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Nigeria - According to Minister of Finance, Dr. Ngozi Okonjo-Iweala, Daily Trust can never be trusted.
Reacting to a Sunday Trust editorial of May 10, 2015 titled: “The Sorry Record of Madam Ngozi", which faulted her performance in the office of Nigeria's Finance Minister, Okonjo said the newspaper does not and cannot adhere to its own guiding principle because of its bias, prejudice and knack for unprofessionalism.”
In a statement issued on ThisDay newspaper, she explained the predicament of the economy, saying FG's revenues were badly hit when oil price dipped. She added that her team and herself had been working tirelessly to ensure that things don't get worse than they already are.
“For the Sunday Trust to say sarcastically that government “went a borrowing”, it means that the paper has chosen to be selective in reporting the facts in order to suit its agenda. There is room for borrowing in the budget every year as approved by the National Assembly and this year is not different.
“There is no household or country that loses half of its income and does not feel the pinch. The most important thing is to stay focused in tackling the issue, which is exactly what the finance minister is doing. Papers like Sunday Trust should encourage the incoming administration to focus on measures to properly manage the economy and ensure salaries and pensions are paid the way this administration has done.
“They should desist from demonisation of the finance minister. Her record of accomplishments is known the world over, so the paper is wasting its time on negatives,” the statement pointed out.
“Sunday Trust went further to claim that the minister “controversially rebased the economy and claimed that it is the biggest in Africa despite the stark reality of epileptic power supply, very high unemployment and grinding poverty.”
“Again, it is unbelievable that a whole Editorial Board of a newspaper can be this ignorant and myopic! Papers like Sunday Trust are so preoccupied with sowing seeds of discord and hatred that they stand truth on the head. Our school children who read papers are in trouble if this is all an Editorial Board can produce. It is shameful.
“Whether Sunday Trust likes it or not, Nigeria is the biggest economy in Africa and that is a fact. Rebasing of the economy does not mean that all the challenges faced by a country disappear immediately. It is a critical exercise that helps policy makers plan appropriately. We cannot move blindly and expect a miracle,” the minister added.
Read: "The Sorry Record of Madam Ngozi" by Daily Trust
#Nigeria #DailyTrust #Okonjo-Iweala
Reacting to a Sunday Trust editorial of May 10, 2015 titled: “The Sorry Record of Madam Ngozi", which faulted her performance in the office of Nigeria's Finance Minister, Okonjo said the newspaper does not and cannot adhere to its own guiding principle because of its bias, prejudice and knack for unprofessionalism.”
In a statement issued on ThisDay newspaper, she explained the predicament of the economy, saying FG's revenues were badly hit when oil price dipped. She added that her team and herself had been working tirelessly to ensure that things don't get worse than they already are.
“For the Sunday Trust to say sarcastically that government “went a borrowing”, it means that the paper has chosen to be selective in reporting the facts in order to suit its agenda. There is room for borrowing in the budget every year as approved by the National Assembly and this year is not different.
“There is no household or country that loses half of its income and does not feel the pinch. The most important thing is to stay focused in tackling the issue, which is exactly what the finance minister is doing. Papers like Sunday Trust should encourage the incoming administration to focus on measures to properly manage the economy and ensure salaries and pensions are paid the way this administration has done.
“They should desist from demonisation of the finance minister. Her record of accomplishments is known the world over, so the paper is wasting its time on negatives,” the statement pointed out.
“Sunday Trust went further to claim that the minister “controversially rebased the economy and claimed that it is the biggest in Africa despite the stark reality of epileptic power supply, very high unemployment and grinding poverty.”
“Again, it is unbelievable that a whole Editorial Board of a newspaper can be this ignorant and myopic! Papers like Sunday Trust are so preoccupied with sowing seeds of discord and hatred that they stand truth on the head. Our school children who read papers are in trouble if this is all an Editorial Board can produce. It is shameful.
“Whether Sunday Trust likes it or not, Nigeria is the biggest economy in Africa and that is a fact. Rebasing of the economy does not mean that all the challenges faced by a country disappear immediately. It is a critical exercise that helps policy makers plan appropriately. We cannot move blindly and expect a miracle,” the minister added.
Read: "The Sorry Record of Madam Ngozi" by Daily Trust
#Nigeria #DailyTrust #Okonjo-Iweala
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