In
2006, President Obasanjo met with the CEO of the New York Stock
Exchange in Davo, Switzerland and requested to ring the closing bell at
the NYSE. He cited instances with the economic reforms being pushed by
Dr. Iweala( whom 'our' governors wants sacked) and finally got a subtle
and tentative invite by the new CEO.
The NYSE uses its selection of bell ringers to make strategic statements about the direction of the exchange and its seen as a strong endorsement to potential investors all over the world .
On arrival for the ceremony , the NYSE told President Obasanjo that the request was not approved and that the President can come for a 'lunch', which is a lesser endorsement at the Stock Exchange. Characteristic of OBJ, he got infuriated and shunned the Lunch.
A few months earlier, three African Presidents have been lumped together to ring the closing bell at the exchange. They were the President of Liberia, Ellen Johnson-Sirleaf,
the President of Mozambique, Armando Guebuza and the President of Tanzania, Jakaya M. Kikwete.
Many African analysts saw this as a let down on Africa as many smaller European country's presidents had rung the closing bell alone.
The only African presidents that have ever rung the bell alone are Presidents of Botswana,(Botswana was the only African country them with an A+ credit rating from both Standards&Poors and Moody's ratings) Festus Mogae in 2005.
President Thabo Mbeki of South Africa which was an expression of confidence in the South African economy and President Chiluba of Zambia as a recognition of the reforms on the Zambian economy.
Not too long, we have heard various testimonies from global players on the success of the Jonathan run economy. From CNN Money listing of the Nigerian stock amongst the five strongest in the world, to the testimony of the British Prime minister in his address to his party faithful . From the Clinton Foundation's statement , to US President Obama's endorsement. From international rating agencies like Standard&Poors, Fitch etc, to global institutions like IMF and World bank with a recent upgrading of Nigeria from a low income economy to a middle income economy .
Yesterday's honoring of President Jonathan at the prestigious Bell ringing event at the NYSE is the greatest advert for the robustness of the Nigerian economy. It's a testimony to the world that despite the bitter bad press by disenchanted politicians at home, Nigeria is the next destination for global investors.
For those who make it an obsession to paint President Jonathan like a failure, by calling him names, no matter what name you give to a spoon of honey, the name will never change it's taste. Keep talking , while Mr. President is working.
The NYSE uses its selection of bell ringers to make strategic statements about the direction of the exchange and its seen as a strong endorsement to potential investors all over the world .
On arrival for the ceremony , the NYSE told President Obasanjo that the request was not approved and that the President can come for a 'lunch', which is a lesser endorsement at the Stock Exchange. Characteristic of OBJ, he got infuriated and shunned the Lunch.
A few months earlier, three African Presidents have been lumped together to ring the closing bell at the exchange. They were the President of Liberia, Ellen Johnson-Sirleaf,
the President of Mozambique, Armando Guebuza and the President of Tanzania, Jakaya M. Kikwete.
Many African analysts saw this as a let down on Africa as many smaller European country's presidents had rung the closing bell alone.
The only African presidents that have ever rung the bell alone are Presidents of Botswana,(Botswana was the only African country them with an A+ credit rating from both Standards&Poors and Moody's ratings) Festus Mogae in 2005.
President Thabo Mbeki of South Africa which was an expression of confidence in the South African economy and President Chiluba of Zambia as a recognition of the reforms on the Zambian economy.
Not too long, we have heard various testimonies from global players on the success of the Jonathan run economy. From CNN Money listing of the Nigerian stock amongst the five strongest in the world, to the testimony of the British Prime minister in his address to his party faithful . From the Clinton Foundation's statement , to US President Obama's endorsement. From international rating agencies like Standard&Poors, Fitch etc, to global institutions like IMF and World bank with a recent upgrading of Nigeria from a low income economy to a middle income economy .
Yesterday's honoring of President Jonathan at the prestigious Bell ringing event at the NYSE is the greatest advert for the robustness of the Nigerian economy. It's a testimony to the world that despite the bitter bad press by disenchanted politicians at home, Nigeria is the next destination for global investors.
For those who make it an obsession to paint President Jonathan like a failure, by calling him names, no matter what name you give to a spoon of honey, the name will never change it's taste. Keep talking , while Mr. President is working.
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