thebosstrevor1:
Peter Obi claims is that he is a good saver, that he doesnt borrow but data says other wise

lets check fact of peter obi's claim

1. FAAC Allocations ( federal allocation)

2011 - 48,169,192,345
2012 - 53,463,252,698
2013 - 61,087,819,917
2014- 54,967,429,203

Note: peter obi had the highest federal allocation of any anambra state governor

2. Internally Generated Revenue

2011 - 6,148,922,395
2012 - 7,601,582,012
2013 - 8,731,599,912
2014 - 10,454,312,316

Note: Peter obi couldn't generate enough IGR, Obiano in 2017 Generated about 17,365,385,831( the highest of any anambra state governor)

External Debt ( Money owned to lenders outside of the state)

2010 - 21,304,916.77
2011 - 24, 446,469.98
2012 - 26,708,648.57
2013 - 30,323,574.4
2014 - 45,154,626.04

Domestic Debt ( Debt owned to lenders inside the state)

2011 - 6,403,320,000
2012 - 14,299,990,000
2013 - 3,024,797,047
2014 - 2,876,176,930

Note: Obiano has the lowest domestic debt of any Anambra state governor( in 2017, Anambra domestic debt was 2,612,431,504)

Total Debt Stock ( Total Debt of Anambra state)

2011 - 10,301,896,354
2012 - 18,469,210,042
2013- 7,863,529,136
2014- 11,048,351,460

My data source : https://yourbudgit.com/state-economy/#4

mycar:


Hello poster, in as much as I do know the authenticity of your data but if you check the figures you posted, you could see the variation of the figure in an upwards direction.

To break it down for you , for example, if income is 6B in 2011, 7.6B in 2012, 8.7B in 2013 and 10.4B in 2014 , if you check well, there is a rate at which it is increasing and that may be due to variation in exchange rate.

Convert it to dollar, you will see that Obiano did not generate much in 2017.

Ordinarily Peter obi debt should also be increasing but it was not which means that the state debt was decreasing.

Get the dollar equivalent of those amount with respect to the exchange rate within the period under review then you will be ashamed of your criticisms.

Kalashnikov49:
You dey mind dem......to be a Tinubu supporter you have to be foolish.

Kalashnikov49:
You dey mind dem......to be a Tinubu supporter you have to be foolish.

thebosstrevor1:


You have no point. Income doesnt move up because of dollar rates but because of the increase in tax base.

btw, are we using dollar in Nigeria??

the money was borrowed in naira, so why should i convert to dollar

una wayo too much

thebosstrevor1:


You are apparently the foolish person.

I am off to bed.

derecho:
All these half baked analysts.

You feel Obidients are all daft like Tinubu who doesn't see the need to talk about Dollar because "we are paid in naira".

We have left this level.


Follow the youtube links below
Go watch this interview done in 2016 and see how channels TV interviewers were schooled

https://www.youtube.com/watch?v=PQ742rN_kuo

mycar:
let hate not take away your smartness.
Is crude oil not sold in naira?, if you want to compare how good or bad your currency is doing, you have to use a common factor, which is mostly dollar.

Don't sound like Tinubu. I know you would rather keep your money in dollar than Naira because of the purchasing power.

By the way, when there is an increase in the minimum wage, there is also an increase in the paye but at the end of the day, what's the purchasing power?

thebosstrevor1:


If you watched the interview, you will understand that the schooling happened in the opposite direction and the aid just like his master keep speaking lies.


According to Obiano

Peter obi left N9billion in cash and N26billion in Euro bond = N35.5billion in liquidity

Obi left a Liability: N185.1 billion

Considering the financial record of the state, this sum is realistic compared to the lies Obi and his aide are saying.

https://www.vanguardngr.com/2015/11/obiano-denies-obis-n75bn-handover/amp/

mycar:
let hate not take away your smartness.
Is crude oil not sold in naira?, if you want to compare how good or bad your currency is doing, you have to use a common factor, which is mostly dollar.

