John Ogele
Renowned businessman Cosmas Manuka has expressed his opinion that Peter Obi, the Labour Party's presidential candidate, would not have implemented policies different from those of the current administration had he won the election. Maduka, the founder of Coscharis Group, made this assertion during an interview on Mic On Podcast with Okinbaloye via YouTube on Saturday.
Maduka emphasized that Nigeria is moving in the right direction despite its challenges, and that critical economic policies like subsidy removal would have been inevitable under any government. He stated, "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 also addressed concerns surrounding the naira's value and economic hardship, acknowledging the difficulty of making such statements as a wealthy individual. However, he maintained that the government's priority should be reinvesting the savings from subsidy removal into infrastructure development.
Maduka cautioned that if the government fails to channel the funds into productive ventures, the country will remain stagnant. He emphasized the need for fiscal discipline in governance, urging the government to curtail excessive spending and ensure that resources are directed towards projects that benefit Nigerians.
In his words, "There is some level of discipline that is required to curtail excesses from the government. Are we in the right direction? Yes." Maduka's statements provide insight into his perspective on Nigeria's current economic situation and the potential implications of alternative leadership.
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