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Peter Obi unveils seven–point economic master plan

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Presidential candidate of the Labour Party, Peter Obi yesterday in Lagos unveiled seven economic master plans, his administration will concentrate, if he emerges the winner of the 2023 election.

The LP candidate, in his engagement with the private sector under the aegis of the Lagos Chambers of Commerce and Industry (LCCI), said what his government will do was to ensure creating the right environment and follow up on implementing those policies.He said he will engage in aggressive private sector driven economy and block leakages in government.

Obi added that his government will deal with insecurity issue as fast as possible by overhauling the total security architecture and encourage creation of state and local policing.

The LP candidate said under his watch, no government assets will remain idle, assuring that all will be put into productive use in partnership with the private sector.

He said his government will encourage massive production centre growth for food security, ensure effective legal and institutional reforms and expand physical infrastructure

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Others according to him include aggressive development of human capital, provide foreign policy to restore Nigeria’s relevance, stimulate industrial revolution, grow foreign reserves and security to lives and property.

He said the issue of oil subsidy was an organised crime, which his government won’t encourage.

“Most of challenges are institutional weaknesses and lack of political will to do the needful.

“We will streamline governance ensure that it is responsive that provides needed services to the populace.

“To move Nigeria forward requires a concerted efforts that seeks adherence to the rule of law.

“Experience shows that inclusiveness is an essential element in decision-making process.

“I will be fully responsible for actions and decisions taken by my government.

“For you to generate revenue, it is the job of government to encourage economic growth and create jobs, who will in turn invest in the economy and pay taxes.

“Start pulling the people out of poverty and encourage economic growth. China finances its budget majorly from taxes. You need to inject and support the economy.”

On power, he said the problem was the transmission sector, which he promised to liberalise.

“Yes, we have privatised the generation and distribution but the major link between the two, which is the transmission. For our government, we will liberalise this sector and support the existing companies in that sector. This can be done by aggressively involving the private sector.

“Government does not have to look for money to do this. The government can go ahead to provide guarantee like it was done in Egypt.”

He added that another challenge bedeviling the country was waste in government, which his administration would decisively deal.

“I have allergy for waste and the same thing will apply in my government.”

Earlier, the president LCCI, Dr. Michael Olawale-Cole said that the private sector in Nigeria contributes about 80 per cent of our GDP, hence, LCCI cannot afford to miss the opportunity to engage Obi on his economic plans for the country.

“While the chamber is non-partisan, we are however interested in the economic agenda of the candidates and their plans to make a better nigeria in the next dispensation.”

He added that the chamber was aware of the over-shadowing effect of politics over economics in managing the Nigerian economy and would therefore wish to contribute to the setting of a new economic order that can take our economy from the doldrums.

“New policy directions, institutional reforms, and sound governance are critical to creating a new economic order in nigeria. This is why we are gathered here today!

“For the past 16 years, LCCI has organized this session in every election cycle.

“This is a part of its public policy advocacy to provide a first-hand opportunity for presidential candidates of the leading political parties to speak to the organized private sector (ops) on their economic blueprint for Nigeria.

“All patriotic Nigerians would like to know the plans and intentions of a future president, and this will most likely enhance the choices people make at the
Peter Obi unveils seven–point economic master plan
By Everydaynewsngr – September 22, 202206

Presidential candidate of the Labour Party, Peter Obi yesterday in Lagos unveiled seven economic master plans, his administration will concentrate, if he emerges the winner of the 2023 election.

The LP candidate, in his engagement with the private sector under the aegis of the Lagos Chambers of Commerce and Industry (LCCI), said what his government will do was to ensure creating the right environment and follow up on implementing those policies.He said he will engage in aggressive private sector driven economy and block leakages in government.

Obi added that his government will deal with insecurity issue as fast as possible by overhauling the total security architecture and encourage creation of state and local policing.

The LP candidate said under his watch, no government assets will remain idle, assuring that all will be put into productive use in partnership with the private sector.

He said his government will encourage massive production centre growth for food security, ensure effective legal and institutional reforms and expand physical infrastructure

Others according to him include aggressive development of human capital, provide foreign policy to restore Nigeria’s relevance, stimulate industrial revolution, grow foreign reserves and security to lives and property.

He said the issue of oil subsidy was an organised crime, which his government won’t encourage.

“Most of challenges are institutional weaknesses and lack of political will to do the needful.

“We will streamline governance ensure that it is responsive that provides needed services to the populace.

Read Also; Peter Obi will lose in Ondo, kinsmen declare
“To move Nigeria forward requires a concerted efforts that seeks adherence to the rule of law.

“Experience shows that inclusiveness is an essential element in decision-making process.

“I will be fully responsible for actions and decisions taken by my government.

“For you to generate revenue, it is the job of government to encourage economic growth and create jobs, who will in turn invest in the economy and pay taxes.

