{"id":53789,"date":"2024-02-29T11:46:44","date_gmt":"2024-02-29T11:46:44","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests"},"modified":"2024-02-29T12:16:02","modified_gmt":"2024-02-29T12:16:02","slug":"oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests","title":{"rendered":"Oyet warns South Sudan faces \u2018economic trap\u2019 due to private interests"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Sudan. <\/strong><\/span>South Sudan\u2019s ongoing economic crisis is \u201cman-made\u201d and a result of \u201cstate capture\u201d, according to Oyet Nathaniel, First Deputy Speaker of the Transitional Parliament, and deputy chairman of the main opposition party.<\/p>\n<p>Oyet, in an opinion piece, blamed the crisis on the government\u2019s failure to balance public interest and the economic control exerted by certain individuals and groups. He described the economic situation as an \u201ceconomic trap\u201d where growth is hindered because those in power prioritize private gain over public services.<\/p>\n<p>\u201cThe prevailing economic situation is man made and self-inflicted. It is the failure to balance between the national interest of providing goods and services for the citizens and maintaining the state capture by private\/group individuals,\u201d he said.<\/p>\n<p>Oyet cited the government\u2019s inability to pay civil servants\u2019 salaries as a key example of this failure.<\/p>\n<p>\u201cThe US Dollars is controlled by individuals rather than by the government this is why the economy is experiencing a running inflation. From the lifting of crude oil to the use of the Dollar income, South Sudan has lost control over its valuable resources,\u201d Oyet wrote.<\/p>\n<p>\u201cThe so-called \u2018failure to execute the FY2023\/2024 budget satisfactorily\u2019 is the failure to balance this mutually exclusive relationship and interest between the state of South Sudan and private entrepreneurs. You cannot satisfy both masters. They are mutually exclusive. Given the scarce and inelastic resources,\u201d he added.<\/p>\n<p>Oyet asserts that the lack of control over resources, including oil revenue, has contributed to the economic crisis.<\/p>\n<p>He calculates South Sudan\u2019s potential revenue despite noting factors like oil pre-sales and debt servicing.<\/p>\n<p>\u201cThe idea that South Sudan lacks resources is fiction. With speculation for elections the situation is expected to worsen as most of the companies and individuals controlling the economy are directly or indirectly linked to the centre of decision making or influence in the country,\u201d he said.<\/p>\n<p>\u201cThere\u2019s an urgent need to mobilize resources and divert the same to finance electoral campaigns. The ministry of finance is the only available avenue to mobilize such resources,\u201d Oyet added.<\/p>\n<p>Oyet concludes by calling for a people-led constitutional process to restructure the government and decentralize power and resources away from these private groups.<\/p>\n<p>\u201cThe real issue is the management of the economy. The management is not by the Ministry of Finance but the invisible hands and companies that are embedded in the economy. This is how devastating state capture can be, just in one sector,\u201d he wrote.<\/p>\n<p>\u201cIt is imperative and a necessity that the people-led Permanent Constitution making process be implemented, to restructure the system of government, and resources control, define the nature of the state and assert the sovereignty of the people to take charge of their affairs,\u201d he said.<\/p>\n<p>\u201c2011, John Luk Constitution has led to a situation of over centralization of powers and resources in the central government leading to misappropriation of resources with impunity,\u201d he added.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/south-sudan\">South-Sudan<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Sudan. South Sudan\u2019s ongoing economic crisis is \u201cman-made\u201d and a result of \u201cstate capture\u201d, according to Oyet Nathaniel, First Deputy Speaker of the Transitional Parliament, and deputy chairman of the main opposition party. Oyet, in an opinion piece, blamed the crisis on the government\u2019s failure to balance public interest and the economic control [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":53788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,233],"class_list":["post-53789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Oyet warns South Sudan faces \u2018economic trap\u2019 due to private interests - South Sudan<\/title>\n<meta name=\"description\" content=\"South Sudan\u2019s ongoing economic crisis is \u201cman-made\u201d and a result of \u201cstate capture\u201d, according to Oyet Nathaniel, First ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oyet warns South Sudan faces \u2018economic trap\u2019 due to private interests\" \/>\n<meta property=\"og:description\" content=\"South Sudan\u2019s ongoing economic crisis is \u201cman-made\u201d and a result of \u201cstate capture\u201d, according to Oyet Nathaniel, First ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-29T11:46:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-29T12:16:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/02\/sm_1709196334.460313.