Soludo shoots back at Jonathan, says President missed the point on missing N30 trillion

A former Governor of the Central Bank of Nigeria, Chukwuma Soludo, has released a third article responding to President Goodluck Jonathan’s claim that it was impossible for N30 trillion to have been stolen when federal budget over the last four years was less than N30 trillion.

In his article, Mr. Soludo argues that Mr. Jonathan missed the point, and suggested the President did either not read or understand his last two essays on the “mismanagement” of the economy.

Read Mr. Soludo’s full article below.

President Jonathan Missed the Point on the Missing N30 trillion, By Chukwuma Charles Soludo

My attention has been drawn this morning to an article entitled: “Jonathan Replies Soludo over “missing N30 trillion” claim”— extracting from Mr. President’s interview as published by Thisday newspaper. ThisDay quoted Mr. President as saying that “Soludo said that under Ngozi’s watch they stole N30 trillion” but that since the sum of the federal budget over the last four years was less than N30 trillion, such an amount could not have been “stolen”. According to the President, “it is all political”. I had earlier stated that I would not make further comments on the issues until probably after the elections but since Mr. President has decided to join the fray, I am constrained to make a further brief clarification. For me, President Jonathan is a gentleman and a friend but I have a fundamental disagreement on his management of the economy. On the issues at stake, I believe that the pressures of office and the hectic electioneering campaigns have not allowed him time to read my articles or that his staff have not explained the contents to him hence he totally missed the point in his comments. For the avoidance of doubt, let me clarify as follows:

1. In my article entitled “Ngozi Okonjo-Iweala and the Missing Trillions”, I presented some rough calculations covering: oil theft, money that ought to accrue to stock of foreign reserves, unbudgeted oil subsidy payments, customs duty waivers, leakages through the self-financing government parastatals, unremitted sums by NNPC, etc. I concluded that section of my article by noting that: “I have a long list but let me wait for now. I do not want to talk about other ‘black pots’ that impinge on national security. My estimate, Madam, is that probably more than N30 trillion has either been stolen or lost or unaccounted for or simply mismanaged under your watchful eyes in the past four years”.

2. It is evident that the monies I referred to are “off-budget”. These are monies that did not make it to the budget. I find it funny that the Government deliberately avoided the issues raised above but instead has sought to divert attention by focusing on the “federal budget”. Let me state for the record that I believe that the amount of resources that are either stolen from the economy or out-rightly mismanaged by government far exceeds the federal budget per annum. Ours is about a N100 trillion economy, and I will be shocked if the government pretends that it does not know that currently about 10% of the GDP falls into a ‘black hole’ on annual basis. We have not added figures based on counterfactual analysis such as the cost to the aggregate economy of bad or misguided economic policy. For example, in today’s Thisday newspaper, a headline news reports that “Aliko Dangote, Africa’s Richest Man, Loses $7.8 Billion as Naira, Stocks Plunge” while reporting that “In dollar terms, the devaluation has knocked more than $40 billion off the value of Nigeria’s economy”. Of course, most people predicted that oil prices would soon fall but we were caught unprepared, and today, the parallel market exchange rate is N225 to the dollar. Thus, the kind of analysis in today’s Thisday is just one little example of the kind of collateral damages–‘costs’ or ‘losses’– that mismanagement foists on the system. To repeat, my article did not focus on the federal budget: the mismanagement of the consumption budget and its unprecedented debt accumulation (with low value-for-money expenditures) are entirely different matters.

3. What I found particularly disconcerting as a Nigerian from the comments I read is the fixation to validation from the World Bank. According to Mr. President, “we asked the Minister how her colleagues at the World Bank saw the accusation”. I shook my head in disbelief. It is instructive that no one asked what Nigerians thought or ‘how Nigerians saw it’ but rather what was important to government was the impression of the World Bank. If this is the mind-set of our leaders, then ordinary citizens have real cause to worry. Well, I have read several editorial comments of Nigerian media and they do not agree with the ‘impression’ of the World Bank official. I read a similar comment by a high government official stating that World Bank officials and CNN had told them that government was doing well and therefore who else could question them. But neither the World Bank nor CNN conducts comprehensive independent surveys on the economy— they comment based on the data they are given— and their subjective “opinions” cannot substitute for hard facts. The World Bank is not a statistical agency. I can provide a long list of countries that World Bank reports praised as ‘star performers’ and they slumped into deep crisis almost immediately after. Check out the World Bank and IMF reports on the US and other countries’ economies shortly before the unprecedented global financial and economic crisis in fifty years (the Great Recession of 2008/09). Actually for many countries once they start getting such ‘praises’, then perceptive officials begin to worry. Nigeria is probably the only country where its government officials quote the World Bank while ignoring data from its own statistical agency!

A serious concern is that while government relies on external validation (opinion) as ‘proof’ of its performance, it is selective in the process—accepting the positive ones and disparaging the negative ones. Our recent exchanges illustrate the point. In my first article (26th January): “Buhari Vs Jonathan: Beyond the Elections”, I argued that “the economy seems to be on auto pilot, with confusion as to who is in charge, and government largely as a constraint. There are no big ideas, and it is difficult to see where economic policy is headed to. My thesis is that the Nigerian economy, if properly managed, should have been growing at an annual rate of about 12% given the oil boom, and poverty and unemployment should have fallen dramatically over the last five years”. No one has credibly challenged the above, except what the Financial Times of London described as a “furious response by the Minister”. But, the influential Economist Magazine of London and New York Times agreed with us. According to the Economist editorial (7th February, 2015):

“… as Africa’s biggest economy stages its most important election since the restoration of civilian rule in 1999, and perhaps since the civil war four decades ago, Nigerians must pick between the incumbent, Goodluck Jonathan, who has proved an utter failure, and the opposition leader, Muhammadu Buhari….The single bright spot of his rule has been Nigeria’s economy, one of the world’s fastest-growing. Yet that is largely despite the government rather than because of it, and falling oil prices will temper the boom. The prosperity has not been broadly shared: under Mr Jonathan poverty has increased. Nigerians typically die eight years younger than their poorer neighbours in nearby Ghana”. I gave the Government an “F” grade on economic management, and the Economist described its performance as “utter failure”. The Economist also basically agreed with me that the re-basing of the economy and its observed ‘growth’ have nothing to do with government policy. Again, government has not credibly challenged the above or is the Economist’s view also ‘all political ’? Government simply waved it off. My point is that if Government has to rely on the “impressions” of external bodies, then it should be consistent and comprehensive.

4. In conclusion, let me re-state that I firmly stand by my earlier statements. These are weighty statements which I weighed carefully before issuing. I appreciate that this is an election time and so attempts would be made to trivialize, or either play politics with, or divert attention from, them. In a serious society, we should have had a good debate on these matters as they could provide some of the building blocks in trying to pick the pieces after the elections. Part of our citizen duty in a democracy is to raise such issues and demand for answers. In the meantime, I grant that our leaders are busy with campaigns but these issues won’t go away until we have a transparent resolution. Be assured that after the elections, we will be back with even more questions!


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  • Fairgame

    Indeed Soludo has admitted his calculations were ‘rough’ as his mind has been due to hard times.

  • tundemash

    Mr. Soludo, don’t bother responding to Dumbo else you make things more complex for him. Anything outside the context of yam, goats and ogogoro is a miss for him.

    • Chris1408

      Too good, you said it all

    • Fairgame

      He has responded. Too bad for you. And SirOlodo’s shame is evident to all even more now than ever before.

      • tundemash

        Obviously , you struggle to either read or comprehend what you read .

        • Fairgame

          And you that read it and started wishing he did not write the rubbish he wrote, what does that say about you? You read then lie to yourself that what you read is not what you read. Too bad for you. Your hero SirOlodo has danced naked in public and we together with the international community have seen his shame.

          • tundemash

            Jeezzzz ….. I conclude you can’t comprehend !

            “Mr. Soludo, don’t bother responding to Dumbo else you make things more complex for him. and you interprete this to mean I “started wishing he did not write the rubbish he wrote”. What a d@ft? Where do i start with you ? Very hopeless !

          • Fairgame

            What is the point in wishing something that has already happened always? If not that SirOlodo is now more of a liability to you and your fellow dunces than you initially imagined. Too bad for you, the pseudo professor has responded and his dance of shame is even more enjoyable to watch this time.

          • tundemash

            yawn ! Keep deluding yourself. If you can’t comprehend just a sentence, i don’t expect you to comprehend this article. And i will not continue to helping you makeyou money by way of your pay-per-post job.

          • Dan maikoko

            I dont think anybody would lock the mouth of this delusional rambler the way you did it Tundemash.

  • Omooba Adekunle Orafidiya

    Who “dashed” this fake Prof that title?

    • Fairgame

      SirOlodo once upon a time was intelligent but serially failing in everything he has undertaken of late has made him a pariah. The 5.7 trillion naira hole he left is being cleaned up by AMCON. He is still desperately looking for a job. But I reckon that CBN stint is the last job he will ever have. Ofcourse he is still a husband and father so those two roles should keep him very busy.

  • Nwa Aba {Biafran}

    Damage control

  • Rotimi Lawanson

    Here we go again. This fraudulent ex CBN Governor who basically bankrupted the banking sector is here postulating for all and idiots are clapping for him. Is this not the same moron that left a N5.67 trillion hole in the economy that has resulted in Sanusi Lamido Sanusi coming back to arrest several Bank MDs because of him. He has the audacity to come here and talk and it is only in Nigeria where we have people with selective amnesia that will be clapping for such a morally bankrupt person and hailing him because he is being clever by half with the truth. In other places, Soludo will be in jail!!! Ngozi Okonjo Iweala should never respond to this clown who still has an EFCC case hanging over his neck. We all know how you are doing Obasanjo’s bidding and also using every opportunity to do a hatchet man’s job. What is paining Soludo so much is that he is currently jobless on account of his moral bankruptcy and he never had the good sense even with his acclaimed Professorship to realize that Nigeria’s economy had not been rebased in 20 years and needed rebasing. So for all his high falutin talk, Soludo remains a very corrupt, deceptive, egotistic and arrogant fellow whose flawed character towers above his intellect!

  • abc

    Where are those Jonathanonians who are clamouring for debate, let’s call for debate btwn Soludu and Mrs Ngozi “of the almighty world bank” and the moderator be selected from universities and diaspora. An not an Economist, but my common sense told me that Soludo was on concrete grounds. My advice to the Prof Soludo is. Watching outside the fence will not help matters, and that he oweNigerians a service for the betterment of the countries economy. Therefore, let him as a matter of urgently meet our incoming Presiden GMB, to advice him on the right steps to be taken and possibly be made Minister of economic planning.

    • Rotimi Lawanson

      Idiots like you will always be grateful to morally bankrupt people because you can neither think for yourself not reason for yourself. In one breath Soludo says the President didn’t seek what Nigerians thought about the economy and was seeking approval from World Bank officials but in the next breath this hypocrite and fraudulent fellow was quick to reference Economist magazine and New York Times as affirmation of his thesis and fools are clapping. The apparent hypocrisy in his statement is lost on dumb people like you whom Soludo bamboozles with words. I still remember the stench he left in the banking sector with all those corrupt MDs under his watch buying private jets and estates in Florida and Dubai with depositors funds

    • Fairgame

      Thankfully OkonjoIweala is too wise not to engage a jobless reject like SirOlodo because she actually has a job to do. You can engage the pseudo professor whose shame is now evident to all. His futile attempt here at damage control is even worse than the jargon he spewed out initially. Please do advertise the time of the debate between you and SirOlodo and use your real name so I can watch.

