Following the award of Doctor of Humane Letters by Yale University in the United States bestowed on the Minister of Finance and
Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala dated May 15, 2015.
Many Nigerians home and in diaspera have seen it as unmerited.
Sunday Iwalaiye, on Wednesday started an online petition on Change.Org, urging Nigerians
to also sign the petition. Less than 24hrs after the petition was posted close to 3,000 people
had signed it.
The petition quoted, “This citation from the Yale University does not
reflect nor represent everything that has happened under the watch and the supervision
of the Nigerian economy by Okonjo-Iweala as the nation’s finance minister.
“There is no tangible evidence of any economic development in Nigeria under the leadership of
Okonjo-Iweala in all reality.
Nigeria’s debt profile
has risen rapidly under Okonjo-Iweala and Nigeria has borrowed over $2bn in the last four months alone to pay salaries of the federal and state civil servants.
“Our foreign reserves and excess crude oil accounts have both depleted heavily under
Okonjo-Iweala. The recurrent expenditures in the federal budgets reached the highest levels
which made capital development practically impossible in Nigeria under her.
“The true picture that Yale University missed is the fact that the economy of Nigeria has
almost grounded to its final halt today which will make it a daunting task for the incoming
administration of Muhammadu Buhari to meet its campaign promises.”