Height of inefficiency: Nigerian officials failed to do their homework before scheduling investors’ event

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Nigerian officials, who organized a meeting with potential international investors in the United States, failed to check the schedules of the minister of finance or the central bank governor before choosing the date and time.

The Central Bank Governor, Godwin Emiefele and the Finance Minister, Kemi Adeosun, were surprised their absence at the event, held at the Nigerian Embassy in Washington DC, triggered controversy and blame game when in reality the event was poorly and unprofessionally organized.

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The former Central Bank Governor, now Emir of Kano, Sanusi Lamido sanusi, rushed to blame those who failed to attend before asking for facts about the event. He created the false impression that those who came to represent Nigeria in Washington were partying instead of doing serious work.

At a press conference in Washington DC, Emiefele explained that he and the Finance Minister were attending a very important event at the World Bank and IMF Spring Meetings at the same time they were supposed to be meeting with foreign investors. Both events were starting almost at the same time with a time difference of 15 minutes and an area distance of 10 miles.

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They were not properly consulted, and there was no effort to find appropriate time for them to attend the meeting with investors. Emiefele said the clarification became necessary following the unnecessary controversy and blame game created in the Nigerian media.

Minister of Finance Adeosun is in Washington D.C .representing more than twenty African countries, and could not afford to miss the main events she flew into the United States to attend.

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Emiefele and Adeosun apologized on Sunday, but explained communication and organization were poor, if not unprofessional.

The Spring Meetings ended on Sunday, but Adeosun would remain in Washington D.C. on Monday for further meetings with potential investors, creditors and other financial resource persons.

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Simon Ateba
Simon Ateba
Simon Ateba covers the White House, the U.S. government, the International Monetary Fund, the World Bank and other financial and international institutions for Today News Africa in Washington D.C. Simon can be reached on simonateba@todaynewsafrica.com

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