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400billion Loan, Abia Is Finished! ;Stats Don't Lie - Politics - Nairaland

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400billion Loan, Abia Is Finished! ;Stats Don't Lie by Pakute: 11:30am On Dec 17, 2023
Yo heard!, Yes, Abia is finished like a ship wreck.
-Abia has a population of 2.4million people

-Abia is one of the top 5 poorest state in Nigeria

-Abia is the dirtiest state in the country

-Abia has the third highest unemployment rate in the country with 50.07%

-Abia has an outstanding debt of over 200billion
-Abia has a growth rate of -2.1

-Abia has less than 1% FDI

-70% of Abians are farmers

-Abia civil servants are estimated at 9,000 staff strength

-Abia has the most decrepit infrastructures in the country

-Abia has the most decayed public schools in the country

-Abia being governed by the most incompetent governor in Nigeria

Since 1999, Abia state has been governed from one unfortunate leadership to another, from one corrupt & clueless Governor to another. When you think Abia had had the worst Governor, Alex Otti came in and proves everybody wrong. Alex Otti is currently driving the state down to a grind, he has come to drive Abia state the way he drove Diamond bank.

11 Likes 5 Shares

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Pakute: 11:30am On Dec 17, 2023
Otti is going to kill Abia same way he killed Diamond bank, whatever he seems to be doing right now is mere cosmetic. The handwriting is on the wall, you can't go borrowing 400billion in a poor state that generates a measly 15-16billion IGR per year, where 70% of its people are peasant farmers. Remember how Otti budgeted almost 1billion for food while public schools got a paltry 25million in the supplimentary budget.

Under Alex Otti, Diamond bank recorded over 200billion non-performing loan for a new generation bank, Otti gave out loans to cronies in reckless abandon. Otti was later sacked with ALL the staffs that came with him. Alex Otti revalued the assets of the bank to coverup for its operating losses. A year later, the Board realized the extent of Otti's mismanagement and declared 78% decline in profit, net income declined by 77%. The bank's Chairman, Chief Dozie sold his MTN shares inorder to reposition the bank but to no avail. Chief Dozie's family regretted how Otti ruined them, Abia might be next

12 Likes 5 Shares

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by buharibanjo(m): 11:32am On Dec 17, 2023
🤣 🤣 🤣
Na wa o
Cruise too much abeg

2 Likes

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by 1TrippleCee: 11:32am On Dec 17, 2023
Finishing


currently driving the state down to a grind, he has come to drive Abia state the way he drove Diamond bank to ground zero.



Abia is unfortunate with the perpetual bad leadership. Same way Ogun state was once was with the Osoba/Daniels tenure and Oyo too back in the years. We pray for Abia to heal. Thats why idol.worship/kidnappings/murder there is at extreme high

6 Likes 2 Shares

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Administration1: 11:39am On Dec 17, 2023
person, hope you have eaten this morning

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Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Naijanascam: 11:41am On Dec 17, 2023
It's unfortunate that you people are becoming statisticians overnight after saying na Statistics una go chop?.......

Because of wetin go enter bele

27 Likes 1 Share

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by vanbonattel: 11:50am On Dec 17, 2023
Lagos has debt more than the whole Nigeria put together.

14 Likes 3 Shares

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Scholes007(m): 11:50am On Dec 17, 2023
Pakute:
Yo heard!, Yes, Abia is finished like a ship wreck.
-Abia has a population of 2.4million people
Abia has about 4.1 million people

-Abia is one of the top 5 poorest state in Nigeria
Abia is 18th out 36 by gdp and 9th out 36 by gdp per capital. Meaning Abia is among the first 10 richest states in Nigeria.

-Abia is the dirtiest state in the country
Lagos, Anambra,Abia, Ogun respectively are amongst the dirtiest states in Nigeria because of their industrial and commercial nature so move along

-Abia has the third highest unemployment rate in the country with 50.07%
That's not true as of 2022 akwa Ibom and rivers are 2nd and 3rd Abia is not even in first 10

-Abia has an outstanding debt of over 200billion
As of June 2023 Abia State debt profile stands at about 142billion and is the number 12th debt to gdp ratio is modest
-Abia has a growth rate of -2.1
I yet get a reliable data on that
-Abia has less than 1% FDI
32 out 36 states attracted 0 fdi as of last 2 quarters

-70% of Abians are farmers
False rather Agriculture and Agro related business employs about 70% Abians, 27% commerce and trade 2% manufacturing 1% government. Which is better than virtually every state except about 7 states

-Abia civil servants are estimated at 9,000 staff strength
9000?? grin grin funny. But the Governor was accused of sacking more that 10,000 workers employed by December last year. How come??

