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“We don’t want those investors back”: Oshiomhole makes another ignorant argument

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“We don’t want those investors back”: Oshiomhole makes another ignorant argument

The National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, has criticised investors who may have pulled out their money from the economy in response to the APC’s victory in Saturday’s general elections.

Responding to a statement by the PDP candidate in the presidential elections, Atiku Abubakar, that over N85 billion was lost immediately Buhari was declared winner, Oshiomhole said, “…if those depositors see that it will not be business as usual and decided to take their flight, we don’t even want them to come back. Nigeria needs genuine investors who have faith in our country with long term interest.”

Other highlights of Oshiomhole’s interview:

  • The APC is looking forward to meeting Atiku in court. “From day one, Atiku made up his mind that unless he wins, the election is not free and fair and it is only free and fair if he is returned as the candidate,” Oshiomhole said. “So, we hope and we are looking forward to meeting Alhaji Atiku Abubakar in court and the facts will be laid bare but if I might dare him, we might also choose to cross-petition because there were many areas we can dispute.”
  • Atiku is a desperate politician. “He is so desperate that in 2003, he challenged his own boss, Obasanjo. Do you think that such a political rolling stone, does he think that Nigerians are so insincere as to think that a man who is not stable and whose interest is about himself will be a possible candidate to be elected?”
  • The high turnout in the North East shows that substantial peace has returned to the area. He said if Atiku does not know about the peace in the area, it could be because he does not go home regularly.

Bottom Line: This propaganda by the APC that those who pull their investments from the economy do so because they know it is no longer business as usual is ignorant and mischievous. That is not how the market works. It is like arguing that because President Buhari always travels to the best hospitals in the world for his medical vacations, it means he does not have the country’s best interest at heart. Investors are just like President Buhari, they will take their money where they believe it stands a healthier chance.

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