  • Frendy

    Nigerians will continue to ask questions on this issues until the thieves concern come out and confess and make refunds. It’s there and then that we will decide on what punishment to give those traitors.

  • Fairgame

    The reject, SirOlodo’s mouth leaks again. Indeed Soludo has admitted his calculations were ‘rough’ just as his mind has been due to hard times. Having been caught with his very ‘roughened’ state of mind he now attempts to change his position. Too late pseudo prof.SirOlodo. Money never earned cannot be ‘stolen’ or ‘mismanaged’ as the president rightly pointed out. Your futile attempt here is even more embarrassing and it is certain that you will remain jobless for a much longer while now. Your jealousy infused bitterness towards OkonjoIweala because of her continued successes and uprightness will do only you and others like you in. The abject pollution of your intellect, a consequence of your continued service to your godfather in Otta, your proud egocentric ‘god’ syndrome resulting in a depravity of your soul and mind is more than a disgrace to all who taught you at the University of Nsukka. But then of course a sound upright character could never have been taught in school. It comes from upbringing which you clearly are deficient in.

  • Fairgame

    The reject, SirOlodo’s mouth leaks again. Indeed Soludo has admitted his calculations were ‘rough’ just as his mind has been due to hard times. Having been caught with his very ‘roughened’ state of mind he now attempts to change his position. Too late pseudo prof.SirOlodo. Money never earned cannot be ‘stolen’ or ‘mismanaged’ as the president rightly pointed out. Your futile attempt here is even more embarrassing and it is certain that you will remain jobless for a much longer while now. Your jealousy infused bitterness towards OkonjoIweala because of her continued successes and uprightness will do only you and others like you in. The abject pollution of your intellect, a consequence of your continued service to your godfather in Otta, your proud egocentric ‘god’ syndrome resulting in a depravity of your soul and mind is more than a disgrace to all who taught you at the University of Nsukka. But then of course a sound upright character could never have been taught in school. It comes from upbringing which you clearly are deficient in. What a fall!

  • Rotimi Lawanson

    Here we go again with this jobless man!!! This fraudulent ex CBN Governor who basically bankrupted the banking sector is here postulating for all and idiots are clapping for him. Is this not the same moron that left a N5.67 trillion hole in the economy that has resulted in Sanusi Lamido Sanusi coming back to arrest several Bank MDs because of him. He has the audacity to come here and talk and it is only in Nigeria where we have people with selective amnesia that will be clapping for such a morally bankrupt person and hailing him because he is being clever by half with the truth. In other places, Soludo will be in jail!!! Ngozi Okonjo Iweala should never respond to this clown who still has an EFCC case hanging over his neck. We all know how you are doing Obasanjo’s bidding and also using every opportunity to do a hatchet man’s job. What is paining Soludo so much is that he is currently jobless on account of his moral bankruptcy and he never had the good sense even with his acclaimed Professorship to realize that Nigeria’s economy had not been rebased in 20 years and needed rebasing. So for all his high falutin talk, Soludo remains a very corrupt, deceptive, egotistic and arrogant fellow whose flawed character towers above his intellect!

    • Contact Point

      You are a buffoon.

      • Fairgame

        You an Olodo. Twin brother to SirOlodo who in one breath does not care about the outside affirmation from the world bank of government’s efforts but can quickly cite the racist magazine, the economist, an outside source. Hypocrite is SirOlodo’s name. And that outside source, Economist, the imperialist magazine that was trying to influence the imposition of a certificateless sharia touting, violent ex dictator called Buhari on Nigeria, the man before who SirOlodo grovels for a job, will surely decline because it has shown that it, like the colonialists and their enemies within Nigeria like BokoHari, are Nigeria’s enemies. You included.

      • Rotimi Lawanson

        You are an illiterate. Your stupidity is a form of corruption and it is a waste of time engaging you. You cannot do any critical thinking for yourself.

        • Contact Point

          Have dealt with your type severally, so am not new in handling carcass like you.

        • The Nigerian quagmire

          Critical thinking? Are you doing that with your brain or your anus? You sound as shallow and clueless as your hero.

          • Fairgame

            You suffer from herd mentality. It is marked by a stark inability to think for yourself. If you were able to even think through your anus you would have been better off. But alas you are much worse off.

          • Contact Point

            No wonder, since you have been thinking through your anus, why wasting time engaging you?

          • The Nigerian quagmire

            Waste of time dealing with these e warriors of dumbo the clown. Our mind is made up. We are voting for Buhari and dumbo can’t do jack about it.

          • Fairgame

            Can’t wait to see you strapped to a hospital bed come March 28 as Nigeria marches forward with the President. You are free to escort BokoHari to his Kirikiri cell.

          • Fairgame

            And you have not been thinking at all. Zombie. Dead body better pass you.

          • Contact Point

            Do I still respond to someone reasoning through his anus? Case closed.

          • The Nigerian quagmire

            Exactly.

          • Fairgame

            Zombie. Dead body better pass you. You no get anus sef. That is why your internal waste is in your brain.

          • Rotimi Lawanson

            Please don’t respond to this person. He/She is the Contact Point for Ebola!!! dont waste your time. Can’t you see the name?

          • Contact Point

            Ask your masters, Doyin Okupe and Fani Kayode, we chased them offline so you guys are still learners. But one thing that is sure is that Nigerians are totally tired of a man who said he never knew that INEC shifted elections. Nothing could show a man that is not in charge as this and we are going to help him back to his home town, he will do better as a zoology lecturer at UniPort or his newly established FedUni, Otuoke

          • Tonnero

            What an intellectually sound argument! We should recommend you for the Nobel prize. We will create a new category for intellectually sound buffoons.

          • The Nigerian quagmire

            Well I can see that the cluelessness of dumbo is very contagious. You are used to ineptitude hence you are unable to think and function in a sane manner

          • Contact Point

            It is contagious of course and that is why even those who brought him in but never knew he is this clueless are desperately disassociating themselves from him.

          • The Nigerian quagmire

            Totally agree. Sai Buhari.

          • Fairgame

            Saikirikiri for Bokohari

          • Fairgame

            Boooo. The pain is too much for you. Somalia is waiting to receive you.

          • Contact Point

            His anus of course. I believe he is not aware of that even so needless asking him.

    • Uzoma John

      This is a new name here. Why are you using Yoruba name. Why not use your real name. Amnesty monkey of the Niger Delta. A new recruit from Obi Asika, now that Reno Omokri is now history. Crumb eaters.

      • Udom

        This topic piqued my interest because of the caption and the ensuing comments, particularly the heated exchanges btw you and Mr Lawanson.
        Mr Lawanson has been with us for a long time and obviously not a Yoruba man. He recently assumed this pseudonym to deceive the unwitting. Surprisingly he shares the same IP addresses as one Garden City boy who claims to be a lawyer. For security reasons I’ll not make his real name public but I will continues to watch him closely…
        Have a nice day!

  • Contact Point

    Facts are emerging and believe it or not, the plunderers of our economy must all be jailed if this election is not rigged to ensure they continue strangulating the nation, the citizens and the economy of the nation.

    • Rotimi Lawanson

      Olodo. You believe any nonsense people write. Facts are emerging indeed. From a man who is morally bankrupt? Come let me take you to Ibori so that he will be your adviser. Olodo buruku.

      • Contact Point

        Am not expecting anything less from you as one of the silly supporters of a clueless man who has spent 5 years in Aso Rock hallucinating, never thought that there would be time like this. So let your madness continue, i leave you in the same room where i left Ayo Fayose.

        • Rotimi Lawanson

          Contact Point for Ebola I don’t have time to respond to you. You engage in intellectual pornography and no substance.

    • Fairgame

      That is why Kirikiri prison is waiting to receive the forger of statement of result, perjurer, violent islamist who incited the murder of youth corpers and who overthrew a democratically elected government, and whose boys are blowing themselves up and murdering many in the north east, BokoHari. So you are right. The PTDF thief Buhari will rot in Kirikiri prison.

      • Contact Point

        Show your facts, and stop been petty. Propaganda can’t work this time around, not anymore because Nigerians are wiser now.

        • Fairgame

          Of course Propaganda can’t work now that is why the blood of monkeys and baboons will not soak the streets when APC is whipped in the coming elections. Nigerians are wiser now. Your APC occultically divined date of Feb14 chosen to transfer the love of Nigerians to the murderer Buhari on Valentine’s day has failed. The sorcery has been shattered. APC’s desperation to hold elections on that day to steal a win by disenfranchising millions of voters has failed and Nigeria is marching forward. Nigerians are wiser now.

          • Contact Point

            I recommend that you visit your physician, ‘cuz you may be suffering from mental imbalance. Is APC the INEC that fixed the failed Feb. 14th election? I know that even you, you are not been fair to yourself.

          • Fairgame

            APC and INEC until after Feb7 were one and the same. So no need to pretend, Jega now knows that the game is up. The pvcs he distributed to children in the war torn north east thus the so called 80% distribution rate has been uncovered and he knows that one wrong move he will go down. Sorcery and divination over Nigeria has failed and that is why you and your likes are almost burning up with frustration.

  • burning spear

    Only Jehovah God knows how this Olodo—Soludo—-became governor of CBN————–ITS REALLY SAD THAT SUCH AN EMPTY BRAIN WAS ONCE THE GOVERNOR OF CBN—–in Nigeria——————How can a man who claims to be an economist———apart from being a university don———suddenly –expose himself–by turning out to be one of the biggest fakes-a–complete fraud—–empty to a fault——since—the establishment of CBN—in Nigeria—-99.9 percent of his assertions are based————on gossips glimpsed from the mouth of traders ati beggars at Onitsha bridge head———-Every piece of information that he tried to sell to us———-via the home of APC———–WERE AT BEST PICKED——–from THE SKULL OF roadside mechanics——————-As far as Soludo is concerned about 1.5m barrels of crude oil have been stolen from the niger delta–since Jonathan became President–Oil wasSo when all that is put together–including thievery from the Customs Department-among other agencies–it means government must have stolen about 30 trillion————–madness of the highest order———seems the guy is brain dead–Same old APC hyperbole——————-of old——-it seems-

  • ECONOMICS is not LUDO

    Soludo should know that Economics is not Ludo. …accuse Prof Jonathan from now till thy kingdom come, Bros Jona will preside till 2020….apc makes too much noise, he will extend his stay by one more year. Period.

    Which economic theory has been able to explain why there is no airport in Oloibiri after 5 decades of oil exploration? There is no ‘beachable’ coastline anywhere in the Niger Delta from Koko village to Bakassi. Why? Is this Malthusian theory or Keynesian? Is Soludo just realizing that monies disappear in Nigeria? IBB, Abacha, Abdulsalami, OBJ all took corruption to the skies – Do their salaries explain their wealth & investments? Focusing on Bros Jona is mere mumuism. No be Babalakin court don set free so? …another court don give order for EFCC to release Fani’s passport…So, what are we talking about? 12.7m Dollars grow wings when IBB was there. Soludo had grown past adolescent age then, so he can’t feign ignorance…Why shud he then open his mouth now?

