Fakoyejo OlalekanThe investment made by Labour party presidential candidate, Peter Obi, when he was the governor of Anambra State is now worth next to nothing, the incumbent governor, Chukwuma Soludo, has disclosed.
Obi had disclosed in 2018 that he invested $20 million Anambra state funds in International Breweries while still in office, and the investment value had increased to $100 million.
He served as Anambra governor between 2006 to 2014, and eight years later, the current governor said played down the impact of the investment on the state.
Soludo spoke about the investment during an interview on Channels Television on Thursday, where he said rebuilding public infrastructure is investing in the people of Anambra, not saving in a private company.
“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 former Central Bank of Nigeria (CBN) governor said.
The All Progressives Grand Alliance (APGA) state leader also advised that, “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.”
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