₦airaland Forum

samuelson06:
Hahaha

Your comment is so petty. I thought you'll begin to list Soludo's achievements as the governor. Professor of Economics or whatever is a personal thing. What's our business with that? Talk about his achievements that have direct impact on the people's lives.

pneumatikos:
You haven't explained anything here. Give us breakdowns, talk with facts.

gerrardomendes:
Prof should show us any investment he has brought to Anambra state and how much they generate from them as tax.

osuofia2:
His achievement superceeds your hero. Go to Anambra and the work of his hands. Not by shouting go and verify

Lekby25:
The money earned from crude oil, is it managed well over the past years , the little tax collected from the people, is it managed well over the past years , stop comparing developed nations with Nigeria, the way they manage their resources, it is not thesame way we manage our own here

lionshare:
This is the problem: you don’t understand how owning shares in a public company works. Otherwise, you wouldn’t be insulting a professor.
SabMiller is part of the International Breweries group, which is listed on the NGX. To understand Soludo’s position, you need to find out:
• How many shares Anambra owns in International Breweries,
• The current valuation of these shares,
• And how this compares to the amount originally invested.
If you do this, you’ll understand why you’re wrong on many fronts.

lionshare:
This is the problem: you don’t understand how owning shares in a public company works. Otherwise, you wouldn’t be insulting a professor.
SabMiller is part of the International Breweries group, which is listed on the NGX. To understand Soludo’s position, you need to find out:
• How many shares Anambra owns in International Breweries,
• The current valuation of these shares,
• And how this compares to the amount originally invested.
If you do this, you’ll understand why you’re wrong on many fronts.

theantidote:
This is a handwriting of Peter Obi's supporter, mind you if any man from this geopolitical zone is ever going to become the president of Nigeria it is definitely going to be Charles Soludo and not Obi

osuofia2:
His achievement superceeds your hero. Go to Anambra and the work of his hands. Not by shouting go and verify

jmoore:
https://www.facebook.com/61577986553693/posts/pfbid0zq7ZMqmBXtWJ4AyukqDei33j3FFCm3LFzeTMCUPdj8FoLuprYP6Fa3Xigr7zvRDnl/?app=fbl

lionshare:
This is the problem: you don’t understand how owning shares in a public company works. Otherwise, you wouldn’t be insulting a professor.
SabMiller is part of the International Breweries group, which is listed on the NGX. To understand Soludo’s position, you need to find out:
• How many shares Anambra owns in International Breweries,
• The current valuation of these shares,
• And how this compares to the amount originally invested.
If you do this, you’ll understand why you’re wrong on many fronts.

loffyloffy:
It is a pity when people who don't understand basic English turn themselves into writers of rejoinders .

Soludo never said the Brewery is 'Worth Northing' he said he said 'Peter Obi's investment in the Brewery is worth nearly nothing' . If you understand basic English you will know that there is a difference between those two statements.

The Brewery that Obi invested in has been taking over by another Brewery, the value of his original investment in that company is in all probability less than the original amount he invested. This has been stated at various times on this forum.

Yes Soludo exaggerated when he said 'Northing' but only the ignorant will assume that he is talking of the company instead of the actual investment.

Thiefobi1:
Thank you Gov soludo for not been a tribalistic man.

A man who see the truth and speaks.

History will remember you.

Lamasta:
Am not sure he's using the brain in governance and politics

lionshare:
This is the problem: you don’t understand how owning shares in a public company works. Otherwise, you wouldn’t be insulting a professor.
SabMiller is part of the International Breweries group, which is listed on the NGX. To understand Soludo’s position, you need to find out:
• How many shares Anambra owns in International Breweries,
• The current valuation of these shares,
• And how this compares to the amount originally invested.
If you do this, you’ll understand why you’re wrong on many fronts.

Niceguy4ever:
Vote IkukuOma.
Let him liberate Ndi Anambra from this fake solution.

Bosman17:
The prof simply debunked a lie… The prof is not in Obi’s level at all. He was one of the most successful Governor of the CBN🙌🏿🙌🏿

MrPresident1:
Who is the mad person challenging Soludao professorship? Best in BSc, Best in MSC, Best in PhD, best in Professor

If you want to challenge anything, it just cannot be Soludo brain

Is an Atari ajanaku brain

lionshare:
This is the problem: you don’t understand how owning shares in a public company works. Otherwise, you wouldn’t be insulting a professor.
SabMiller is part of the International Breweries group, which is listed on the NGX. To understand Soludo’s position, you need to find out:
• How many shares Anambra owns in International Breweries,
• The current valuation of these shares,
• And how this compares to the amount originally invested.
If you do this, you’ll understand why you’re wrong on many fronts.

osuofia2:
Shame on Obidients, after all the mouth making. It is only Sabmillers brewery that their saint obi can boast of. Funny enough Sabmillers is a private entity with government shares.
FYI, Professor Soludo Is a seasoned world renown professor of Economics. His one of the best CBN governor to date

festacman:
No politician gives any iota of advantage to his political opponent. Ever heard Trump say anything good about the Democrats and their past presidents?

Prof. Soludo is not stupid. He is a governor through politics and politicking and not through academic prowess. Look, if he agrees with Peter Obi as a loyal brother on certain issues, Peter Obi's candidate will unseat him as governor.

It is what it is. It is the way of partisan Politics.

lionshare:
This is the problem: you don’t understand how owning shares in a public company works. Otherwise, you wouldn’t be insulting a professor.
SabMiller is part of the International Breweries group, which is listed on the NGX. To understand Soludo’s position, you need to find out:
• How many shares Anambra owns in International Breweries,
• The current valuation of these shares,
• And how this compares to the amount originally invested.
If you do this, you’ll understand why you’re wrong on many fronts.

gidigbam1:
Let me help break this down:

Anambra State invested $30 million USD in the brewery project, an amount that was equivalent to approximately ₦48 billion at the time.

Today, the value of those shares in SABMiller (now owned by AB InBev) has dropped to less than $3 million USD. This means the original ₦48 billion investment is now worth less than ₦4.8 billion. In essence, Anambra State has lost about $27 million USD or over ₦45 billion.

Now that Anambra is earning ₦300 million annually from that investment, it would take roughly 160 years for Anambra State to recover its initial $30 million investment.

Tell me how that type of investment makes any sense!!!

franugo:
We have too many people arguing blindly and with emotions...let us take emotions away from this and argue with facts, I will try to do so below:

In 2012, Peter Obi 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) to purchase 407,321,264 ordinary shares of the company now known as Sabmiller brewery, which means that then the price per share was around #4.8. fast forward to today, price per share is #57.60 on NGx which means that if Anambra state were to sell their total shares today, they'll realize over #23b, which means their shares have appreciated in naira value by over #21b. Now let's look at the USD value, in 2012, the USD value of the shares was $12m, when you convert the current naira value of the shares i.e #23b to USD, you get $15m, so it's also appreciated in USD value despite the fact that rates have taken a catastrophic nosedive since 2012.
All in all, it seems like a decent investment, I'm not sure why there's so much angst about it, or Maybe my math is not mathing?

https://www.vanguardngr.com/2022/06/dollar-value-of-peter-obis-investment-for-anambra-now-us3-7million-or-us5-3-million-depending-on-exchange-rate/