Senator Orji Uzor Kalu, representing Abia North, recently shared insights into his pre-political career, emphasizing his business achievements. Kalu revealed that he entered politics with a substantial $4 billion balance sheet, a testament to his success in various sectors.
The former governor of Abia clarified that he transitioned into politics in 1998 after establishing thriving businesses in diverse industries such as media, oil and gas, shipping, and airlines. In a social media post, Sen. Kalu highlighted his background as a businessman, underscoring his financial capacity to support the People’s Democratic Party (PDP) upon entering politics.
Kalu’s disclosure sheds light on his entrepreneurial journey, positioning him as a businessman turned politician with a significant financial foundation.He said, “I built several entities (businesses particularly in the media, oil, and gas sector, shipping, airlines, and others), and in 1998, I left more than a $4 Billion balance sheet in my companies before venturing into politics”.
He wondered why people like him are expected to be penniless while those who have done next to nothing parade themselves as achievers.
He noted further, “In 1998, I used my resources to fund the Peoples Democratic Party (PDP), my former party, and certain personalities. I built several entities (businesses particularly in the media, oil, and gas sector, shipping, airlines, and others).
“Today, those who have done next to nothing in the private sector are the ones parading themselves as achievers and saints. Whereas the real face of the organized private sector and other accomplished personalities like myself who have worked tirelessly and multiplied investments are expected to be penniless.
“Even though I have had my ups and downs, the fact is that I didn’t start life as a politician. I am a businessman, a capitalist with a human face.”