nedu666:


Would it make sense to construct another lagos Ibadan expressway that goes tru the Bush when there is an existing road. Or imagine construction of another steel mill while ajoakuta is left to rot.

but dem fit build fourth mainland bridge abi?

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

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

Beautifulday:
A lot of idiots have access to microphone in Nigeria.This writer has not been to a beach before.

There are more that 100 businesses that offer products and services in a moderate beach without any investment interest not to talk of 200 million dollars investment.

When a company of these size goes down, a lot of other smaller businesses that offers complimentary businesses and services go down.

The smaller businesses may have 5 to 10 employees but when you multiply it by the number of such businesses, you will understand the after effect of such businesses going down.

The reality is that if Landmark is encroaching on Government land, I don't see why there should be an uproar if the government takes it back.

My major concern is what happens to the older roads?
IMO, FG should have done extensive rehabilitation to the existing roads, then let private companies handle the coastal road and recover their money through tolling

mrvitalis:

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

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.

mrvitalis:

And what is the economic benefits of 3rd mainland bridge?

A simple fairy system that can carry people and car would do and generate billions

All you APC people know is to build worthless projects that u can brag with, that's all

For you that's governance

GDP growth, HDI and other relevant development stats means nothing to you

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

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

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

Obi amd his obituarists at their usual mad men general meetings

Our politicians are very clever when doing evil, they will leave you chasing clouds while the truth is beneath your nose, nobody is talk about the road project being bad, why leave the original plan of the road, why taking the road through the beach that is longer before taking it back to the original path, sometimes when people talk on this platform, it just like a reminder that this country is far from getting better, because the level of shallow thinkers, hates, people that is ready to post any rubbish for 2k, etc in this platform,,,, it just a pity. I remove cap for these our politicians, they are the winners las,las hence we continue like this

mrvitalis:

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

In August 2013, Peter Obi, the governor of Anambra state, invested 2 billion Naira (approximately US\$12,616,356.43) [b]of state money[i][/i] [/b]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.


I have to drill this deep into your skull.....

Show us any document from reputable news or govt where land was even mentioned as the investment

Bliss4Lyfe:




U have spoken like a dunce again.


Very emotional but what is your emotion worth, when it is devoid of reason and objectivity.


Your emotions is worth nothing.


If the mismanagement continues, Nigeria will collpase and it will happen right before your eyes.

u don't need an expert to tell who is speaking like a mumu between both of us...

Well fools also thinks dey are wise

So building a road is corruption?

socialmediaman:
There is a East-West road that connects Niger Delta cities to Lagos which is uncompleted yet government’s priority was to hastily award trillions of naira contract for a new road construction

Make this make sense!

Meanwhile did you see how some criticism against Peter Obi from a random nobody quickly made it to frontpage?

The question you should ask yourself is, if they want you to hate PO, are they making life easier for you, or are they fighting him to protect their corrupt asses?

What an epic reply

CodeTemplar:
Empty reply. Just few months ago, there was not a dime for subsidy so where is fund for a redundant project suddenly coming from?
Palliative are being postponed but questionable projects are spring up.

questionable projects?

mrvitalis:

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

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?

Godfullsam:
Omoh!

See finishing

...and to realize that this upper cut is coming from an igbo .

Obidients, what do you guys have to say?

What is the benefit of this Lagos - Calabar high way to the Nigerian state as of today, when there are several super highways in a deplorable condition already?

It would have been better to concentrate on building train tracks all over the country so that bulk commercial products like Petroleum can be ferried by train instead of using the conventional roads via trucks. This has resulted in many accidents and rapid dilapidation of high ways in Nigeria.

Common sense is never common especially when the intention behind the action is guided by selfish ambition and corrupt tendencies.

Confirmedzombie:
This is a brutal upper cut. I am sure obi will weep reading this reply.

We await Reno, Bwala and others upper cut.

Those advising obi are too dull. No matter what obi says or does, he can never rule Nigeria.

Come 2027, many vibrant and younger aspirants will emerge and obi popularity will fade away.

At the moment the noise of obedients is making obi assume he has lots of chances come 2027.

The North will never allow anyone takeover from the present govt cos that will be suicidal for the North come 2031 which is their turn.

Obi should go and rest abeg

Young man, there is nothing like upper cut here. No reasonable government embark on an elephant project when the economy is almost down and never all resources to be tailored to revive it. Government prioritize her business in an excruciating economy. As at today virtually all our roads need the required helps it desired, whether in the north or south but an unpatriotic government is embarking on elephant project that will span more than 10 years to its fruition.
It the same government that has dipped into her reserve to service debt owed. Same government that her naira is depreciating virtually everyday. Same government that are citizens are languishing in penury and poverty. Same government that the country it controls is the world poverty capital. Same country that her citizens cannot eat successfully three square meals. Instead of them to prioritize their businesses they are flexing muscles to dip the economy further.
An ill-prepared government will always take wrong steps in all her businesses. It's not farfetched for them to commit monumental errors of greater proportion.
Nobody saying the project is not good but ill-timed because of the economy situation and the existing dilapidated roads that need urgent attention that the government will spend less on.
You people think you're patriotic but in essence, you guys are the real enemies of this nation. Oppositions talked and talked during Buhari's regime but they were shouted down at but today the same group of people that vehemently resisted dissenting voices are the ones complaining about the administration of Buhari that he ruined the economy but the oppositions were the enemies then. Now the same.set had begun with the same rat race abuse of dissenting opinions, as they are liken to a stray dog that won't hear the whistle of the hunter. You guys should continue, my only concern is we face the brunt together when it start happening.

