Again, Peter Obi Dismisses Fuel Subsidy As Organized Crime, Affirms Optimism For Nigeria’s Future

Related stories

How Much Gas Prices Have Risen Since the Iran War

Key Takeaways U.S. gas prices have risen about 44%...

Tinubu Orders Forensic Audit of IPPIS, Federal Agencies Over Payroll Fraud

By Nwosa Hamilton President Bola Ahmed Tinubu has directed a...

“I’ve Evidence Tinubu is 90 Years Old, And I’ll Present in Court,” Atiku Claims

By Abiola Olawale Former Vice President and African Democratic Congress...

(VIDEO) Outrage as Nwebonyi Campaigns for Votes Across a River with No Bridge in Ebonyi

https://youtu.be/M70fofT515w?si=914s8kMpIdKaeeO0 By Abiola Olawale A recent campaign outing by Senator Peter...

Oil Prices Head for a Weekly Loss Despite Escalating Iran Tensions

Crude oil prices were on course to book another...

By Louis Achi

The presidential candidate of the Labour Party in the 2023 election, Mr. Peter Obi has repeated his consistent position on fuel subsidy, stressing it is an organized crime while reacting to the problems facing the country following its removal by the administration of President Bola Tinubu.

Speaking on Arise TV ‘The Morning Show’ on Monday, Peter Obi dwelt on what approach he would have taken differently in resolving the looming strike by the Nigeria Labour Congress and Trade Union Congress.

His words: “Fuel subsidy is organised crime. I said it repeatedly that it should be removed. For me, the approach would have been 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 proceeds of the gains of the removal to be invested in critical development areas.”

The former Anambra State governor affirmed his optimism about Nigeria’s future.

The New Diplomat
The New Diplomathttps://newdiplomatng.com/
At The New Diplomat, we stand for ethical journalism, press freedom, accountable Republic, and gender equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high-quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories