It all began with a man called Sunday Iwalaiye who put up an online petition on change.org calling on all Nigerians to sign the petition to Yale University to withdraw the Honorary degree conferred on Nigeria’s Minister of Finance, Ngozi Okonjo-Iweala.
The petition states, “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
“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 $20bn 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.”
Within the first 24hrs of posting this, Mr. Iwalaiye hd 2500 co-signatories to the petition.