Business magnate, Cosmas Maduka, is of the opinion that the Labour party presidential candidate, Peter Obi, would not have done anything different from what the current administration is doing if he had won the 2023 presidential election.
Speaking on Mic On podcast with Seun Okinbaloye on Saturday, February 22, Maduka who is the chairman of Coscharis Group, argued that Nigeria is on the right path despite economic difficulties, stressing 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,” he said.
On concerns over the naira’s depreciation and economic hardship, Maduka acknowledged the challenges but insisted that government must reinvest subsidy savings into infrastructure to benefit the wider public.
“If the funds are used productively, there will be progress,” he stated, warning that failure to do so would leave the country stagnant.
