N603.42 Billion? Is what Gov Peter Obi has received and spent so far ....

The followings are Federal budgetary allocations received by the Obi government in the last eight years:

2006 - 35.87 billion naira; 
2007- 54.25 billion naira; 
2008- 60.58 billion naira;
2009 - 75.53 billion naira;
2010 - 67 billion naira; 
2011- 66.9 billion naira;
2012- 103.2 billion naira; 
2013- 110.89 billion naira,


 Totalling 603.42 billion naira after tax.

DOES WHAT HE CLAIMS TO HAVE DONE EQUATE TO N603.42 Billion?

SOURCE: http://www.vanguardngr.com/2013/01/fg-states-lgas-squander-n80-trn-in-9-years/.


LGA allocation..... 2.8 billion naira by 8 years =22,400,000,000.00 billion Naira
Oil State Derivation.. 2.8 billion Naira monthly multiply by 3 years N100.8 billion Naira


Anambra fed allocation 603.42 billion naira after tax.

IGR 2.5 billion monthly multiply 8 years =240 billion Naira

Total LGA allocation :.......... 22,400,000,000.00 billion Naira
Anambra fed allocation:......603,420,000,000.00 billion naira after tax
IGR...................................240,000,000,000.00 bilion Naira
Oil State Derivation.............100,800,000,000.00 billion Naira

During Ngige 3 years as governor of Anambra state he raised Anambra’s IGR from N50 million monthly to N450 monthly within 33 months.

In 8 years of Obi in the government he raised the IGR to N600 million monthly, but unfortunately Obi’s monthly and outrageous security vote of N500 million gulped the whole IGR leaving the state with only N100 million naira for expenditure.

Another question is why did Obi'S IGR remained static at N600 million even though more business and companies were established and more taxes were introduced by Obi. It is expected that the IGR is suppose to increase by 400-500% during eight years of Obi's tenure. Our sources revealed that Anambra makes about 2.5 billion Naira Internal generated revenue monthly.

The followings are budgetary allocations received by the Obi government in the last eight years:

2006 - 35.87 billion naira; 2007- 54.25 billion naira; 2008- 60.58 billion naira; 2009 - 75.53 billion naira; 2010 - 67 billion naira; 2011- 66.9 billion naira; 2012- 103.2 billion naira; 2013- 110.89 billion naira, totalling 603.42 billion naira after tax.

SOURCE: http://www.vanguardngr.com/2013/01/fg-states-lgas-squander-n80-trn-in-9-years/.

ROUGH ESTIMATE

LGA allocation..... 2.8 billion naira by 8 years =22,400,000,000.00 billion Naira
Oil State Derivation.. 2.8 billion Naira monthly multiply by 3 years N100.8 billion Naira
Anambra fed allocation 603.42 billion naira after tax.
IGR 2.5 billion monthly multiply 8 years =240 billion Naira

Total LGA allocation :.......... 22,400,000,000.00 billion Naira
Anambra fed allocation:......603,420,000,000.00 billion naira after tax
IGR...................................240,000,000,000.00 bilion Naira
Oil State Derivation.............100,800,000,000.00 billion Naira

Add the money allocated to the state for conducting local govt election which Obi never conducted.
Add grants, loans, aid, ecology funds special funds of different kinds.
Where are all these monies? Where is it located in Anambra state soil because I can see none?

Available records show that Fidelity Bank was not able to post a profitable year until Governor Peter Obi’s accession to the seat of Governor in Anambra State. Nearly one year after Governor Peter Obi became governor, Fidelity Bank posted an increase of 219 per cent profit after tax for the third quarter ended March 31, 2007. Fidelity Bank’s growth remained astronomical in the following years. In 2013, Fidelity Bank announced a profit before tax of N11.2 billion for the half year ended 30th June, 2013, representing 13.3 percent growth over N9.88 billion recorded in the corresponding period of 2012. In 2012, Fidelity Bank announced a growth of 608 percent in its profit after tax for the financial year ended December 31, 2012. Fidelity bank now occupies the sixth position in the Nigeria banking industry.
Obi before becoming the governor of Anambra state was rated between 3 to 4 billion Naira rich. Within 8 years of Obi in power as Anambra State governor, he is rated between 4-5 billion dollars richer. He was able to convince some of the gullible Igbos that Fidelity Bank is Igbo Bank. Therefore, Anambra money should be deposited in Igbo Bank. He sited an example with the WEMA bank as Yoruba Bank where the Yorubas State government deposits their state funds. However, last time I checked, Odua Investment Company Limited has 10% share of WEMA BANK. Odua Investin ment Company Limited is owned by five Yoruba state government comprising of Oyo, Ogun, Ondo, Osun and Ekiti States while South east state has 0% in Fidelity bank.

Anambra 2013 Governorship elections. If Peter Obi really cares for his people why is this  Peter Obi's N100 Billion Complex built with your money  located in Abuja NOT in  Onitsha, Nnewi,  Ukpor or even Agulu ?