Peter Obi is not just intellectually deficient - all bombastic and no substance - he is also poor with figures.

Here are 7 notorious claims which he made during the Vice Presidential Debate which are outright FALSE!


1. CLAIM BY PETER OBI: There are about two million vehicles in Nigeria.

FACT: False. According to the National Bureau of Statistics (NBS), Nigeria has a total vehicle population of about 11,547,236 as at the third quarter of 2017. The number of cars in the South West axis alone is far more than 2 Million.

2. CLAIM BY PETER OBI: African trade today is less than 9 percent.

FACT: False. According to Afriexim Bank, Intra-Africa trade is around 15 percent. In 2016, intra-African exports made up 18 percent of total exports according to Brookings Institution.

3. CLAIM BY PETER OBI: Oil gives you 80% of foreign exchange earnings.

FACT: False. As at 2017 NBS figures showed that Nigeria’s foreign exchange earnings from oil the oil sector stood above 90%.

4. CLAIM BY PETER OBI: Total loans from the banks in Nigeria is N19trn and only 0.5% goes to SMEs

FACT: FALSE. According to the Central Bank of Nigeria’s (CBN) money and credit statistics, banking sector credit to private increased to N22.72 trillion at the end of October 2018, compared with N22.56 trillion it stood at the end of September 2018.

5. CLAIM BY PETER OBI: Apple Inc’s market cap is bigger than the economies of Nigeria, South Africa and Egypt.

FACT: This is not true. Apple’s market cap today is $788.57 billion. The economies of these three countries are bigger than Apple.


6. CLAIM BY PETER OBI: Nigeria has fallen on the global competitive index from 124 to 127.

FACT: False. According to the latest (2018) World Economic Forum report, Nigeria rose on the index by 10 places. Obi’s claim was true in 2016.

7. CLAIM BY PETER OBI: The number of people living in poverty has grown by 6% every minute.

FACT: If this wild assertion were to be expounded, according to Peter Obi 6% of Nigeria’s population at 180 Million people, that is 10,800,000 people, become poor every minute. That means before the debate ended - an hour after he made that assertion - 648,000,000 persons had become poorer. (That is more than 3 times the population of Nigeria.) And by the next day, 15,552,000,000 - over 15 billion - people would have been poorer. That is about two times the world’s population.


Asides cooking up figures, Peter Obi must also be good at creating poverty.

so you are Atikulating

https://www.youtube.com/watch?v=TW_R1NDdsRw

The no. 3 claim by you even shows that Mr. obi was being benevolent with the truth.

No 4 and 7 lies is so annoying.

Didn't bother to read it.

Instead of disturbing urself with what Obi said or didn't say, address the elephant in the room and tell us why Mr President want to "Japa" on the day of the debate.

mycar:
The no. 3 claim by you even shows that Mr. obi was being benevolent with the truth.

op wanted to write 70%,

No 4 and 7 is enough to make buhari life president

Frankonuche:

Peter Obi is not just intellectually deficient - all bombastic and no substance - he is also poor with figures.

Here are 7 notorious claims which he made during the Vice Presidential Debate which are outright FALSE!


1. CLAIM BY PETER OBI: There are about two million vehicles in Nigeria.

FACT: False. According to the National Bureau of Statistics (NBS), Nigeria has a total vehicle population of about 11,547,236 as at the third quarter of 2017. The number of cars in the South West axis alone is far more than 2 Million.

2. CLAIM BY PETER OBI: African trade today is less than 9 percent.

FACT: False. According to Afriexim Bank, Intra-Africa trade is around 15 percent. In 2016, intra-African exports made up 18 percent of total exports according to Brookings Institution.

3. CLAIM BY PETER OBI: Oil gives you 80% of foreign exchange earnings.

FACT: False. As at 2017 NBS figures showed that Nigeria’s foreign exchange earnings from oil the oil sector stood above 90%.

