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Why Peter Obi’s Claim On Foundation Of Nigeria’s Economic Transformation Is correct – Kingsley Moghalu

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Former presidential candidate of the African Democratic Congress, ADC, Kingsley Moghalu, has said claims made by the presidential candidate of the Labour Party, LP, Peter Obi, that the economy cannot be driven by just physical infrastructure is correct.

Moghalu disclosed this in a post via his verified Twitter handle on Monday.

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The former Deputy Governor of the Central Bank of Nigeria, CBN, said the foundation of economic transformation is human development, noting that the economy cannot make real progress without it.

He also stated that it is mass education and skilling of millions, access to healthcare, and potable drinking water that lays the foundation for moving millions from poverty to sustainable income and wealth creation opportunities.

He wrote, “From the standpoint of economic transformation, presidential candidate @PeterObi has a strong, even if controversial point: that the economy cannot be driven just by (physical) infrastructure. The foundation of economic transformation is human development (social infrastructure).

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READ ALSO: 2023: Peter Obi Can’t Win, Yet You’re Obsessed With Him, Ezekwesili Shades Atiku, Tinubu

“Unless and until we understand this, our economy cannot make real progress. It is the mass education and skilling of millions, access to healthcare, potable drinking water (not the business of pure water and water tankers) that lays the foundation to moving millions from poverty to sustainable income and wealth creation opportunities.

“Physical infrastructure is of course important for the economy. But 133 million poverty stricken, mainly illiterate Nigerians cannot be the most productive users of infrastructure for which we claim we have borrowed to the hilt, and for which we are spending more than 100% of our meager earnings servicing debt. This has been my position for the past two decades, and is supported by the evidence of all great economic transformations such as South Korea and China. I simply have to be blunt about this.”

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Politics

CSO, PDP Bicker Over Fagbemi’s Stand On Osun LG Crisis

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An Osun-based civil society group, The Osun Masterminds, has urged the State Government to respect the opinion of the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, regarding the leadership crisis rocking local government areas in the state.

The group said Fagbemi, being the number one law officer of the federation, his opinions on issues relating to law are not just official, but are also binding.

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This was disclosed by the Executive Director of the group, Prof. Wasiu Oyedokun-Alli, while speaking with journalists at the monthly media briefing of the organisation held in Osogbo on Friday.

READ ALSO:Osun APC, PDP In War Of Words After Adeleke, Tinubu’s Meeting

Oyedokun-Alli, who said accused the state government of disregard for, not just the Appeal Court, but also the Office of the Attorney-General of the Federation, adding that the group has studied several legal positions on the Osun local government disputes and came to the conclusion that the government was swimming against the tide of clear court pronouncements.

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We are to point out, however, that the utter disregard for, not just the Appeal Court, but also the Office of the Attorney-General of the Federation, by the Osun State Government is a matter of grave concern. Where we understand that the Attorney-General of the Federation, Lateef Fagbemi, is the number one Law Officer of the Federation, we must realise that his opinions are not just official, they are also binding.

“We have studied several legal positions on this matter, especially from highly revered silks who have dissected the pronouncements of the Court, and one thing remains obvious – the Osun State Government is swimming against the tide of clear Court pronouncements.

READ ALSO:IG Squads Occupy Secretariats As Osun LG Poll Crisis Rages

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“The question that begs answers, however, is why the Osun State Government is so unwilling to work with Local Government Chairmen elected under a different political platform. Where we respect the principles of separation of powers, should we not be willing to work together even if the political parties are not the same? Has the APC-led Federal Government refused to work with the Adeleke Government because it is of the PDP?”, Oyedokun-Alli said.

Calling on the stakeholders to prevail on the Osun State Government to end the LG crisis, Oyedokun-Alli, however, urged the residents, regardless of party affiliation, to cohabitate in peace.

Responding to issues raised by the group, the spokesperson for the ruling Peoples Democratic Party, Oladele Bamiji, said TOM was a partisan organisation that has consistently supported the All Progressives Congress in the state.

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READ ALSO:Osun LG Crisis: Council Boss, PDP Trade Accusations

Bamiji further said, “Their so-called ‘civil society’ posturing has long collapsed under the weight of its hypocrisy and shameless servitude to the dictates of APC in Osun and beyond, and it is sad they are dead to their dented image out there.

“TOM has again confirmed to the people of Osun that it is nothing but a busy body propaganda irritant of the APC, issuing monthly rankings, not out of civic concern but to earn its monthly stipend from its political sponsors.

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“We find it laughable and frankly disturbing that any group claiming to possess civic literacy would hold binding the personal opinion of a political appointee like the Attorney General of the Federation, Lateef Fagbemi, over and above the ruling of a competent court of law.”
(PUNCH)

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BREAKING: Confusion As APC Chair, Ganduje Resigns

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National Chairman of the ruling All Progressives Congress (APC), Dr. Abdullahi Ganduje, has resigned from his position, Saturday Vanguard has learned.

Although the exact circumstances surrounding his resignation remain unclear as of press time, a senior party official confirmed the development, stating simply, “Yes, it is true. He has resigned.”

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READ ALSO: FCT Polls: APC Releases Names Of Primary Election Committee Members

Sources revealed that Ganduje’s personal belongings were earlier moved from his office at the APC national secretariat, further fueling speculation.

The development has thrown the party’s headquarters into confusion, with staff and visitors visibly shocked by the unexpected news.

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‘Peace Has Returned To Rivers’ — Wike, Fubara Speak After Meeting Tinubu

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After months of political tension and division in Rivers State, Governor Siminalayi Fubara and his predecessor, Nyesom Wike, have publicly declared an end to their rift, assuring residents that peace has finally returned.

The truce followed a meeting with President Bola Tinubu at the Presidential Villa on Thursday night, where both leaders, along with other stakeholders, reached a resolution to work together for the state’s progress.

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Speaking to journalists after the meeting, Wike, the Minister of the Federal Capital Territory, expressed gratitude to God for the breakthrough.

READ ALSO: Fubara Exonerates Self From Pipeline Vandalism, Blames Wike For Crisis In Rivers

Wike said, “I want to give God the glory that today is the 26th of June 2025, that peace has finally returned to the state. We all agreed to work together with the governor, and the governor also agreed to work together with all of us. We are members of the same political family.”

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He acknowledged that disagreements are part of politics but emphasised that the resolution marked a fresh start for the state.

He said, “Just like humans, you have disagreements, and then you also have a time to also settle your disagreements, and that has been finally concluded today, and we have come to report to Mr President that is what we have agreed.

READ ALSO: Wike Revokes 4,794 Land Titles Over Non-payment Of Ground Rent In FCT

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“So for me, everything is over, and I enjoin everybody to work together with everybody. There is no more acrimony; there is nothing to say. We have disagreed; we have all agreed on everything, so thank God. For me, it’s a day we have to thank almighty God.”

Governor Fubara, who also spoke to journalists, said the return of peace is crucial to the state’s development.

He said, “For me, it’s very important that this day has come to be. What we need for the progress of Rivers State is peace, and by the special grace of God this night, with the help of Mr President and the agreement of the leaders of the state, peace has returned to Rivers State.”

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Fubara pledged to do everything within his power to sustain the peace, describing it as a step toward lasting stability and governance in the oil-rich state.

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