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 Gov Hope Uzodinma’s  $785, 496 Wristwatch Can Build 20 New Health Centers In Imo- Group
July 14, 2022

Gov Hope Uzodinma’s $785, 496 Wristwatch Can Build 20 New Health Centers In Imo- Group

The said wristwatch, which is rare and not a common sight in this part of the globe, is estimated to cost $785, 496 upwards.

A peep into the list reveals that at current market rates, Governor Uzodimma’s wristwatch can serve to do a lot of things in Imo State for the benefit of the ordinary citizens, many of whom are battling poverty.

According to a research firm, ResearchGate, Imo State is struggling with the triple threat of high population density- about 900 people per square meter, poor waste management, and land degradation.

Checks by LEADERSHIP showed that the wristwatch is currently sold for $783,084. At the prevailing black-market rate of N612/$, the wristwatch amounts to (N479,247,408 million).

When calculated at the official importers and exporters’ exchange rate window of N415.83, the wristwatch would cost N325.629,819 million. The parallel exchange rate (black market rate) always differs from the Central Bank of Nigeria (CBN) rate.

In relation to its market value, the wristwatch has a value worth more than two of the $200 million world class hospital the Nigerian Sovereign Investments Authority (NSIA) is set to build in Abuja this year as part of its plans to strengthen Nigeria’s healthcare delivery system.

According to the managing director of NSIA, Mr Uche Orji, the state-of-the art hospital will be located in the Federal Capital Territory (FCT).

Orji described it as a center for advanced medicine. 20 more of the centers would also be built across the country with the same money, according to reports.

The wristwatch can build the two pedestrian bridges built by Nasarawa State government with N400 million at the Mararaba Orange Market in Karu local government area of the state, even though the project was adjudged to be expensive at the time it was built in 2016.

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