“Start pulling the people out of poverty and encourage economic growth. China finances its budget majorly from taxes. You need to inject and support the economy.”

On power, he said the problem was the transmission sector, which he promised to liberalise.

“Yes, we have privatised the generation and distribution but the major link between the two, which is the transmission. For our government, we will liberalise this sector and support the existing companies in that sector. This can be done by aggressively involving the private sector.

“Government does not have to look for money to do this. The government can go ahead to provide guarantee like it was done in Egypt.”

He added that another challenge bedeviling the country was waste in government, which his administration would decisively deal.

“I have allergy for waste and the same thing will apply in my government.”

Earlier, the president LCCI, Dr. Michael Olawale-Cole said that the private sector in Nigeria contributes about 80 per cent of our GDP, hence, LCCI cannot afford to miss the opportunity to engage Obi on his economic plans for the country.

“While the chamber is non-partisan, we are however interested in the economic agenda of the candidates and their plans to make a better nigeria in the next dispensation.”

He added that the chamber was aware of the over-shadowing effect of politics over economics in managing the Nigerian economy and would therefore wish to contribute to the setting of a new economic order that can take our economy from the doldrums.

“New policy directions, institutional reforms, and sound governance are critical to creating a new economic order in nigeria. This is why we are gathered here today!

“For the past 16 years, LCCI has organized this session in every election cycle.

“This is a part of its public policy advocacy to provide a first-hand opportunity for presidential candidates of the leading political parties to speak to the organized private sector (ops) on their economic blueprint for Nigeria.

“All patriotic Nigerians would like to know the plans and intentions of a future president, and this will most likely enhance the choices people make at the polls.””

Politics

NDC disowns purported OK Movement PCC, moves to sanction John Ugulu

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The Nigeria Democratic Congress (NDC) has disowned a purported announcement of a Presidential Campaign Council (PCC) under the name “OK Movement”, saying the publication credited to one John Ugulu did not emanate from the party.

The National Chairman of the party, Senator Cleopas Moses, made the position known in a statement on Saturday, stressing that only the party’s leadership has the authority to constitute and announce a Presidential Campaign Council.

Moses said the NDC “dissociates itself in totality” from the purported announcement and urged members of the public and the media to disregard it.

According to him, all candidates contesting under the platform of the NDC must recognise that they are not independent candidates but products of the party and are therefore subject to its authority and discipline.

“The party wishes to state categorically that only the party’s leadership can constitute and announce a Presidential Campaign Council, PCC,” he said.

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The NDC chairman warned that no member, candidate or support group should take actions capable of undermining or demarketing the party, adding that no individual or group was authorised to announce, constitute or publish any campaign council, structure or organ in the name of the party without prior approval from the National Working Committee (NWC).

Moses acknowledged the contributions of support groups to the party, saying the NDC appreciated their efforts and remained open to welcoming more groups committed to its mission of “rescuing Nigeria”.

He, however, cautioned support groups against presenting themselves as alternative structures or parallel organs of the party.

The chairman also urged members and support groups with grievances against the party to use established internal channels rather than resorting to public attacks.

“We expect a stop to unnecessary attacks against the party on whose platform our candidates are running. If there are any differences or grievances, support groups and members are advised to refer such matters to the party through appropriate internal channels for resolution rather than resorting to public attacks,” Moses said.

On Ugulu, the NDC chairman said the party had decided to refer him to its appropriate disciplinary organ over what he described as “this act of affront and his excesses during the primary election in Lagos State” as well as his alleged repeated disregard for party authority.

He said the disciplinary action would be taken in accordance with the provisions of the party’s constitution.

Moses reaffirmed the NDC’s commitment to its issue-based campaign, saying the party remained focused on delivering what it described as “a New Nigeria that is Possible.”

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2027: Tinubu, Atiku, Obi, 15 others make INEC final presidential candidates’ list

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Independent National Electoral Commission (INEC) has published the final list of presidential candidates and their running mates for the January 2027 general elections.

The ​‌‌‍​⁠‍⁠⁠‌‍⁠‌‍​‍​⁠‌​list, signed by the Secretary to the Commission, Rose Oriaran-Anthony, released on Saturday in Abuja, featured candidates sponsored by 18 political parties competing for the office.

The News Agency of Nigeria (NAN) reports that the gender distribution of the list showed that out of the 18 presidential flag bearers, 16 are male, representing 88.9 per cent, while two are female.

NAN also reports that the male contenders on the list include: Bola Tinubu of All Progressives Congress (APC), Abubakar Atiku of African Democratic Congress (ADC), and Peter Obi of Nigerian Democratic Congress (NDC).

Others are: Adewole Adebayo of Social Democratic Party (SDP), Oluseyi Makinde of Allied People’s Movement (APM), Donald Duke of People’s Redemption Party (PRP), Chibuzor Okereke of Labour Party (LP) and Omoyele Sowore of African Action Congress (AAC).

