N658 is the debt Nigerian states owe but the profit one man made in a day


Amancio Ortega has got a big smile and a bigger pocket
Nigeria’s 36 states have estimated their total indebtedness, including salaries owed workers at N658 billion, about $3.3 billion.
The money appears a big deal to the cash strapped governors who have constantly lamented the drop in oil prices but not to Amancio Ortega, the Spanish billionaire, Europe’s richest man and second richest man in the world.
Just on Monday, he added $2.3 billion to his fortune, as shares in Inditex, the Zara owner and world’s largest clothing retailer, rose 3.9 per cent.
The Spanish billionaire’s gain was $500 million more than the combined …Read More

Source:: PM Newspaper