Obi Labels Fuel Subsidy Organized Crime - The Top Society

Obi Labels Fuel Subsidy Organized Crime

TOPSOCIETYNG

Presidential candidate of the Labour Party for the 2023 election, Peter Obi, has described fuel subsidy as an “organized crime.”

In a recent interview on Arise TV’s ‘The Morning Show,’ Obi made striking statement.

Obi’s remarks come amidst the backdrop of a looming strike threatened by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) over concerns related to fuel price hikes and subsidy removal.

Obi

During the interview, the former Anambra State governor discussed his alternative approach to resolving the crisis, emphasizing his commitment to addressing the concerns raised by the labor unions while also expressing optimism about Nigeria’s future.

“Fuel subsidy is organized 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 topic of fuel subsidy has sparked intense debate in Nigeria, as discussions revolve around its economic feasibility and its implications for the well-being of citizens. In response, the Presidency has introduced measures aimed at mitigating its impact.

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