4. CLAIM BY PETER OBI: Total loans from the banks in Nigeria is N19trn and only 0.5% goes to SMEs

FACT: FALSE. According to the Central Bank of Nigeria’s (CBN) money and credit statistics, banking sector credit to private increased to N22.72 trillion at the end of October 2018, compared with N22.56 trillion it stood at the end of September 2018.

5. CLAIM BY PETER OBI: Apple Inc’s market cap is bigger than the economies of Nigeria, South Africa and Egypt.

FACT: This is not true. Apple’s market cap today is $788.57 billion. The economies of these three countries are bigger than Apple.


6. CLAIM BY PETER OBI: Nigeria has fallen on the global competitive index from 124 to 127.

FACT: False. According to the latest (2018) World Economic Forum report, Nigeria rose on the index by 10 places. Obi’s claim was true in 2016.

7. CLAIM BY PETER OBI: The number of people living in poverty has grown by 6% every minute.

FACT: If this wild assertion were to be expounded, according to Peter Obi 6% of Nigeria’s population at 180 Million people, that is 10,800,000 people, become poor every minute. That means before the debate ended - an hour after he made that assertion - 648,000,000 persons had become poorer. (That is more than 3 times the population of Nigeria.) And by the next day, 15,552,000,000 - over 15 billion - people would have been poorer. That is about two times the world’s population.


Asides cooking up figures, Peter Obi must also be good at creating poverty.

Oladimeji Olumide Add Friend
“Peter Obi said 6% of 180million Nigerians goes into extreme poverty every minute, then we all should be in extreme poverty in less than one hour.
6% of 180million is 10.8million.
If 10.8million slips into poverty every minute, it will take just 17mins , for the entire 180million to slip into extreme poverty.”

as copied

[quote author=Frankonuche post=73907404]
Peter Obi is not just intellectually deficient - all bombastic and no substance - he is also poor with figures.

Here are 7 notorious claims which he made during the Vice Presidential Debate which are outright FALSE!


1. CLAIM BY PETER OBI: There are about two million vehicles in Nigeria.

FACT: False. According to the National Bureau of Statistics (NBS), Nigeria has a total vehicle population of about 11,547,236 as at the third quarter of 2017. The number of cars in the South West axis alone is far more than 2 Million.

Sorry bros, Peter Obi spoke of cars not vehicles, you are the person postulating about vehicles. In case you do not know motorbikes, tricycles and even motorised carts are vehicles. About 50% of 11.5 M you bandy around are private vehicles, of which cars are a subset. About 50% of private vehicles are cars so Peter Obi is very correct.


2. CLAIM BY PETER OBI: African trade today is less than 9 percent.

FACT: False. According to Afriexim Bank, Intra-Africa trade is around 15 percent. In 2016, intra-African exports made up 18 percent of total exports according to Brookings Institution.

3. CLAIM BY PETER OBI: Oil gives you 80% of foreign exchange earnings.

FACT: False. As at 2017 NBS figures showed that Nigeria’s foreign exchange earnings from oil the oil sector stood above 90%.
So according to you, its even worse than he said it is?

4. CLAIM BY PETER OBI: Total loans from the banks in Nigeria is N19trn and only 0.5% goes to SMEs

FACT: FALSE. According to the Central Bank of Nigeria’s (CBN) money and credit statistics, banking sector credit to private increased to N22.72 trillion at the end of October 2018, compared with N22.56 trillion it stood at the end of September 2018.

So what percentage of it goes to SMEs? Let me guess, you have no idea since you totally missed his point just like the VP Osibanjo who left the issue raised about improving manufacturing through SMEs and was talking of giving free money to petty traders to trade goods being imported. Importance of SMEs is grass root production, hence you need to ensure they have access to loans if your manufacturing will grow

5. CLAIM BY PETER OBI: Apple Inc’s market cap is bigger than the economies of Nigeria, South Africa and Egypt.

FACT: This is not true. Apple’s market cap today is $788.57 billion. The economies of these three countries are bigger than Apple.

