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Re: Chuwkuma Soludo is living large-234NEXT.com

March 15, 2009
 What is wrong with the media? Writing nonsense about the only CBN governor, we have ever had in this our "non-nation" called Nigeria. Prof. Chukwuma Soludo - best graduating student in his first degree, master and PhD all from the only University of Nigeria – must believe in good education. Is it not possible that the man has been working towards giving his children good education?

 Dr Soludo has been visiting scholar[2] at the International Monetary Fund, the University of Cambridge, the Brookings Institution, the University of Warwick and the University of Oxford and a visiting professor at Swarthmore College (USA). He has also worked as a consultant for a number of international organizations, including The World Bank, the United Nations Economic Commission for Africa, and the United Nations Development Programme.

Soludo is a core professional in the business of macroeconomics. He obtained his three degrees and then professorship at the University of Nigeria in Nsukka, Enugu State. He graduated with a First Class Honors degree in 1984, an M.Sc. Economics in 1987, and a Ph.D. in 1989, winning prizes for the best student at all three levels.[1][6][7]

He has been trained and involved in research, teaching and auditing in such disciplines as the multi-country macro econometric modeling, techniques of computable general equilibrium modeling, survey methodology and panel data econometrics, among others. Soludo studied and taught these courses at many Universities, including Oxford, Cambridge and Warwick. He has co-authored, co-edited and authored about ten books on this subject matter.[7]

In 1998 Soludo was appointed to the position of professor of economics at the University of Nigeria; the next year he became a visiting professor at Swarthmore College in Swarthmore, Pennsylvania, US.[1]

Soludo joined the federal government in 2003. Prior to his May 2004 appointment to the bank chairmanship[8], he held the positions of Chief Economic Adviser to former President Obasanjo and Chief Executive of the National Planning Commission.[1].

 

Sahara reporters – investigative journalism right? Are all public office holders in Nigeria thieves?  Are you sure that Chukwuma’s total earnings including all possible allowance in a year is 12 million? I seriously doubt that. That said, E be like say the man get money before him become CBN governor. For Nsukka that time the man no dee drive small car. Same goes for his suits and watches. 

 

Visiting scholar / visiting professor? What is that? Does one get paid for that? If yes, please tell your readers how much Chukwuma was paid as a visiting scholar / visiting professor at the IMF, Cambridge, Brookings, Warwick, Oxford and Swarthmore.

 

Consultants nko? Are they paid? How much did he earn consulting for The World Bank, the United Nations Economic Commission for Africa, and the United Nations Development Programme? In your investigation, I am sure you will find other organizations he has consulted for, how much did he earn?  

 

To read dee tire me these days. Nevertheless, E be like say the man get some books. Are they free? If no, how much does he earn as royalties? Even if them dee pirate his books for 9ja, the ones wee them dee sell for where u na dee na original. 

 

Chief Economic Adviser to former President Obasanjo and Chief Executive of the National Planning Commission. No be small thing oo. Even if you forget the salary, the allowance big for that kind positions. The allowance dee legal.

 

As they say, common sense is not common – if I may add especially with the media. Are you familiar with this – Ex-president George Bush is the cause of the economic crisis in the US.

While he may be liable for some things as regards the economic crisis, the foundation for this crisis started in the time of Bill Clinton. (Hope I will survive the blasts I will get for this statement :-))) However, before you strike, pls do your research, cos I will defend myself.  

 

Basic knowledge of macro/microeconomics will enable us understand that the blame and blackmail targeted at Chukwuma is unfair. What is that self! What did he do?

 

He lied! He lied to us!!! He said that nothing is happening that the fundamentals of our economy are strong.

 

So what? What is that nonsense? Did he say it was perfect? Was that not before the crash of oil price? Did he crash oil price? The Oyibo people (Goldman Sachs??) even released a report stating in very clear terms that Nigeria is the safest economy in the world!!!

If he had said - Oh, my fellow Nigerians, all is not well, our economy is crashing? What would have been the outcome? Pls educate me.

 

Naira is falling!!!

Sometime in the past, that man was advising that we build up our reserves for a time like this. Share that money, we do not have infrastructure and you are building up reserves, he was told. Those in front were shouting Share it in dollars!!! Those at the back were shouting Share it in Naira!!! Share, share share the money. THIS IS THE PDP!!! SHARE THE F…. MONEY!!!

And today we hear and read, that man’s legacy is finished. In fact, sack him immediately and crucify him. What is he doing? Our reserves are down!!! Hey, this same you???? 9ja, I salute.   

 

Citizen journalists at our dear Sahara reporters, that man kicked against so many government policies. His cries fell on deaf ears. Please examine that before you crucify him ok? Is there anything like balanced/objective journalism? If no, you can pioneer that. He talked about phase two of consolidation. Shut up he was told. Our dear northern brothers/sisters cried. They went on to say that phase one of the consolidation did not favour the north. Deconsolidation, right? Was that not what some were clamoring for?        

 

From obscurity to world stage. Plucked from obscurity.

Kai! U na sabi insult person. I remember a discussion I had with a friend in the 1990’s. “if you go overseas, the lectures will tell you that Soludo said this ….. or that according to Soludo, …….” He continued but if you go to Nsukka, Soludo will be the one telling you what he said. That was actually the first time I heard of Chukwuma Soludo. Pls my friend is well read, vast, travelled and cannot be considered “obscure” by any standard. He is known in the academic as well as business circle here and there.  

 Chukwuma became an international figure/scholar/consultant/lecturer (add more and all join) years before Sahara reporters was born. It is just that you were not versatile enough to know professionals produced and recognized internationally by the first indigenous and the only University of Nigeria.

 

Convoys of as many as seven vehicles. What is that? Any day he comes to my area, I will add mine and possibly my wife. So please make it eight or nine. Before I take a break, let me make it clear – I am in no way saying that Chukwuma is a saint or that he has never stolen or abused public office. But please …….. what is all this! He did a good job and is still doing a good job. I am not perfect and so are you.  

 

 

References (all taken from Wikipedia)

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