    If we do not make culpability and punishment for corruption retroactive, we will NEVER be able to stop corruption in our continent Nigeria. Hard fact! Yes! But TRUE!

  • The people

    The clown President of Nigeria.

    • Fairgame

      The great President of Nigeria!

    • Rotimi Lawanson

      What have you accomplished? SirOlodo just bamboozled you with useless talk and you are smitten. Olodo number two.

  • Fairgame

    SirOlodo desperately trying to do damage control. How this man ever became CBN governor still baffles many.

    • Unfairgame

      How Jonathan ever became president of Nigeria still baffles many.

      • Rotimi Lawanson

        We’re you asleep when he was voted in as President or you were smoking Igbo like Tinubu when the elections happened? See me see Wahala!

        • Moe

          He was not “voted in”.

          If Yaradua had not tapped him for Vice President, you think GEJ and his grammar destroyer of a wife will ever come near Aso Rock?

          • Rotimi Lawanson

            So the elections of 2011 didn’t happen? So I guess Buhari contested against himself and lost against himself! My guy, u go school at all?

          • Moe

            The elections in 2011 is irrelevant to my point.
            Yes he was voted in as President in 2011, that is besides what I am saying.
            To understand my point, ask yourself, How did GEJ get to run for Presidency in 2011?

            Yar’adua died in office and GEJ inherited the position as President of Nigeria.

            By the time 2011 election came, GEJ was the incumbent president.
            and believe it or not Incumbents rarely lever oose elections. Why?

            Because they have the full resources of the country at their disposal.

            The coming march election is shaping up to be an exception to the ‘incumbency rule’!

            Jonathan could never ever have ever become president of Nigeria if his boss did not die in office.

            Hence my declaration that he was not voted into office. He became president because “somebody died and made him king!”

            Go back to Yar’adua’s campaign and try to imagine GEJ as a contender! He will probably be laughed off stage!

            I can not stress enough the importance of understanding a subject before engaging yourself in the debate.

          • Fairgame

            Looks like you just woke up from a very deep sleep. He won 2011 elections, a free and fair election as adjudged by international election observers. But let me guess, as a APC supporter you will probably say the election was rigged in 2011 because APC lost. And as APC will also lose woefully in 2015.

      • Fairgame

        Somalia is looking for new citizens. I hope you have applied.

  • Rotimi Lawanson

    Soludo if
    Tif this is just an ordinary exercise how come it did not occur to your brilliant Professor to suggest or supervise the rebasing of Nigeria’s economy so that we will know the current state of affairs? He was Chief Economic Adviser and did absolutely nothing. He went to CBN and supervised the wholesale looting of depositors funds by Bank MDs. Yet this morally bankrupt man has the temerity to come here and postulate for people and because some fools have amnesia they are clapping for him. Very soon Bankole will come and tell us how to use money from National Assembly and people like you will rejoice

  • Rommel

    Of course president Jonathan misunderstood the point,he displayed crass ignorance in his response thinking that he was being crafty by reducing the discuss to trivialities so that he can be comfortable.

    • Rotimi Lawanson

      Rommel you are intellectually shallow. Exactly what has Soludo pointed out here? Absolutely nothing! He made a wild claim in his desperation to hide his tracks because the facts on the ground say that he left a N5.67 trillion hole when he was at CBN. He allowed bank MDs to use depositors funds to buy private jets and estates in Florida and Dubai. He even got arrested for the Polymer Banking scandal. Along the way, this man tried several times to be Governor of his state and his people rejected him. Here you are supporting an empty moral barrel postulating for you. The President may not be a genius but he is intelligent enough to know Soludo is talking absolute trash. When Soludo was in government was money not disappearing? Did he write any thesis to Obasanjo? When he was in CBN did militants not continue stealing our oil? Did he write Obasanjo to tell him that he is responsible for all the oil being stolen by the militants? Because idiots like you with no brains will always be bamboozled you think people like us can be taken by useless meaningless words from this moral degenerate.

      • Rommel

        I will not join issues with you until it is sufficiently proven that like Fani Kayode and Ayo Fayose,you are of sound mind.

        • Rotimi Lawanson

          You cannot join issues because you are intellectually empty. You argue without direction, criticize without substance and vituperate without meaning. Who has time for you? Empty barrel.

          • George Ager.A

            And you are intellectually FULL? Go back up, read all your comments and then read Soludo’s article again and see if you have remotely analysed anything he said apart from accusing him of everything ill the peanut in your skull can think of. ***** I won’t be responding to any of your comments****

          • Rotimi Lawanson

            George, was there anything I said that is incorrect? Was he not arrested for a Polymer scam by EFCC? Did he not leave a hole of N5.67 trillion which was looted by bank MDs? We are witnesses to all the trials and convictions going on amounting to hundreds of billions all under Soludo’s watch. Is that a man I should listen to? How come it is now that he suddenly realizes money is escaping through a black hole? When he was in government did we not have major cases of lost revenues from militants who were fighting the Niger Delta cause? Did he calculate the number of barrels of oil missing and accuse Obasanjo of being responsible? It is intellectually shallow people like you that are bamboozled with his words. I can never be deceived because I know where this man is coming from, I know what his aim is and I know that by the Grace of Almighty God he will get nowhere. Have you noticed that apart from the job Ngozi Okonjo Iweala got him in government, he has been unable to secure any job anywhere? He failed to be VP candidate to Yaradua, failed to get his tenure extended at CBN, failed twice to become Anambra Governor and he is a failure internationally because Oyibo people know his record. He is a fraud and a. Thief and he doesn’t merit a sentence. Abroad he will be cooling his heels in jail after the mess he left behind.

          • Tonnero

            I feel sorry for you. Like GEJ, you miss the point completely and, like GEJ, you are blissfully unaware that you missed the point!

        • Fairgame

          Look who is talking. A violent follower of a violent man BokoHari. Your choice of picture says it all. Violent man of unsound mind.

      • Tonnero

        You call others intellectually shallow but you are the one attacking the person rather than the views he has put on the table!

    • burning spear

      The president got it right better than the so called—mumu—–Prof of toilet rolls–ow can u just assume that–so and so amount was stolen———–within the last 4 yrs———–with nothing to back up yr APC contrived-janjaweed ideas

      • PureNigerian

        Check out this proof. before GEJ, oil subsidy was less than 270 billion Naira.
        The new NNPC audit report showed that GEJ spent 5.7 Trillion Naira in 2011 alone for subsidy.
        Can you please explain this?

  • Fairgame

    The reject, SirOlodo’s mouth leaks again. Indeed Soludo has admitted his calculations were ‘rough’ just as his mind has been due to hard times. Having been caught with his very ‘roughened’ state of mind he now attempts to change his position. Too late pseudo prof.SirOlodo. Money never earned cannot be ‘stolen’ or ‘mismanaged’ as the president rightly pointed out. Your futile attempt here is even more embarrassing and it is certain that you will remain jobless for a much longer while now. Your jealousy infused bitterness towards OkonjoIweala because of her continued successes and uprightness will do only you and others like you in. The abject pollution of your intellect, a consequence of your continued service to your godfather in Otta, your proud egocentric ‘god’ syndrome resulting in a depravity of your soul and mind is more than a disgrace to all who taught you at the University of Nsukka. But then of course a sound upright character could never have been taught in school. It comes from upbringing which you clearly are deficient in. What a fall!

  • Fairgame

    The reject, SirOlodo’s mouth leaks again. Indeed Soludo has admitted his calculations were ‘rough’ just as his mind has been due to hard times. Having been caught with his very ‘roughened’ state of mind he now attempts to change his position. Too late pseudo prof.SirOlodo. Money never earned cannot be ‘stolen’ or ‘mismanaged’ as the president rightly pointed out. Your futile attempt here is even more embarrassing and it is certain that you will remain jobless for a much longer while now. Your jealousy infused bitterness towards OkonjoIweala because of her continued successes and uprightness will do only you and others like you in. The abject pollution of your intellect, a consequence of your continued service to your godfather in Otta, your proud egocentric ‘god’ syndrome resulting in a depravity of your soul and mind is more than a disgrace to all who taught you at the University of Nsukka. But then of course a sound upright character could never have been taught in school. It comes from upbringing which you clearly are deficient in. What a hard fall!

    • IskaCountryman

      how can a professor of economics base his argument on rough estimates?.yeye de smell…

      • Tonnero

        And what do you think professors base their estimates on? Precise estimates?

  • Contact Point

    We have two (2) attack monkeys here in the person of Rotimi Lawanson and Fairgame. Surely they have been invested with the clueless virus that is disturbing their principal. So they should be ignored because taking-on on them is a waste of time.

    • Fairgame

      Contact point of Ebola you still dey here? Thank God President Jonatahn defeated Ebola o. So Abeg carry your contact to Somalia, you APC eRat

    • Rotimi Lawanson

      You are the Contact Point for Ebola! That is your name. No one made me any attack dog. I will always defend what is right and reject hypocrisy of any kind. Have you ever asked yourself why Soludo waited for four years to start talking? If he was so concerned about Nigeria’s economy as he claims, how come it was only two weeks to the last election date that it suddenly dawned on him that he should start speaking? By the way do you know that he did the exact same thing just before the 2011 elections. He sided with Atiku when he thought Atiku will defeat President Jonathan in the primaries. Then he was deluded into believing that Atiku will make him his Vice President so he went on an attacking rampage. He abused President Jonathan and called him all kinds of names. He said the economy was a failure etc. When Atiku lost, Soludo suddenly forgot about Nigeria’s economy only to resurface once again before another election. Yet naive and intellectually shallow people are here clapping not realizing that this man is only using and manipulating you for his gain.

      • Tonnero

        My friend, get off your high horse. You mean you will always attack anyone who says anything against your beloved Jonathan. That makes you an attack dog.QED. The pity is that you do not even get a dime for that difficult task while folks like Okupe are smiling to the bank. But again, who knows? Maybe you are well rewarded. After all, this is the era of using government money to pay all kinds of scoundrels and never-do-wells as long as they sing praises of the emperor or tear whoever says anything negative about him to shreds.

      • Guguru

        Rotimi, we don’t care if you choose to jump into a lake.

  • edith

    nn….Good evening people, I wish to share to all this certain investment company located in Kano Nigeria, a company i have been benefiting from called INVEST AND ENLARGE (WEALTHZONE) where u invest and get a monthly interest according to the amount u invest, I read about it sometime last year at Nairaland and i contacted them and invested, i just got my 4th payment and i can assure anyone its real. I live in Abuja but all i did was sent email across and that was how i became an investor with them and now i’m enjoying my interest monthly, u also get a referral bonus interest the more people u refer which is why i decided to share this with u people, if u are interested TEXT ur EMAIL address to their customer care line 08021341784 and they would get back to u with details. Please do tell them Mrs Halima Azeez referred u, remain blessed.

  • burning spear

    One must also ask: where were all these brilliant ideas when the former CBN
    governor was in office? How come the fantastic economic team he worked with
    did not adopt such measures wholesale? Why are the ideas just been muted
    with vehemence now? There are many questions because when he had the
    benefit of office one his best ideas was to re-denominate the naira? For
    those who might have forgotten, Soludo’s concept of helping the Nigerian
    economy was to knock off a couple zeroes off the naira and print new notes.
    Of course, like the lazy student who spy on his colleagues’ class work, the
    idea was not original to Soludo at that time as it emerged he wanted to
    copy a decision already take by Ghana and a couple other countries.
    Fortunately for Nigeria, that misadventure was not allowed to happen and
    economic watchers can tell anyone who cares to listen that whatever gains
    Ghana got from re-denominating are fast fading away and our country could
    have fared worse.

