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FACT CHECK: Obi Compared Nigeria’s Budget, Poverty Rate With China’s. Is He Corr - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsFACT CHECK: Obi Compared Nigeria’s Budget, Poverty Rate With China’s. Is He Corr (418 Views)

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FACT CHECK: Obi Compared Nigeria’s Budget, Poverty Rate With China’s. Is He Corr by Racoon(op):
The 28th edition of the United Nations Climate Change Conference, widely known as COP28, kicked off in Dubai, the United Arab Emirates (UAE) on November 30. The annual conference is the world’s only multilateral decision-making forum on climate change with almost complete membership of every country worldwide.

It provides a forum for decisions on how to address the climate crisis, such as limiting global temperature rise to 1.5°C, helping vulnerable communities adapt to the effects of climate change, net-zero emissions and climate financing. A total of 81,027 delegates registered to attend COP28 in person, including political and business leaders, climate scientists, journalists, and other stakeholders.

Nigeria, which is among the member states, was represented at the event with a delegation led by President Bola Tinubu. However, there have been criticisms over the number of registered delegates from Nigeria at the conference.

In a series of tweets on Sunday, Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, criticised the size of Nigeria’s delegation, describing it as a “waste of scarce resources”.

Obi made several claims in his tweets. TheCable compared the politician’s statements to available data and this is what we found.


CLAIM 1: NIGERIA HAS SAME NUMBER OF DELEGATES AS CHINA

Verdict: Correct


In his tweets, Obi “congratulated” Nigeria for equalling China in the number of delegates at the conference.

“In a twist of sad irony, let me congratulate the giant of Africa, Nigeria, for matching the great China, with the same number of contingents at the ongoing COP28 in Dubai, United Arab Emirates,” the LP presidential candidate tweeted. Nigeria’s contingent to COP28 totalled 1,411, the same number as the Chinese contingents.”

A list of delegates published by the organisers showed that 1,411 participants registered from Nigeria. Thus, Nigeria had the third-highest overall number of delegates at the conference — alongside China.

The participants’ list also showed that Nigeria has the highest number of registered delegates from Africa. The host, UAE, occupied the overall top spot with 4,409 delegates, followed by Brazil with 3,081.

CLAIM 2: CHINA’S BUDGET FOR 2024 IS ABOUT $4 TRILLION

Verdict: Partly incorrect


Arguing that the number of delegates is a needless expense of lean resources, Obi said Nigeria’s 2024 budget is about $33 billion compared to China’s which he claimed had budgeted $4 trillion.

“While China’s budget for 2024 is about $4 trillion, about $2,860 per head; Nigeria’s budget is about $33 billion, about $165 per head,” he said.


China’s budget is usually announced during the country’s annual parliamentary sessions. The 2023 budget figures were announced in March. As such, China does not yet have a 2024 budget.

For its 2023 budget, China projected a revenue of RMB 23.6 trillion ($3.4 trillion) and set spending at RMB 27.5 trillion ($4 trillion), resulting in an official deficit of nearly RMB 3.9 trillion ($564.1 billion).

However, Obi is right in his claim about Nigeria’s budget’s size of about $33 trillion. President Bola Tinubu has presented a budget proposal of N27.5 trillion for the 2024 fiscal year. This translated to $36 billion at the budget benchmark exchange rate of N750/$ or $33.5 billion at the average exchange rate of N820/$ on November 29.

CLAIM 3: CHINA’S HDI IS 79/191 WHILE NIGERIA IS 163/191

Verdict: Correct


“China has a high Human Development Index, HDI, with a ranking of 79 out of 191 countries measured, and Nigeria has a low HDI, with a ranking of 163 out of 191 countries measured,” Obi said.

The United Nations defines human development as a measure of the richness of human life i.e. improving lives rather than assuming that economic growth will automatically translate to better wellbeing. It focuses on people, their opportunities, and their choices.

One of the purposes of the index is to show that monetary measures, such as GDP per capita, are inadequate proxies of development. In the latest HDI ranking, China ranked 79 out of 191 countries, while Nigeria ranked 163. Switzerland placed first while South Sudan was at the bottom.

CLAIM 4: NIGERIA HAS MORE PEOPLE LIVING IN MULTI-DIMENSIONAL POVERTY THAN CHINA

Verdict: Correct


“Nigeria has more people living in ‘Multi-Dimensional’ poverty than China, despite China having seven times our population,” Obi added.

Multidimensional poverty encompasses deprivations experienced by poor people — such as poor health, lack of education, inadequate living standards, and living in environmentally hazardous areas, according to the Oxford Poverty and Human Development Initiative.

The latest UN report said 3.9% of China’s population lives in multi-dimensional poverty and pegged the rate of multi-dimensional poverty in Nigeria at 33.0%.
These figures were based on the organisation’s most recent data in 2021.