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"541\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oyet warns South Sudan faces \u2018economic trap\u2019 due to private interests\",\"datePublished\":\"2024-02-29T11:46:44+00:00\",\"dateModified\":\"2024-02-29T12:16:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests\"},\"wordCount\":506,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/02\/sm_1709196334.460313.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests\",\"name\":\"Oyet warns South Sudan faces \u2018economic trap\u2019 due to private interests - South Sudan\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/02\/sm_1709196334.460313.jpg\",\"datePublished\":\"2024-02-29T11:46:44+00:00\",\"dateModified\":\"2024-02-29T12:16:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"South Sudan\u2019s ongoing economic crisis is \u201cman-made\u201d and a result of \u201cstate capture\u201d, according to Oyet Nathaniel, First ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/02\/sm_1709196334.460313.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/02\/sm_1709196334.460313.jpg\",\"width\":1024,\"height\":541,\"caption\":\"Oyet warns South Sudan faces \u2018economic trap\u2019 due to private interests\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-sudan\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oyet warns South Sudan faces \u2018economic trap\u2019 due to private interests\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/\",\"name\":\"South Sudan\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-sudan\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oyet warns South Sudan faces \u2018economic trap\u2019 due to private interests - South Sudan","description":"South Sudan\u2019s ongoing economic crisis is \u201cman-made\u201d and a result of \u201cstate capture\u201d, according to Oyet Nathaniel, First ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests","og_locale":"en_US","og_type":"article","og_title":"Oyet warns South Sudan faces \u2018economic trap\u2019 due to private interests","og_description":"South Sudan\u2019s ongoing economic crisis is \u201cman-made\u201d and a result of \u201cstate capture\u201d, according to Oyet Nathaniel, First ...","og_url":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests","og_site_name":"South Sudan","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-02-29T11:46:44+00:00","article_modified_time":"2024-02-29T12:16:02+00:00","og_image":[{"width":1024,"height":541,"url":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/02\/sm_1709196334.460313.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Oyet warns South Sudan faces \u2018economic trap\u2019 due to private interests","datePublished":"2024-02-29T11:46:44+00:00","dateModified":"2024-02-29T12:16:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests"},"wordCount":506,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/02\/sm_1709196334.460313.jpg","keywords":["Africa Press","Africa Press-South-Sudan","South-Sudan"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests","url":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests","name":"Oyet warns South Sudan faces \u2018economic trap\u2019 due to private interests - South Sudan","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/02\/sm_1709196334.460313.jpg","datePublished":"2024-02-29T11:46:44+00:00","dateModified":"2024-02-29T12:16:02+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"South Sudan\u2019s ongoing economic crisis is \u201cman-made\u201d and a result of \u201cstate capture\u201d, according to Oyet Nathaniel, First ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#primaryimage","url":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/02\/sm_1709196334.460313.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/02\/sm_1709196334.460313.jpg","width":1024,"height":541,"caption":"Oyet warns South Sudan faces \u2018economic trap\u2019 due to private interests"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/oyet-warns-south-sudan-faces-economic-trap-due-to-private-interests#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-sudan\/"},{"@type":"ListItem","position":2,"name":"Oyet warns South Sudan faces \u2018economic trap\u2019 due to private interests"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-sudan\/#website","url":"https:\/\/www.africa-press.net\/south-sudan\/","name":"South Sudan","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-sudan\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/posts\/53789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/comments?post=53789"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/posts\/53789\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/media\/53788"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/media?parent=53789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/categories?post=53789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/tags?post=53789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}