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Tinubu’s economic policies are good, Peter Obi wouldn’t have done anything different- Coschasris Motors CEO
Cosmas Maduka, the Chief Executive Officer and founder of Coscharis Group, has stated that Peter Obi would not have implemented policies different from those of the current administration if he had won the presidential election in 2023.
The Anambra born business mogul and industrialist stated this while speaking in an interview on Mic On Podcast with Okinbaloye via YouTube on Saturday, adding that that Nigeria is moving in the right direction under President BolaTinubu, despite the challenges.
He emphasised that critical economic policies, such as subsidy removal, would have been inevitable under any government.
“People have asked me, will Peter Obi have done anything different if he won the election? I said no. He would have removed subsidy from day one also,” Maduka stated.
Addressing the concerns surrounding the naira’s value and economic hardship, Maduka acknowledged the difficulty in making such statements as a wealthy individual but maintained that the government’s priority should be reinvesting the savings from subsidy removal into infrastructure development.
“The government should be more disciplined to use the money they have removed in the subsidy to put it in infrastructure so that people that you have taken from, those who have been flying private jets from subsidy money, their businesses fall. But if you collect that money from them and put it in ventures that favour the general public, then there is progress,” he explained.
He further cautioned that if the government fails to channel the funds into productive ventures, the country will remain stagnant.
“If you move from one tomb to another, you are still in the same graveyard. You haven’t gone anywhere,” he remarked.
Maduka also touched on the country’s debt situation, noting that borrowing itself is not the problem, but rather the purpose for which funds are borrowed.
“The borrowing of a country is not a problem. What is the problem; Are you borrowing for capital development? Are you borrowing for infrastructural development? Because it will pay back itself. But if you are borrowing to take a second wife, if you are borrowing to share money for poverty alleviation, you are deepening the hole that, after we get inside, nobody can bring us out,” he said.
He emphasised the need for fiscal discipline in governance, urging the government to curtail excessive spending and ensure that resources are directed towards projects that will benefit Nigerians.
“There is some level of discipline that is required to curtail excesses from the government. Are we in the right direction? Yes,” he said.
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Breaking: Court of Appeal rules in favour of Turaki -led PDP candidate for Osun governorship election
The Court of Appeal, Abuja Division, on Thursday, ruled that the Peoples Democratic Party, PDP Gubernatorial Candidate in Osun State was validly nominated by the Tanimu Turaki-led National Working Committee.
The court also ordered INEC to list the PDP logo on the ballot ahead of Saturday’s gubernatorial election.
The Court held that access code is neither a creation of the Constitution nor the Electoral Act; rather, a creation of INEC’s guidelines and cannot, in any way, override the provisions of the Constitution.
Section 288 of the Constitution does not specify the method for nominating candidates; it only states that the names of candidates should be forwarded to the Commission.
The court further held that the defendant (INEC) should take steps to include the name of the appellant on the ballot paper.
Additionally, the court ruled that the primary election conducted by the Tanimu Turaki-led National Working Committee (NWC) of the PDP was a valid primary election in law.
The three-man panel of justices—Justice Mahmud, Justice Jaro, and Justice Ankawere, was unanimous in its judgment.
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Breaking: NHRC sets up situation room to monitor and document hate speech, intimidation, threat to life ahead 2027
The national Human Rights Commission, NHRC, has set up a situation room to monitor and document all incidences of hate speech, intimidation and threat to life by politicians and other actors ahead of the 2027 general election.
The National Human Rights Commission (NHRC) has expressed concerns over rising incidences of hate speech, intimidation and outright threat to life by highly placed individuals, especially politicians and religious leaders.
The Executive Secretary of the Commission, Chef Tony Ojukwu, SAN, revealed this on Thursday in Abuja at a press conference.
He said the situation room would enable the Commission harvest data, analysis and document persons, agencies and others involved in the negative statements in order to ensure they are properly tracked and brought to book by relevant agencies.
Ojukwu also took journalists on a tour of the newly set up situation room.
Details later…..
News
Breaking: NHRC expresses concern over rising incidences of hate speech, threat to life ahead 2027 elections
The National Human Rights Commission (NHRC) has expressed concerns over rising incidences of hate speech, intimidation and outright threat to life by highly placed individuals, especially politicians and religious leaders.
At a press conference in Abuja Thursday, the Executive Secretary of the Commission, Chef Tony Ojukwu, SAN, recalled statements credited to Senator Francis Fadahunsi and Sheikh Yahya Jingir and described the das dangerous with capacity to set the nation ablaze.
He called on politicians, religious and traditional rulers, among other stakeholders to call their supporters and faithful to orders.
He urged government to act before rhetorics turn to violence, saying the forthcoming election in Osun State should serve as example of Nigeria’s capacity to conduct political contest in compliance with international best practices.
Details later…..
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