A colleague, who worked with Finance Minister Kemi Adeosun in a consortium in early 2000s Nigeria, has given a less than ringing endorsement of her economic competencies.
London-born Adeosun read economics at the University of East London and then qualified as a chartered accountant. She moved to Nigeria in the early 2000s, when she worked in a consortium known as DSPLS (Development Shares Purchase Loans Scheme). One of her colleagues then informed Naijiant.com that Adeosun’s comfort zone was project management and “she had no clue about economics”.
This inadequacy didn’t seem to be much of a hindrance as Adeosun exploited her connections with the influential Wale Edun, a former Commissioner for Finance in Lagos State, and Ibikunle Amosun, the Ogun State governor to climb the greasy pole to the top. Adeosun worked at Chapel Hill Denham Management with Edun who recommended her to Amosun as Finance Commissioner in Ogun State in 2011. Amosun then pushed her forward for the finance ministry after Muhammadu Buhari became president last year – even though Bola Tinubu, the former governor of Lagos State put Edun’s name forward for the job. Amosun and Tinubu don’t reportedly see eye to eye.
Adeosun’s former colleague insisted to Naijiant.com that she got the job as Nigeria’s economy supremo “because of politics” and she shouldn’t have been in the “A Team” of economic experts. This was because she “had no clout, no initiative” and was “not humble enough to accept she doesn’t know”.
She is said to have surrounded herself with “economics professors” but this is of no use because she is very insecure and hardly listens to advice. She reacts negatively to expert opinion, usually challenging underlings with questions such as “are you teaching me, do you think I don’t know this?”
Despite the bravado, the former colleague insists that there is so much “she doesn’t know about macro and microeconomics” and it is no surprise that she “is not cutting it” as finance minister.