SonofLagos:
pls I don’t have strength to educate a dullar, Google is your friend I am just amazed that a grown adult that passed through school, well if you actually did, will be asking such a dumb question…just aiding of movement of humans and goods is not an economic benefit? So in 21st century, we should still be using boats to cross a large body of water? I guess you have never been to Lagos to be asking such a dumb question😂 obidients are truly not intelligent, so is their gbajue master

But u have strength to write this easy

Truth is you know there is none... It's a mere feel good project

Jonjam269:

You need to research the meaning of economic benefits, it seems you've lost touch with reality, since anything that have to do with your serial party defector must be defended blindly.

All this blabing you can't name one

Smh

SonofLagos:
so at your level I should be educating you on the economic benefits of a significant bridge like 3mb? So why are they constructing roads everywhere if you don’t they don’t have economic benefits😂 you should be ashamed of yourself for asking such a stupid question. So what’s the economic benefit of Niger bridge if I may ask?

Don't educate me I challenge you to name one

Second Niger bridge has no economic benefits too... It's a mere feel good projects

jmoore:

A man that earns 50,000 naira per month should pay 35% as tax?

Tax- 17,500 naira

Transport for a month - 9,000 naira (450 naira * 20 days)

Feeding for a month - 30,000 (1,000 * 30 days)

Rent - 3,500 a month

Total : 60,000 Naira.

He will be left with minus 10,000 naira. I did not even add power, gas bills, etc.

Yes after paying it let him vote based on tribal and religious sentiments let's see

IPIGSRSHALLOW:



Maybe you dropped out of school at the primary level. I have checked and checked many sites on this issue. Not a single one has indicated that the investment was in the form of land. It clearly stated that Obi invested 2 Billion Naira at that time. No mention of land investment.
You can play that dumb game with your fellow low-IQ Obi supporters but not with me.


Here is more. It clearly stated that it's the state's money not in the form of land. Read and comprehend.


In August 2013, Peter Obi, the governor of Anambra state, invested 2 billion Naira (approximately US\$12,616,356.43) of state money for a 10% stake in Next International, a company that owns shares in International Breweries Plc. In 2018, Obi said he invested $20 million in International Breweries on behalf of Anambra state, and as of June 2022, the stake was worth $5.38 million. As of 2021, Anambra state is the largest shareholder in International Breweries Plc, with a 43% economic interest.
International Breweries Plc is a subsidiary of Intafact Beverages Limited, which owns the Hero Lager brand. Other brands owned by Intafact Beverages Limited include: Budweiser, Castle Milk Stout, Grand Malt, and Beta Malt.
AB InBev, the world's largest brewing multinational company, is also a major investor in International Breweries Plc.

Bros no where was it stated it was a cash investment.. That investment was land valued at that amount

In fact no quote me again

SonofLagos:
you obirodents are truly not intelligent, no wonder you have gbajue master like bitter obi. Can you hear your self? Asking what is the economic benefit of 3rd mainland bridge so what’s the economic benefit of 2nd Niger bridge, that’s your slave party Pdp has been using to deceive your ancestors for vote? Or better still, since you already have the Niger bridge, why the need for the cry for a 2nd Niger bridge? It’s really sad we have to share a country with you primitive savages, i honestly pray you get your Biafra

You didn't even list one economic benefits of 3rd mainland bridge... And yes second niger bridge is in same group feel good projects that's all

They only enhance the life of the citizens that's all.. But economic benefits? Nah they have zero economic benefits

savenaijatoday:

How much do you earn and how much do you pay?

If you can't pay 350 when you earn 1000 u can't pay 35 million too when you earn 100 million

Jogs1900:

All this shalaye doesn't matter in as much as travellers are using it..

🤣🤣🤣🤣 the these one doesn't know anything about economics

And these is the fundamental issue with APC

Travelers are traveling and we are paying 76 billion yearly... How would the economy grow

WealthInvestor:



You can check out the IITA Video on Cassava Peels Utilization on YouTube To Learn That Your 10% Analysis is Wrong.