Stop writing crap, Apple MKT Capt. today is 785 billion USD, Nigeria 2017 GDP was 376 billion USD. Apple is bigger than Nigerian economy. .


6. CLAIM BY PETER OBI: Nigeria has fallen on the global competitive index from 124 to 127.

FACT: False. According to the latest (2018) World Economic Forum report, Nigeria rose on the index by 10 places. Obi’s claim was true in 2016.

Obi's claim is true, except that up to two months ago, October to be precise. When the 2018 index was published. So he probably has not seen the new publication.that's nothing to be giving yourself high BP over, after all many of you were not aware that BRIC has just been renamed BRIMCK, with Mexico and Korea added.


7. CLAIM BY PETER OBI: The number of people living in poverty has grown by 6% every minute.

what a coincidence that Nigeria's poverty rate grows by about 6% annually. Normal innocent mistake under debate condition, saying minute instead of annual.


FACT: If this wild assertion were to be expounded, according to Peter Obi 6% of Nigeria’s population at 180 Million people, that is 10,800,000 people, become poor every minute. That means before the debate ended - an hour after he made that assertion - 648,000,000 persons had become poorer. (That is more than 3 times the population of Nigeria.) And by the next day, 15,552,000,000 - over 15 billion - people would have been poorer. That is about two times the world’s population.


Asides cooking up figures, Peter Obi must also be good at creating poverty.

I think you are very good at poor comprehension, and nefarious interpretations
/quote]

[s]

Frankonuche:

Peter Obi is not just intellectually deficient - all bombastic and no substance - he is also poor with figures.

Here are 7 notorious claims which he made during the Vice Presidential Debate which are outright FALSE!


1. CLAIM BY PETER OBI: There are about two million vehicles in Nigeria.

FACT: False. According to the National Bureau of Statistics (NBS), Nigeria has a total vehicle population of about 11,547,236 as at the third quarter of 2017. The number of cars in the South West axis alone is far more than 2 Million.

2. CLAIM BY PETER OBI: African trade today is less than 9 percent.

FACT: False. According to Afriexim Bank, Intra-Africa trade is around 15 percent. In 2016, intra-African exports made up 18 percent of total exports according to Brookings Institution.

3. CLAIM BY PETER OBI: Oil gives you 80% of foreign exchange earnings.

FACT: False. As at 2017 NBS figures showed that Nigeria’s foreign exchange earnings from oil the oil sector stood above 90%.

4. CLAIM BY PETER OBI: Total loans from the banks in Nigeria is N19trn and only 0.5% goes to SMEs

FACT: FALSE. According to the Central Bank of Nigeria’s (CBN) money and credit statistics, banking sector credit to private increased to N22.72 trillion at the end of October 2018, compared with N22.56 trillion it stood at the end of September 2018.

5. CLAIM BY PETER OBI: Apple Inc’s market cap is bigger than the economies of Nigeria, South Africa and Egypt.

FACT: This is not true. Apple’s market cap today is $788.57 billion. The economies of these three countries are bigger than Apple.


6. CLAIM BY PETER OBI: Nigeria has fallen on the global competitive index from 124 to 127.

FACT: False. According to the latest (2018) World Economic Forum report, Nigeria rose on the index by 10 places. Obi’s claim was true in 2016.

7. CLAIM BY PETER OBI: The number of people living in poverty has grown by 6% every minute.

FACT: If this wild assertion were to be expounded, according to Peter Obi 6% of Nigeria’s population at 180 Million people, that is 10,800,000 people, become poor every minute. That means before the debate ended - an hour after he made that assertion - 648,000,000 persons had become poorer. (That is more than 3 times the population of Nigeria.) And by the next day, 15,552,000,000 - over 15 billion - people would have been poorer. That is about two times the world’s population.


Asides cooking up figures, Peter Obi must also be good at creating poverty.

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