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Business › The Third Richest Man In The World Behind Musk And Bezos Is A College Dropout Wh by Buckeyemedia1(op): 9:03pm On Aug 30, 2022
While 499 other billionaires have struggled to add to their fortunes this year, the world’s third richest man has made a whopping $60 billion.

With a total net worth of $137 billion, Indian-born Gautam Adani’s extraordinary wealth gain in 2022 has far surpassed that of any other billionaire, many of whom have seen their fortunes drop this year, according to Bloomberg’s running tally.

And that’s as billions have evaporated for his wealthy colleagues this year. The world’s richest, Tesla TSLA, -2.62% Chief Executive Officer Elon Musk, has seen a loss of $18.9 billion this year to bring his fortune to $251 billion, while Amazon.com’s AMZN, -1.07% executive chairman Jeff Bezos and No. 2 on the wealthy list, has seen his fortune tumble $39 billion this year, to $153 billion.

Bloomberg reported that Adani, a college dropout, vaulted into the top three on Monday, the first time a person from Asia has made it that high into the rankings. That puts his billionaire status above that of the CEO of luxury goods giant LVMH MC, -0.17% Bernald Arnault, Microsoft MSFT, -1.10% co-founder Bill Gates, and Berkshire Hathaway’s CEO BRK.A, -1.06% Warren Buffett.

Adani is the founder of Indian multinational conglomerate, Adani Group, the country’s biggest port operator. The company’s other businesses include electric power generation and transmission, renewable energy, natural gas, infrastructure, airport operations and mining. Adani Solar, for example, has a goal of generating 450 GW of renewable energy by 2030.

TotalEnergies TTE, -3.62% entered a deal earlier this month to acquire a 25% stake in Adani New Industries, to produce and commercialize green hydrogen in the country. Its flagship entity, Adani Enterprises 512599, +1.62%, saw a 73% jump in consolidated net profit for the first quarter ended June, and a 225% surge in consolidated revenue. Shares have surged 86% so far this year, while India’s S&P BSE Sensex 1, +2.70% is up around 2.2%.

But the tycoon’s expansion spree has also raised concerns over debt in some corners. According to media reports, debt research group CreditSights last week described Adani’s empire as “deeply overleveraged” and at risk of sinking into a “massive debt trap,” owing to growth plans funded by debt.

Bloomberg recently pointed out that Adani Green Energy 541450, +4.28% has seen its debt-to-equity ratio surge to 2,021%, the second-highest in Asia behind China’s Datang Huayin Electric Power Co. 600744, -1.65%.

Politics › Re: Bola Tinubu, Shettima, APC Governors Visit Ex-President Goodluck Jonathan by Buckeyemedia1: 8:48pm On Aug 30, 2022
obyrich:
What a big shame. So Jonathan was not clueless after all. It was just a pull-him-down strategy. Shame.
Tinubu na idiot, Jonathan was indeed clueless.
Politics › Re: Bola Tinubu, Shettima, APC Governors Visit Ex-President Goodluck Jonathan by Buckeyemedia1: 8:46pm On Aug 30, 2022
Rozross:
I hope the insults and ridicule will reduce now. Shun bitter politics.
Mumu agbero has gone to beg for endorsement from the same person he vilified less than 8 year ago?

Useless Hypocrite, this Tinubu Criminal is the true analogy of No Honor Amongst Crooks.
Politics › Data Shows Lagos Is Not Africa’s Third-biggest Economy, As Claimed By Shettima by Buckeyemedia1(op): 8:40pm On Aug 30, 2022
https://m.youtube.com/watch?time_continue=35&v=2eRSte3vxVw&feature=emb_title

Officials of Nigeria’s ruling All Progressives Congress (APC) have alleged that Lagos State is the third-largest economy in Africa. The claim spread after an influential ex-governor of the state, Bola Ahmed Tinubu, was nominated as the APC’s candidate for the presidential election set for February 2023. His running mate, Kashim Shettima, made the same assertion at a recent lawyers’ conference. But AFP Fact Check found this to be false: official data shows that, though the state is Nigeria’s biggest economy, it is not among the top five economies on the continent.

