Chairman of the ruling Sierra Leone Peoples Party North America (SLPPNA) branch, Mohamed Bah has at their party 2019 regional convention spoke greatly on the successes he has scored exactly one year since he took the mantle of leadership.
Former All Peoples Congress Party Government (APC) Minister of Social Welfare, Gender and Children’s Affairs Dr. Sylvia Olayinka Blyden has referred to the current Sierra Leone Peoples Party Government (SLPP) Minister of Finance Jacob Jusu Saffa as a “flippant speaker.”
The APC strongwoman who is currently outside the country made this statement in a social media dispatch over the weekend when she was reacting to an arrogant statement made by the country’s Finance Minister during a local radio interview in which the Finance Minister said in our native Krio that Sierra Leoneans normally “labo way den don belleful”. This statement in English means “talkative after been well-fed”.
Responding to ‘the bread and butter’ issue in Sierra Leone, which relate to the hardship of the economy on the poor Sierra Leoneans, the Minister of Finance in another interview at the state owned Sierra Leone Broadcasting Coorporation (SLBC) Good Morning Coffee Programme said “the bread and the butter nor day na Ministry of Finance. The bread and the butter is in the Ministry of Agriculture, Ministry of Trade, Ministry of Tourism, Ministry of Construction Works, Ministry of Mines...” Minister Saffa added that “People can buy mayonnaise even for their bread if they don't want butter. If they want they can put sausage in their bread as well..."
Against this backdrop, several other politicians from both the main opposition APC Party and the National Grand Coalition (NGC) have reacted to the statement of the Finance Minister. The former Gender Affairs Minister Dr. Sylvia O. Blyden said “people knew J.J. Saffa was flippant. They also knew what H.E. President Bio’s previous tenure in NPRC Junta yielded this country and yet, certain Sierra Leoneans still believed the likes of Hon. J.J. and H.E. Bio could effectively govern us. Those are the ones who are disappointed.”
Dr. Blyden added, “as for flippant utterances of the Minister, well I have known J.J. Saffa for some 15 years now since he worked at the local World Bank office. He has always been a flippant speaker,” ending that “I am certainly not disappointed over the ‘labo way den don bellehful’ comments as I expected nothing more.”
Meanwhile, in an interview conducted by the Sierra Leone Telegraph Online Newspaper, the 2018 Presidential candidate of NGC Alhaji Dr. Kandeh Kolleh Yumkella whilst deliberating on the current state of Sierra Leone economy said “success in economic management is ultimately measured by GDP growth rate, inflation, interest rates, jobs and the exchange rate, among other variables. Ok, maybe you can go further to consider the social or developmental or welfare impact of these variables on poverty, health, education. So the minister’s, and by extension the government’s, performance in managing the country’s economy must be assessed against these variables and not just their rhetorical flourishes.”
As a result, NGC Alhaji Dr. Kandeh Kolleh Yumkella said “macroeconomic fundamentals can be very stubborn and they cannot be fooled by good intentions and propaganda.”
Meanwhile, we publish below a verbatim of the social media statement of Dr. Sylvia O. Blyden and the Sierra Leone Telegraph interview with Alhaji Dr. Kandeh Kolleh Yumkella
FINANCE MINISTER J.J. SAFFA CANNOT BE BLAMED; HYPOCRISY IS TO BLAME!
By Dr. Sylvia Olayinka Blyden OOR (A Member of the APC)
Our Economy problem is bigger than J.J. Saffa and bigger than all financial actors in governing SLPP regime. Even if heavenly Angels serve as next Finance Minister, next Financial Secretary and next Bank Governor, the financial problems will continue until Sierra Leoneans stop the hypocritical refusal to acknowledge the fantastic work that Former President Ernest Koroma and his APC-led Government did with the Sierra Leone Economy.
The wonderful astronomical growth of our Economy, stimulated by Koroma’s leadership style, was sadly affected negatively by the sudden twin shocks of Ebola Crisis and Iron Ore price drop between 2014 to 2016! Our Economy has never recovered but we are still carrying out huge expenditure that is not realistic of a still-constricting Economy.