Don't sound like Tinubu. I know you would rather keep your money in dollar than Naira because of the purchasing power.

By the way, when there is an increase in the minimum wage, there is also an increase in the paye but at the end of the day, what's the purchasing power?

thebosstrevor1:


Stop confusing yourself.

Are igr collected in naira or in dollars?

Are tax collected in naira or in dollars.

Pls use your head.

Buccalcavity2:

Never seen a 'dumber' post than yours. Must you talk? Dollars and Anambra IGR?Crude oil and Anambra IGR?

thebosstrevor1:


Stop confusing yourself.

Are igr collected in naira or in dollars?

Are tax collected in naira or in dollars.

Pls use your head.

mycar:

the joke is on you, your own ignorance is a menace to the society, don't you know that states earn foreign exchange either by direct investment or import/export duties, so was dollar earning captured in the post? You were here disturbing our sanity with your campaign of calumny on how his investment nose dived in dollars without paying interest on the increase in share value in naira, right?
Even primary one pupil would know that the higher the exchange rate, the more naira you will get from any dollar base income you get.
even the more the naira in circulation, the more people spend and the more taxes you earn.

tuborme:

@op
Peter Obi did not claim that Anambra was not indebted under him. His claims are simple to understand

He met Anambra in debt
He did not take any new loans
He cut waste in governance
He liquidated all the loans before he left office

He still handed over 75 billion in cash and investments

These are facts…. Go and verify them. Obi did not claim what you posted above.

Half truths are dangerous! A fact is a fact

1; Was Anambra in debt when Obi took over? Yes

2; Did Obi take any loan as a governor? No

3; Was Anambra the least indebted state in Nigeria under Obi? Yes

4; Did Obi leave a positive balance sheet for anambra? Yes

Attached is the file from the Debt management office 2014 year end. These were loans taken by previous administrations which the state government continued paying and cleared by March 2014 when Willi Obiano took loans of about 2.7billion bringing the state up to the third least indebted state by end of 2014.

Stop twisting facts to suit your self. Nigeria is sinking to chaos and we need a proven frugal leader right now. We are going down as a nation. Stop the politics and save this country for your children. Vote in someone you can employ to run your company.

Buccalcavity2:

Do you understand what you wrote? "He liquidated ALL the loans before he left". How come there is still a loan balance when he left? "He didn't take a loan" how come foreign loan balance increased $16m to $45m?
I'm just curious o. I don't have anything against loans.

Buccalcavity2:


Oh my God! You are just a confused soul. Just shut it!
Tell me the dollar crude oil income that Anambra earns and the IGR income line that Anambra earns in dollars.So foreign direct investment is an income?import duties by a state?
No wonder you are a die hard fan of Peter Obi. Nothing up there. Just emotions.
Who compelled PO to state his state investment in dollars? He was only answered on the basis of the standard he raised for himself. Like supporter, like candidate.

tuborme:


As you understand economic indices, why is the total debt stock lower than external debt stock in thesame period if you swap the prevailing exchange rate. I want you to understand that economy is a science and not for everyone! Because you don’t understand what exchange rate has to do with both external reserves and external debt! You don’t understand the relativity principle of external debt.

mycar:

Foolishness is when someone does not know and also does not know that he or she does not know.
if investment does not yield income, I wonder what does.
Secondary, tell me why things go up when dollar goes up. An intelligent person will know that due to our dependency on foreign goods, when dollar rate rises, the purchasing power of naira falls, hence more money to pay for the same goods and more VAT in naira, workers also demand for salary increase and when it happens, PAYE also increases. By the way, The IGR is increasing but what can it buy?
what IGR of N10k can buy in 2013 is different from what IGR of N10k will buy in 2017.
I use N10k so that your brain can comprehend it.
Fans of Peter Obi are not illiterates,