    Of course we already lost a lot to such college assignment kind of policies
    because revelations around the polymer notes introduced under Soludo showed
    that the only person who would have benefitted from the ruse was himself
    alone a la the bribery scandal around the printing of the lower
    denomination polymer notes. If Soludo seeks to distance himself from this
    and blame the folks at the Nigeria Security Printing and Minting Company, a
    subsidiary of the CBN, then he is himself guilty of what he accused
    President Jonathan of when he said the presidency has been outsourced.

    A similar trend is in place in terms of wastage of resources because today,
    it has been discovered that Nigeria has to discard the polymer notes that
    Soludo touted as magic. The notes are simply not suitable for the weather
    in Nigeria as they degrade too quickly and do not in any way offer the
    advantages that were sold to Nigerians. What other poor quality advice has
    this man unleashed on Nigerians when he held sway? But this should be a
    topic for another day as the failed governorship candidate himself would
    say.Philip

    • IskaCountryman

      no mind de man…

  • We did advice the President to restrict his limited mental capabilities to his animal science/zoology field with a view to leaving cerebral economic issues to only high bred experts. The President has by his unintelligent diatribe ridiculed his office based on the recent response of Professor Soludo. Dr (Mrs) Okonjo Iweala is much smarter by hiding in her hole, to avoid intellectual disgrace, had she accepted Professor Soludo’s challenge.

    • Rotimi Lawanson

      Another eternal arm chair critic.. I know so many arm chair critics like yourself who became billionaires in their head and in their proposals but never in reality. Keep writing. Okonjo Iweala will keep doing because she doesn’t know you exist.

  • Screw-em

    My street suggestion to Saludo is this: Before you engage the likes of prosthetic brain Dumbo GEJ and his “super” Anthropologist pretending to be an MIT trained “economist” with a false appendage of a supervising “minister” aka Iweala. Buy both of them “Economics for Dummies”. the book will help educate them of some simple principles of economics because it is obvious they both still have a whole load of leaning to uplift them to where you currently stand as a professor. Some have fake degrees in Zoology aka Animal farm and cant string words in pidgin English, and others tie head scarf too tight, it has squeezed all or any sense of life out of them. I pity both of them and the 3000 thieves holding on to their loose and tattered aprons. The day of reckoning is approaching fast and their e-pigs will throw them overboard when the ship of state hits a huge iceberg come March 28th 2015…..je suis Bohari!!!!……lol

    • Rotimi Lawanson

      You are truly screwed in the head. Your name hasn’t chaneged and neither has your intellect. As you write your nonsense, neither Okonjo Iweala who is probably asleep nor President Jonathan knows you exist. You will sit in your meaningless cubicle and keep being an arm chair critic for the next four years.

      • Screw-em

        I would love to engage you but for the sad fact that your ideal definition of a “white” man is an Asian Indian…( Lord help us all)…, leaves me with a deflated motivation. So i will dismiss you with a wave of my left hand. The “debonair Kleptomaniacs” you cherish so much in the name of Dumbo GEJ and Madam “head scarf” Iweala don’t impress me on heck of a bit but for brown nosers and so called “intellectual midgets” like you searching for internet relevance/notoriety….so SAD!!!!

      • Law

        Mr Rotimi Lawanson, why don’t you rather educate us on which part of Soludo’s submission is not correct from your vast knowledge of economics instead of attacking him based on what he felt about this whole economic manipulation.

        • Tonnero

          The guy is empty. All he can do is abuse people. The pity of it all is that he actually thinks he is smart. You cannot see me but I am shaking my head.

  • Rotimi Lawanson

    Here we go again.
    Here we go again. This fraudulent ex CBN Governor who basically bankrupted the banking sector is here postulating for all and idiots are clapping for him. Is this not the same moron that left a N5.67 trillion hole in the economy that has resulted in Sanusi Lamido Sanusi coming back to arrest several Bank MDs because of him. He has the audacity to come here and talk and it is only in Nigeria where we have people with selective amnesia that will be clapping for such a morally bankrupt person and hailing him because he is being clever by half with the truth. In other places, Soludo will be in jail!!! Ngozi Okonjo Iweala should never respond to this clown who still has an EFCC case hanging over his neck. We all know how you are doing Obasanjo’s bidding and also using every opportunity to do a hatchet man’s job. What is paining Soludo so much is that he is currently jobless on account of his moral bankruptcy and he never had the good sense even with his acclaimed Professorship to realize that Nigeria’s economy had not been rebased in 20 years and needed rebasing. So for all his high falutin talk, Soludo remains a very corrupt, deceptive, egotistic and arrogant fellow whose flawed character towers above his intellect!

    • Tonnero

      Having heaped all the abuses you can muster like any good PDP person, spend a minute to tell us what part of his submission you disagree with and why?

      • Rotimi Lawanson

        His submission is intellectually dishonest and purely political. He calculated the missing oil barrels of roughly 400,000 or thereabouts and then heaped it on Ngozi Okonjo Iweala and said this money was missing under her watch. Please tell me how she is responsible for oil barrels being missing? Read his original submission. If we go by his very dishonest submission then we can also say that while Obasanjo was there and the Militants reduced our daily oil output at a point to almost 800,000 barrels a day at some point, that he is responsible for the missing oil barrels. So if we multiply a price of $50/barrel by roughly 400,000 barrels a day that were said to be also stolen during Obasanjo’s time then we arrive at $7.3 billion a year and multiply that by 8 years since Obasanjo was his own Minister of Petroleum. So we can say $58 billion was stolen while Obasanjo was Minister of Petroleum or he is responsible for that $58 billion alone being stolen. If we add other areas or black holes then we will approach the same nonsensical figure Soludo concocted. Now tell me something, was Soludo asleep when he was serving Obasanjo? Is it just today that he woke up to realize there are leakages? When he was CBN did he write an epistle to Obasanjo about any missing Oil? answer is NO!!! Do you see why I say this man is intellectually dishonest? How can you wake up two weeks before the last election date and claim that you feel the pain of Nigerians and you are compelled to speak up? Really? So for four years while he was gallivanting, he didn’t remember the pain of Nigerians. It is only when it was close to an election that he suddenly remembered. By the way do you realize he did the same thing exactly four years ago? Go and do your research. At that time he sided with Atiku because he thought that Atiku will defeat President Jonathan during the primaries and he erroneously thought Atiku will make him his VP. Then he heaped abuses on President Jonathan and called him a failure and said the economy was in shambles. As soon as Atiku lost, Soludo suddenly forgot about our economy only to remember it again two weeks to the last election date. He waited and calculated his chances with APC a and then started talking. That is a VERY DISHONEST and DUBIOUS CHARACTER!!! This is the same man that is currently facing an EFCC case for the Polymer banking scandal. Infact he was arrested by EFCC. This is the same man under whose watch, Bank MDs took depositors funds to buy private jets and estates in Dubai and Florida. This is a man under whose watch he left N5.67 trillion in stolen depositors funds. If he were in America would he be free or in jail? It took Sanusi to come and clean up the mess he left. We are still dealing with so many cases of stolen funds under his watch uptill now. A thief with the title Professor is still a thief!!

    • IskaCountryman

      rough calculation…

  • Philip Gokir Musa

    well Mr. Soludo, we hear you loud and clear. Since your last rantings, the Nigerian army has pounced on boko haram, buhari’s certificate is still to be found, APC has run out of money and currently sinking, Yorubas have been split into 2, buhari is in London for treatment/distribution of PVC cards to chatham house and maybe the Economist as well, and PDP is on the verge of another 4 years in Aso Rock. So your “smartness” is greatly appreciated!

  • Arrest warrant

    Soludo was right, our finance minister didn’t give a convincing answers to hos questions up till now,GEJ was drunk and confused during his media charts recently his answer are not better than silence..Theirs is nothing more to argure about..CORRUPTION IS NOT STEALING..THIS government is a total failure..look at what’s happening in PDP campaign team ..OPENLY DISPLAYING AND FIGHTING ON CAMPAIGN MONEY…CRIMINALS..

    • Rotimi Lawanson

      Cast your vote and let’s see who wins. When GEJ wins, please move to Liberia or Sierra Leone since you cannot stand GEJ.

      • Tonnero

        Keep going round replying everyone. And when GEJ loses? Your man is an utter failure. No amount of spin or insults can change that.

      • segun

        And where will you go when Goodluck Jonathan loses? Siberia? or you will help Jonathan carry some of his bags back to Otuoke?

  • …For me, President Jonathan is a gentleman and a friend but I have a fundamental disagreement on his management of the economy. On the issues at stake, I believe that the pressures of office and the hectic electioneering campaigns have not allowed him time to read my articles or that his staff have not explained the contents to him hence he totally missed the point in his comments…”. Soludo

    Even if the president reads Soludo’s article twenty time and twenty Aides further explain to Jonathan the content of the article, Jonathan will not change his position like old Boxer in ANIMAL FARM who was unable to learn the alphabet beyond D. Jonathan sees every criticism of his government as “politically motivated” to discredit his dynamic government and do he learns nothing. Leaders of Jonathan’s type are rare. You have them once in a century. Jonathan will be glad if this heavy yoke of governing Nigeria is lifted off him on March 28

    • Rotimi Lawanson

      President Jonathan doesn’t need to answer this crook. He knows he is playing politics with words. He knows his antecedents so don’t bother

      • Guguru

        President Jonathan only needs to give up his criminal friends. Do you have a reason why he hangs out with drug kingpins, thugs, sponsors of terror, etc?

      • Advocate

        jonahan does not have the brain to reply a primary school student talkless of a graduate

  • Genf Rolex

    Jona is sharing our money recklessly…
    Anyway, jonaHaramdays are numbered.
    Almost 2-months, and is all over.

    #march4Buhari…
    March for a New Democracy!

  • TAWANDA INCOMMUNICADO

    Soludo is quickly abdicating the realm of sanity,someone should speedily get him a job before he starts biting people on the street .

    • Guguru

      Tawanda,

      Your imagination is now crossing a line. Do you realize that your pay master, Reno Omokri, has been demoted from his job as the Chief disinformer to the Presidency? I noticed more humility from you since Reno was demoted for his acts of thuggery in Warri. LOL.

      • TAWANDA INCOMMUNICADO

        OFF POINT !!

        • Guguru

          How? LOL.

  • KG

    We know our economy is in tatters and the ruling class including the president and fellow ministers are so unwilling to have a proper debate on the economy, instead they hide their heads in the sand like an ostrich hoping we’ll all get tired of asking questions. For an economy that’s so dependent on imports I wonder what the next couple of months would be like. God save us from these incompetent and clueless lots.

  • wally

    It is a great shame that nobody is asking any question within the leadership about the analysis of our economy by Soludo. President Jonathan instead of using someone knowledgeable about economics to respond to Soludo was just fumbling on the subject he has no clue about. Soludo is coming out with facts and figures yet Ngozi is muted. This is a serious challenge on her jurisdiction.