As for flippant utterances of the Minister, well I have known J.J. Saffa for some 15 years now since he worked at the local World Bank office. He has always been a flippant speaker.
People knew J.J. Saffa was flippant. They also knew what H.E. President Bio’s previous tenure in NPRC Junta yielded this country and yet, certain Sierra Leoneans still believed the likes of Hon. JJ and H.E. Bio could effectively govern us. Those are the ones who are disappointed.
I am certainly not disappointed over the ‘labo way den don belleful’ comments as I expected nothing more.
My own source of umbrage is because we are refusing to end the hypocrisy. Let us accept the Koroma-inspired Economy is constricting itself. Let’s adjust our expenditure accordingly. Let’s end Hypocrisy and start Honest introspection.
© Dr. Sylvia Olayinka Blyden OOR
What direction Sierra Leone’s economy? Dr Kandeh Yumkella speaks out
Sierra Leone’s Finance Minister – JJ Saffa, was at the studios of Radio Democracy 98.1 last Monday. By all indications, his performance during a live interview did not offer Sierra Leoneans much hope for an improvement in their economic wellbeing, as rising food prices and the rapid fall of the value of the Leone take their toll.
The interview left many labelling Saffa as “arrogant”, “condescending” and “insensitive” to the plight of the suffering masses – the same people he was appointed to work for, on behalf of the Julius Maada Bio administration.
On a previously scheduled call I had with Hon. Kandeh Yumkella (KKY), I took the opportunity to ask him about the state of the economy, given that I had just listened to Minister Saffa’s interview.
This is what he said:
Question: The common topic of discussion for Sierra Leoneans at home and abroad is about the economy and the “Bread and Butter” issues. What is your view about our economy?
KKY: Well, macroeconomic fundamentals can be very stubborn and they cannot be fooled by good intentions and propaganda.
Question: What do you mean? Help the man at the Ataya Base and the market woman along Kissy Road understand your response.
KKY: That is to say, success in economic management is ultimately measured by GDP growth rate, inflation, interest rates, jobs and the exchange rate, among other variables. Ok, maybe you can go further to consider the social or developmental or welfare impact of these variables on poverty, health, education.
So the minister’s, and by extension the government’s, performance in managing the country’s economy must be assessed against these variables and not just their rhetorical flourishes.
Question: So how would you frame the debate on the economy?
KKY: The debate on the economy today should examine how the indicators I mentioned earlier changed? Remember, I talked a few minutes ago about exchange rates, interest rates, jobs
Thus, during the period 2017-2019, have the indicators changed for the better, or have they remained stagnant? Have they gotten worse? For now, all indicators tell us that the economy is in deep trouble.
The fact is, we witness the catastrophic depreciation of the Leone due to the absence of any export activities in the country, high inflation, high taxation of the private sector, and more importantly, the absence or paucity of foreign investment due to the unstable and risky governance environment.
It is not too late for the government to take a deep breath, recalibrate, and do a course correction.
Question: There is a lot of talk about the revenue being generated today under the Bio administration compared to President Koroma’s. That was one of the things the minister tried strenuously to stress during his interview. Does that not factor in the state of the economy?
KKY: Well, revenue collection is a necessary condition, but it is what we do with the money we collect that matters. Economies are similar to our household budget; if you receive a high salary every month but you spend it on jingoism and hedonism instead of investments, you will be poor in your old age.
Economies are the same, raising revenue and spending on the wrong things, without deep structural and institutional reforms, will simply postpone the crisis for a bigger meltdown in the future. It is like putting new wine in old wine skin.
Question: Is the New Direction economic management different from what you aptly referred to as “Rankanomics”?
KKY: (laughs) Without a doubt, a NEW Direction was and is NECESSARY! However, we expect the current regime by now to put us in the right pathway to growth. The question then, becomes, in which direction are we heading? Are we on the RIGHT direction/trajectory?
