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Obiano and the Sale of Anambra State – By Tai Obasi

Whether a miracle gives him second term mandate or not, even unborn generations of ndi Anambra will forever curse Gov. Willie Obiano. We read, heard that Gov Obiano has sold all the dollars his predecessor saved for the future generations of the state and think the act was all about being reckless.

See the reason why the former governor, Mr. Peter Obi saved 156 million dollars for our dear state and handed it over to his successor, Gov Willie Obiano. When the man many prefer to call The Oracle recovered his mandate from Dr. Chris Ngige in 2006, he stepped in and started planning to answer his pre-election question – Is Anambra Sate cursed or are we the cause?

By then every development-minded country in the world was operating on the United Nations-structured Millennium Development Goals, MDGs, which was a 15-year programme designed to eradicate, as much as possible, poverty(especially extreme poverty) from God’s world. It was already six years in the running but the man, who God positioned to take dear state to new heights, wasn’t deterred. He had studied and knew that religiously queuing along the MDGs movement was the key to people-oriented development for any sincere government. Hence Anambra Integrated Development Strategy, ANIDS was born.

Eight years later, dear state was acknowledged by the UN as the best regional government in Sub-Saharan Africa that came nearest to achieving the MDGs. By that time, the UN had streamlined Sustainable Development Goals, SDGs to not only sustain the success of MDGs but also push further forward towards achieving its major objective – eradicating poverty.

United Nations hence planned that eradication of poverty was a 30-year programme. Mr. Obi knew that our dear state must sustain the ANIDS structure to be able to get close to such well-articulated UN intentions. So he assembled a team to study the one nation that had made the best success of MDGs – China. The ex-governor discovered, after several visits to China, that China had not only lifted over 400 million people out of poverty but also found out why.

The Regional governments in China had played a very major role in assisting the world’s largest population in her milestone achievement via huge manufacturing and exports. How? These Regional governments had sprung up with multiple industries all over China with 20% equity participation. Most of these industries were worth $1,000,000 to set up…meaning the regional governments provided $200,000 dollars for each of them while banks and individuals provided the rest of the funds. That was China’s secrete to lifting exactly 439 million people out of poverty in 15 years.

The man we all call Okwute knew that if China could achieve that, that his own country, Nigeria could. But since he wasn’t in charge of Nigeria, he was at least in charge of Anambra State. So, he started saving. By the time he left office, he had saved $156 million in three banks, namely; Diamond, Access and Fidelity.

With the average of 7% accruing interests, this investment together with the capital would yield $1,000,000,000.00(one billion dollars) by the year 2030. Half of this giant sum of $500 million dollars would be invested in industries like China did. The plan was for dear state(whoever would be in charge then) to provide 25% or $500,000 of $2 million worth of industries while individuals and banks provided the rest to have 1000 such SMEs all over our dear state. That would provide over a million jobs as well as sustain dear state via basic needs and earn FOREX via exports.

But Okwute didn’t stop there. A well-structured interest-free loan from world bank in the tune of $120 million would have been facilitated by his successor to fight erosion($80 million) and invest in Science, Technology, Engineering and Science, STEM education($40 million). 


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