Friday, 22 May 2015

Ngozi Okonjo Iweala Does Not Derseve Any Doctorate Degree - A Nigerian Petitioned Yale University To Withdraw Its Honorary Degree

Nigeria's finance Minister was awarded a honorary doctorate degree by Yale University on May 15, 2015. The
citation from  Yale University reads: "Ngozi Okonjo-Iweala, Doctor of Humane Letters.You are a citizen of your country, your continent, and the world. Shaped by challenging experiences during your childhood in Nigeria, you have made social and economic reforms in your mission. As Nigeria's Coordinating Minister of  development and Minister of Finance, you have tackled corruption, created a vision and part to long-term economic stability, and worked to build a culture of transparency. At the World Bank, you made foods security a priority and provided policy advice and capital for the world's poorest countries. With wisdom, a fierce dedication to doing what is right and unflagging energy, you have transformed the economic landscape of your nation. We are proud to name you Doctor of Humane Letter" 


This citation from Yale University does not reflect nor represent everything that has happened under the watch and supervision of the Nigerian economy by Ngozi Iweala as the nation's finance Minister. There is no tangible evidence of any economic development in Nigeria under the leadership of Ngozi Iweala in all reality. Nigeria's economy is still an oil- dependent economy that is debt and borrowing ridden as well as 100% consuming and importing in nature. Nigeria's debt profile has risen under Ngozi Iweala and  Nigeria has borrowed $2billion in the last four months alone to pay salaries of both Federal and State civil servants.


 Our foreign reserves and excess crude oil accounts have both depleted under  Ngozi Iweala. The board of regents of this ivy league school missed  it completely by awarding their pretigious honoary doctorate degree to an undeserving Nigerian in all truth,honesty and reality. The Nigeria's economy has remained the same under Ngozi Iweala without any evidence
 of its diversity from oil. The Nigeria's Naira crashed to its lowest value in its history under Ngozi Iweala. The true picture that Yale University missed is the fact that Nigeria's economy has almost grounded to its final halt today which will make it a daunting task for the incoming administration of General Muhammadu Buhari to meet its campaign Promises.


The menace of official corruption and Financial scandals have both reached their peaks in Nigeria under Ngozi Iweala. A central Bank governor was fired for disclosing that $20 billion was missing from the federal coffers and this allegations was investigated in a shady and questionable manner. The oil subsidy scam that cheated Nigeria's tax payers of trillions of Naira was coordinated and supervised by Ngozi Iweala. The culture of official corruption and state resource mismanagement were both honoured, celebrated, protected and defended under the supervision of Ngozi Iweala as the supervising coordinator of  the Nigerian economy.
 To give an honorary doctorate degree to an undeserving Nigerian by the World's reknown university is the biggest slap on the faces of the 180 million Nigerians in 2015. I am using this social medium platform to appeal to the board of regents of this prestigious university to withdraw that honorary degree that they awarded to this Nigerian  immediatley and without further delay for the sake of prosperity.

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