    • Rotimi Lawanson

      Please read my submission above and get educated. Don’t be bamboozled by financial theatrics. Some of us here are so naive and quick to forget that we allow intellectually dishonest people bamboozle us. The Bible says by their fruits you shall know them! What are Soludo’s fruits? While as CBN Governor he left a big mess of N5.67 trillion in stolen depositors funds. Government had to come in and create AMCON a just to deal with that mess. He was arrested for the Polymer Banking scandal. Tomorrow Ibori will come and advise us on the economy and people will clap. What is the difference between this fraudulent man and Ibori? Because he has affixed to his name the title Professor so you are hailing him. What makes him different in any way?

      • Guguru

        Rotimi or Timiro,

        I read your submission and I feel like….like…as if 2 minutes of my existence have been wasted. Can you give me back two minutes of my life? Why did you make us read that nonsense filled with nothing tangible or compelling? You reduced my brain cells and then you took away two minutes of my life. This is unfair. LOL.

        • Rotimi Lawanson

          You are intellectually vacuous. You make no sensible contribution only to write useless sentences here. What intelligent contribution have you made here other than mock people’s submissions? What have you said here that stands out as a submission by someone intelligent? Absolutely nothing! Olodo!

          • Guguru

            Rotimi,

            I became intellectually vacuous or whatever you call it, only after reading your submission.You are a terrible influence on any with brains. You write things that cause brain cells to die prematurely. What manner of creature are you?

          • Rotimi Lawanson

            Once again no submission. No point with any supporting facts just noise from an empty brain. Please challenge what I have written above with a superior argument and facts and not your useless drivel. You are very shallow intellectually that is why you just generalize here.

          • Guguru

            Shut up. Paid internet clown

          • Rotimi Lawanson

            Olodo Buruku! Arm chair critic with nonsubstance

          • Guguru

            Rotimi,

            Any reason why you are struggling to rationalize the data I have been providing so far for your training and molding? Oloshi.

        • Advocate

          nice response to pests

          • Guguru

            My dear brother, thank you. I deliberately wrote in a crazy manner to chase away the pest.

      • lemzy

        Just the same way the Prof in front Aribisala caused him to be hailed yesterday. While I get your point, what we as Nigerians want is the government coming out with their own intellectual response and let the public really know what’s up. I still find those figures mind boggling and while I am not heaping the blame on Jonathan because this scourge has predated him and we Nigerians individually and collectively have spurred or encouraged this descent into economic oblivion and gross mismanagement of our common wealth by choosing to associate with this politicians for personal gains or simply keeping quiet even when the truth stared us in the face. We are retrogressive because we do not task our government and ask questions when necessary. We are the government but we have been too impoverished to know we own the politicians not the other way round. Bottom line….let them account for all our income and debunk this soludo allegations. That’s all

      • blueeyedkitten

        why dont you take up the debate challenge soludo posed? it’d be interesting. dont you think so?

  • Rotimi Lawanson

    His submission is intellectually dishonest and purely political. He calculated the missing oil barrels of roughly 400,000 or thereabouts and then heaped it on Ngozi Okonjo Iweala and said this money was missing under her watch. Please tell me how she is responsible for oil barrels being missing? Read his original submission. If we go by his very dishonest submission then we can also say that while Obasanjo was there and the Militants reduced our daily oil output at a point to almost 800,000 barrels a day at some point, that he is responsible for the missing oil barrels. So if we multiply a price of $50/barrel by roughly 400,000 barrels a day that were said to be also stolen during Obasanjo’s time then we arrive at $7.3 billion a year and multiply that by 8 years since Obasanjo was his own Minister of Petroleum. So we can say $58 billion was stolen while Obasanjo was Minister of Petroleum or he is responsible for that $58 billion alone being stolen. If we add other areas or black holes then we will approach the same nonsensical figure Soludo concocted. Now tell me something, was Soludo asleep when he was serving Obasanjo? Is it just today that he woke up to realize there are leakages? When he was CBN did he write an epistle to Obasanjo about any missing Oil? answer is NO!!! Do you see why I say this man is intellectually dishonest? How can you wake up two weeks before the last election date and claim that you feel the pain of Nigerians and you are compelled to speak up? Really? So for four years while he was gallivanting, he didn’t remember the pain of Nigerians. It is only when it was close to an election that he suddenly remembered. By the way do you realize he did the same thing exactly four years ago? Go and do your research. At that time he sided with Atiku because he thought that Atiku will defeat President Jonathan during the primaries and he erroneously thought Atiku will make him his VP. Then he heaped abuses on President Jonathan and called him a failure and said the economy was in shambles. As soon as Atiku lost, Soludo suddenly forgot about our economy only to remember it again two weeks to the last election date. He waited and calculated his chances with APC a and then started talking. That is a VERY DISHONEST and DUBIOUS CHARACTER!!! This is the same man that is currently facing an EFCC case for the Polymer banking scandal. Infact he was arrested by EFCC. This is the same man under whose watch, Bank MDs took depositors funds to buy private jets and estates in Dubai and Florida. This is a man under whose watch he left N5.67 trillion in stolen depositors funds. If he were in America would he be free or in jail? It took Sanusi to come and clean up the mess he left. We are still dealing with so many cases of stolen funds under his watch uptill now. A thief with the title Profes

    • Gugurus Ekpa

      Rotimi or Timiro,

      You still have not pointed out very specifically if any figures provided by Dr. Soludo is false or not. Your rants are a great waste of our time. So, do us the honor of actually pointing to what Soludo said that is false or untrue. This way, you may be taken seriously.

      • Rotimi Lawanson

        @Gugurus, i just showed you clearly that Soludo is being intellectually dishonest. If you cannot see that then you cannot be helped. Come let me sell you some snow in Sokoto. You must be one of those that is easily deceived. The Bible says by their fruits you shall know them. Is it Soludo that I should be listening to. Please google and find out about all the scandals under his watch. If Abacha were alive today he too will come and tell us how to govern. Nonsense

        • Guguru

          You are still ranting like a crazy person. Stop foaming at the mouth like a mad horse. Tell us exactly what Soludo said that was untrue or false.

          • Rotimi Lawanson

            Olodo! No facts just noise

          • Paului

            @Rotimi , “facts are stubborn” and you have clearly exhibited these facts. I am sad that professor Soludo is going about the wrong way in providing his flawed points. @Guguru have also made up his mind.

          • Guguru

            Rotimi,

            Please, stop foaming at the mouth. LOL.

      • Wizard

        And to cap it all, Ngozi Okonjo Iweala is the Minister of Finance and the Co-ordinating Minister of the Economy. She therefore has a say in virtually all the sectors of the economy

        • Gugurus Ekpa

          Wizard,

          Well said.

  • Guguru

    Dr. Soludo was kind to Jonathan in the information he revealed. The real data on how bad things really are would stun most Nigerians if they understood or appreciated the data that is out there blinking red.

    • Rotimi Lawanson

      Please disclose to us since you have information we don’t have. Don’t make generalizations or intellectually dishonest submission like Soludo. Mark you I am not saying nothing is missing. The leakages have been there for the past two to three decades. Soludo was in government and said absolutely nothing. Infact he is himself accused of stealing massive finds with the Bank MDs. So on what moral basis is this criminal in Professorial skin to come and evangelize about corruption? Any armed robber can come and talk just because he is an educated one? Tomorrow Tafa Balogun will come and teach us how to use Police Funds and some naive Nigerians will start clapping and hailing him

      • Guguru

        Nigeria moved from 35th most corrupt nation in 2010 to 15th most corrupt nation in 2014. Jonathan was President from 2010 to 2014. This is in line with Dr. Soludo’s thesis of corruption which is responsible for the misappropriation of funds in Nigeria.

        • Rotimi Lawanson

          You are a liar. Nigeria’s position in the Transparency International Ramkings which is the only source of ranking on corruption has improved under Jonathan. So if that is what you are quoting then you are a liar.

          • Guguru

            “Nigeria remained rooted to the bottom of the global corruption ranking Wednesday as global corruption watchdog, Transparency International, rated it the 35th most corrupt country in the world.”

            Premium Times, December 2012, “Nigeria is 35th most corrupt in the world, says Transparency International 2012 report.”

            “Despite President Goodluck Jonathan’s pledge that his administration would end the scourge of corruption ravaging the country, Nigeria only performed marginally better than its 2013 rating in the latest Transparency International’s Corruption Perceptions Index, CPI, released on Wednesday. That means the six countries, Nigeria inclusive, are the 15th most corrupt in the world. Nigeria was 14th most corrupt in 2013.”

            Premium Times, December 2014, “Nigeria is world’s 15th most corrupt nation – Transparency International”

          • Rotimi Lawanson

            You see how intellectually dishonest you are? You are an intellectual fraud. Go back and read the Transparency International rankings before Jonathan. Nigeria was the second most corrupt country in the world during Obasanjo’s time. So no matter how you try to spin it, the facts are there. Do you want me to embarrass you further by highlighting the Transparency International report to show how intellectually empty you are?

            Nigeria recorded significant improvement in the Transparency International’s ‘Corruption Perception Index 2014’ as the country was ranked 136th out of 175 countries/territories surveyed.

            Nigeria was ranked 144 in the index in 2013. The 2014 performance showed that the country improved by nine places.

            However, the report released by the Germany-based non-governmental organisation on Wednesday showed that the country is the 39th most corrupt nation among the 175 countries on the index.

            The country was scored 27 out of 100, higher than the 25 it was in 2013.

          • Guguru

            Rotimi or Mitiro,

            You said, “Nigeria was the second most corrupt country in the world.” You said it and not me. LOL.

          • Rotimi Lawanson

            Olodo! That was during OBJ’s time!

          • Guguru

            Oh, now it is during OBJ’s time? LOL. Tell me, do you dance with angels at 7 am every morning? LOL.

          • Rotimi Lawanson

            Mumu

          • Guguru

            Rotimi,

            So, now you are a cow? You said “mu mu”. That is the sound made by cows, isn’t it? How does the green grass you ate in the field as a cow taste? Do you produce milk as a cow? LOL.

          • Babat

            You are a very pathetic LIAR

          • Wizard

            No, i think not only pathetic but a pathological one

  • lemzy

    While the concept of access to affordable quality health care might still sound like Galilean theory to most the story in Kwara state is not the same. People have tasted first hand what it means to have health coverage that guarantees you a healthy outcome.
    Yes , this innovation was championed by a foreign NGO who firmly believes that all are born equal and should have access to the basic things of life one being quality healthcare and they have been doing this s for the past 10 years in Nigeria with a 7 years program that just wound down in Lagos state where market women were insured for less than 2000 naira and had interventions as high as caesarian section covered and all this through donor funding by a group of foreigners. It is time to reward them and proclaim their good work by throwing our weight behind this laudable project by voting for them in an ongoing survey. They are competing against four other finalist and Bangladesh stands at first place with 51.59 % while Nigeria trail with a meager 32.15%. To ensure that this program gets more funding to extend its reach to other states in the federation kindly click on the link below and vote for Nigeria. Send to your friends and family both home and abroad. Let this s group of foreigners feel the Nigerian love and appreciation they deserve. Thank you.
    http://effectivecooperation.or

  • Guguru

    When Jonathan came to office in 2010, the World Economic Forum determined the following as issues for Nigeria.

