under his watch!

  • Olumide Abas

    Some of the last statements of the former CBN boss’ speech says
    it all. He had demanded that the president should “save himself from the
    stranglehold of his largely provincial palace jesters who tell him he has done
    better than God, and seek out ‘enemies’ and friends who can help him write his
    name in history.” Get it people! This former CBN governor wants to be relevant
    in The Next government. He sells himself as one of the ‘enemies’ who can help
    the president write his name in history. It’s ridiculous!

  • Shaanu Akowe

    If the former chief economic adviser to the former president Olusegun Obasanjo, Charles Soludo in his analyses of the numbers could be a little bit more sincere and judge based on the prevailing global economic realities, he would have absolved the current managers of our economy of incompetence. He should have
    understood that there are a couple variables that are not consistent with what
    obtained in the time he was in government. I think he should tinker with the
    changed variables too.

  • James Ojapa

    They will soon come and tell you dasuki stole 2.1 billion that is why the economy is in recession forgetting that they met at least 600 billion which they shared amongst themselves in the guise of bailout.

    • Oyewale Oluseyi Ilesanmi

      Where did you get all this information. Pls get your facts straight before you posted it.

  • isaac

    What did PHD former finance minister bring to the table other than economic poverty. Many professors in our political dispensation have performed poorly that one wonders how and where they got their certificate from. The bottom line is that oil glott in international market has a devastating effect on nigeria which continually affects federal revenue. It is simple economics. You cannot spend what you don’t have.I see your list of causes as speculative, illogical and mischievous. At the moment, all hands must be on deck to assist those privilege to be in government, in providing useful economic, social and political ideas rather than pursuing ‘bring them down syndrome’

    • AlBsure23

      Ignoramus!

    • Justice

      “You cannot spend what you don’t have”. Exactly moron. You cannot give what you don’t have. Buhari and co don’t have it. Period.

      • Jasper

        And I guess u have it to know “Buhari n co” dont have it, what you have we can see it here clearly..NOTHING!

        • Justice

          ????? Makes no sense.

    • Oyewale Oluseyi Ilesanmi

      Thank you. You really smart one among all the imbecile that full of baloney. They don’t have anything to contribute to make impact rather than pursuing way to bring them down

  • Amir

    …and Jonathan had many flourishing businesses before he became the ineffectual buffoon. nonsense write-up!

    • Stannydon

      Did you read that well, or your bigotism just removed your common sense..

  • Emmanuel

    Some hypocrites won’t say the truth. Even if GEJ’s administration was corrupt, PMB’s is worse. Difference is, Jonathan brought prosperity to Nigeria, Buhari should retire.