David-West warned Okonjo-Iweala on World Bank

The one-sided choice of Jim Yong Kim on 16th April 2012, as the World Bank
president, by President Barack Obama of the USA, resulting to Nigeria’s
Finance Minister, Ngozi Okonjo-Iweala, being dropped, has further exposed
America’s democracy, as shenanigan’s, where Kim, a health expert, was
preferred to Okonjo-Iweala, a renowned economist.

But Professor Tam David-West had warned Okonjo-Iweala when the nomination
came and she was double-dating between her finance ministration and the
impressive job at the World Bank. She refused to listen to the wise words
of the university don who knows that it was a thoughtless risk that she was
embarking on and had asked that she reassigned because of her unforeseen
imperiousness to the country’s economy.

David-West knew that the end comes when somebody no longer talks with
himself or herself in proportion to discipline and caution on a job. And
the ignominy that Okonjo-Iweala got at the World Bank would have been
averted if she had genuine thinking and calculation. She had said that she
was confident of getting the job, but later told the world that the World
Bank presidency will not be decided on merit as the institution prepared to
make its appointment. This is the same way she told the world that Nigeria
will never remain the same economically if the fuel subsidy removal faced
impasse. But it later faced it, with the government coming down from the
astronomical N141 it hiked fuel to N97, yet Nigeria did not fall.

Before Okonjo-Iweala started singing lullaby to console herself by saying
that, “You know this thing is not really being decided on merit”,
David-West had seen that the World Bank presidency would go to the USA
candidate, because the organisation was founded by the country, at the
Bretton Woods conference, during the close of the Second World War. Having
known enormously the American politics, he had told the world that he would
not say that the US is headed by a black man, because he does not see Obama
as a black man. He further said that the candidature of Okonjo-Iweala was
not a serious challenge for the job. And she later consoled herself when
she lost, saying: “So we have won a big victory. Who gets to run the World
Bank – we have shown we can contest this thing and Africa can produce
people capable of running the entire architecture.”

This is an example of the many things David-West had seen that came to
pass. But due to overzealousness over a job, without self-discipline,
people like Okonjo-Iweala fail to understand the West. Like David-West
would say: “Degrees and certificates do not make one a good leader.” Today,
Nigerians can see that David-West was prudent in his arithmetic of World
Bank being nothing but conduit through which poor nations around the world
are milked dry. Suffice it to say that the G8 nations and their World Bank
are partly to blame for uninterrupted dishonesty that warps Nigeria and
other African countries.

How come that except those persons suggested by the nations of the West no
other nation will clinch to lead the bank? Are they hiding something that
may expose their eagerness in controlling the world at all cost? When
David-West saw this and said it, Okonjo-Iweala perhaps dismissed him with
the wave of her back hand.

People like David-West are taken serious at last, because they see beyond
the immediate thought of people like Okonjo-Iweala, who did not take into
cognizance that there was no way Obama candidate would have failed, because
this is an election year in the USA. Who wants the Republican to have a
whip to despise the Democrats, the later being Obama’s party, if
Okonjo-Iweala became the World Bank President?

It is imperative to say that David-West was not blind in his critiques and
is not a cynic of Okonjo-Iweala, who sees inferiority complex and self hate
for her ministerial job for the coveted bank job, thereby making what was
supposed to be a spectacular outing, a subdued one. Did she win any
international acclaim for herself?

It is not guts to jump with two legs at once. Okonjo-Iweala’s conspicuously
consciously outing to defeat and destroy Barack Obama was her marooned
mindset of the lowest order. People with such mindset kill any organization
they are entrusted to care, even the World Bank. This shows that she was
not rational in her dealings and was not in the good book of the West
because she would have contrived to have Obama nominate her as she has done
to President Goodluck Jonathan of Nigeria. The worse is that her
domineering attitude did not allow her to withdraw the moment she noticed
that Obama had nominated someone else.

David-West would be laughing today that he said it, as the World Bank chose
Korean-born American health expert Jim Yong Kim as its new president,
instead of the much sirened money expert manager Jonathan would say that
Nigeria has got. This will also remind Nigerians that David-West was
clairvoyance that Washington’s grip on the job will ever leave the
developing countries to be followers if they do not wake-up from slumber.

Moreover, it is a challenge to Jonathan that Kim, 52, won the job over his
widely respected finance minister, with the support of Washington’s allies
in Western Europe, Japan, Canada and some emerging market economies,
including Russia, Mexico and South Korea, whereas he was subsidizing fuel
to please the International Monetary Fund (IMF). How come the decision was
unanimous unlike the previous World Bank elections? Kim will assume his new
post on July 1?

David-West would tell the Federal Government that even more wasteful is
thoughtless caution which prompts inaction and promotes failure to seize
opportunity, because the government has failed to realize that every step
of life shows that much caution is required. Sadly, Okonjo-Iweala did not
proceed with caution and was simply not clever enough to do some of the
kinds of engineering things that she was supposed to do, showcasing her
thoughtless talks about doing things. This was the same way that
David-West’s voice resonated on Tuesday, 03 January 2012, when he
illustrated the rushed increase in the price of petrol as a coup by
President Goodluck Jonathan against Nigerians, and irresponsible,
anti-people and anti-God. With the failure of Okonjo-Iweala, David-West was
right when he described the government as unreliable because it had told
Nigerians that the increase in the price of petroleum products will not
take effect till April 2012, because it’s still consulting. It’s the same
way Okonjo-Iweala boasted that the job at World Bank was her’s, but she was
later butted out. Was she given money by donours to run for the position?
David-West would say that Jonathan like any other head of state in a
democratic system is aware that government is merely a trustee for the
people to whom sovereignty belong.

Written by
Odimegwu Onwumere
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1 comment
  • Your piece makes it clear that you have a lot of confidence in the ability of Tam David-West. While there is nothing wrong with that, I believe it is unhealthy for you to use that confidence in undermining Okonjo Iweala’s own ability.

    I don’t quite understand what the issue is between those two. But the kind of public campaign of calumny that the Professor has been waging against the Madame is unhelpful.

    Why in the world would the Professor use “British standard” in assessing the Madame’s academic qualifications and then concludes she’s not all that? Is British educational standard of today some sort of gold standard?

    And what could possibly be wrong with ambition on the part of Okonjo-Iweala? So wrong that the professor was publicly wishing she fail in her ambition? Could the Professor be jealous? Or is it possible that the Professor wants the Madame to resign her position as our Nation’s Finance Minister, because he is wary she might discover the extent of his involvement of the Petroleum Trust Fund scandal?

    Like the Professor we too can speculate!