    1. Access to Finance
    2. Inadequate infrastructure
    3. Corruption

    By 2014, the World Economic Forum pointed to the following as issues in Nigeria,

    1. Inadequate infrastructure
    2. Corruption
    3. Access to finance.

    Corruption that was once number 3, is now number 2 in Nigeria. Many thanks to Jonathan for elevating the status and role of corruption in 5 years.

    • Rotimi Lawanson

      You are a liar. Corruption had always been a major issue in Nigeria for the past three decades. It didn’t start under this administration. We’re we not there when during Babangida’s time they talked about the missing Gulf Windfall, then under Abacha $5billion was stolen and then under Obasanjo, $18 billion disappeared under Power reform. So how is that you suddenly have amnesia? Did Jonathan appoint Ibori? Did he appoint Tafa Balogun? Did he appoint Bankole? Did he appoint Atiku? Did he appoint Tinubu who has cleaned Lagos out? Did he appoint Odili? Did he appoint Amaechi who has bankrupted Rivers after receiving N1 trillion? Did he appoint Murtala Nyako whose son was just arrested for having N15 billion in his account ? (he is an APC Governor by the way). Did he appoint Bukola Saraki? Did he appoint Charles Soludo who was arrested by EFCC for the Polymer Banking scam? So should someone who is facing corruption charges be lecturing us on corruption?

      • Guguru

        Why are you barking like a dog? Calling me a liar will not change the data. You deserve a very nice dog pound. LOL.

        • Rotimi Lawanson

          Please research data and stop thumping your chest when you only copy and paste data with no analysis. If you bothered to go to Transparency International’s website instead of just reading what Premium Times wrote, you would have seen that Nigeria improved by nine spots under President Jonathan. So this is why I say that people like you attended school but school didn’t go through you

          • Guguru

            LOL. I just gave you researched data and you are getting dizzy and confused. Do you need me to hand you a walking stick just in case you are getting too expired to keep up?

          • ODOFIN, Lagos

            Guguru quoted his source now. why are u angry over facts? facts do not lie now

          • True

            The reply was meant for Lawanson who preferred international website assessment to reality. He needs deliverance from colonial mentality

        • True

          Another international website for validation. You need deliverance from colonial mentality.

  • Advocate

    i knew it. professor soludo will pity jonathan and give him a tiny bit of dose of intellect. our president has maggot for brains. it is so sad

    • Rotimi Lawanson

      Advocate you clearly are not learned.

  • Jubril Abubakar

    Purchase Dangote Cement at a factory price of NGN1200 Per bag and have it delivered to you anywhere in Nigeria.Contact us today for bookings and enquiries on +2348068610114.

    • Rotimi Lawanson

      This isn’t the forum for this

  • Rotimi Lawanson

    Here we go again. This fraudulent ex CBN Governor who basically bankrupted the banking sector is here postulating for all and idiots are clapping for him. Is this not the same moron that left a N5.67 trillion hole in the economy that has resulted in Sanusi Lamido Sanusi coming back to arrest several Bank MDs because of him. He has the audacity to come here and talk and it is only in Nigeria where we have people with selective amnesia that will be clapping for such a morally bankrupt person and hailing him because he is being clever by half with the truth. In other places, Soludo will be in jail!!! Ngozi Okonjo Iweala should never respond to this clown who still has an EFCC case hanging over his neck. We all know how you are doing Obasanjo’s bidding and also using every opportunity to do a hatchet man’s job. What is paining Soludo so much is that he is currently jobless on account of his moral bankruptcy and he never had the good sense even with his acclaimed Professorship to realize that Nigeria’s economy had not been rebased in 20 years and needed rebasing. So for all his high falutin talk, Soludo remains a very corrupt, deceptive, egotistic and arrogant fellow whose flawed character towers above his intellect!

    • Akanji92

      So Soludo is source of our present state where Dangote like other poor Nigerian lost 7.8 billion dollars in three months. Naira now 210 to 1 dollar. Why live in denial, PDP, Presidency, GEJ supporters.

      • Wizard

        I wonder o! Please help me educate them because sentiments seem to have overtaken their faculties of reasoning.

    • Jumoke

      Fani Kayode who is even in court with Efcc, Bode George, Gbenga Daniel etc. and Alams who was convicted of stealing public money are all campaigning for Dr Clue. Do you know when Ngozi’s EFCC journey will start?

  • Uche Fanfinc

    Well most of you that commented on this issue raised by soludo are sentimental and because of you peoples behavior there’s no way your leaders can be accountable, that is why we going backward instead of moving forward I plead most of you lets stop being sentimental once and for all to hold those mismanaging our resources to accountable, i don’t reside in Nigeria but I read our newspapers everyday and most of the things i heard happening down there i weep for my country sometimes.

  • Guguru

    “While official statistics place Nigeria among the fastest growing economies in the world, with growth concentrated in the pro-poor areas of small scale agriculture and trade, more direct indicators of social welfare of the population would appear to tell another story. Estimated poverty rates declined only marginally between 2003-2004 and 2009-2010, implying that, given growth in the population, the number of Nigerians living in poverty is increasing significantly. Progress toward a number of the other Millennium Development Goals in Nigeria has also been disappointing, and Nigeria was ranked 153 out of 186 countries in the 2013 United Nations Human Development Index. Unemployment rates have been steadily increasing and younger Nigerians are encountering increasing difficulty in finding gainful employment.”

    World Bank 2013 National Economic Report for Nigeria

  • Guguru

    “The problem that we have is the President himself- a President who prides himself on his own weakness and incompetence and whose love of false prophets and strange women knows no bounds and has no end. A President who is as confused and as clueless as the comic character called Chancey Gardner in the celebrated 1970’s Peter Seller’s Hollywood blockbuster titled ”Being There”.

    A President who does not understand the meaning of the word ”class” or ”honesty” and who breaks his own word consistently. A President who has abdicated his responsibilities, destroyed his own political party, divided his own country, alienated his own friends, humiliated his own mentor, abandoned his own people, brought ridicule to his own faith, cowers before his own officials, betrays his own governors, scorns the international community and breaks his solemn oath to protect and defend the Nigerian people. A President who does not even have the nerve or the guts to call to order any of the numerous Jezebels that control him. He is the problem we have in our country today and until he resigns, is impeached or is voted out of power nothing will change and Nigeria will continue to go from bad to worse. That is what you get when you vote for a man who never wore shoes to school.”

    Femi Fani Kayode

    Premium Times, January 2014, “Jonathan, Tukur and A Government Of Jezebels, By Femi Fani-Kayode”

    • Akanji92

      On point. Femi Fani-Kayode captured everything while he was sane. Unfortunately, they knew his major weakness, they gave him real dosage of gbana and he went berserk again. Baba Obasanjo should assist us in appealing to the authority at Aro Mental Hospital, Abeokuta to provide two bed spaces for Femi Fani-Kayode and Aodele Fayose. Omo eni o ni buru, ka fi fun ekun paje (No one throws a troublesome child to the tiger). They need urgent medical attention.

    • blueeyedkitten

      amazing! so this happened just one year ago…..and yet i listened to this disgusting and shameless fellow called fani-kayode on channels the other day, pouring almost exactly thesame invectives on amaechi, buhari and co. haba! how can people sell their dignity to the dogs?

      • Guguru

        That is why I posted that information so that people can be informed.

  • Guguru

    “Initially, we handle it (terrorism) with kid glove, but now we have decided to be a little more forceful because we must thrash out these terror groups. We must not allow it to continue to slow down economic growth in that part of the country,”

    Jonathan, handling terrorists with kid gloves

    Nigerian Punch, March 2014, ” Jonathan admits treating terrorism with kid gloves”

  • Guguru

    “I declared my asset when I was the Vice-President; what is the difference now that I am the President,”

    “The issue of public declaration I think is playing to the gallery. You don’t need to publicly declare any asset. If I am somebody who wants to hide, it is what I tell you that you will even believe.”

    “I don’t give a damn about it, if you want to criticize me from here to heaven. When I was Vice- President, I told the then
    President-unfortunately he’s late. I said, ‘look let us not start something just because we play into the hands of some people and create another situation in the country.”

    President Jonathan

    Nigerian Punch, June 2012, “Jonathan opens up on Boko Haram, Azazi, others”

  • Emancipation

    ME SELF TIRE OOO “………….What I found particularly disconcerting as a Nigerian from the comments I read is the fixation to validation from the World Bank. According to Mr. President, “we asked the Minister how her colleagues at the World Bank saw the accusation”. I shook my head in disbelief. It is instructive that no one asked what Nigerians thought or ‘how Nigerians saw it’ but rather what was important to government was the impression of the World Bank. If this is the mind-set of our leaders, then ordinary citizens have real cause to worry.”

    • Rotimi Lawanson

      Emanicipation the reason he asked the Minister of Finance and her former colleagues is that it is the World Bank that maintains data and statistics on all developing and developed countries. Check around the world. Soludo is a hypocrite. He says that but in the same article he quotes two foreign newspapers as reference to validate his point that the economy is not doing well. Why did he have to quote those two foreign media? Are they Nigerians? So it is easy for him to use foreigners to validate his point but wrong for someone else to do the same? What a hypocrite

      • Guguru

        Rotimi,

        In what part of the world is Soludo considered a hypocrite? Are you barking up the wrong tree again? LOL.

        “I am recipient of five international awards as global and African central bank governor of the year, not to mention dozens of other recognitions (even after leaving office). The London Financial Times
        described us as “a great reformer”. Even as the global economic and financial crisis raged in 2008, the United Nations General Assembly appointed me to serve on the Commission of Experts to reform the
        international monetary and financial system. You don’t appoint someone who has ‘mismanaged’ his national financial system to reform the global system. For 8 years until 2012, I served on the chief economist advisory council (CEAC) of the World Bank, and together with two Nobel Prize winners in economics and other experts we met periodically and advised two presidents and two chief economists of the World Bank, and in 2011, I served on the External Advisory Group of the IMF.”

        Dr. Chukwuma Soludo

        Premium Times, February 2015, “Soludo replies Okonjo-Iweala, accuses her of forging national economics statistics”

  • Guguru

    “I would have loved that the Nigerians in Diaspora vote this year but to be frank with you, that is going to be difficult now. Presently, the law does not allow the voting outside Nigeria and so this year Nigerians in Diaspora will not vote but I will work towards it by 2015 even though I will not be running for election.”

    President Jonathan

    Nigerian Vanguard, February 2011, “I‘ll not contest 2015 election – Jonathan”

    • Rotimi Lawanson

      Was it not Buhari that said after his electoral loss in 2011 that he will not contest again? Please google it. Is he not contesting? Was it not Jeb Bush two years ago that said he will not run for President of the United States of America? Today he has changed his mind and he has decided to run. What is your point? If you go by that then the two candidates should be disqualified!

      • Guguru

        I have no idea what you are talking about. I am simply informing you and others about the reality of Jonathan.This does not require barking at me. Save the bark for the wrong tree. LOL.

        • Rotimi Lawanson

          Guguru, we have two major options for the Presidency. What was the point of posting this then? If you are trying to point something about Jonathan, surely you must be doing it for a logical reason. Does the fact that I pointed out the hypocrisy in your post by referencing the other candidate and others outside hurt you?

          • Guguru

            I no sabi English. Gaskiya, your turenci don too much.