I have actually... I know it's not viable

sparko1:


Sometimes it's better to be quiet and be considered a fool, this response is too lame.

The outlook alone is shameful, a governor buying shares in a brewery lol!

Come on, I am ashame to type it, I mean sometimes I still expect PO to deny it, it's too shameful.

In civilised world, we refer to it as money laundering, yeah, when you can't steal money from government then you desired to buy worthless shares.

Now you talk about exchange rate, do you know what 30 million dollars means, do you even know how exchange rates works?

You can't buy shoes, bags, soap, rice, beans, drinks all in dollars and expect a miracle, this is the repercussions of those years of wasteful spending, importation, money laundering and all bad decisions the previous government and PO if I must add brought upon Nigerians.

You can't invest trillions into roads and rails

Less than 100 billion onto SMEs and expects us not to import

IPIGSRSHALLOW:



A controversy arose in August 2013 about the issue of shares to Next International a company owned by the Anambra state governor Peter Obi.[4] It is also reported that he invested 2 billion Naira of the state money for a 10% stake in the brewery.

From 2012
premiumtimesng .com/news/98281-anambra-governor-peter-obi-in-brewery-ownership-scandal.html?tztc=1


Statement from Anambra State GOVERNMENT. They will know more than you -

Given the repeated fake news about the current dollar value of the investment by the Peter Obi administration in SABMiller, it has become imperative to clarify the matter in public interest.

The Peter Obi Administration invested the sum of N1,955,535,247.00 (equivalent of approximately US$12,616,356.43 at the then average CBN exchange rate of N155.00/$1.00) in Intafact Beverages Limited, a green-field brewery being set up in Onitsha by SABMiller Breweries of South Africa in 2012. The Naira equivalent of this investment is stated and carried in the Reports of the State Accountant General with the Financial Statements for the fiscal years ended 31st December since then. These are public documents.

According to Ifeatu Onejeme, Commissioner of Finance, Intafact Beverages was subsequently consolidated into International Breweries Plc when the parent company, SABMiller of South Africa was acquired by Anheuser-Busch InBev (AB InBev), the world’s largest brewer. Based on this development, AB InBev consolidated and merged all its brewery operations in Nigeria under International Breweries Plc and all shareholders of Intafact Beverages Limited, including Anambra State Government (ANSG), received shares of International Breweries Plc for their respective investments.

ANSG received and still holds 407,321,264 ordinary shares of International Breweries Plc in exchange for its investment in Intafact Beverages Limited . Based on the NGX closing price of N5.50 as at 20/6/22, these shares were valued at N2,240,266,952 on that date. Based on the Central Bank of Nigeria I&E exchange rate of N415.75/US$1.00 on same June 20, 2022, this investment was valued at an equivalent of approximately US$5,388,495.37 (and at N604/$1.00 parallel market rate, only US$3,709,051.24).

We do not want to join issues with the purveyors of the fake news but only need to state the facts to inform the public.

All these APC people self... What is different with what I said here now?

The investment is land investment valued at that amount

Did you do economics at all

savenaijatoday:

Tell us about the taxes you pay.
What happens to Lagos? And other states?

Do you pay tax? Every Nigeria should pay minimum of 35% of their total earnings as tax

IPIGSRSHALLOW:



You are clueless as to how investment works. Obi has never denied investing money into the Brewery. If Obi did not invest in HERO Beer Brewery, how come the State of Anambra has substantial ownership of the business? How did Anambra become a major shareholder in the Hero beer company? Who invested Anmbra money into the business for the State to have substantial ownership in the company?
There is a video of LP chairman back then complaining that Obi invested the state money into HERO beer.

This is the same way you guys claimed he built schools even after Obi himself said that he did not.


You are obviously clueless about what you are talking about or just lying like Pandora pathological lair Obi.