Formerly the seat of the government, Lagos is Nigeria’s economic capital. It tops the list of the best African cities for tech startups and is home to Nigeria’s busiest seaport and the country offices of tech giants like Google and Microsoft.

“Lagos is the third largest economy in Africa,” Shettima said at the annual general meeting of the Nigerian Bar Association in Lagos on August 22, 2022.

He made the comments while listing Tinubu’s achievements when he was state governor between 1999 and 2007.

Festus Keyamo, the spokesman for Tinubu’s election campaign and Nigeria’s junior minister for labour and employment, made the same claimduring an interview with Nigerian broadcaster Arise TV in early August.

Nigeria’s biggest economy

Lagos state is Nigeria’s biggest economy and was responsible for 15.3 percent of the country’s gross domestic product (GDP) in 2021.

Figures from the National Bureau of Statistics (NBS) showed that the state had the highest internally generated revenue (IGR) in 2020, with 419 billion naira (US$1.1 billion at the time) collected in taxes and dues. That amount is more than triple the revenue of the second-best state, Rivers, which collected 118 billion naira during the same period.

Meanwhile, NBS’ half-year report for 2021 revealed that Lagos collected some 267 billion naira in taxes -- more than triple the 69 billion naira reaped by Nigeria’s capital city, Abuja.

Tinubu is credited with changing the way taxes and levies are collected in the state, which has seen its IGR steadily increase.

But the claim that the state has the third largest economy in Africa is false.

Ninth, not third-largest economy

AFP Fact Check searched the website of the state’s ministry of economic planning and budget and found a document that shows the GDP figures of the state between 2013 and 2021.

The report was issued by the Macro Economic Statistics Division of the Lagos Bureau of Statistics (LBS).

The agency confirmed to AFP Fact Check that the document was authentic and could have only been published on the website after the approval of the commissioner in charge of the ministry.

According to the official document, Lagos’s GDP was 26.587 trillion naira in 2021 (US$75.965 billion at the time).

That figure represents about 15.3 percent of Nigeria’s GDP, which stood at 173.527 trillion naira during the same period.

In terms of percentage contribution to the national GDP, the 2021 figure was the lowest contributed by the state over a five-year period between 2017 and 2021. The document cited the COVID-19 pandemic as a key reason for the decline.

World Bank data shows Lagos State is not Africa’s third-largest economy - whether it is subtracted from or counted as part of Nigeria's national gross domestic product.

According to the report, the country's GDP was the largest on the continent in 2021 at US$440 billion.


Eight biggest economies in Africa in 2021 ( World Bank data / )

The value of Lagos State for the same year was US$75.965 billion.

This places it behind the economies of five countries in sub-Saharan Africa (Nigeria, South Africa, Ethiopia, Kenya and Ghana) and three in North Africa (Egypt, Algeria and Morocco).

If Lagos State were to be deducted from the national value, Nigeria would simply slump to the third position in Africa behind South Africa and Egypt.

Meanwhile, the state’s GDP remains larger than that of West African neighbours Niger, Benin, Togo, Chad, Sierra Leone, Liberia and the Gambia put together.
Politics › Re: How Malami ‘bungled’ DCP Kyari’s Extradition Suit by Buckeyemedia1: 8:15pm On Aug 30, 2022
anonymous1759:
angry


You said it all I’d this very same arguments with my friends. I told them Abaa is going know where. The Nigerian Government is not in the likes of Russia and China that can tell USA that we can’t extradite our citizen to you point blank.

