Immediate past Minister of Finance, Ngozi Okonjo-Iweala, has affirmed
that she would not serve in the current government of President
Muhammadu Buhari, even if invited.
Okonjo-Iweala made this disclosure on Monday during a programme aired on Al Jazeera, The Stream.
According to the former minister, it would be better to allow those
managing the economy now to do the best they could, stressing that there
could be solutions to the present economic decline in the country.
She said, “One of the things you learn as you get wiser is to talk
less as you grow older. I have spent my time contributing to the
country. It will be better to leave those managing the economy to do
what they know how to do. There can be solutions.
“I am not a typical politician. I went in as a technocrat. I think on
the continent we have seen a period when the economy was doing well. In
the last two years, we have been experiencing challenges.
“We need to focus on the basics, which are macro-economics. You must
get the fundamentals like having a stable exchange rate and having
inflation under control. I served my country for seven years and it was a
great honour. The second time was very tough but it is still an honour.
“I am not the only person who is a repository of knowledge. There are
other people who can equally try their hands in running the economy. I
will advice young people not to wait for employment. They should create
jobs to employ six people or more.
“During my time in government, we had a programme called ‘You Win’ designed to support young entrepreneurs.
“The whole idea was to have a business plan competition. The idea was
that they should create jobs. And each created nine to 10 jobs. The
World Bank did an evaluation of it and found it good. I do believe that
the government should come in.
“We started a peer to peer mentoring. Now, one of the things I want
to say is that creating employment is not only about struggles, it is
about managing success.”
Speaking on the anti-corruption war during the two regimes in which
she served, Okonjo-Iweala said: “It was a very tough fight. I must thank
my team. You don’t do it alone. I had the support of an economic team
in the Ministry of Finance. It was tough because at the end of the day,
you need to have some principles.
“The average life span of a Finance Minister is two years in a
country. No one likes a Finance Minister because it is the business of
saying no. It is very difficult and challenging.
It was interesting for
me. I wish I had seen myself as wielding power.
“All I saw was the job because I was seeing myself working for the country.”
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