Question: Where do you think they are getting it wrong?
KKY: The managers of the economy have basically maintained all the structures left by the previous regime. I am yet to see radical shifts from business as usual. For example, the wage bill has not reduced. In some sectors there is over-hiring and huge expenditures in other areas, and the same parastatals and agencies exist.
Furthermore, still over 80% of our revenues go towards wages and debt payment and this must change. This fiscal capture or overhang trumps all the efforts at enhanced revenue collection.
Question: What would you advise President Bio to do?
KKY: a couple of things: first, appoint a 15 member Council of Economic Advisers (CEA) – on a PRO-BONO basis comprising of businessmen, some bankers, former credible bank governors and former Sierra Leonean IMF staff to hammer out his own economic blue-print. Past leaders in Malaysia, Singapore among others have maintained such an advisory group during their tenure.
This same group can monitor implementation of the president’s economic agenda which should be aligned with private sector aspirations and investment plans.
More importantly, they will give him sound apolitical advice rather than just what he, the president, wants to hear. Second, end inflated procurement and government contracts. Third, aggressively lower the cost of doing business by making it easy to clear goods at the port and lower some import duty and private sector taxes. We need deeper changes in the productive sectors – agriculture, fisheries, mining, etc.
Question: Even before his interview, there have been calls from the public for Finance Minister and the Bank Governor – Kelfalla Kallon to be replaced. Your thoughts?
KKY: I think that question should be addressed to the President. However, don’t forget that it is the President’s prerogative to hire and fire those appointed to serve in his administration. It is the President’s prerogative to hire competent people to help him run his administration so every Sierra Leone can benefit from his stewardship. It is the president’s responsibility to seek the best untainted advice, beyond his immediate circle.
Question: As an MP, have you discussed these concerns over economic management with the government?
KKY: The locus of my discussion with government has been Parliament. But our concerns as MPs or as an opposition are always ignored. If you go to our first budget debate, I raised strong concerns about frivolous spending, and the danger of “jobs for the boys”. I called for rationalization of institutions and more aggressive fiscal consolidation.
The tendency in our country is that ruling parties acquire hubris immediately they are in power (they suddenly seem to know-it-all and damn every other point of view). Another example is that as a party the NGC went to Bintumani-III as a genuine attempt to promote social cohesion. But after that event we have seen the rise in selective justice; we see an increase in political violence and other actions that will cause investors to be cautious about bringing money to the country.
As we head into three bye elections over the next few weeks, we are concerned about the trend in political violence and whether our people will be allowed to exercise their right to vote. If these bye elections are marked by violence, intimidation and fraud, then the world will know that this is not a country where the rule of law, property rights and good governance prevail.
Sometimes I even wonder whether the Sierra Leonean people want genuine change. The deep seated Pull-him-Down syndrome, Do-me-ah-Do-you Syndrome, and Nah-We-Turn Syndrome will make economic management very challenging.
Question: What is your take on the recent floods?
KKY: First, our thoughts and prayers are with the victims. It is a sad spectacle every time.
We hope the impact of climate change will be taken seriously.
This nation still exports massive amounts of lumber in spite of all the expert advice of uncontrolled deforestation. I myself did an article and a video on the latter last year. The Speaker of Parliament hosted a briefing to enlighten members about the long term impacts of deforestation. The recent episodes of flooding in Freetown shows that we are putting bandages on a bad sore.
The Mayor is trying her best efforts; this has to be backed up with bigger public investment to direct the flow of water from the hills to the sea (via ducts); we must move some folks from various disaster-prone areas.
Building climate resilience for infrastructure, agriculture and other development projects is expensive. However, there are many climate funds to help countries undertake such projects. (END)
Many will say it is political propaganda which geared towards making their parties seen as the better option for Sierra Leone. However, what has been so shocking over the years is that the two leading political parties in the country- the ruling Sierra Leone Peoples Party (SLPP) and the main opposition All Peoples Congress (APC) have both never for once put the plight of our suffering masses into consideration whenever they take their actions.