What they can do is use the rule of law to frustrate them . And America cannot use force on Nigeria because ABBA’s case if a small fry .if it was Terrorism issue America don’t joke with it they can bully Nigeria to release the Abba.
True Talk
Politics › Re: Israeli Ambassador, Michael Freeman Visits Tinubu At His Campaign Office (pics) by Buckeyemedia1: 7:40pm On Aug 30, 2022
Yoruba1stson:
Zombiedent, keep wailing, your wailing go enter another level next year when the worthless piter Obidient you are supporting don lule .... Nothing you and other zombiedents can do to stop BAT, Jagaban is an unstoppable train, he is the man for the job and come 2023 he will become our president
Unstoppable derailed train of rail, hijacked by bandits, heading for the rocks.
Politics › Re: London Nothing Hill Carnival: Yoruba Nation Versus Biafra (photos) by Buckeyemedia1: 3:07pm On Aug 30, 2022
GreatBoss:
Igbo's can't fight Ijaw.
Ijaw is as large as Igbo in area and in population.

Igbos can't fight Ijaw
.
Shut up you this ijaw boy, for years you have been reiterating this nonsense, don’t ever in your life compare Ijo & Igbo people again.

Mumurist.
Politics › Re: Appeal Court Nullifies ₦20 Billion Damages Against DSS For Igboho by Buckeyemedia1: 2:41pm On Aug 30, 2022
Teewonders:
Nigeria judiciary is a scam
Which one, the Court you were happy with for awarding the compensation, or the one you are angry with for annulling it?
Politics › Re: Anthony Abiola Contests For Political Office In Abia State by Buckeyemedia1: 11:04am On Aug 30, 2022
seunmsg:
By mere looking at the shape of his head, I don’t need anybody to tell me that he’s not Yoruba. Anthony Chinasa is an Igbo boy contesting in Igboland. Stop spreading lies like Peter Obi. All liars shall go to hell remember grin
Afonja from Cotonou is that all you have to exclaim?
Politics › Re: FG Releases N6.25 Billion For Cattle Ranches In Katsina by Buckeyemedia1: 10:55am On Aug 30, 2022
Testimony1988:
Hmmmmm, a period where ASUU is on strike and not willing to do the needful but they have the money to give state for ranching, it's well.
So Nigeria should come to a standstill because useless ASUU is on strike?
Politics › Re: FG Releases N6.25 Billion For Cattle Ranches In Katsina by Buckeyemedia1: 10:42am On Aug 30, 2022
OluKhayode:
This shows the scale of preference if this administration...
What did Mumu Jonathan do in Bayelsa State before he exited Aso Rock?
Politics › Re: FG Releases N6.25 Billion For Cattle Ranches In Katsina by Buckeyemedia1: 10:40am On Aug 30, 2022
Obidatti2023s:
Why do you think dey are making plans to force Tinubu and Shettima on Nigerians? To cover their track for all the billions of dollars stolen. If by any chance Peter Obi wins! VP Datti has a lot of people to bring to the book!
Peter Obi your messiah that said he will not probe anyone?

It is quite obvious that most you so called Obidient are blind followers.
Politics › Re: How Malami ‘bungled’ DCP Kyari’s Extradition Suit by Buckeyemedia1: 10:33am On Aug 30, 2022
yinkus6750:
Kyari has so many bottlenecks in his cases
Different issues coming up simultaneously
Difficult to super impose extradition above NDLEA case, which is the main trial his facing
Everything is to Kyaris advantage, he will be tried and prosecuted in Naija for now.
Which is better for him.
We await Hushpuppys sentence by September.
Let's see if any reference or 8ndictment on Kyari will be mentioned.
Malamu ought to know better
With all due respect, only mumus for 1 second will imagine to think that the Federal Government will extradite Abba Kyari a serving force officer.

You these children in Nigeria have been watching too many western movies.
Politics › Re: Tinubu Built Lagos; See Advice A Facebook Member Gave BAT Supporters by Buckeyemedia1: 10:58pm On Aug 29, 2022
FatherOfJesus:
dude you are iliterate.

