1. Nigeria’s poverty rate grows at 6% per minute
“We now live in a country where we have the highest number of poor people in any nations, 87 million, and growing 6 per cent every minute,” he said.

Fact - The claim is false. If we follow the premise of Nigeria’s poverty rate growing by 6 per cent every minute, it means by the fourteenth minute, the entire population (assuming even that it grows to 205.8 million) will be extremely poor.

2. Nigeria dropped on HDI from 152 to 157 …
He said: “Our HDI has dropped from 152 to 157, our global competitive index has dropped from 124 to 127. In terrorism, we have moved from seven to number three behind Iran and Afghanistan

Fact - According to World Economic Forum’s 2015-16 Global Competitiveness Report, Nigeria ranked 124 out of 140 countries, an improvement from the 127th position of the previous year.


3. Nigeria uses over 50 per cent of revenue for debt management and owes N22.7 trillion

He said: “Today we are virtually at a level where our debt is not sustainable because we are using over 50 per cent of our revenues to service debt, which means we don’t even have enough to be able to do infrastructural projects that are highly needed in this country.”

Fact - DMO had said in January that Nigeria’s spending on debt servicing stands at 34.02 per cent of revenue — as likewise noted in its 2017 Report of the Annual National Debt Sustainability Analysis (DSA), the latest of such reports.

4. Bank loans are about 15 per cent of GDP… China is 250 per cent of GDP
“Your banks today, all the loans they have given are about 15 per cent of your GDP, when other countries are doing 50, 100 percent. China alone is doing 250 per cent on their GDP as credits to businesses, to private sector,” Obi said, while answering a question on driving investments to the economy.

Fact - The claim is exaggerated. According to data sourced from the IMF and made available on TradingEconomics, which provides more than 20 million economic indicators for 196 countries, in Nigeria, domestic credit provided by the bank sector as a per cent of the GDP for 2017 is 26.56 per cent. For China, the figure stands at 215 per cent.

5. Nigeria has only 2 million vehicles, 10 per 1000
He said: “It [subsidy] is a waste… what are you actually subsidising? Look at it. Nigeria has one of the low car ownership in the world. It is 10 per thousand. So we have only two million vehicles, and you are paying almost a trillion when we have 87 million people that are poor.”

Fact - According to data from the National Bureau of Statistics (NBS), Nigeria’s estimated vehicle population as at the second quarter of 2018 is 11,760,871, and the vehicle per population ration was put at 0.06 (as against Obi’s 0.01).

6. 40 per cent of the GDPs of China, Indonesia and Malaysia from manufacturing

“No country that is doing well… If you look at the GDP of China, 40 per cent is from manufacturing, Indonesia 40 percent, Malaysia 40 percent. Even in the western world… yours is under eight, and your factories are closing down,” he said

According to 2017 data from the World Bank, while the manufacturing sector contributes 29.3 per cent to China’s GDP, it contributes 20.12 per cent to Indonesia’s GDP and 22.3 per cent to Malaysia’s GDP — none of the figures as high as that cited by the PDP candidate.


7. Total bank loans today is N19tn and only 0.5% goes to SMEs
He said: “You can look at your loan portfolios. Today, the total loan from the banks is N19 trillion, and only … 0.5 per cent of that goes to your SMEs, where in the countries it is about 20 percent.”

It is the Central Bank of Nigeria’s Statistical Bulletin on Financial Statistics Out of this, N10.7 billion went to small-scale enterprises, which amounts to 0.1 per cent. The only periods when the percentage increased between 2014 and 2017 was in the second quarter of 2014 and the first quarter of 2017 when it was 0.2 and 1.7 per cent respectively.

8. The power generation in Indonesia is 50,000 megawatts for 250 million people…

“…If you can support the SMEs properly and be able to work on your manufacturing, which then leads to the issues of power, because what we are generating today is too low. Look at your competitors, the lowest that you can see in the MIND countries is Indonesia that is generating 50,000 for 250 million people and you are generating about 4,000 for 200 million,” Obi said.

Fact - according to data from the U.S. Department of Commerce’s International Trade Administration, by the end of 2016, Indonesia’s “installed generation capacity was 58,541 MW, with 40,461 MW (75%) generated by state-owned National Electric Company (PLN) and the remainders, 13,254 MW and 2,434 MW are produced by independent power producers (IPPs) and private power utility (PPUs) respectively”.