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

socialmediaman:
There is a East-West road that connects Niger Delta cities to Lagos which is uncompleted yet government’s priority was to hastily award trillions of naira contract for a new road construction

Make this make sense!

Meanwhile did you see how some criticism against Peter Obi from a random nobody quickly made it to frontpage?

The question you should ask yourself is, if they want you to hate PO, are they making life easier for you, or are they fighting him to protect their corrupt asses?

East - West road is NDDC project and Tinubu has ordered for its completion. You should blame your people that have been embezzling NDDC money with nothing to show. I don't know how that is Tinubu problem.

Tell Obi that I said he's vision less. He cannot see beyond today and as such he doesn't deserve to be president. Tinubu is a visionary leader and soonest you would begin to see the gains.

ClearFlair:
They want to start attacking the truth again. But the truth will always prevail.

What's the truth?


What truth is in the mouth of a man that sworn that he won't leave apga?


He can only foool his imbeciles that see him as their demigod

IfnobeGod20:

Young man, there is nothing like upper cut here. No reasonable government embark on an elephant project when the economy is almost down and never all resources to be tailored to revive it. Government prioritize her business in an excruciating economy. As at today virtually all our roads need the required helps it desired, whether in the north or south but an unpatriotic government is embarking on elephant project that will span more than 10 years to its fruition.
It the same government that has dipped into her reserve to service debt owed. Same government that her naira is depreciating virtually everyday. Same government that are citizens are languishing in penury and poverty. Same government that the country it controls is the world poverty capital. Same country that her citizens cannot eat successfully three square meals. Instead of them to prioritize their businesses they are flexing muscles to dip the economy further.
An ill-prepared government will always take wrong steps in all her businesses. It's not farfetched for them to commit monumental errors of greater proportion.
Nobody saying the project is not good but ill-timed because of the economy situation and the existing dilapidated roads that need urgent attention that the government will spend less on.
You people think you're patriotic but in essence, you guys are the real enemies of this nation. Oppositions talked and talked during Buhari's regime but they were shouted down at but today the same group of people that vehemently resisted dissenting voices are the ones complaining about the administration of Buhari that he ruined the economy but the oppositions were the enemies then. Now the same.set had begun with the same rat race abuse of dissenting opinions, as they are liken to a stray dog that won't hear the whistle of the hunter. You guys should continue, my only concern is we face the brunt together when it start happening.

So the govt should embark on ant project because economy is down?


You don't achieve greater things through limitations, you southeasterners need to stop allowing hate to overtake you people common sense



I hope the south south knows their enemies on time

Beautifulday:
A lot of idiots have access to microphone in Nigeria.This writer has not been to a beach before.

There are more that 100 businesses that offer products and services in a moderate beach without any investment interest not to talk of 200 million dollars investment.

When a company of these size goes down, a lot of other smaller businesses that offers complimentary businesses and services go down.

The smaller businesses may have 5 to 10 employees but when you multiply it by the number of such businesses, you will understand the after effect of such businesses going down.

Don't you think that the affected businesses can easily relocate to another beach side or shift base after the area needed for road is marked?

Is demolition of business premises means the end of such business?

Though I would have prefer government use this money to fund electricity generation but since the contract has already being awarded, we dont have choice than to hope for its success.

Loosing general election in Nigeria can bring excruciating pain like no other

mrvitalis:

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

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

Obingo is a man that performed woefully in Anambra State for 8years, he's doing everything for 2027 elections, nobody takes the serial party defector and Pandora fraudster serious except for the deluded obirodent miscreants.
Obingo is a failure in all ramifications.

OkoRemi2023:



So the govt should embark on ant project because economy is down?


You don't achieve greater things through limitations, you southeasterners need to stop allowing hate to overtake you people common sense



I hope the south south knows their enemies on time

See myopic mind. So everyone that comment against this unpopular project and share his opinion is from southeast. You guys have a long way to go. Sorry I am a typical Yoruba man.
I repeat no reasonable government embark on an elephant project during economy downturn. They consciously manage the minimum resources available for the greater good of the citizens. You cannot continue pressing the neck of the citizens just because you want people to think you're doing work.
What you people have refused to answer is what has been done on the existing roads? Are the roads in good shape? Yes the project is good but do we need such at this material time of our economy situation. Government prioritize businesses for the good of the people. This trying and error won't favour the country at all.
South South know that the real enemies are those subjecting them to acute poverty and those that have left east west road unfinished but starting another one that may be abandoned for no reason, the same way they have abandoned many uncompleted roads and projects across the nation. Wasteful generation of people that don't think beyond their nose.

Olaniyi have spoken 😂

mrvitalis:

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

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.

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:
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

Who take these failures seriously!