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2023: Peter Obi's Unpardonable Blunders on Economy, Nigerian Youths Exposed

Peter Obi, the official applicant of the Labor Party (LP), has spoken such a huge amount about his work plan for Nigeria on the off chance that he arises successful during the 2023 races.

The previous legislative head of Anambra state appears to have an inside and out information on the best way to fix the country’s economy through a supported chain of creation and exportation.

Like each reasonable Nigerian resident, Obi is sure that this will carry the country to its greatness days when it was clearly viewed as the monster of Africa.

Notwithstanding, a few comments by Obi lately have placed his insight into Nigeria’s economy being referred to as respects records of Nigeria’s exportation of labor and products.

  1. Obi downplays Nigeria’s commodities

During an Arise TV interview on Wednesday, July 6, the southeast lawmaker and financial specialist expressed that the nation sent out beneath $30 billion of labor and products in 2021 and that it is failing to meet expectations in contrast with a more modest African country like Morocco.

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In his contention, Obi guaranteed that Nigeria is “not a delivering nation”, adding that it has a frail commodity base, bringing about the shortage of the American dollar inside its limits.

He was cited to have said in two separate meetings:

“Morocco is around 36 million, their product last year was north of 50 billion bucks. In our own [exports] with oil included, it’s under 30 billion [dollars] and we’re 200 million. Morocco traded no oil.
“Nigeria is a country with 923,000 square kilometers of land, and a populace of 200 million individuals. God favored us with oil and different assets. We have more than 100 million individuals living in neediness.
“Yet, to show that we are not a delivering nation, last year, our complete commodity including oil was under 30 billion bucks, for that reason we can’t track down dollars today.”

However, an examination by a worldwide news media, AFP, has uncovered that Obi’s contention isn’t correct.

A reality check by the news media found that for over 10 years, Nigeria’s yearly products have surpassed $30 billion.

The examination, utilizing information from the Central Bank of Nigeria (CBN), observed that the nation’s all out sends out were valued at $46.69 billion out of 2021, which is a higher figure than the $35.9 billion kept in 2020.

The following is the information gathered from the CBN for Nigeria’s product in 2021:

Nigeria’s export for 2021 (Photo: Central Bank of Nigeria)

In fact, the publication noted that Nigeria’s annual exports have remained above the $30 billion mark since 2008.

Moreover, a dataset from the National Bureau of Statistics (NBS) exposes a major faultline in Obi’s argument.

The NBS has it that Nigeria’s exports were valued at N18.9 trillion in 2021, (that is, $47.3 billion).

  1. Obi distorts number of Nigerians playing in NBA

Obviously, most of Obi’s allies in Nigeria are young people who have had enough of awful administration and wanton defilement for over twenty years.

What’s more, the LP’s flagbearer is vowing to make youth advancement one of the needs of his organization assuming that the approaching official political decision favors him.

However, he as of late made one more goof by mistakenly summing up that around 66% of players in the American National Basketball Association (NBA) are Nigerian adolescents.

He said:

“Assuming that you go into American NBA, out of 150 players, just about 100 are Nigerians.”

Similar global media outfit found this articulation to be bogus as it completely noticed that “there are just five Nigerians recorded by the NBA for the 2021-2022 season. Five more are recorded as having connections to Nigeria through their folks.”

Nonetheless, the aforementioned isn’t to say in any capacity that Obi is clumsy, neither does it detracts from his enthusiasm and availability to fix the country, in any event, monetarily.

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