“Fuel Subsidy Is Organized Crime”, I Would Have Approached It Differently As President – Peter Obi

Peter Obi, the Labour Party’s presidential contender in the 2023 election, has spoken to the country’s concerns following the elimination of gasoline subsidies.

He underlined the fuel subsidy as a form of organized crime once more.

Obi said this on Arise TV’s ‘The Morning Show’ on Monday about how he would have handled the approaching strike by the Nigeria Labour Congress and Trade Union Congress differently.

“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.