₦airaland Forum

During Peter Obi's administration, he invested $12,616,356.43 approx $13m US dollars into sabmiller.

If you fix $13m at a mere 10% annual interest rate, you will be making a cool $1.3m or about N3 billion Naira every year.

With what was declared by Anambra state government, Sabmiller is not anywhere generating this on the investment Anambra state stashed into it.

Soludo is right. That investment is worthless. A good business man would have turned that $13m multiple folds by now.

Peter Obi used Anambra state finances to grow a business he has personal interests in.

So you . . . As a governor will carry all that money and fix in deposit account meanwhile it creates no single jobs for your people except to allow banks use that money to further enrich their shareholders alone? 🤡

See how you people are beginning to sound and we are still in 2025

SeeWahala:
So you . . . As a governor will carry all that money and fix in deposit account meanwhile it creates no single jobs for your people except to allow banks use that money to further enrich their shareholders alone? 🤡

See how you people are beginning to sound and we are still in 2025

I'm sure not building an alcoholic brewery as a means to empower my people.

naijapips04:
I'm sure not building an alcoholic brewery as a means to empower my people.

Na you sabi keep chewing the corn 🌽 na your own teeth e go scatter finally

SeeWahala:
Na you sabi keep chewing the corn 🌽 na your own teeth e go scatter finally

Ofeke. Zuzupu.

Sabmiller was a senseless investment. There are so many empowerment schemes that were possible with that investment. Meanwhile Obi choose to lump a whooping $13m into an investment that is generating less than 5% in annual returns while the people suffer. No government presence. No investment on infrastructure. All because he wants to improve the books of a company he has personal interests and investments in.

I know you must be Agbado with this reasoning that believes Peter Obi was buhari, emefiele, tinubu and Cardozo that crashed naira from its value of less than 150 naira when Obi invested in sabmiller to present value of almost 2,000 naira . Inspite of these destructive policies of Agbado which they blame Peter Obi for sabmiller still generates more revenue than than the brewery in Ogun and Edo combined . Everything Peter Obi touches turns to gold but everything tinubu touches…….

You don’t know much. For you to compare things well, you need to include the whole benefits of the brewery including the salaries it pays to workers and wider secondary benefits

rinzaugustine:
I know you must be Agbado with this reasoning that believes Peter Obi was buhari, emefiele, tinubu and Cardozo that crashed naira from its value of less than 150 naira when Obi invested in sabmiller to present value of almost 2,000 naira . Inspite of these destructive policies of Agbado which they blame Peter Obi for sabmiller still generates more revenue than than the brewery in Ogun and Edo combined . Everything Peter Obi touches turns to hold but everything tinubu touches…….

Stick to topic, Ewu. Peter Obi had $13m to invest. He choose to invest in an alcoholic plant that returns less that 5% ROI. Not a Tinubu fan but compare this with the investments Lagos state made within the same period in infrastructure, Tourism etc and see how much they are yielding now.

naijapips04:
I'm sure not building an alcoholic brewery as a means to empower my people.

And you are not aware that we have non alcoholic beer, nor are you aware that malts are brewed in brewery.

naijapips04:
Ofeke. Zuzupu.

Sabmiller was a senseless investment. There are so many empowerment schemes that were possible with that investment. Meanwhile Obi choose to lump a whooping $13m into an investment that is generating less than 5% in annual returns while the people suffer. No government presence. No investment on infrastructure. All because he wants to improve the books of a company he has personal interests and investments in.

Sultannayef:
You don’t know much. For you to compare things well, you need to include the whole benefits of the brewery including the salaries it pays to workers and wider secondary benefits

And the number of drunks it has churned out too?

bamosagie:
And you are not aware that we have non alcoholic beer, nor are you aware that malts are brewed in brewery.

Their best selling products by a large margin are their alcohol drinks. Infact 80% of all outputs are alcoholic.

Every tom, dick, harry and empty vesse/ now have an opinion on sabmiller. When you ask them how they contributed to improving their immediate environment, they will go mute.
Omo ti elegbede.

naijapips04:
Ofeke. Zuzupu.

Sabmiller was a senseless investment. There are so many empowerment schemes that were possible with that investment. Meanwhile Obi choose to lump a whooping $13m into an investment that is generating less than 5% in annual returns while the people suffer. No government presence. No investment on infrastructure. All because he wants to improve the books of a company he has personal interests and investments in.

So many empowerment schemes.
Which ones did Tinubu do in Lagos?
Which ones has he done in Nigeria now?

naijapips02:
Stick to topic, Ewu. Peter Obi had $13m to invest. He choose to invest in an alcoholic plant that returns less that 5% ROI. Not a Tinubu fan but compare this with the investments Lagos state made within the same period in infrastructure, Tourism etc and see how much they are yielding now.

naijapips02:
Their best selling products by a large margin are their alcohol drinks. Infact 80% of all outputs are alcoholic.