All trubalists are literate
Illiterates.
Politics › Re: List Of Top Dignitaries Who Welcomed Shekarau Back To PDP Today (photos) by Buckeyemedia1: 10:45pm On Aug 29, 2022
EMPEROROFDONBAS:
Shekarau, a political prostitute
Just like Peter Obi.
Politics › Re: Why I Defected To PDP — Shekarau by Buckeyemedia1: 10:24pm On Aug 29, 2022
NaijaRoyalty:
You're a serial defector

In less than 4 months , you've defected to 3 parties , you got no shame
What of Peter Obi? APGA, PDP, now The Labor Party.
Politics › Re: PDP Governors May Prevail On Ayu To Resign by Buckeyemedia1: 10:00pm On Aug 29, 2022
Michelle70:
Wike is bigger than PDP, he don succesfully sack two party chairmen and is on course to sack the third one.
If the fourth one doesnt do his bidding, he will sack him again
He is in on his last leg, soon Nyesom Wike will be the hunted.
Politics › Re: Alleged Forgery: Uni'jos Affirms Benue PDP Guber Running Mate’s Certificate by Buckeyemedia1: 8:23pm On Aug 29, 2022
Enny8:
By Yemi Itodo

The University of Jos (Unijos), has confirmed that the Deputy Governorship Candidate of the Peoples Democratic Party (PDP) in Benue State, Sir John Ngbede, was a student of the institution and did graduate from it.

Unijos also stated that Ngbede was admitted in the 1983/1984 academic session and graduated from there in 1990.

A Federal Capital Territory (FCT) Magistrate Court presided over by Taribo Jim, had on July 26, 2022, ordered the University of Jos or any officer acting on its behalf to make available to the Commissioner of Police (no Command Stated in suit), the entry educational qualifications used by Ngbede John Ilodu to gain admission into the University of Jos with a view to assisting the Police' investigation.

It also ordered the University or any officer acting on its behalf to make available academic records and transcripts of Ngbede.

In a letter dated August 16, 2022, signed by the Registrar, Dr Rejoice James Songden and captioned, RE: POLICE INVESTIGATION IN RESPECT OF NGBEDE JOHN ILODU (REF:UJS/6586/83-84), which is a reply to an earlier letter from the police dated August 1, 2022; the University clearly stated that Ngbede was their bonafide student.

"Mr Ngbede John Ilodu was a bonafide student of the University of Jos in the 1983/1984 academic session with Matriculation Number: UJ/6586/83-84", it reads.

The institution also included in the letter, the West African School Certificate (WASC) result of the Benue State PDP Deputy Governorship Candidate at the point of entry into Remedial Studies.

The University adjudged Ngbede's conduct, both in character and in learning, to have been satisfactory to merit being awarded a Bachelor of Science degree in Chemistry.

"May we kindly affirm that Mr Ngbede John Ilodu was a bonafide student of the University of Jos whose academic records were adjudged to be satisfactory both in character and learning and was awarded a B.Sc (Hons) Chemistry with Second Class Honours, Lower Division in the 1989/1990 academic session", the letter concluded.

