Fuel subsidy is organised crime – Obi

Peter Obi of the Labour Party has described fuel subsidy as organized crime.

Obi, the presidential candidate of the Labour Party in the 2023 election made the comment when asked what approach he would have taken in resolving the looming strike by the Nigeria Labour Congress and Trade Union Congress.

He made the comment when he appeared as a guest on Arise TV on Monday, October 2.

“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 former Anambra State governor added that he felt positive about Nigeria’s future.

NBA