Atiku blasts Aganga, hails Okonjo-Iweala appointment

[emezico]

Former vice president, Atiku Abubakar, criticized the re-appointment of Aganga, but praised the appointment of former Managing Director of the World Bank, Dr Ngozi Okonjo-Iweala.

He particularly commended Okonjo-Iweala for speaking truthfully about the  state of the nation's economy and the pace of budget implementation in the country.

He further praised the former Managing Director of the World Bank who publicly told the Senate on Wednesday at the screening of ministerial nominees that the Federal Government's current expenditure is almost 74 per cent of the national budget, leaving virtually nothing for capital expenditure.

Abubakar recalled that when he criticised the unwieldy recurrent expenditure of the 2011 budget at the expense of capital expenditure, the former Finance Minister, Olusegun Aganga, publicly branded him ignorant.

According to Abubakar, it is impossible to bring any development to the country and improve the living standard of the citizens when the recurrent expenditure incredibly overshoots the capital expenditure.

The former Vice President noted that, at this critical moment of national challenges for development, Nigeria needs courageous and honest professionals like Okonjo-Iweala, who can truthfully advise the President.