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The only two female presidential candidates, which constitute 11.1 per cent of the number, are: Okwori Fredrick of National Democratic Party (NDP) and Dr Esther Okereke of National Redemption Party (NRM).News

The gender statistics of the vice-presidential candidates also shows that a total of 14 running mates are male, representing 77.8 per cent, while only four, representing 22.2 per cent, are female.

The female vice-presidential candidates are: Ofordile Egobia (APP), Abubakar Usaku (DLA), Konto Bintu (LP) and Patience Ndidi (YPP).

NAN reports that the commission also released the final list of candidates for the senate and the House of Representatives.(NAN)

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Editorial

60 Years After: The Enduring Legacy Of Sir Odumegwu Ojukwu

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Sir Louis Philip Odumegwu Ojukwu
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How a pioneering businessman, philanthropist and education advocate continues to live on through family, enterprise and institutions

By Tony Edike

Sixty years after his death, the name Sir Louis Philip Odumegwu Ojukwu still evokes memories of enterprise, discipline, philanthropy and an uncommon commitment to education.

He died at Nkalagu in the then Eastern Region on September 13, 1966, leaving behind a legacy that has continued to endure across generations.

Born in 1909 at Umudim, Nnewi, Sir Odumegwu was the sixth of the 10 sons of Ojukwu Eze Okigbo and the only son of his mother, Ukonwa, among her four children.

Sir Odumegwu Ojukwu with Dr Nnamdi Azikiwe

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From humble beginnings, he rose to become one of Nigeria’s foremost businessmen and industrialists of his generation, while also making significant contributions to public institutions and the development of the then Eastern Region.

Six decades after his passing, his family, friends, associates and Ojukwu Transport Limited — the company he founded — are preparing to commemorate his life and legacy.

The anniversary will not, however, be marked with elaborate festivities.

Sir Odumegwu Ojukwu

According to his grandson, Dr P. Ike Ojukwu, an Obstetrician and Gynaecologist and a Director of Ojukwu Transport Limited, the family intends to keep the activities low-key, with events spread across the year.

“Sixty years is a long time,” Dr Ojukwu said, explaining that the commemoration would take place in different forms throughout the year.

A special Mass has been arranged in his memory, while other activities are being planned to honour the late business mogul and philanthropist.

A LEGACY THAT TRANSCENDS BUSINESS

Perhaps nowhere is Sir Odumegwu’s enduring influence more evident than in the continued activities of Ojukwu Transport Limited.

The company, which he founded, remains part of the family’s effort to preserve his ideals and memory.

One of the initiatives being sustained is the annual Sir LP Odumegwu Ojukwu Prize, awarded to the best graduating students in the Faculty of Business Administration and the Department of Estate Management/Surveying at the University of Nigeria.

Sir Ojukwu with nephew, Emmanuel and sons Joseph and Emeka

For the current winners, there is additional reason to celebrate.

The prizes have been revised upwards, and the beneficiaries have been urged to contact Ojukwu Transport Limited to receive their awards. The University authorities have already been notified.

The Sir Odumegwu Ojukwu Hall at the Enugu Campus of the University of Nigeria will also feature in the anniversary remembrance.

Beyond these existing commitments, the family is addressing plans for a proposed memorial hospital, scholarships and other charitable initiatives.

THE BUSINESSMAN WHO SERVED HIS REGION

Sir Odumegwu Ojukwu’s business achievements were matched by his involvement in public affairs.

He served as Chairman or Director of several government agencies and was also Chairman of the African Continental Bank, one of the prominent financial institutions of the period.

Sir Odumegwu with hos wife, Virginia

His influence extended into the establishment and development of the University of Nigeria.

The university was the brainchild of the late Right Honourable Dr Nnamdi Azikiwe, the Owelle of Onitsha, who was a close friend of Sir Odumegwu.

The Eastern Regional Government provided the principal funding for the establishment of the institution, but men such as Sir Odumegwu played important roles in mobilising support and resources for the ambitious project.

His contributions did not go unnoticed.

In the early 1960s, the University of Nigeria conferred an honorary Doctor of Laws (LLD) degree on him in recognition of his accomplishments.

It was an appropriate honour for a man whose own life had demonstrated the transformative power of education.

FROM “LP” TO “SIR ODUMEGWU”

To many Nigerians of his generation, he was initially known simply as LP Ojukwu — the initials standing for Louis Philip.

But following his knighthood by the Queen in the early 1960s, he chose to be known by his Igbo name, Odumegwu.

Sir Odumegwu Ojukwu with friend,
Sir Mobolaji Bank-Anthony.

 

The decision was also influenced by his friendship with the then Chief Justice, Sir Louis Mbanefo. Rather than have two prominent men carrying the same first name and title, he elected to use Odumegwu.

