I’ll remove fuel subsidy, cut off beneficiaries – Obi

The Labour Party presidential candidate, Peter Obi, has reiterated his commitment to phasing out fuel subsidy completely if elected during next month’s election.

He said removing fuel subsidy had been on his priority list, and he would end the menace, which he described as “organised crime”, immediately after he assumes office.

Obi, who gave the assurance on Sunday at the People’s Town Hall 2023 organised by Channels Television, said he would cut off fuel subsidy beneficiaries and put to rest the issue permanently.

“I can assure you, it (subsidy) will go immediately. Subsidy, I’ve said it before, is an organised crime and I will not allow it to stay a day longer.

“What they’re telling you is not what it is. Half of what is being mentioned is not subsidy. First is that we consume the quantity that is not supposed to be consumed here. We are the same population with Pakistan. They consume below 50 per cent of what we consume.

“So, the first half, I will remove it and give those people who are drinking it water, because that’s what they’re supposed to drink, so we can save the money.”