-Abia has the most decrepit infrastructures in the country

-Abia has the most decayed public schools in the country

-Abia being governed by the most incompetent governor in Nigeria

baseless Argument.
Since 1999, Abia state has been governed from one unfortunate leadership to another, from one corrupt and clueless Governor to another. When you think Abia had had the worst Governor, Alex Otti came in and proves everybody wrong. Alex Otti is currently driving the state down to a grind, he has come to drive Abia state the way he drove Diamond ban
lies my friend lies Nigeria has had terrible leadership since inception all states and regions are affected.

26 Likes

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by vanbonattel: 11:51am On Dec 17, 2023
Pakute:
Yo heard!, Yes, Abia is finished like a ship wreck.
-Abia has a population of 2.4million people

-Abia is one of the top 5 poorest state in Nigeria

-Abia is the dirtiest state in the country

-Abia has the third highest unemployment rate in the country with 50.07%

-Abia has an outstanding debt of over 200billion
-Abia has a growth rate of -2.1

-Abia has less than 1% FDI

-70% of Abians are farmers

-Abia civil servants are estimated at 9,000 staff strength

-Abia has the most decrepit infrastructures in the country

-Abia has the most decayed public schools in the country

-Abia being governed by the most incompetent governor in Nigeria

Since 1999, Abia state has been governed from one unfortunate leadership to another, from one corrupt and clueless Governor to another. When you think Abia had had the worst Governor, Alex Otti came in and proves everybody wrong. Alex Otti is currently driving the state down to a grind, he has come to drive Abia state the way he drove Diamond ban

Baba, you need mental evaluation.

8 Likes

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Pakute: 12:07pm On Dec 17, 2023
Zupay:
Pakute e be like say your medicine don finish.

Which town/city in your home state can match Aba's manufacturing prowess?
How many manufacturing factories are in Abia?, what are the products coming from Abia? pls, don't tell me about Aba shoes.

9 Likes 4 Shares

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Pakute: 12:10pm On Dec 17, 2023
vanbonattel:
Lagos has debt more than the whole Nigeria put together.
Lagos has a corresponding revenue wealth, Abia is a farm settlement.

7 Likes 3 Shares

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by yarimo(m): 12:23pm On Dec 17, 2023
ALEX OTTI is a fraudster and a disgrace to good governernce. OTTI defrauded diamond bank as MD and now he wants to defraud ABIA STATE

7 Likes 5 Shares

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by BeautifulMind2: 12:27pm On Dec 17, 2023
Pakute:
Otti is going to kill Abia same way he killed Diamond bank, whatever he seems to be doing right now is mere cosmetic. The handwriting is one the wall, you can't go borrowing 400billion in a poor state that generates a measly 15-16billion IGR per year, where 70% of its people are peasant farmers. Remember how Otti budgeted almost 1billion for food while public school got a paltry 25million in the supplimentary budget.

Under Alex Otti, Diamond bank recorded over 200billion non-performing loan for a new generation bank, Otti gave out loans to cronies in reckless abandon. Otti was later sacked with ALL the staffs that came with him. Alex Otti revalued he assets of the bank to cover up fos its operating losses. A year jater, the Board realized the extent of Otti's mismanagement and declared 78% decline in profits, net income declined by 77%. The bank's Chaisman, Chief Dozie sold his MTN shares inorder to reposition the bank but to no avail. Chief Dozie's family regretted how Otti ruined them, Abia might be next.
You are just born sadist, how do you sleep with so much bitterness in your heart, see how you are wasting so much energy over nothing

1 Like

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Pakute: 12:28pm On Dec 17, 2023
Scholes007, sorry, Abia population is not up to 3million. Latest electoral figures showed Abia with a registered voters of 1.9million and that's about 60% of the population per INEC data.
Also, the GDP metrics would amount to a false HDI since the state is largely driving by mechanised farming.

4 Likes 3 Shares

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by BeautifulMind2: 12:30pm On Dec 17, 2023
Pakute:
Scholes007, sorry, Abia population is not up to 3million. Latest electoral figured showed Abia with a registered voters of 1.9million and that's about 60% of the population per INEC data.
Also, the GDP metrics would amount to a false HDI since the state is largely driving by mechanised farming.
You're just empty 🧠🤯, what is the number of registered voters in Abia

4 Likes 1 Share

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by BeautifulMind2: 12:33pm On Dec 17, 2023
Pakute:
Scholes007, sorry, Abia population is not up to 3million. Latest electoral figures showed Abia with a registered voters of 1.9million and that's about 60% of the population per INEC data.
Also, the GDP metrics would amount to a false HDI since the state is largely driving by mechanised farming.
Abia have one of the lowest unemployment rate in Nigeria, the shoe and fashion Industries you don't what to hear, employed more people than those few industries in your ignorant mind

7 Likes

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Obaofaba: 12:34pm On Dec 17, 2023
Ozommadu:
Abia 2.4 million?? Abia poorest 5?? Abia dirty?