          • Rotimi Lawanson

            Gugurru or better you should change your name to Ogogoro because you never have any points beyond cut and paste. I am convinced you are an educated illiterate because you cannot debate intelligently. You just cut and paste and abuse when you are outflanked.

          • Guguru

            Be quiet.

          • Wizard

            I think you your comparison of Buhari promising not re-contest the Presidential poll with that of President Jonathan as he (Jonathan) was rightly quoted is wrong and, to borrow your word, hypocritical. You ignorantly failed to realize that Buhari’s resolve to re-contest does not and will not in anyway heat up the polity but you are living witness that the polity has been hot since when President Jonathan reneged on his various commitments to the nation that he would not seek re-election the aftermath of which his party lost 5 sitting Governors in one fell swoop.

          • Rotimi Lawanson

            @Wizard I cannot believe you are saying this. The constitution allows him to contest for two terms. So if Obama said he will run for one term and then decides to go for two can anyone in their right mind stop him? Is his word above the constitution? What on earth are you saying? Did Obasanjo not go for two terms and try to amend the constitution for a third term? How is Jonathan heating up the polity? By deciding to exercise his constitutional right is that a wrong thing? Those that have ruled this country for close to forty years did they think about you and me when they basically turned Nigeria into their private estate?

          • Wizard

            Yes, I know you cannot believe what I was saying. However, of all that you’ve written as a response, I have just three questions to ask you: First, as at the time the President made that assertion in Ethiopia that he would make sure that for 2015 elections, there will be diaspora voting even though he would not be contesting, was he under duress? My second question is: because Obj tried to amend the Constitution, does that mean he should behave the same way? I think two wrongs cannot make a single right. Lastly, has he forgotten that he has the Constitutional right to exercise when he made those pronouncements? Please, answer intelligently devoid of abuse. I’m here to learn.

          • Bidemi Lukman

            Bros, Buhari never denied he never said he would not re-contest but thatt he changed his mind when called upon to re-contest while Joliar vehemently denied that he never said he would not re-contest despite all evidence both audio (NTA News) and written (Vanguards e.t.c.)

            When asked during presidential chart, he said he allowed OBJ to say this then since he could not have argued with him as someone seeking OBJ support for election.

            Na OBJ equally followed him to Adis Ababa to say he would not re-contest?

            If Jona can deny saying he would not re-contest 2015, he could as well deny he never said his name was Goodluck Ebele Azikiwe Jonathan.

  • Guguru

    “I promise Nigerians that the issue of power will be solved as soon as the privatisation of power sector is completed.

    “Power is key to the transformation agenda of this government; in no distance future the type of transformation in the telecommunication sector will be experienced in the power sector.”

    President Jonathan

    Premium Times, May 2013, “Jonathan shocked by huge number of Nigerians in South African prisons.”

    Nigeria now produces less power in 2015 than in 2012 prior to the privatization of the power sector. So much for Jonathan’s promise on providing more power. LOL.

  • blueeyedkitten

    jona don buy market. i dont know who send am to go and reply soludo. dondee like you suppose just keep your mouth shut.

    • Bidemi Lukman

      Bros, na wa for you. You take style get bad mouth sha

      • blueeyedkitten

        bros, we don tire!

  • MushinSpeaks

    Soludo’s letter too complex to comprehend…

    • igbiki

      I concur!

    • Bidemi Lukman

      Yes, too complex for those who no go skool

    • blueeyedkitten

      jona bug don bite u? abi na wetin?

  • igbiki

    The Prof is spliting hair trying to exchange scholarship with buffons, riffraffs, and port harcourt degree holders who never wrote any thesis nor know the meaning of dissertation.

    Na ony curse dem go curse you because the subject matter is too big for their beggarly craniuns.

  • Nelson David

    When you are stealing Nigeria money nobody heard of it, now Jonathan has stop all those your loop hole and the others once started attacking him.

  • Amir

    Our president certainly feels inferior to Ngozi and world bank staff. What a shame! Who knows how president Jonathan feels when he enters a presidential aircraft, or steps his foot on Washington not to talk of meeting Obama? Could this be why our local champion and emperor is always incoherent while speaking to foreign media?

  • Ndubuisi Chinedu

    Everybody always have something negative to say about our president when it comes to Nigeria. Even before he was elected as president people always see as failure but that’s not the true. He is working tirelessly to make sure Nigeria is back where it is suppose to be.

  • Bolade

    I am surprised no one can read between the lines of Soludo’s article. The tone, the theme, the contents, and the presentation of facts all points to the fact that things are really changing. For me Soludo is suffering from a mental disease called Schizophrenia, Soludo’s is a chronic case. At least
    this is my summary of his article!

  • Olumide Abas

    What Professor Soludo has been able to let us know is the amount of these “off-budget” monies went into black holes when he was among the managers of the economy.

  • lexy

    Bolade

    3 minutes ago

    I am surprises me that Nigerians do not know how to read between the lines of Soludo’s article. The tone, the theme, the contents, and the presentation of facts all points to the fact that things are really changing. For me Soludo is suffering from a mental disease called Schizophrenia, Soludo’s is a chronic case. At least this is my summary of his article!

  • lexy

    Professor Soludo is at it again! His new friends are in jubilant mood once more. We need to tell this rather naughty Professor, himself
    contradiction personified, that ejaculation rubbish like this his new article can only be written by someone who is in the peak of mental masturbation. This exotic state of a deluded element in need of detachment from the illusion. BULLSHIT

  • lexy

    Partisanship apart! Professor Soludo is at it again! His new friends are in jubilant mood once more. We need to tell this rather naughty Professor, himself contradiction personified, that ejaculation rubbish like this his new article can only be written by someone who is in the peak of mental masturbation. This exotic state of a deluded element in need of detachment from the illusion.

  • lexy

    May be years out of power has made Soludo lose his sense of reasoning.For me Professor Soludo can only deceive the ignorant. He did his best to make us believe Obasanjo whipped the state Governors to save in the federation account because of: integrity and leadership. If OBJ represents
    these two virtues then I do not know the meaning of the words. He said since PDP governors, who are in the majority, there should be no problem for the President to force them to “save” just because they belonged to the same party. I wish to remind Nigerians that the so called “family affair” for which the PDP had a notorious reputation started under OBJ. this is exactly what our dear Soludo want Jonathan to do. The era of lawlessness is over!

  • Adebola

    For me Professor Soludo can only deceive the ignorant. Make no mistake about it for I am not a politician. He did his best to make us believe Obasanjo whipped the state Governors to save in the federation account because of: integrity and leadership. If the OBJ years are mentioned what do you guys remember? If OBJ represents these two virtues(leadership and integrity) then I do not know the meaning of the words. He said since PDP governors, who are in the majority, there should be no problem for the President to force them to “save” just because they belonged to the same party. I wish to remind Nigerians that the so called “family affair” for which the PDP had a notorious reputation started under OBJ. this is exactly what our dear Soludo want Jonathan to do. The era of lawlessness is over!

  • Ifeanyi

    Both Soludo and the Economist are on the same side – anti-government, anti-Nigeria. They never say any good thing about Nigeria. You both rubbish the re-basing exercise and keep saying the economy is not growing under Ngozi Okonjo-Iweala, whereas the reverse is the case. The economy is growing under Okonjo-Iweala, investors are not discouraged despite some of the challenges we have; they keep trooping in.

  • Adebola

    This dying man takes pride in the lawlessness the Obasanjo administration is known for. He quotes with approval the reckless decision of Obasanjo to bypass the Finance minister to implement the so called “Consolidation Policy” which made many Nigerians poorer than they were. Is this what Soludo
    calls “achievement”? Wonders shall never cease!

  • Cyril

    Soludo again, will he ever rest? Why is his voice booming loud close to election period? He has been acting like a saint as if his hands are clean. Nigerians should not be deceived until he has revealed his political ulterior motives.

  • Shaanu Akowe

    It is a common saying that it is thieves who are most of the times all-suspicious about truly well-meaning developments. Because they feel everyone is just like them. Prof. Charles Soludo is only revealing the extent to which he is capable of being subversive with the nations resources. Thank God he is no longer in power to carry out the trickery of his enterprise.

  • Patrick

    How can Soludo say that he believes that the amount of resources supposedly stolen exceeds the federal budget per annum? On what basis is he establishing that claim? What empirical facts and figures can he show for it? Even in the court of law, to establish a case against someone you need empirical facts not conjectures, assumptions or beliefs.

  • Adebola

    This dying man takes pride in the lawlessness the Obasanjo administration is known for. He quotes with approval the reckless decision of
    Obasanjo to bypass the Finance minister to implement the so called “ConSOLUDOtion Policy” which made many Nigerians poorer than they were. this policy only enhance the pockets of the Soludorised Banks. We still remember the Akingbolas, Ibrus etc who went on the run with Nigerians hard earned money. I am perturbed that the same man who did this to Nigerians can still be celebrated by the gullible ones within us.

  • babadee

    When those we suppose to be patriotic chose to be partisan, this the outcrop. Soludo, you a man who have immensely benefited from the proceeds of the nation’s wealth. How come you have aligned your ways with the wicked to further destroy this country in this time when the country needs it first eleven to save the nation from global challenges: of drop in oil price, terrorism, insecurity and the rest?

    • Jumoke

      The country should first save itself from thoughtless incompetent leadership before talking about oil price. Even if oil price is 1000 dollars per barrel, the Jonathan administration would still not know what to do with the money. Has it ever occured to you that oil theft contributes to global surplus and falling prices, or are you equally as clueless as your paymasters? If this president is only able to rule those who agree with his failed policies, it simply confirms the view of the growing majority that he lacks leadership qualities.

  • Iluyomade

    I find it very difficult to believe that the purport of these treatises from Soludo is to facilitate an intelligent political debate. They look more like a personal campaign for a political office probably that of the Finance Minister. This is given the timing of the publication of the articles and the tilt of most of his arguments. He might as well be a member of the opposition party.

  • George

    Every right thinking Nigeria knows Okonjo-Iweala is one of the best minds manning Nigeria economy and finance. No one should listen to haters like Soludo who really desire her office. He’s too desperate for her position.

  • Promise

    Professor Soludo article dwelt much on archaic economic theories better called “Text book theories” when he said the present government isn’t saving for the rainy day hence the missing $30 trillions (please laugh it off). He quoted with approval that Obasanjo saved $35 billion in foreign reserves. I wish to ask: Is there no difference between savings and Investment? What is behind the idea of saving in foreign reserve which in itself is not a sign of economic development? Even Keynesians analysts agree that Investmentsadministration has done is better than saving. I challenge Professor Soludo to counter this fact! If Professor Soludo is looking well enough he will see that his economics does not fit into the 21st century realities.Sir you desperately need an update

  • Giggs

    This Soludo guy would have been better referred to as a prospector and not a professor. If there was ever an economist theory called the “speculatory” theory, then he should belong to this. Did he just say the economy would have been growing by 12% if he was the one in charge. Hypocrisy! that’s what i call that.

  • Taiye

    It is shame on this country by washing our linen on the global stage. No intellectual or past leader or technocrat in advanced economies would come out open to criticize the government of his country, it is only in Nigeria, where politics is seen more of religion than a way of providing the best for the people. I m unhappy, as bright as soludo, would stoop so low to be entangled in this politics of run-them -down, kill-them -all, and tarnish their image to score cheap political point. Continue deceiving yourself not us.

