Verifying Osinbajo, Obi, vice-presidential candidates at 2019 poll debate as released by the cable.
CLAIM BY OBI: Total loans from the banks in Nigeria is N19trn and only 0.5% goes to SMEs
CHECKED: Unverified
CLAIM BY OSINBAJO: There is a tax threshold for SMEs, SMEs get to a level before they pay taxes
CHECKED: Verification in progress.
CLAIM BY GALADIMA: AFCTA will not benefit Nigeria
CHECKED: Cannot be proven by facts.
CLAIM BY OBI: African trade today is less than 9 percent
CHECKED: False. Intra-Africa Trade is 16 percent.
CLAIM BY OSINBAJO: Nigeria went down by 64 places under PDP, but has risen by 24 places under APC
CHECKED: True and False. Nigeria went down from 120 to 170 between 2008 and 2015, under PDP rule. Under the APC, ease of doing business has risen from 170 in 2015 to 146 in 2018, according to the World Bank Ease of Doing Business report.
CLAIM BY OBI: Oil give you 80% of foreign exchange earnings
CHECKED: False. According to CBN,
CLAIM BY OBI: To bring out goods from Apapa cost more than it takes to bring goods from Europe
Verification in progress
GALADIMA: We have four refineries in Nigeria, and none is working.
CHECKED: False. The refineries according to NNPC reports are working at sub-optimal levels.
UMMA GESTO: Nigerian Airways was one of the largest in the world
Verification in progress
OBI: Apple Inc’s market cap is bigger than the economy of Nigeria, South Africa and Egypt
CHECKED: Dicey. Apple’s market cap today is $788.57 billion. The economy of these three countries are bigger than Apple. When Apple was $1 trillion a few months ago, it was bigger in dollar terms.
Editor’s Note: This is a developing situation, the claim verification is an ongoing process. As soon as they are verified, they would be updated.
