On Monday, during an interview on Arise TV’s “The Morning Show,” Peter Obi, a Labour Party presidential candidate for the 2023 election, likened fuel subsidies to organized crime.
He explained this comparison while discussing the alternative strategy he would have employed to prevent the imminent strike by the Nigeria Labour Congress and Trade Union Congress.
Fuel subsidy is a form of organised crime. I emphasised this numerous times: get rid of it. In my opinion, the best course of action would have been to eliminate both the excessive demand and the corrupt and criminal aspects of the situation.
“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.