And all those alcoholic drinks have non alcoholic version for people who do not take alcohol

Bolanle pepper dem o

Go and sleep and stop being a hypocrite. How Is it useless ?

In south east, our weekend is not complete without beer. Talk of burials, all celebrations including children's birthday. Children go dey drink malt, their parents go gather for one corner dey download beer.

I can't think of a south east without beer. Even our northern brothers in south east, dey enjoy beer with us freely. So no one should come here and condemn sabmiller coz that's our h.b.p medicine and tonic

naijapips02:
And the number of drunks it has churned out too?

let's also compare the number of drunks Lagos state produces with Nigerian Breweries and Guiness alone. Let's not also forget the state that hosts Action Bitters company and other satchet alcoholic beverages. You shouldn't throw stones in glass houses while trying to be smart but one advice I have for you is to ask your assembly members to chase away all alcoholic beverage companies in the SW so we can take you seriously. Shalom

bamosagie:
And all those alcoholic drinks have non alcoholic version for people who do not take alcohol

You seem to be having a hard time understanding my statement. Predominantly their outputs are alcoholic. It's a bad investment. And it sure it's not doing great things for the society. I can tie that brewery to the increase in senseless IPOB criminals.

naijapips04:
During Peter Obi's administration, he invested $12,616,356.43 approx $13m US dollars into sabmiller.

If you fix $13m at a mere 10% annual interest rate, you will be making a cool $1.3m or about N3 billion Naira every year.

With what was declared by Anambra state government, Sabmiller is not anywhere generating this on the investment Anambra state stashed into it.

Soludo is right. That investment is worthless. A good business man would have turned that $13m multiple folds by now.

Peter Obi used Anambra state finances to grow a business he has personal interests in.

I concur with you, Obi is a trader, his knowledge on Investment decision is limited. Compare to what Tinubu did.

If u calculate the multiplier effects of that investment,it generates over that amount u quoted in a single month


You are a bad student if economics and general knowledge

Another analogy...if them calculate money ur parents and every other individual spent on u since birth e go don reach billions ...but here u are now perhaps u havent made 10m your entire life. Shall we say you should never have been born? Or trained? Because if them fix that billions e go dey generate millions yearly

naijapips04:
During Peter Obi's administration, he invested $12,616,356.43 approx $13m US dollars into sabmiller.

If you fix $13m at a mere 10% annual interest rate, you will be making a cool $1.3m or about N3 billion Naira every year.

With what was declared by Anambra state government, Sabmiller is not anywhere generating this on the investment Anambra state stashed into it.

Soludo is right. That investment is worthless. A good business man would have turned that $13m multiple folds by now.

Peter Obi used Anambra state finances to grow a business he has personal interests in.

You don't mind being stupid just to dematket someone.

Dangote spent over 20 billion United States dollar on his refinery. Dangote refinery doesn't make upto 5% ROI.

Your criticism is of no substance.

Says a man who has no single investment.

Do you know what it means for a company to employ over 5000 people, directly and indirectly.

Have you ever created a job in your life

ariefadenco:
You don't mind being stupid just to dematket someone.

Dangote spent over 20 billion United States dollar on his refinery. Dangote refinery doesn't make upto 5% ROI.

Your criticism is of no substance.

You seem not to understand simple economics. I invested N1m in Dangote's business and I'm making less than N30K from my N1m in one year. Infact if they bring that kind of investment to you, I'm sure you will flog that person.

Betanaija42moro:
Says a man who has no single investment.

Do you know what it means for a company to employ over 5000 people, directly and indirectly.

Have you ever created a job in your life

Surely, I'm not as a government creating factory jobs for my people to max produce alcohol to drown their perceptions of my incompetence. Obi was a massive failure as a governor asides these useless investments he has nothing to show.

In other words Nigeria breweries, guniness are bad investment. Heineken should have invested the billions of dollars it spent building factories in fixed deposits at 10%. Even nestle should close their factory and invest the money in fixed deposits. You can educate the ignorant. Ignorant people always think their opinions are sensible

naijapips04:
During Peter Obi's administration, he invested $12,616,356.43 approx $13m US dollars into sabmiller.

If you fix $13m at a mere 10% annual interest rate, you will be making a cool $1.3m or about N3 billion Naira every year.

With what was declared by Anambra state government, Sabmiller is not anywhere generating this on the investment Anambra state stashed into it.

Soludo is right. That investment is worthless. A good business man would have turned that $13m multiple folds by now.

Peter Obi used Anambra state finances to grow a business he has personal interests in.

Since soludo became governor hasn't he come across 13milkion dollars state funds... What income generating biz is he doing with it...


Be also mindful dt PO bought alot of FG and EU bonds which are also generating money till now....