Peter Obi deletes tweet giving false figures Vanguard Also Deletes Article on Peter Obi Deleting his Tweets | Swordpress Nigeria

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Peter Obi: reels out fake figures
during TV debate

The vice-presidential candidate of the Peoples Democratic Party,
Peter Obi, caught red-handed for reeling out fake and outlandish
figures on Friday night  went further low early Saturday: he
deleted one of the misleading tweets.

Obi had claimed during the live TV debate on Friday in Abuja
that Nigeria attracted $41 billion Foreign Direct Investment in its
economy in 2015 and that the value of the FDI fell to to $12.5
billion under the Buhari administration, to justify why Buhari must
leave looters alone and mind the economy.

Obi, who told many lies during the debate, was fact-checked and
his figure for 2015 was found to be wide off the mark.

Apparently embarrassed, he deleted the tweet and replaced it
with another.

Here were his original tweet and the correction he got:

*Obi’s deleted tweet The fact checking that showed that
Obi lied

Obi’s new tweet skirted 2015 and now quoted a figure for
2014.

In 2014, we generated $21bn in FDI, in 2017, Nigeria attracted
only $12bn. Unemployment & underemployment was 24% in 2014. In 2017
it is now 40%. Even our stock market has lost over N2Trillion in
one year. You can’t shut down your shop and be chasing
criminals. #2019Debate^[1]

— Peter Obi (@PeterObi) December
15, 2018^[2]

Even that figure was false.

ProShare ^[3], an investment company
dealing with equities said $2.7billion was what came in in 2014 and
it fell to $720m in 2015, rising again to $1.4b in 2016, falling
again in 2017 to $980million.

Trading Economies.com^[4] said Foreign Direct
Investment in Nigeria averaged 1279.72 USD Million from 2007 until
2018, reaching an all time high of 3084.90 USD Million in the
fourth quarter of 2012 and a record low of 435.64 USD Million in
the second quarter of 2018.

IndexMundi, quoting IMF figures also gave FDI for Nigeria as
$5,562,874,000 in 2013, $4,655,849,000 in 2014(far lower than the
$24billion quoted by Obi), $3,128,592,000 in 2015 and
$4,434,648,000 in 2016. It fell to $3.4billion in 2017, according
to World Bank^[5] data.

And here is a CBN report on Direct Investments inflow 
to Nigeria’s economy. The CBN said it increased by 0.7 per cent to
US$438.84 million when compared with the preceding quarter of 2018.
It however, indicated a decline of 45.0 per cent when compared to
the corresponding period of 2017.

“Portfolio Investments inflow to the economy decreased
significantly to US$1,790.83 million in Q3 2018 from US$4,233.38
million and US$3,320.84 million in the preceding quarter and the
corresponding period of 2017, respectively . However, other
investment liabilities increased slightly to US$4,281.48 million
when compared with US$3,226.58 million recorded in the preceding
quarter”.

Other lies of Obi:
*Peter Obi lied when he said SMEs get only 0.5% of total bank loans
of N19trillion to the private sector in Nigeria. According to CBN,
the actual figure is N22.44 trillion and only 0.1% goes to the
SMEs, as at March 2018.

*Peter Obi said Nigeria’s unemployment is 42%. But NBS
statistics said it was 14.2%.

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