The presidential candidate of the Labour Party in the 2023
election, Peter Obi, has described fuel subsidy as an organised crime.
Obi, on Monday, said this while speaking on Arise TV ‘The
Morning Show’ on what approach he would have taken differently in resolving the
looming strike by the Nigeria Labour Congress and Trade Union Congress.
“Fuel subsidy is organised crime. I said it repeatedly that
it should be removed. For me, the approach would have been, is to remove the
corruption and criminal side of it and remove the excess demand.
“By doing this, you would have reduced it by 50 per cent.
The remaining 50 per cent is what we would have been able to, after consultation
with various stakeholders in order to find a way in an organised manner, remove
and show the proceed of the gains of the removal to be invested in critical
development areas.”
The former Anambra State governor added that he felt
positive about Nigeria’s future.
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