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Who is the Chief Investment Driver in Nigeria



INVESTMENTS BY PETER OBI


The Governor of Anambra State from 2006-2017 is most notable for his investments and transformation of Anambra State as the governor. Exiting the position, he left the state with a $500 Million return on investment both in local and foreign currency, including $156 million in Dollar-denominated bonds wealth from invested state funds. How did he achieve this?

Peter obi invested $30 million of Anambra State funds into International Breweries after successfully bringing them to establish their facility in the Anambra State, giving the state 10% equity, as of 2019 the investment has yielded $100million.


It is alleged that he also invested $ 50 million of the state’s money into the power sector, and several billion (Naira) in banks. In total, he left Anambra State as governor with an investment in cash of N75billion, and $56million of investment in foreign currency. N12billion with Fidelity Bank, $50million in foreign currency, N12billion with Diamond Bank $50million with Access Bank, and N12billion for Anambra State.

His investment yield gave Anambra State ratings by the Senate of the Federal Republic of Nigeria as the most financially stable state in the country as a result of his works.


INVESTMENTS BY ATIKU ABUBAKAR


Atiku Abubakar, a former vice president from 1999-2007, is an industrialist and the founder of many businesses spanning several sectors of the economy including manufacturing, media, banking, logistics, agriculture, printing, real estate, education, eateries, beverages, animal food processing, as well as being a principal shareholder in many companies both within and outside Nigeria.


After retiring as a customs officer in 1998, Atiku took up full-time business and politics. He started out in the real estate business during his early days as a customs officer. In 1974 he applied for and received an N31,000 loan to build his first house in Yola, which he put up for rent. From the proceeds, he purchased another plot and built a second house. He continued this way, building a sizable portfolio of property in Yola, Nigeria.


In 1981, he moved into agriculture, acquiring 2,500 hectares of land near Yola to start a maize and cotton farm. He later went into trading, buying and selling truckloads of rice flour, and sugar.



It is believed that he has over 50,000 employees in his various establishments and investment endeavors. His reputation in business is linked to the spectacular rise of the oilfield logistic firm that he co-founded in 1982 called Intels - which started off in shipping container and later grow into a multi-million-naira operation, employing more than 10,000 staff.


Over the years he has established the prestigious American University in Adamawa state, ABTI primary, and secondary school, and founded a Fast Moving Consumer Goods (FMCG) company called Adama Beverages where they processed table water, natural juice, and fruit drinks for Nigeria and Neighboring Countries. He went on to establish Prodeco Nigeria Limited, which covers property development and the oil and gas industry. Atiku Abubakar Farms in the agricultural sector grows Cotton on over 2,500 hectares of land in Adamawa.


Other chains of his investments include Chicken Cottage, a fast-food brand, Gotel Communications and Multimedia outfit based in Yola, and Priam Group which seeks to merge all his business together.


INVESTMENTS BY BOLA TINUBU AHMED


The Governor of Lagos State from 1999-2007, is rumored to be worth over $5 billion. According to ThisDay Newspaper, governor Bola Tinubu was able to improve the Internally Generated Revenue (IGR) from less than a billion Naira to about N10 billion a month before he left the office.


Though there are no clear statements of businesses currently owned by Tinubu, it is believed that the following are some of his investments and businesses in real estate media, fintech, leisure, and hospitality including:

· The Nation Newspaper

· Lekki Concession Company

· Adaba FM

· Radio Continental

· Television Continental

· Alpha Beta

· Royal Garden Estate

· Maiyegun Land Project

It is also alleged that Tinubu owns shears with companies and football clubs outside Nigeria including Manchester United and Apple.


Who do you think can be referred to as the chief investment driver in Nigeria?

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