Anambra state only provided land which was valued at 10% and the host community 5%

I dare you to show any evidence Anambra state invented physical cash on that brewery

Kepukepu:
It's not in the hands of Nigerians now.

Na God hand we dey. There's nothing we can do about it.

I'd Nigerians want APC out they know what to do

Jogs1900:

Ehen...
This coastal road will be tolled.. meaning it's financing itself when in used that's why it's a good infrastructure to finance.

How much toll would you charge on that road

3rd mainland bridge takes 170,000 cars per day... Say this one takes 80,000 cars daily in fact 100,000 cars

Say you toll it 1000 . .. That's 100 million per day

That's 36.5 billion yearly

Would take you 22.5 years to breaks even... That's not even adding maintenance and cost of toll collection.. That would shift it to 30 years minimum

You know what the interest payment of that loan would be after 30 years?

Even if it's at 5% the intrest alone would 40 billion

So it can't even generate enough revenue to pay intrest

Christistruth00:



What is the benefit of the 2nd Niger Bridge
Why did you not request for a ferry or two instead ?

2nd niger bridge is a feel good projects, practically have zero economic value

With 400 billion I would pipe gas to very town in South East, boasting industrialization and electrification

And note it would pay back it's project cost in less then 15 years

That is how u grow an economy

savenaijatoday:

I take this to mean a sarcasm, right??

If you know me you know I'm serious

My principle is tax Nigerians till they become serious about Nigeria

jahsharon:


2027 Presidential election is just a formality. We have the results already, we will announce it three days after the camouflage election. Anybody wey wan die, make e die

I honestly hope sha you are benefiting from the government sha if not

Kepukepu:
BVAS and IRev election method is one of the easiest to rig.
Any party who's in charge of INEC backend team will win the election.

Most tech people here will agree with how easy it for a backend guy that in charge of database can perform CRUD operations on it and can actually use it to manipulate database.

It's simple, buy INEC backend and do some little rigging work on the field, you will win.
If APC can just get 20% of the actual vote, the backend guys will do the remaining.

A tech person will understand what I mean.

This is why I am not even going to waste my time to vote in 2027

If poor Nigerians want APC continue so be it na

If you don't want them they know exactly what to do

5% tax is too small... 35% tax is more like it

That would be enough to improve ye public schools in Abuja

loffyloffy:

So you'd rather ferry the millions of people that cross the third mainland bridge daily so that the government can make money.

When we talk about economic benefit, we're not talking about making money. We're talking about the changes and impact on the economy that the project provides.

Let's even go with your ferry idea. How big would it have to be to carry the volume of people on the third mainland bridge daily? What would the traffic gridlock all over Lagos look like without that bridge?

When you talk about economic impact you are talking about boast in GDP, revenue and job creation that's it

Maybe you need to review your knowledge

Jogs1900:

Mr. Vitalis, it's normal for countries to borrow and finance infrastructures.Moreover,the bridge is going to be tolled..It's not the FG that will finance it 100%

It's not normal for country to borrow to finance infrastructure that's how u get loan trapped

You borrow to provide access to credit to your business community.. They expand make more profit.. Create more jobs pay back the loan

Then you tax them and use it to build infrastructure


The only infrastructure you are allowed to borrow are basic essential infrastructure like health care and education

Tared road is not essential, costal road is not essential, rail are not essential except your country is mainly into mining

IPIGSRSHALLOW:


Oh yes, he did invest 30 Million dollars into the business in which he has a financial interest. That in itself is a crime, Obi is a fraud and a criminal.
Secondly, the investment has not lived up to its potential as stated by the current Governor of the state.
Why will you invest even a kobo into a brewery while your state is under the threat of gully erosion, dilapidated schools, bad roads, no public water, and many more critical needed infrastructures?

Why will you even invest a kobo into beer beer-making venture instead of these other critical projects?