9. African trade today is less than 9% … Oil gives 80% of our forex


“African trade today is less than nice percent, and ff we get it right it can go as high as 30 per cent or 40 percent. The foreign exchange you are saying today you’re now earning from oil, oil now gives you 80 per cent of your foreign exchange, when in effect if you do the right things, you can have twice than coming from manufacturing,” he said, while commenting on the African Continental Free Trade Agreement.

Fact - According to the NBS, crude oil and other petroleum products constituted up to 87.7 per cent of Nigeria’s foreign exchange earnings in the first quarter of 2018.


10 - I have invested aggressively in education as governor, taking my state from being 28th to number one…
“The more you invest in education, the better your economy. So we will aggressively invest in education. I have done this even as a governor of a state, where I took a state from being number 28 to number one, because we know the value of education. I was the first to equip all our schools with ICT… Go to HP, I bought the highest [number of] computer[s] ever bought by a government in Africa: 30,000. So I know the value,” he said.

Fact - It is not clear if this last claim applied generally or was restricted to sub-national governments only. Records, however, show that countries such as Rwanda, Kenya, and South Africa have implemented much more ambitious educational computer projects before 2015.


11. NPA has an office and guesthouse in London
Obi said: “Nigerian Ports Authority, for years, looked at the expansion that is coming and everything and decided not to invest. Instead, we are using money wrongly. Nigerian Ports Authority is the only ports in the world that has an office, even a guesthouse, outside its country of operation. They have a guesthouse in London; and that is the problem.”

According to NPA, the agency operate an overseas liaison office” with the physical address stated as: 2nd Floor, Allenby House, 1a Temple Rd Cricklewood, London.

You are wasting your time....cos you dont have a point with all these ur useless post on Nairaland. Peter Obi is the next President of Nigeria. Take it to the bank today!

Obi isn't as Intelligent as they want to force us to believe


Go and listen to Fashola, Moghalu, Sanusi, Soludo, Oby Ezekwisili, Osinbajo if you want sensible discussion and not I have one shoe, Singapore and Dubai bullshit

Go and listen to Nwajuba as young as he is he has more knowledge than Obi



Obi and Sowore belongs to the same class of mediocre



.

moghalu2010:
1. Nigeria’s poverty rate grows at 6% per minute
“We now live in a country where we have the highest number of poor people in any nations, 87 million, and growing 6 per cent every minute,” he said.

Fact - The claim is false. If we follow the premise of Nigeria’s poverty rate growing by 6 per cent every minute, it means by the fourteenth minute, the entire population (assuming even that it grows to 205.8 million) will be extremely poor.

2. Nigeria dropped on HDI from 152 to 157 …
He said: “Our HDI has dropped from 152 to 157, our global competitive index has dropped from 124 to 127. In terrorism, we have moved from seven to number three behind Iran and Afghanistan

Fact - According to World Economic Forum’s 2015-16 Global Competitiveness Report, Nigeria ranked 124 out of 140 countries, an improvement from the 127th position of the previous year.


3. Nigeria uses over 50 per cent of revenue for debt management and owes N22.7 trillion

He said: “Today we are virtually at a level where our debt is not sustainable because we are using over 50 per cent of our revenues to service debt, which means we don’t even have enough to be able to do infrastructural projects that are highly needed in this country.”

Fact - DMO had said in January that Nigeria’s spending on debt servicing stands at 34.02 per cent of revenue — as likewise noted in its 2017 Report of the Annual National Debt Sustainability Analysis (DSA), the latest of such reports.

4. Bank loans are about 15 per cent of GDP… China is 250 per cent of GDP
“Your banks today, all the loans they have given are about 15 per cent of your GDP, when other countries are doing 50, 100 percent. China alone is doing 250 per cent on their GDP as credits to businesses, to private sector,” Obi said, while answering a question on driving investments to the economy.

Fact - The claim is exaggerated. According to data sourced from the IMF and made available on TradingEconomics, which provides more than 20 million economic indicators for 196 countries, in Nigeria, domestic credit provided by the bank sector as a per cent of the GDP for 2017 is 26.56 per cent. For China, the figure stands at 215 per cent.

5. Nigeria has only 2 million vehicles, 10 per 1000
He said: “It [subsidy] is a waste… what are you actually subsidising? Look at it. Nigeria has one of the low car ownership in the world. It is 10 per thousand. So we have only two million vehicles, and you are paying almost a trillion when we have 87 million people that are poor.”

Fact - According to data from the National Bureau of Statistics (NBS), Nigeria’s estimated vehicle population as at the second quarter of 2018 is 11,760,871, and the vehicle per population ration was put at 0.06 (as against Obi’s 0.01).

