Peter Obi’s investments in Anambra are next to nothing– Soludo

Governor Chukwuma Soludo of Anambra state has said that the purported investments by his predecessor in office and Labour party presidential candidate, Peter Obi, are worth next to nothing.

Obi who was the governor of the SouthEastern state from 2006 to 2014, had in an interview in 2018 said he invested $20 million in International Breweries on behalf of Anambra state while in office.

“Anambra state is the single-highest shareholder in that facility. I invested in it, over $20 million. It is worth almost $100 [million] today. That’s what government should do,” he said during that inteview.

Speaking during an interview on Channels Television on Thursday night, November 10, Soludo said he is not aware of any investment in the state by any of his predecessors.

When asked what he thinks about the government making investments outside public infrastructure with particular reference to the investment made by Peter Obi, Soludo said

“I don’t know about that. I think there was something I read about somebody speculating about the value of whatever investment. With what I’ve seen today, the value of those investments is worth next to nothing. So, let’s leave that aside.

First of all you have got to rebuild public infrastructure. That is building for the future. We are investing in our schools, in agriculture, hospitals, we are investing in those who are creating Anambra as Africa’s leisure entertainment hub. That is what we are modernizing our cities. We are embarking on urban regeneration, giving our people life so that they can have quality air to breathe, controlling pollution, dealing with flooding, erosion that is ravaging everywhere.

We are not going to leave those and say I am going to save money to say I am going to go and invest in private company.” the governor said

Speaking further, the former CBN governor said

”Investment is not about going to invest in bakery, that is not what the government is about because if the bakery goes down, investment goes down.”

Facebook Comments Box
Copyright 2024 ROYAL NEWS. All rights reserved. Digital material on this website, may not be published, reproduced, broadcast, rewritten or redistributed in whole or in part without prior express written permission from ROYAL NEWS.
 

For Adverts and News/Event Coverage, contact 08061346946, 07030849251. Or email info@royalnews.com.ng

Download ROYAL NEWS app

Html code here! Replace this with any non empty raw html code and that's it.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe

Popular News

Latest News

More like this
Related

Oba Abdulsemiu Ogunjobi suspended for 6months

The Ogun State Government has suspended the Olorile of...

Service provider: CSO cautions NAHCON, SMPWBs against trauncating smooth Hajj operations

A faith-based registered Civil Society Organization, CSO, the Independent...

IEDPU greets AbdulRazaq on 65th birthday

The National President of Ilorin Emirate Descendants Progressive Union...

Birthday: You’re an incredible, valuable asset to humanity, Emir Sulu-Gambari greets Etsu Patigi

The Emir of Ilorin and Chairman Kwara State Traditional...

Sen. Nwoko formally dumps PDP, joins APC

The formal defection of Senator Ned Nwoko representing Delta...

Oloyede borrows UNILORIN’s slogan ‘Better by Far’ to assess performances at JAMB CBT centres

The Registrar of the Joint Admission and Matriculation Board...

KK’s Retirement: A Note On A Patriotic Diplomat

By Abubakar Imam Yoruba is, no doubt, a very rich...

[BRIEF] What Atiku discussed with Obasanjo in Abeokuta

Former President Olusegun Obasanjo on Monday received Alhaji Atiku...

2025 Hajj: NAHCON extends registration deadline to Feb 10

Chairman of the National Hajj Commission of Nigeria, NAHCON,...

Court orders Emefiele’s release from DSS custody

  A Federal Capital Territory High Court sitting in Abuja...

Nigeria gets IMO commendation for Security of commercial shipping In W’Africa

As the situation in the Red Sea has led...

Akwa Ibom govt holiday for tax-payers

Government of Akwa Ibom State has approved holiday for...

Appeal Court reverses sack of Kano’s NNPP House of Reps member, Zakari

The Court of Appeal has set aside the judgment...

Marcus Rashford racially abused after loosing penalty

 The Manchester United forward Marcus Rashford lost a penalty...

China built power dam in Ivory Coast begins operation

Soubre hydroelectric power station in Ivory Coast, which was...

With general elections , what will happen to 2019

The Registrar of the Joint Admissions and Matriculation Board,...

Former Super Eagles assistant coach Joe Erico is dead

Super Eagles former goalkeeper trainer and assistant coach,...

News reporter, Elle Smith crowned Miss USA 2021 (photos)

Miss USA has crowned Miss Kentucky the winner of...