The Oasis Reporters
December 18, 2018.
The vice presidential debate on television that practically pitched the People’s Democratic Party, PDP candidate, Peter Obi against the All Progressives Congress, APC candidate, Yemi Osinbajo in respect of the forthcoming crucial February 2019 election has continued to earn plaudits for the surprise underdog, Peter Obi, to the chagrin of the supporters of Yemi Osinbajo.
Osinbajo supporters have tried to ridicule the facts laid out by Mr. Obi in the media as a way of chipping off the applause the opposition candidate is receiving.
During the debate, Obi said that Nigeria used over 50% of her revenue to service debt. This can be verified from DMO’s 2017 reports on Nigeria’s debt stock and total debt service.
Obi said the country’s total debt stock was N22.7 trillion, about USD 80 billion which can be verified from the Debt Management Office, DMO’s June 2018 report on Nigeria’s debt stock,” Obienyem had written.
“Obi said that Mexico’s GDP was over USD1 trillion and its GDP per capita was over USD8,000. This can be verified at World Bank report on: https://data.worldbank.org/indicator/NY.GDP.MKTP.KD….
“Obi said that South Africa’s stock market capitalisation was USD900 billion. This can be verified from Stock Market Clock (https://www.stockmarketclock.com/exchanges/jse).
Peter Obi also said that Nigerian bank loans made up 15% of GDP. This can be verified from the World Bank (source: https://data.worldbank.org/indicator/FD.AST.PRVT.GD.ZS…).
“He equally said that Nigeria had the highest number of the poor at 87 million – growing by 6 persons per minute. This can be verified from Brookings Institute publication, “The start of a new poverty narrative” published by Homi Kharas, Kristofer Hamel, and Martin Hofer on Tuesday, June 19, 2018 (source: https://www.brookings.edu/…/the-start-of-a-new-poverty-nar…/).
“Obi said that Nigeria’s Human Development Index (HDI) ranking moved from 152 – 157. This can be verified from http://hdr.undp.org/…/2018_human_development_statistical_up….
Obi said that the Misery Index in Nigeria worsened. This can be verified from https://www.cato.org/…/hankes-annual-misery-index-worlds-sa….
“Obi said that the FG budgeted N340 billion on health and paid over N1 trillion on PMS subsidy. Education budget was about N400 billion. This can be verified from https://punchng.com/subsidy-on-petrol-hits-n1-4tn-per-year-says-fg/.
Obi said that the ease of doing business ranking was currently at 146. This can be verified from http://www.worldbank.org/…/En…/DB2019-report_web-version.pdf).
“Obi said that China created 7.2 million jobs within the first 6 months in 2018. This can be verified from http://www.chinadaily.com.cn/…/WS5b9f2aeda31033b4f46566bb.…/.
Obi said that Nigeria’s 4,000 MW electricity generation was too low. This can be verified from https://www.nigeriaelectricityhub.com/…/electricity-
Peter Obi scored bullseye on what ails the Nigerian economy. It is simply APC’s tough luck that the candidate has been tested and trusted as governor of Anambra state for 8 years, whereby he took the Anambra state economy from the ordinary to the extra ordinary, leaving behind a cash surplus of 75 billion naira for his successor.
At a time that the current government is driving the country further into unsustainable debt, the verdict on the streets is for the PDP to come back and bounce Nigeria back into reckoning .
Additional reporting: The Cable.