  • Promise

    I insist Professor Soludo can only deceive ignorant people like him. He has done his miserable best to make us believe Obasanjo himself a pillar of corruption, is a saint. If OBJ represents virtues of integrity and leadership has he sometimes made us believe then the words have indeed lost their meanings. Under OBJ the PDP governors, who are in the majority, were summarily coerced or forced into submittion against their will, there should be no problem for the President to force them to “save” just because they belonged to the same party. I wish to remind Nigerians that the so called “family affair” for which the PDP had a notorious reputation started under OBJ. this is exactly what our dear Soludo want Jonathan to do.

  • BADE

    For those who have read Professor Soludo’s recent epistle, one will notice the tone of his voice: a dying man. Within the lengthy (if not jejune) piece, Soludo cried out loud about his problem:” I need a job, I am presently jobless”. The Minister’s offence as it can be inferred from Soludo’s article is that she had dared to support a candidate of her choice! How dare she bodly and proudly do this? This was when he said: “…you are busy dancing Atiologwu dance at TAN and PDP rallies, struggling…” as one of his earlier articles claim, does this mean Soludo is applying for a job since his last failed attempt to become relevant after contesting for Anambra Governor? If he is applying for a job he can at least do this in a more mature manner
    rather than become a cry baby as his recent write-up has shown. What equally convince me Professor Soludo is in need of a job is when he started parading his rather unflattering and unglittering CV.

  • BADE

    Soludo, can a leopard change its spots? This job seeking Professor is just on a mission to call attention to his long forgetting “cantributions” and relevance in Nigerian politics. Nigerians recalls the diatribes of a fellow OBJ boy Femi Fani-Kayode on Jonathan administration. The same I know is applicable to Soludo. Rather than address the issues raised, Soludo resorted to self-adulations. He wrote about his “achievements” as the CBN Governor a period that saw many Nigerians lose their hard earned money to the ill-conceived, ill-timed “Consolidation Policy”. This obviously is
    a period Nigerians don’t want to remember.

  • Kenneth

    Part of our citizen duty in a democracy, to use Soludo’s words, is to give constructive criticism and not tear down the government or use the media to subtly campaign for our political agenda in the guise of a political debate. Part of our citizen duty is also not to run down our superiors like Soludo is doing to Okonjo-Iweala

  • Godwin

    Thank God! they are coming out of their hiding shell, Soludo is among; the anti growth agent. instead of preferring solution for way forward, they all bent on destroying the already shaking polity. We will have no one to blame when the time comes, because patriot join hands together in time of uncertainty not pulling out and wait to kill those who are putting in their best. I pray soludo and his Henchmen will stop this anti-nationalist movement which is unafrican, unpatriotic and undesirable.

  • Rufus

    Charles Soludo has shown over and over again that his words should only be taken with a pinch of salt. He is obviously more concerned about maintaining the facade of a good reputation than dealing with more fundamental issues of honour and integrity.

  • Ferdinard

    Our problem in this nation is those who call themselves intellectual as Ojukwu once pointed out. They claim to know it all, whereas, they know nothing. Sir Soludo, when you were serving as the Governor of the Apex bank, what was your contribution to the development of the nation? what was your role to elevate the poor on the street of Nigeria? what did you do to save the nation from leakages? Now when somebody is doing it, all you care for is to deter and discourage those doing it. God is watching.

  • Ologunde

    Looking at the nation’s economic
    growth and development, the president’s achievements in all facet of governance, the improvement in
    infrastructures and roads, the digitization of federal civil service to fight ghost
    workers, introduction of GIS under SUREP, etc. All these can be attributed to the brilliant advice
    from the World Bank Czar; her contribution to the development of the nation is
    second to none. Lets give the transformation team a second chance than diversionary step and provocation of enemy of progress like Soludo.

  • Olabimpe

    If Soludo thinks he can whip up sentiments in the name of believing that “the amount of resources that are either stolen from the economy or out-rightly mismanaged by government far exceeds the federal budget per annum” he is at best a joker! For the sake of everything green on God’s earth…Belief is merely Perspectival rather than factual. And when a professor starts to measure the performance of Nigeria’s economy by Dangote’s (a business man) losses, then it is style of economic analyses is so crude. That’s in no way factual.

  • sammyctu ode

    I have read all the pieces Soludo wrote and the responses from jonathan and his so called economic team. As far as I am concerned, Soludo’s arguments were based on facts and economic analysis. Why should Nigeria constantly depend on World Bank, why should WB dictate to us and treat us as idiots as if we don’t have brains in Nigeria? There are many countries who have rejected WB loans, recommendations and palatives and they restructured their economies and became better of. Examples are Malaysia and Rwanda. Nigerians should realize that WB and all the International financial institutions are stooges of the western countries who are bent to suppress the economies of developing countries so that they can continue to live fat on us. If WB gives us a loan of say 100 Million Dollars at either 3 or 4% interest rate with a moratorium of say 40 or 50 years, by the end of the tenure, we would have paid four times of the principal and also I can tell Nigerians that 60% of the loan goes back to WB in terms of logistics, telephone calls to WB officials in any part of the world, unsustainable consultancy fees of WB officials, WB officials visiting the country for one useless meeting or the other and many other stuffs. As for jonathan, he is so ignorant of what economy is all about which is why he is so gullible and does not understand how to run any economy which is why another four more years of his useless presidency will kill Nigeria’s economy because he is not an intelligent man.

    • Fubharr

      What is the evidence that those who prepared the so called National statistic haven’t been bought over by the opposition parties to cook up wrong public sentiments, like we all know is the case with our Census figures. Besides, the World bank has one of the most credible, and transparent assessment mechanism when it comes to economic facts and figures…so, tell me Prof. Soludu what’s you suspicion about?

  • Fubharr

    What is the evidence that those who prepared the so called National statistic haven’t been bought over by the opposition parties to cook up wrong public sentiments, like we all know is the case with our Census figures. Besides, the World bank has one of the most credible, and transparent assessment mechanism when it comes to economic facts and figures…so, tell me Prof. Soludu what’s you suspicion about?

  • sandra

    Soludo has bitten the arms that fed him.without DR Ngozi ,there will be no Soludo,Soludo you mean you have no fault?the banking industry is still reeling from the nonsense you did,Here you are again talking nonsense,i guess are aiming for her position which is impossible

  • bola

    self-seeking Soludo needs not to be dignified with a response,he keeps writing fabricated lies about GEJ,government,i guess he is paid to do so,since he had been denied a political post he has been running his big mouth.its the work of an idleness

  • bola

    did soludo just called himself a perfectionist,his he saying his better than the person that got him the job as CBN governor,what exactly his soludo problem,envy,jealousy,spiteful of the GEJ achievements and popularity, because he lost out in the Election and also no more relevant in Nigeria’s politics,.soludo is a failure

  • Eze1

    I need a PhD holder to answer this, What is the difference between Revenue and Budget?

  • Charlonz Di Minkki

    Attention seeking Soludo will not go and rest.

  • ahmed

    Soludo and his bald head should get out…he has nothing to say!

  • Can Soludo rest already? We are aware of his short bitter venture into politics and where it landed him. That’s enough fame.

  • Blu Sucre

    Na today?…..The president always miss the points on any issue brought up for him to tackle. ……when people were shouting for him to do something about boko haram….instead of using the military to fight them he castigated the APC for being sponsors thereby doing nothing . Na now he wan destroy boko haram in 6 weeks. Shame on you Jonathan, even cameroon and tiny chad there they kill and arrest these people ,my government they shout opposition this and that.

  • uko bassey

    The sound of bitterness…Soludo should just go home.

    • geraldine jaja

      lol…sounds like the name of a book that a failed politician would write…Soludo is a disgrace…

    • Nurse Lucy

      wow! and thats all you took away with you from this very cerebral piece.. we truly deserve the chaos we have as a Country.

  • Am i even supposed to be reading about soludo, i mean why is he all up in our faces, SMH.

  • chinwe davis

    Now that’s what i call frustration, but i suspect someone pulling his strings, soludo might be a puppet.

  • soludo uhmmmm and why were quiet till now, just relax with the money u chop nobody dey reason your matter.

  • wally

    Rotimi I think you are missing the point here by being purblind to the facts and figures that Soludo has been given the general public to consume. I think we should be debating on those issues rather than to undermine them by distracting people away from the facts. You seems to be so personal about Soludo by saying “because he has affixed to his name tittle Professor so you are hailing him”. You have to understand that he is talking from the area of his core competencies in which he is a guru and nobody can take it away from him. If Nigel Lawson is raising an issue today about UK economy the British government wouldn’t keep quiet about it, if Alan Greenspan is raising issue concerning America economy Obama would respond. It’s only in Nigeria everything is trivialised and politicised to the detriment of the masses. Let’s give respect where’s due Soludo is doing a good thing for the Country by having the courage to raise those issues and we should give him credit for that, 30Trillion is a staggering amount to trivialise.

  • nwaeke

    A money never earned cannot be stolen or mismanaged.

    • Wizard

      And so, what is your explanation on leakages in the Government?

  • Kunle

    I wonder why anyone would take Charles Soludo’s articles
    seriously. Statistical facts and figures are not the same as the whimsical
    projections of a disgruntled politician who is seeking to settle scores.

  • Nwaobilor

    OOH! It is now a rough estimate?. Soludo keep your calculus to yourself before running out into the street screaming Ureka!!!

  • Dan

    At least twice now, Charles Soludo has broken his oath of keeping his pen at bay until after the elections. If he does not take his own words seriously, why should we? It is clear that Soludo is more interested in protecting his personal pride than pursuing the common good.

  • Ukpono

    What a joker!

  • Kufere

    NO BODY SHOULD PAY THIS GUY ANY ATTENTION… HOW WILL HE ACCUSE A GOVT BASED ON ESTIMATE? I MEAN I DON’T GET IT.

    • Old No7

      Its clear, like Jona u don’t and can’t get it

  • Akinyemi

    What exactly is Charles Soludo up to with his unfounded projections? Attention seekers will do anything to remain “relevant” in the eyes of the public even if it means violating their own conscience. I hope Soludo retraces his steps early enough to retain whatever iota of dignity and honour that he has left.

  • kemi

    Soludo go back to your sleep

  • laureen

    Soludo should explain How much went into this black holes when he was in government . Or did the black holes suddenly appear after his exit . I don’t recall any dramatic efforts to close up any black holes when he was in Government . I like many Nigerians we expect people like Chukwuma Soludo to critisize constructively and provide solutions to this problems . This article makes no sense if you don’r proffer solutions to the problems identified.

  • laureen

    Like OBJ LIke Soludo . Some people just don’t know when to SHUT UP.!!!

  • uzo

    we don’t want your explanation just go

  • emmanuel

    soludo you are a bad loser

  • John

    My dear professor. Your president is dull. Nothing you say would get to his thick skull. I understand ur frustration.

  • faith adams

    GEJ is addicted to democracy, he lives the constitution

    • Odogwu

      May your immediate family be run like Jonathan is running Nigeria, Amen!

    • Old No7

      To ur comment…

  • Odogwu

    That is why they said a people gets the government it deserves, look at how fools are blabbing their filthy mouth at a man for telling the obvious truth about this useless Jonathan and his government which we all know!

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