Peter Obi Invested N1.96 billion and the value now is N2.24 billion (Picture)

Response to “Peter Obi's $12.24 m Investment In Breweries Now Worth $5.38 m
https://www.nairaland.com/7189779/peter-obis-12.24m-investment-breweries#114025775

I read through the article titled “Peter Obi's $12.24m Investment In Breweries Now Worth $5.38m” and I saw a desperate attempt to find something negative on Peter Obi’s past. The writer obviously did not think through the implication of his deceptive title. Because there is no tangible thing to use again Peter, he had to exploit the outcome of fiscal policy and economic failure of Buhari’s administration to craft a title that the BMC crew will feast on. Obviously the BMC crew do not have the mind of their own and cannot think for themselves. Otherwise they would have understood the implication of the intellectual yahoo-yahoo displayed by the author of that article.

To put the record straight, N1.96 billion was invested and N2.24B (CBN) or (N3.28B) black market is the value today. There was no loss whichever way you want to look at it. it is disingenuous to report the values in dollars while you talk about Tinubu’s forced investment in Naira. ( https://technext.ng/2022/06/02/did-bola-tinubu-bring-econet-nigeria-2001/)
In fact, you have to praise Peter for investing a company that did not go bankrupt under Buhari’s administration.

Dangote, the richest man in Africa had a net worth of $7bn as at April, 2016 as against $25bn he was worth in 2014. (https://nairametrics.com/2020/04/16/aliko-dangote-and-his-slide-from-25-billion-to-7-billion/). That was an $18bn or 72% loss incurred under Buhari’s body language induced recession. Tinubu told us he single-handedly made Buhari Nigeria’s president. Even now, with Federal governments push such as selective opening of the land bother to allow him export his products, Dangote is yet recover. His current Net is still $14.2 billion.

Going by Dangote’s experience, we now know that the company lost at least 72% of its equity value. Because we do not know the profit made as at 2014, we shall work with the investment capital which was $12.24 million. Assuming there was no growth, losing 72% means $8.81 million was lost. So as at April, 2016, the value of the investment was $3.43 million. This company has without any government’s incentive grown the $3.43 million by $1.95 million to get $5.38 million. That is 36% growth in 6 years under Buhari’s hash economy. That tells you that Peter is an investor and wealth creator.

The writer of the article actually shot Buhari and Tinubu(Buhari’s Godfather) on the back because he just highlighted the damage Buhari has done to our economy.

If this ever hit front page make witch chop breakfast

E no go reach front page.
Watch and see

Bonesbreaker:
If this ever hit front page make witch chop breakfast

Witch go chop breakfast oo
I go go twitter drag Seun

Am I the only one not even thinking about any politician? Like no time?

Front page

For those cretins above me. Una nor get online platform where una fit go push una news go front page? Na by force?? At least na una fore fathers get Twitter, Instagram and Facebook.

It's funny how some people feasted on the topic without thinking for themselves. No be Peter Obi say make Buhari destroy our local currency and make it worth little or nothing against the dollar

michlins:
It's funny how some people feasted on the topic without thinking for themselves. No be Peter Obi say make Buhari destroy our local currency and make it worth little or nothing against the dollar

oga who ask him to dey keep money anyhow without utilising them on tangible things. Na so him mate they do?? Lagos governors for they keep development money without using them for development una for dey run come Lagos in batches today?

shigishege:
oga who ask him to dey keep money anyhow without utilising them on tangible things. Na so him mate they do?? Lagos governors for they keep development money without using them for development una for dey run come Lagos in batches today?

you are not a business owner if not you should have known how important it is to have an investment. Until we have an administrator who understands the need to make money for the government without depending on crude oil and taxes,we will keep searching for revenue source.

Let me tell you something about that brewery,no matter how bad Nigeria becomes, that investment will keep spinning money because we don't stop drinking alcohol. Just imagine if any state government was able to invest in MTN when they were new in this country.

Even this present government bought 20% stake in Dangote refinery even though it is yet to be completed and we don't have our own refinary as a country. So what are you talking about?

Good one

There is nothing to pinned the man with, so they won't mind blaming the failure of others on him,that is nigeria, no one thinks for himself, my problem is with soludo who is trying to shy away from been hold accountable thereby trying to lie from what is obvious.

Peter Obi still remains the best candidate for that position' tifunubu or whatever he's called should be in the Hospital or care home'

Imagine Dpk Now sells for 1650
Support whoever u want, ur childrens future is in ur palms

Dear Seun,
I am one of the old members left here. 2007 set.

Send this post to front page because it deserves it.

Don't make it too obvious that you support Tinubu.

Give others same coverage or at least some. You have 2 items on this issue on frontage against Peter.

There is a counter. Post it too.

It is the norm on NL

agabaI23:
Dear Seun,
I am one the old members left here. 2007 set.

Send this post to front page because it deserves it.

Don't make it too obvious that you support Tinubu.

Give others same coverage or at least some. You have 2 items on this issue on frontage against Peter.

There is a counter. Post it too.

It is the norm on NL

Peter Obi's supporters had claimed that his investment grew in dollar value, so that justifies debunking the claim based on the dollar value. However, there is value in continuing the debate so there's no reason why we shouldn't feature this thread also. It still doesn't look like a great investment to me though.

Ok

Let me lay out a similar scenario;

Dangote was worth $20bn in 2013 but now worth $14bn in 2022. However, his naira investment have grown astronomically;

$20bn @ 155 in 2012 = N3.1tn
$14bn @ 419 in 2022 = N5.8tn

That's a growth of over 87% in 10 years.

Tinubu on the other hand invested in Econet privately.

For TINUBU, Note the fact that he abused his power by using his VETO power as governor to invest state funds in a business and selling it One year down the line in a shady deal.

Does Lagos still own equity shares in econet? Meanwhile where is Econet today??
Econnet > Zain > Etisalat > Airtel . This is one company in 16 years (change of ownership every 4 years, i call it laundering of ownership... Meanwhile MTN and GLO still stand strong.

As a state, you can not just dump shares because you are a lead investor and should be able to hold shares through tough times, this will encourage other shareholders.

Read the article below, Tinubu as Governor facilitated the purchase in 2008 bu Lagos state government. However, in 2009 LASG sold all its shares via an unknown broker - African Development Fund Inc. (ADFI) and to an undisclosed buyer. Till today no trace or update on it. Your guess is as good as mine.

https://www.vanguardngr.com/2009/09/my-position-on-econet-shares/

Our future is in our hands tho

NICE ONE FROM THE DEVELOPER.
KEEP IT UP

I am very OBIDIENT

Yes

Obi in the video interview, he said he invested over $20m and the $20m worth over $100m. I really don't know why these idiots love to defend this Pandora thief at every giving opportunity.

My take:
1) Obi claim of over $20m investment: False.
Evidence shows he invested $12.24 thereabouts
2) Obi claims the current worth is $100m now
Evidence shows the current value is $5.38

Conclusion: Obi is a serial habitual liar.
Who tries at every time to impress people with fake information/ data

Watch the video below where Obi claimed he invested $20m instead of $12.24m. Where the Pandora thief also claimed the value now is $100m but record showed it's $5.38
I really don't know why these Pandora fraud wants to force the lies on others

https://www.facebook.com/100012374645375/posts/pfbid0hZ2Re9MAn2fJLBY2WWREqVqwDcXYfrvqtj58n4vPSmha36gP1im3tZ2irb5QBnT2l/?sfnsn=scwspwa

We are OBEDIENT. Stake your savings on Peter Obi.

Use

Investor Waya Waya
Low budget, Made in China warren buffet