Home > Government > ‘Ngige knows nothing about Economics’ – Peter Obi
‘Ngige knows nothing about Economics’ – Peter Obi
By Emeka Okonkwo on November 22, 2013
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Outgoing Anambra State Governor, Peter Obi has said he will not join issues with Dr. Chris Ngige over allegations that Anambra is heavily indebted to local and foreign banks.

Speaking to journalists, Obi said, “ I will not talk about the issue of money with Chris Ngige. He is a doctor and doesn’t know anything about economics.”

He added, “I have never borrowed a kobo from any of the Nigerian banks. Anambra State government has not borrowed a kobo from any Nigeria bank. We have not also borrowed from any foreign bank. Let me tell you, when I came here I found out why we were failing. There was no gratuity account; no pension account; there was no savings. I passed a law that Anambra State Government must at least save N100 million a month and invest same on the future of our children since we have defined statutory allocation. Truth is that the oil money cannot last forever and it behooves a state to save.”

Obi said the state had been saving N100 million monthly and now had over N20 billion in savings.

“There is something we call diminishing asset. If you have an asset that may one day disappear what you do is to resort to a lot of savings so that you can have alternative. So we said that we must save and leave at least N100 million every month. That’s how we raised the fund we invested in Orient Petroleum, the Brewery in Onitsha. That’s how we did it and today I can tell you we have been able to save over N20 billion.”

Speaking on his achievements in office, Governor Obi said he was the first Governor in the South East to buy cars for Permanent Secretaries as well as implement minimum wage.

“Permanent secretaries never had new cars. Civil servants were not sent on training. There was no welfare package. When I came on board, I was the first person in the whole of South-East to give permanent secretaries cars. It was not there before I came. I increased their salaries twice even before the issue of the N18,000 minimum wage. Anambra State was the seventh State in Nigeria to implement minimum wage as stated by the law – that the least worker be paid N18,000.00. There is nobody, no worker in Anambra State that earns less than N18,000.00″


http://www.theheraldng.com/ngige-knows-nothing-economics-peter-obi/

So you want to deplete the N20bn before you quit office, little wonder why you have been on spending spree in the last few months.

Buying cars for less than 50 PS is an achievement abi?

The state gov is clueless: investing in private enterprises viz Petroleum and Brewery only signifies the kind of understanding some public official have in governance.

He could have used the money to resuscitate ailing government infrastructure such as provision of pipeborne water to its citizens. Nonsense!!!

...knows nothing about economics of stealing, he knows little
Once the gateman gets N18,000 minimum that is minimum wage according to obi. what happens to other salary grades / service cadre
First to buy cars for perm. secs. I think he forgot to add in the world, not just Nigeria to make it his trade marks.
Let me remind Obi that during the Mbadinuju regime Perm secs had Peug406 and 504 2000. Obi just do and go, you are the most hated Governor since the creation of Anambra

Hate obi or like him he is the best governor in the south east. His ability to save and manage money is legendary. At a times most outgoing governors will be looting, he is busy investing the money in infrastructures

Alhaji babatunde ngige is a very sore loser who knows nothing about economics and presenting bills in senate

gogo chocolate: Hate obi or like him he is the best governor in the south east. His ability to save and manage money is legendary. At a times most outgoing governors will be looting, he is busy investing the money in infrastructures

obviously speaking tongue in cheek. Nairaland Peter Obi minions wants to make us believe Peter has done much. Well is this what they mean by doing well according to what obi points as his achievements himself in 8 years with over 2 trillion? I dare say many LG chairmen in Nigeria will put up a better challenge. smh

clear case of a pot calling a kettle black

drnoel: clear case of a pot calling a kettle black

please Peter obi and Ngige are no match. his 3 yrs far supercedes his 8 years