Pls tell us how much was invested, olodo.

Obi investment was cash given to banks for interest

U obviously don't know jack about what you are talking about

IPIGSRSHALLOW:


But the idiot invested 30 million dollars into a brewery that is now a loss business venture to the state. We all know who the real foolish and dumbest people are.

Firstly obi never invest 30 million dollars into brewery

But if you call international brewery today in Nigeria's a failed projects then you know nothing

Yes shares in the nigerian stock exchange hace falled drastically since APC came to power

But the company outlook is fantastic

Yes yes I know the above flew right above you sha

9jatriot:
Yes I have nothing to say to a minimalist like his oga who thinks that 3rd main is not useful that we should be using canoes or ferries instead.

Where in the name of whoever you believe will I start the argument with you? Ferry fairy vs bridge

Never said it not useful.. I said projects like that should never be down when your economy is struggling like we are now or done with borrowed funds

Is that too difficult for you to understand?

naptu2:


A fairy.

Mistake ferry

Jogs1900:

Reduction of travel time from 6 hours from Lagos island to Lagos mainland to just 30 minutes...
What can you say about this?
It's the busiest road in Nigeria..Any objection?

What exactly are u showing me this for
I am not against building bridges and roads nope

I am against building them when the economy is dying or using borrowed funds to do that



My argument is this, in the present economic situation like we have now we don't need something like this,you have 2 other bridges

And we can have fairly industry that can carry 1 million cars per day , create multiple jobs, and generate billions

Focus now should be revenue generation increase and GDP growth

muhammaduyusufu:

How does Nollywood chopping 50billion naira benefited the common man on the street. How many blockbuster movies have they produced with that money..

Why is PDP dashing banks money. That's wasteful

Bank of industry doesn't also dash out money billions without interest to be paid bank. They are still doing that today. Hardly a PDP benefit.

Guy abeg rest.

Firstly the 50 billion wasn't chopped, it was a loan accessible to anyone

That money gave raise to the cenima Nollywood you have today and it has created thousands of jobs

Jogs1900:

Oga, if you know what Nigerians faced before they completed this bridge, you wouldn't say it was a feel good project..
You may not know anyway because there was no Internet then.

Did you have ferry then?

Fairy is use around the world

You drive your car in, sit and move then u drive out

Yes the bridge is good but if it was built with borrowed money or a period of economic downturn it was a bad decisions

That is my point

9jatriot:
What can mere men do against such senseless hate. --- Theoden, king of Rohan

Typical running away from the argument because u have nothing to say

muhammaduyusufu:

I guess you mean they get projects done.
750Billion naira east west road approved by Obasanjo and reapproved by GEJ?

Where is OBJ's rural health centres in all 774 local government?

Where is Peter Obi's mono rail?

N400bn PHC project initiated by Obasanjo?

Despite the billions allocated for these projects..Are those politicians in APC?

You should be grateful that APC are completing the projects they embark on unlike PDP

Obi played with the idea of mono rail like every right thinking person realized that

1) base on the current economics of the state it made no sense

It could never never break even and would need money to run monthly

And state can't afford it

So why borrow to build with would eat your money

Not every one is as foolish as Lagos people

muhammaduyusufu:

I guess you mean they get projects done.
750Billion naira east west road approved by Obasanjo and reapproved by GEJ?

Where is OBJ's rural health centres in all 774 local government?

Where is Peter Obi's mono rail?

N400bn PHC project initiated by Obasanjo?

Despite the billions allocated for these projects..Are those politicians in APC?

PDP gave 500 billion to banks that was over 3 billion dollars

PDP gave Nollywood over 50 billion that was over $500 million dollars

Bank of industry was dishing out billions to companies

APC is given 75 million dollars loan facility to SMEs but want to build road for 800 billion

Can't you see where the problem is?

The issue is not the road yge issue we have better use for that money right now

Two it makes zero sense to build feel good projects with borrowed funds