THE HUGE ECONOMICS AND BENEFITS OF PETER OBI’S INVESTMENT OF N1.96BN OF ANAMBRA STATE FUNDS IN SAB MILLER.
✍️That investment unlocked the biggest Foreign Direct of $120million into Anambra State in 2009.
✍️It attracted the Construction and establishment of an ultra modern Brewery Plant in Anambra State in 2012 with average annual turnover of N180bn.
✍️Other brewery plants have been established in other parts of Nigeria following this anambra own by the same company.
✍️Over 6,000 direct and indirect jobs , Plus supporting entrepreneurship/ enterprises, to support the brewery supply chain needs were created in anambra state
✍️The brewery created tax revenues for anambra state.
✍️Over the last 13 years, Anambra state has earned combined dividends of over N400million from that investment
✍️At a time in June 2018, when the shares of Interbrew was trading at N64 per share, if the government of Anambra state under Willy Obiano had sold those shares, Anambra state would have earned over N26bn/$72m then. [N360/$1]
✍️Even at the current average market price of the Interbrew shares on the floor of the Nigeria stock exchange in November 2022, the current value of the Anambra investment is around N1.83billion .
✍️So, what did Professor Chukwuma Soludo mean when he told Seun Akinbaloye that the value of those investments is worth next to nothing? …
✍️It is saddening how politics of envy and pettiness can derobe even the soundest of minds
✍️What a pity … Soludo owe Peter Obi and Ndi Anambra an apology and a retraction of his ill thought out response , that is now being milked by hordes ignorant Agbadoists to deceive the mass of gullible Nigerians that they denied education
Peter Obi is better
OBIARAERI, Nnaemeka Onyeka
