Ngozi Okonjo-Iweala: How to help Africa? Do business there
www.ted.com Negative images of Africa dominate the news famine and disease, conflict and corruption. But Ngozi Okonjo-Iweala, the former Finance Minister of Nigeria and now a director of the World Bank, says there’s a less-told story unfolding in many African nations: one of reform, economic growth and business opportunity. Cracking down on corruption — and the perception of corruption — will be the key to its success. She tells how high-ranking Nigerian officials taking money illicitly have been jailed, and how citizens and prospective business partners are getting at least a partial picture now of where money flows.
Posted: February 27th, 2010 under Business.
Tags: Africa, Business, HELP, Ngozi, OkonjoIweala, there
Comments
Comment from Arxces
Time February 27, 2010 at 5:35 pm
China is really taking this advice to heart. Even now the Chinese government is investing heavily in the African oil and minerals sector, using their expertise to help African countries upgrade their infrastructure (roads, electricity, pipelines etc.), and providing cheap capital for African countries to exploit and grow, thereby making many friends and allies in the process. China is helping them grow, gaining strong geopolitical influence and privileged access to growing markets.
Comment from TheInvaderBN
Time February 27, 2010 at 6:05 pm
Sorry Mrs Ngozi, you’re well educated, but Nigeria is a s***hole. The corruption is deeper than a black hole. Maybe, just maybe, if Nigeria started with something as little as (um… i don’t know) STABLE ELECTRICITY???
I don’t know how a nation is meant to develop, let alone tackle corruption if the electricity is constantly being switched off on random daily basis. Start with a stable power supply and then i’ll take you seriously.
Comment from XxXxINSIGHTxXxX
Time February 27, 2010 at 6:55 pm
The Africa of put the white man out and let the chinese in and embrace the muslim and now they want some chinese out and the muslims are slaughtering the black africans and as always the rich forget the poor that is world wide
Comment from MoolahMogul1
Time February 27, 2010 at 7:55 pm
chinnyization, you have brashfully expressed your thoughts (and I dare say without proper reason). I agree with Bladen12345 that your argument is very weak. You obviously have misunderstood Ngozi; she is making a point on the power of foreign direct investment. I am sure that she pointed out that african governments have their failings, but her aim is to illustrate the wisdom of higher FDI as a better means of aiding africa as opposed to ‘Charity Aid’.
Comment from chinnyization
Time February 27, 2010 at 8:32 pm
You have just proven my point.Two sentences to show that you have nothing more useful to say and I suppose this discussion ended when I said BYE Earlier.Wishing you Goodluck and hope you somehow get out of your IGNORANCE,DENIAL,ARROGANCE,AND SELF HATE.I STAND BY MY OPINION,NIGERIAN GOVT.OUGHT TO DO MORE!!! IF THAT ANNOYS YOU WELL GET OVER IT AND STOP PRETENDING THAT THEY ARE DOING ENOUGH.I STRONGLY SUGGEST YOU FIND A LIBRARY AND EDUCATE YOURSELF A LITTLE MORE.SINCE BUYING BOOKS MAYBE EXPENSIVE.
Comment from Bladen12345
Time February 27, 2010 at 9:09 pm
You’re an idiot.
Shut up and get out.
Comment from chinnyization
Time February 27, 2010 at 10:00 pm
My reasoning may hold very little significance on HERE,but at least people like you are reading it.Whatever you may think might be better, doesn’t change the fact the TALK IS CHEAP!!! I LOVE NGOZI FOR WHAT SHE STANDS FOR,BUT IF SHE REALLY IS DIFFERENT FROM ALL THE OTHER CROOKS THERE HAS TO BE SOME OBVIOUS RESULTS FOR WHAT SHE STANDS FOR!WE DON’T NEED ANY MORE TALKS,and I don’t need anymore talks with you,SINCE YOU SEEM NOT TO REALIZE THAT ANY TALK WITH NO RESULT IS OBVIOUSLY CHEAP.GOODLUCK & BYE
Comment from Bladen12345
Time February 27, 2010 at 10:49 pm
Your reasoning is fairly weak. Ngozi explained it well and I think a lot of people understand, because I sure did.
What you need to come to terms with is that your views hold extremely little significance here.
Comment from chinnyization
Time February 27, 2010 at 10:53 pm
I use the key board so that NARROW MINDED PEOPLE like you will understand the efforts people like me have made.We are refused support because we haven’t got enough connection.SHAME ON YOU For saying I use the Keyboard,and If you are in the Government I don’t really care which African, European or Western,You should really START USING YOUR PROUD BRAIN TO UNDERSTAND THAT ALL THE COMPETITION IN EUROPE AND THE WESTERN WORLD WILL NOT JUST BE GIVEN TO IGNORANT HARDWORKERS.NIGERIANS NEED SUPPORT!period
Comment from Bladen12345
Time February 27, 2010 at 11:15 pm
Talking about it on YouTube solves nothing.
Clearly, you don’t really care, that’s why you’re not willing to get money, job, scholarships etc to further support the financial “fight”.
Instead you use the keyboard as weapon to promote your views where no one’s gonna give a damn about what you have to say.