Thus, LP Ojukwu became Sir Odumegwu Ojukwu.

The name would subsequently become synonymous with business, philanthropy and public service.

“DIOKPALA NNEM”

Behind the public figure was a deeply committed family man.

Those who knew him remember his affection for his sisters — Mrs Nwosu, Mrs Okoli and Mrs Obi — and for their children.

To them, he was affectionately known as “Diokpala Nnem”, meaning “my mother’s first son.”

The relationship was reciprocal. He loved and supported his siblings, while remaining deeply attached to their families.

His philosophy was not simply to provide assistance, but to create a chain of responsibility.

He sponsored and trained at least one of his brothers’ children. But when the beneficiary completed the training, Sir Odumegwu insisted that the person should support their mother and, in turn, train another relative.

For him, assistance was meant to produce independence — and independence was expected to create another opportunity for someone else.

EDUCATION AS A FAMILY RESPONSIBILITY

His commitment to education developed early.

Still in his late twenties when his parents died, the young LP suddenly found himself shouldering responsibility for the education of his younger sisters.

When one of his younger sisters performed exceptionally well in her annual examinations, he reportedly wrote to her principal requesting double promotion.

The request was not merely a recognition of her brilliance. It was also intended to shorten the period of schooling and reduce the financial burden on him.

That episode captured something fundamental about his character: he valued excellence, but he also understood the sacrifice required to create it.

Even though he was known to be strict and careful with his hard-earned money, he was generous towards people placed under his care.

He instructed that his wards should be supported until “Ubulu fa emechie” — a traditional expression meaning, in essence, until the brain closes or intellectual development is complete.

Education, in his view, was therefore not a luxury. It was an obligation.

STRICT WITH HIS CHILDREN, PROUD OF THEIR SUCCESS

His philosophy of education was particularly evident in the upbringing of his own children.

A poor report card could provoke his anger, but academic success brought overwhelming joy and pride.

Although his sons lived and attended primary and secondary schools in Lagos Island, he insisted that they spend their holidays with members of the extended family in Nnewi, Onitsha or Port Harcourt.

At other times, they stayed with his cousin, Felix Okonkwo, popularly known as Okonkwo Kano, in Kano.

The arrangement ensured that despite growing up in Lagos, the children remained connected to their extended family and their roots.

SIX DECADES, BUT THE MEMORY REMAINS

For a man who died in 1966, Sir Odumegwu Ojukwu’s name has proved remarkably resilient.

His family continues to preserve his memory. His company continues to honour academic excellence in his name. Institutions continue to bear his name. Plans for scholarships and other charitable projects seek to extend the values he espoused to another generation.

And those who knew him continue to remember the man behind the achievements.

They describe him as a man of honesty, integrity, boundless energy, kindness, discipline, generosity and an unwavering belief in education.

His story is therefore not simply that of a wealthy businessman who lived and died six decades ago.

It is the story of a man who understood that wealth could be used to build people, institutions and opportunities.

It is the story of a businessman who became a philanthropist, a family patriarch who became a mentor, and a public-spirited citizen whose influence extended beyond his immediate commercial interests.

As the 60th anniversary of his death is commemorated, the central question is not merely how Sir Odumegwu Ojukwu should be remembered.

Rather, it is what should be done with the values he left behind.

For his family and associates, the answer appears clear: keep the legacy alive — through education, enterprise, service and giving.

A solid and unapologetic Igbo man, he was, nevertheless, completely detribalised in his outlook. Sir Odumegwu placed competence, loyalty and integrity above ethnicity, and Nelson Oyesiku’s appointment to the National Shipping Line in 1964 was just one example of this philosophy. He was an extremely family-oriented and down-to-earth man, yet he had a refined taste for Savile Row suits, shoes from Harrods, and choice traditional attire, some of which came courtesy of Alhaji Razaq Okoya’s father and others. At the time of his death, his principal residence was ‘Eastern House’ on Hawksworth Road, Ikoyi, Lagos.

His taste extended to his vehicles, although his impressive fleet never altered his simple and adventurous habits. LA 1 was a Rolls-Royce Silver Wraith, while LC 1 was a Cadillac. The fleet also included an Armstrong Siddeley, Oldsmobile, Pontiac, Rover and Land Rover, ably handled by Mensah and Clement. Despite having such a fleet, he was known to travel from Lagos to the East, often at night, sometimes alone with a trusted driver, a firearm cradled close at hand. The household services were handled by Oriuwa in the kitchen and Bernard, while his beloved pets included two Great Danes, Hector and Flash.

Sixty years after Nkalagu, Sir Odumegwu Ojukwu may be gone, but the ideals associated with his name continue to find expression in the lives of those he touched and in the institutions that still bear his imprint.

PHOTOS OF SIR OJUKWU FROM THE ARCHIVES 

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