Pakute I'm sorry but at this rate your mental state is irreversible, even yaba left will be helpless.

Chai, some parents are really childless angry

Prove him wrong with fact and figure not insult.

5 Likes 2 Shares

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by BeautifulMind2: 12:35pm On Dec 17, 2023
Pakute:
Scholes007, sorry, Abia population is not up to 3million. Latest electoral figures showed Abia with a registered voters of 1.9million and that's about 60% of the population per INEC data.
Also, the GDP metrics would amount to a false HDI since the state is largely driving by mechanised farming.
Ignorant mind watch this video

https://www.youtube.com/watch?v=9OuyroCMePc?si=0tqIVxyIMqWG8WPt

2 Likes

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Mrfeel: 12:36pm On Dec 17, 2023
BeautifulMind2:

Abia have one of the lowest unemployment rate in Nigeria, the shoe and fashion Industries you don't what to hear, employed more people than those few industries in your ignorant mind
Don't mind this evil kids from SW they are obsessed with SE

8 Likes 1 Share

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Obaofaba: 12:39pm On Dec 17, 2023
We warned them but no matter what pigs will always roll in mud.

They used to say even if na stone dey contest under labor party, they will vote him.

ELLUPPEE 77 in the mud in erosion ravaged region of Nigeria.

4 Likes

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Pakute: 12:40pm On Dec 17, 2023
yarimo:
ALEX OTTI is a fraudster and a disgrace to good governernce. OTTI defrauded diamond bank as MD and now he wants to defraud ABIA STATE
Bro, i could not believe there's no protest going on right now, Obi is hypocritically silent. Anambra dare not borrow such a ridiculous loan much less a peasant state like Abia. Abians should be shutting down the govt house by now. Ibos are usually vocal about other people but silent in their own problems. Otti will kill Abia as he did Diamond bank but gullible people are hailing him.

3 Likes 1 Share

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Zupay: 12:41pm On Dec 17, 2023
Pakute:

How many manufacturing factories are in Abia?, what are the products coming from Abia? pls, don't tell me about Aba shoes.

I asked you which one do your home state have?

6 Likes 1 Share

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Zupay: 12:43pm On Dec 17, 2023
yarimo:
ALEX OTTI is a fraudster and a disgrace to good governernce. OTTI defrauded diamond bank as MD and now he wants to defraud ABIA STATE

Let OTTI "defraud" ABIA STATE, how is that affecting the low literacy and low human capital development in your home state? cheesy grin grin

8 Likes 1 Share

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Pakute: 12:43pm On Dec 17, 2023
BeautifulMind2:

You are just born sadist, how do you sleep with so much bitterness in your heart, see how you are wasting so much energy over nothing
TRASH!

2 Likes

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Pakute: 12:45pm On Dec 17, 2023
Obaofaba:


Prove him wrong with fact and figure not insult.
They can't, they only thing the have is satellite pictures.

2 Likes 1 Share

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Pakute: 12:51pm On Dec 17, 2023
BeautifulMind2:

Abia have one of the lowest unemployment rate in Nigeria, the shoe and fashion Industries you don't what to hear, employed more people than those few industries in your ignorant mind
You're a clown, Abia has 50% unemployment rate and that's a fact, check the data.

3 Likes 1 Share

Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by IGBOSON1: 12:56pm On Dec 17, 2023
Pakute:

Dispute the figures with facts and stop bleating like a goat.

Nobody has the time or inclination to dispute anything with a Igbo-hating bigot like you! I'm sure this moniker is just one of many you use to engage in your hate! Knock yourself out mate!
Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by IGBOSON1: 1:00pm On Dec 17, 2023
Pakute:

You're a clown, Abia has 50% unemployment rate and that's a fact, check the data.





Your pathetic insecure ass has now zeroed in on Abia state after seeing how well the governor is doing! You evil people are so full of envy and hate, and i wouldn't be surprised if you now start sponsoring more senseless murders, recording the act and uploading on nairaland just to try and unsettle the state and its gov'ts! Utterly disgusting set of people!

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Re: 400billion Loan, Abia Is Finished! ;Stats Don't Lie by Pakute: 1:02pm On Dec 17, 2023
Zupay:

I asked you which one do your home state have?
My home state?, don't go there, else you will disown your Abia in shame..

1 Like

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