Peter Obi, the presidential candidate of the Labour Party in the 2023 election, has described fuel subsidy as an organised crime. On Monday, during an appearance on Arise TV’s ‘The Morning Show,’ Obi discussed his alternative approach to resolving the impending strike by the Nigeria Labour Congress and Trade Union Congress.
Obi stated, “Fuel subsidy is organised criminal, and I have consistently advocated for its removal. In my view, the strategy would have involved eliminating the corruption and illegal aspects of this subsidy and addressing the excessive demand.”
He further explained that such measures could have led to a 50% reduction in the subsidy’s impact, and the remaining 50% could have been addressed through consultations with various stakeholders, allowing for an organized removal of the subsidy. The resulting gains from this removal could then have been invested in critical development areas.
The former governor of Anambra State expressed optimism regarding Nigeria’s future.
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