Nigeria on right track, Obi would have done same – Cosmas Maduka
Business magnate and founder of Coscharis Group, Cosmas Maduka, has stated that Peter Obi would not have implemented policies different from those of President Bola Tinubu if he had won the presidential election.
Speaking on the Mic On podcast with Seun Okinbaloye on Saturday, Maduka maintained that Nigeria is on the right path despite current economic challenges. He emphasized that key policies, such as subsidy removal, were inevitable regardless of who was in power.
“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 said.
Addressing concerns over the naira’s depreciation and economic hardship, he acknowledged the difficulties but stressed the need for the government to reinvest subsidy savings into infrastructure to benefit the public.
“If the funds are used productively, there will be progress,” he stated, warning that failure to do so would leave the country stagnant.
Maduka also weighed in on Nigeria’s debt profile, arguing that borrowing is not inherently bad if used for capital and infrastructural development rather than frivolous expenditure.
“There is some level of discipline required to curtail excesses from the government. Are we in the right direction? Yes,” he concluded.