Meanwhile, the Police prosecutor who filed the motion ex parte and obtained the Court Order of July 26, 2022 has failed to turn up in court on August 19 and August 26, both times the case came up at the Magistrate Court in Bwari.
Where is Tinubu’s Waec?
Politics › Re: 2023: Appeal Court Affirms Sheriff Oborevwori As Delta PDP Guber Candidate by Buckeyemedia1: 5:56pm On Aug 29, 2022
highchief1:
osanebi will be caged in ndokwa east.he can’t do more than that lg.Monday is from ndokwa west.e no easy like that bros.Okowa is currently too strong.
Irrelevant, could careless, it is who Delta Central supports that will win, it is Urhobo’s turn, we will choose the next Governor of Delta State, you cannot know our kinsmen more than us.
Politics › Re: 2023: Appeal Court Affirms Sheriff Oborevwori As Delta PDP Guber Candidate by Buckeyemedia1: 5:54pm On Aug 29, 2022
tonyuny12:
No room for thumb printing anymore.
Tompolo that APC Federal Government has given pipe line contract?
Politics › Re: 2023: Appeal Court Affirms Sheriff Oborevwori As Delta PDP Guber Candidate by Buckeyemedia1: 5:47pm On Aug 29, 2022
Aiel123:
Garfield rest na
Omo Agege that could barely defeat Oboro will win which central
Leave delta out of your permutations...
Central will be shared with Oborevwori having the upper hand
Omo Agege can only win ughelli and uvwie
Ogboru takes ethiope east
PDP takes the rest
Who did Sheriff defeat to get to the State House of Assembly?

Mention the name, to see if anyone as heard of the being.
Politics › Re: 2023: Appeal Court Affirms Sheriff Oborevwori As Delta PDP Guber Candidate by Buckeyemedia1: 5:41pm On Aug 29, 2022
ken6488:
As usual then PDP

Delta south will cancel out delta central


While delta north will finish the job it has always been like this
Just imagine a governor that doesn’t win his own Local Government, does that sound logical to you? Isn’t that a Governor rejected by his own people?

How can that kind of person win, who gave Okowa the authority to choose a Governor of Urhobo ethnicity for us?
Politics › Re: 2023: Appeal Court Affirms Sheriff Oborevwori As Delta PDP Guber Candidate by Buckeyemedia1: 5:39pm On Aug 29, 2022
CyberWolf:
Supreme Court will only base her judgement based on Appeal Court and not the trial court.
The Supreme Court looks at a case holistically, this must be a setup to hand power to Omo Agege on a platter, because it doesn’t make any sense why of all people it is this semi illiterate Sheriff, that Okowa wants to foist on Delta State?
Politics › Re: 2023: Appeal Court Affirms Sheriff Oborevwori As Delta PDP Guber Candidate by Buckeyemedia1: 5:29pm On Aug 29, 2022
ogbonti:
who is from Ughelli and who is from Okpe? angry
Omo Agege Ughelli North, Sheriff Okpe Local Government.

More than likely, Ughelli Urhobo will win.
Politics › Re: 2023: Appeal Court Affirms Sheriff Oborevwori As Delta PDP Guber Candidate by Buckeyemedia1: 5:26pm On Aug 29, 2022
rolexino:
With the height of damage, APC has done to this country. it's a no-go area after all the failed promises except for suffering head people supporting the evil party and their aspirants...
What concerns APC & Delta State, with the highest allocation from the Federal Allocation Committee for 5 straight years can pdp Delta State, show you any 21st century urban infrastructural development from 1999-date?
Politics › Re: 2023: Appeal Court Affirms Sheriff Oborevwori As Delta PDP Guber Candidate by Buckeyemedia1: 5:12pm On Aug 29, 2022
Ayosman1:
Oga, pre election matter ends at appeal court. Go and read the full judgment, it says Edevbie erred for not calling witnesses and verifying from all the institutions Sheriff graduated from and as at the time he Edevbie went to court Sheriff name was not yet submitted to INEC. Meaning they did not have a case
This Delta State pdp self inflicted implosion, will usher under servants APC to power, both @ State & Federal level.

Pdp has had their 15 minutes of fame, a house divided amongst itself cannot stand.

Abubakar Atiku, The Rilay Odinga of Nigerian politics, is just a cursed person for choosing Okowa as his running mate, Okowa that is fighting his mentors in Delta State, is who wants to become Vice President?

Sorry for Pdp & Atiku, Ibori & Wike will make sure that they lose.