Population data from the World Bank estimates China’s population at 1.4 billion compared to 218 million in Nigeria. According to the UN estimates, China has 54.6 million people living in multidimensional poverty compared to Nigeria’s 71.9 million.

In November 2022, the National Bureau of Statistics (NBS) said 133 million Nigerian citizens (about 63%) are multi-dimensionally poor. Both sources confirm Obi’s statements that more people in Nigeria live in multidimensional poverty than in China, despite the variance in population.
https://www.thecable.ng/fact-check-obi-compares-nigerias-budget-poverty-rate-to-chinas-is-he-correct/amp nlfpmod nlfpmod

Re: FACT CHECK: Obi Compared Nigeria’s Budget, Poverty Rate With China’s. Is He Corr by SoNature(m): 11:09am On Dec 07, 2023
Nigeria isn't destined to be great! 60 years after independence, we cannot solve our basic problems. And 100 years after amalgamation, mutual suspicion still lives within us.
Re: FACT CHECK: Obi Compared Nigeria’s Budget, Poverty Rate With China’s. Is He Corr by Racoon(op): 11:10am On Dec 07, 2023
You are fact checking someone who is well versed in economics. Meanwhile, a gbajue crooked criminal who said "nah statistics we go chop?" have ended up bastardizing the already battered economy of a country some more.
Re: FACT CHECK: Obi Compared Nigeria’s Budget, Poverty Rate With China’s. Is He Corr by Racoon(op): 11:10am On Dec 07, 2023
Population data from the World Bank estimates China’s population at 1.4 billion compared to 218 million in Nigeria. According to the UN estimates, China has 54.6 million people living in multidimensional poverty compared to Nigeria’s 71.9 million.

In November 2022, the National Bureau of Statistics (NBS) said 133 million Nigerian citizens (about 63%) are multi-dimensionally poor. Both sources confirm Obi’s statements that more people in Nigeria live in multidimensional poverty than in China, despite the variance in population.
What an irony. China with the largest population but high GDP than Nigeria with lower population size but lower GDP and a high number of people living in multidimensional poverty
Re: FACT CHECK: Obi Compared Nigeria’s Budget, Poverty Rate With China’s. Is He Corr by JagabanBorgu: 11:13am On Dec 07, 2023
“In a twist of sad irony, let me congratulate the giant of Africa, Nigeria, for matching the great China, with the same number of contingents at the ongoing COP28 in Dubai, United Arab Emirates,” the LP presidential candidate tweeted. Nigeria’s contingent to COP28 totalled 1,411, the same number as the Chinese contingents.”
This particular statement has done Obi more damagè than he can thiñk.
U dón't have to throw tantrums because u Ióst election, he's not any better, the 2nd wórst govèrñór in the history Anambra.
Throwing tantrums wón't make Nîgeriàns accept him, Nîgeriàns now have enough time to see him for the hypocrîté that he is, in 10 months his fanatical fan base wanted to gaslight the entire country into voting him, 2027 will be way tougher for him.

Re: FACT CHECK: Obi Compared Nigeria’s Budget, Poverty Rate With China’s. Is He Corr by Bobloco: 12:01pm On Dec 07, 2023
Racoon:
You are fact checking someone who is well versed in economics. Meanwhile, a gbajue crooked criminal who said "nah statistics we go chop?" have ended up bastardizing the already battered economy of a country some more.
Don't mind those internet wildebeests

They think Peter Obi who is well versed in economics can be compared to their notorious narcotics drug trafficker, certified certificate forger who knows next to nothing about economics.
Re: FACT CHECK: Obi Compared Nigeria’s Budget, Poverty Rate With China’s. Is He Corr by Iykopee(m): 2:50pm On Dec 07, 2023
This is Peter Obi talking in statistics and economics combined, in what should be known as statistical economics.

However, the drug baron was smiling like a Venezuelan monkey on sighting skyscrapers in Dubai with his foolishness that birthed the popular mantra, " NA STATISTICS WE GO CHOP "
😋😋😋
Re: FACT CHECK: Obi Compared Nigeria’s Budget, Poverty Rate With China’s. Is He Corr by Blackfire(m): 4:19pm On Dec 07, 2023
So you mean you couldn't get just 1 thing wrong in his statistical quotes ...


Someone should check again
Re: FACT CHECK: Obi Compared Nigeria’s Budget, Poverty Rate With China’s. Is He Corr by garykoeman: 4:40pm On Dec 07, 2023
Statistician wey leave behind beer parlour as legacy in Anambra.

Yeye dey smell.

A bigot, corrupt politician, fraudulent character former drug traffickers and religious fantastic.
Re: FACT CHECK: Obi Compared Nigeria’s Budget, Poverty Rate With China’s. Is He Corr by Lovemeharder(f): 7:43am On Dec 08, 2023
Nigeria na suffer.
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