6. 40 per cent of the GDPs of China, Indonesia and Malaysia from manufacturing

“No country that is doing well… If you look at the GDP of China, 40 per cent is from manufacturing, Indonesia 40 percent, Malaysia 40 percent. Even in the western world… yours is under eight, and your factories are closing down,” he said

According to 2017 data from the World Bank, while the manufacturing sector contributes 29.3 per cent to China’s GDP, it contributes 20.12 per cent to Indonesia’s GDP and 22.3 per cent to Malaysia’s GDP — none of the figures as high as that cited by the PDP candidate.


7. Total bank loans today is N19tn and only 0.5% goes to SMEs
He said: “You can look at your loan portfolios. Today, the total loan from the banks is N19 trillion, and only … 0.5 per cent of that goes to your SMEs, where in the countries it is about 20 percent.”

It is the Central Bank of Nigeria’s Statistical Bulletin on Financial Statistics Out of this, N10.7 billion went to small-scale enterprises, which amounts to 0.1 per cent. The only periods when the percentage increased between 2014 and 2017 was in the second quarter of 2014 and the first quarter of 2017 when it was 0.2 and 1.7 per cent respectively.

8. The power generation in Indonesia is 50,000 megawatts for 250 million people…

“…If you can support the SMEs properly and be able to work on your manufacturing, which then leads to the issues of power, because what we are generating today is too low. Look at your competitors, the lowest that you can see in the MIND countries is Indonesia that is generating 50,000 for 250 million people and you are generating about 4,000 for 200 million,” Obi said.

Fact - according to data from the U.S. Department of Commerce’s International Trade Administration, by the end of 2016, Indonesia’s “installed generation capacity was 58,541 MW, with 40,461 MW (75%) generated by state-owned National Electric Company (PLN) and the remainders, 13,254 MW and 2,434 MW are produced by independent power producers (IPPs) and private power utility (PPUs) respectively”.


9. African trade today is less than 9% … Oil gives 80% of our forex


“African trade today is less than nice percent, and ff we get it right it can go as high as 30 per cent or 40 percent. The foreign exchange you are saying today you’re now earning from oil, oil now gives you 80 per cent of your foreign exchange, when in effect if you do the right things, you can have twice than coming from manufacturing,” he said, while commenting on the African Continental Free Trade Agreement.

Fact - According to the NBS, crude oil and other petroleum products constituted up to 87.7 per cent of Nigeria’s foreign exchange earnings in the first quarter of 2018.


10 - I have invested aggressively in education as governor, taking my state from being 28th to number one…
“The more you invest in education, the better your economy. So we will aggressively invest in education. I have done this even as a governor of a state, where I took a state from being number 28 to number one, because we know the value of education. I was the first to equip all our schools with ICT… Go to HP, I bought the highest [number of] computer[s] ever bought by a government in Africa: 30,000. So I know the value,” he said.

Fact - It is not clear if this last claim applied generally or was restricted to sub-national governments only. Records, however, show that countries such as Rwanda, Kenya, and South Africa have implemented much more ambitious educational computer projects before 2015.


11. NPA has an office and guesthouse in London
Obi said: “Nigerian Ports Authority, for years, looked at the expansion that is coming and everything and decided not to invest. Instead, we are using money wrongly. Nigerian Ports Authority is the only ports in the world that has an office, even a guesthouse, outside its country of operation. They have a guesthouse in London; and that is the problem.”

According to NPA, the agency operate an overseas liaison office” with the physical address stated as: 2nd Floor, Allenby House, 1a Temple Rd Cricklewood, London.

show us the correct one by your candidate, simple

our incoming president to be

One thing I notice about obi is that he never spoke a truer word ...

Moh247:





Obi isn't as Intelligent as they want to force us to believe


Go and listen to Fashola, Moghalu, Sanusi, Soludo, Oby Ezekwisili, Osinbajo if you want sensible discussion and not I have one shoe, Singapore and Dubai bullshit

Go and listen to Nwajuba as young as he is he has more knowledge than Obi



Obi and Sowore belongs to the same class of mediocre



.

better than agbado munching gorilla Tinubu

Good to bring these out OP.

Looking at the 3rd point you raised (debt management), why are you relying on data published in January as your fact, bearing in mind we are in July?

What’s the DMO’s latest data on debt servicing?

The other points might be worth looking into. Would be peeved if it’s an exercise in futility.

Fact checker of the year!!
While you're at it, fact check whether he received immoral governor pension like the other thieves. Make sure you publish your research

That one can't stop us from voting him


Is obi or nothing