Who the Gods Want To Destroy, They First Make Mad.
Politics › Re: 2023: Appeal Court Affirms Sheriff Oborevwori As Delta PDP Guber Candidate by Buckeyemedia1: 5:04pm On Aug 29, 2022
vicdom:
Oga, there's time band in all pre-electoral matters. APC has clearly missed it and it's over. It must not be later than 14days after the primary election. APC can only try again in 2027.
How is discrepancies in your qualifications a pre electoral issue? It would have been better, if he had just filed his waec result, whether pass or fail, instead of forging.

Whenever the Court establishes that the documents he put forward are inconsistent, his victory will be null & void ab initio.

Mind you it is a criminal matter, and under the law, there is no statute of limitations.

Delivering judgment in the appeal on Monday, Justice Ige agreed with the appellant that the suit filed by David Edevbie was wrongly initiated because allegations of criminal offences must be proven beyond affidavit evidences.

The court held that failure of Edevbie to call relevant witnesses was fatal to the case.
Politics › Re: 2023: Appeal Court Affirms Sheriff Oborevwori As Delta PDP Guber Candidate by Buckeyemedia1: 4:31pm On Aug 29, 2022
ken6488:
Remember what happened the last time you guys are going to lose again

Stop your senseless opposition

Pdp don't need delta central


With delta north and south

Pdp will will easily

Election will be done by 12

My only regret is omo agege not joining PDP

Okowa beat APC with 800k plus vote last time

It will be huge this time
If you read what I wrote, Let Sheriff win the election, the Supreme Court of Nigeria will remove him based on this same allegations.

Did the Appeal Court say that there where no discrepancies in sheriff’s results?

Sheriff won on a technicality, not on merit, I am sorry for pdp Delta State, they will fight themselves to a loss.

Delivering judgment in the appeal on Monday, Justice Ige agreed with the appellant that the suit filed by David Edevbie was wrongly initiated because allegations of criminal offences must be proven beyond affidavit evidences.

The court held that failure of Edevbie to call relevant witnesses was fatal to the case.
Politics › Re: 2023: Appeal Court Affirms Sheriff Oborevwori As Delta PDP Guber Candidate by Buckeyemedia1: 4:28pm On Aug 29, 2022
Milljack:
Just be calming down cool when we get to the bridge we will cross it...if omo agege wins more than 4LGA out of 25lga remind me...all politics is local... DSP omo agege (obarisi of urhoboland) would have fasted and prayed for edevbie to win at the court because agege will defeat him in his Afiesere ward,they both share the same LGA agege will trash edebvie Silly.. edebvie is just money money money..he ain't popular and acceptable
Confused man, Sheriff won his case on a technicality, not based on merit against the facts, let him sail all the way to victory, APC will remove him, they know where them Ibori made their mistake in the filing.
Politics › Re: 2023: Appeal Court Affirms Sheriff Oborevwori As Delta PDP Guber Candidate by Buckeyemedia1: 4:23pm On Aug 29, 2022
ken6488:
Urhobo people are not the only tribe in delta this a fact you know

In as much it is the largest tribe in delta

The rest unified will bear urobho down
That is why we no support Okowa, maybe Sheriff is Itsekiri, & David Edevbie & Omo Agege are Urhobo.
Politics › Re: 2023: Appeal Court Affirms Sheriff Oborevwori As Delta PDP Guber Candidate by Buckeyemedia1: 4:21pm On Aug 29, 2022
ken6488:
I grew up in delta

Do you know primary and secondary school are free here
..
Quite obvious you no go school then.
Politics › Re: 2023: Appeal Court Affirms Sheriff Oborevwori As Delta PDP Guber Candidate by Buckeyemedia1: 4:19pm On Aug 29, 2022
ken6488:
Wow Deena you have not seen the hand writing in the wall

A a deltan obi and atiku win is a win win

In as much I support obi,


Most people here are rooting for atiku don't think we let tinubu win
What concerns me with who wins the presidency, I cannot point to anything that Okowa did in 8 years as Governor, only a fool will believe he will do anything as Vice President for Urhobo people.

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