Comment from chinnyization
Time February 28, 2010 at 12:06 am
FOR PEOPLE WHO JUST SAY GET UP AND DO SOMETHING,DON’T FORGET THE PEOPLE NEED FINANCIAL SUPPORT,RELIABLE JOBS,ELECTRICITY,SCHOLARSHIPS!RESPONSIBLE GOVERNANCE,GOOD EDUCATION e.t.c,SO NEXT TIME YOU JUST OPEN YOUR WIDE MOUTH AND SAY GO OUT AND MAKE A DIFFERENCE KNOW THAT MANY PEOPLE HAVE ALREADY GONE OUT TO MAKE A DIFFERENCE BUT ITS USELESS ,NIGERIAN CITIZENS NEED FINANCIAL SUPPORT FROM THE GOVERNMENT TO START A LIFE NOT STONES IN THEIR POCKETS LOOK AT EUROPE THEY TAKE CARE OF THEIR OWN.USE UR BRAIN
Comment from chinnyization
Time February 28, 2010 at 1:01 am
FOR PEOPLE WHO CRY OUT GO OUT AND DO SOMETHING,DON’T FORGET PEOPLE DO NOT START THEIR LIVES WITH STONES IN THEIR POCKETS!THEY NEED MONEY!,JOBS!,SCHOLARSHIPS!So when you IGNORANTLY SCREAM GET UP AND DO SOMETHING REMEMBER PEOPLE ACCOMPLISH THINGS WITH FINANCIAL SUPPORT AND THAT IS THE RESPONSIBILITY OF AN ELECTED GOVERNMENT,TO SUPPORT THEIR PEOPLE FINANCIALLY.NOT TELLING US TO MAGICALLY GO AND DO SOMETHING ABOUT OUR SITUATION.SHAMELESS GOVERNMENT.EUROPE SUPPORT THEIR CITIZENS AND THEY GROW!!!!
Comment from Bladen12345
Time February 28, 2010 at 1:30 am
Caps locking your views will do nothing.
If you’re truly concerned, go out there and try to make a difference.
Otherwise… shut up.
Comment from NkrumahsFootsteps
Time February 28, 2010 at 2:24 am
I have to commend this wonderful lady for bringing up the role of the swiss/western bankers. They never seem to be included in the debate of “african corruption.
These crooks (african leaders) are hiding their stolen loot with the other crooks (Western bankers). Thank you Ms Ngozi- Iweala.
Comment from johnorafa
Time February 28, 2010 at 2:53 am
Common sense isnt a common thing and that is why ignorance still thrives especially with people that know nothing about us.Its encouraging to know even though the world is not ready to see it, that the Nigerian people have taken the destiny we share into our hands and are making a head way.Those who hear us sing and hear nusery rhymes miss our songs of survival, those that see the lines in our hands as lines drawn by our idle forefathers miss the beauty in our palmistry.We’re one,and are rising
Comment from akinbambo
Time February 28, 2010 at 3:08 am
Excellent Video.
Comment from chinnyization
Time February 28, 2010 at 3:16 am
NIGERIAN GOVERNMENT PLEASE TRY AND RESPECT YOUR CITIZENS AND STOP MAKING US GO THROUGH SHAME GENERATIONS AFTER GENERATIONS.The NIGERIAN PEOPLE HAVE SUFFERED ENOUGH FROM YOUR REALLY STUPID ETRAVAGANCES.PROVIDE FOR THE PEOPLE!PROVIDE FOR THE PEOPLE!NIGERIAN GOVERNMENT TAKE CARE OF YOUR PEOPLE.GIVE US A LIFE WE DESERVE!!!TAKE AWAY SHAME FROM OUR FACES AT HOME AND ABROAD.BUILD FACTORIES AND PROVIDE EMPLOYMENT.FIX OUR ELECTRICITY PROBLEM,A GREAT NATION IN DARKNESS!NIGERIAN PEOPLE ARE ALREADY ASHAMED
Comment from achachris
Time February 28, 2010 at 3:44 am
Very great woman. We need more of you. great speech. Nigeria for life.
Comment from turquoiseluvr1
Time February 28, 2010 at 4:12 am
those transgressions. this is 2009 — lets be civil and respect those who make the world such a beautiful, dynamic, and diverse place.
Comment from turquoiseluvr1
Time February 28, 2010 at 4:59 am
i cant believe how shallow minded many of the people commenting on this video are. here we have an intelligent and powerful nigerian women enlightening foreigners about the economic beauty and potential for prosperity that is africa, and all you guys can do is bring up racist ignorant remarks? can you open your eyes and ears for just a moment? it is a shame the legacy that slavery and european colonialism has today, and im a particularly embarrassed as a human being that we cannot move beyond
Comment from mikeemeka1111
Time February 28, 2010 at 5:00 am
Mr Cannibal, You must be one of the most stupid animals if you thought that email was actually from her.
Comment from Cannibalzz
Time February 28, 2010 at 5:50 am
I got an email from this woman telling me she was going to transfer a million dollars into my checking account if I gave her my account number
Comment from sisyphusorianus9787
Time February 28, 2010 at 6:30 am
How can we be sure that Nigerian business partners (contractors even) won’t swindle the fledgling Nigerian consumer industries (or gov’t)? Circumstances have changed since Africa first dealt with the occidental world, but the dangers of exploitation still reside.
Comment from Biafrans7
Time February 28, 2010 at 6:34 am
Cozmikzen, I commend your condemnation of both because their intents are immoral. Yes, you may not have done anything to an African and we know that many Euro-americans did not. We take that into account. But you are an inadvertent partaker of the privileges, institutionalized racial inequities in American that was bequeathed as legacy through those centuries. I believe you are corrected for blaming one and exonerating the other. In the final analysis all human blood is one. We hate not. Chill.
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Comment from justwanna007
Time February 27, 2010 at 4:39 pm
Well Said!!