The Labour Party’s 2023 presidential election candidate, Peter Obi, has described fuel subsidy as organised crime.
Speaking on Arise TV’s ‘The Morning Show’ on Monday, he discussed the approach he would have adopted to address fuel subsidy removal and the imminent strike by the Nigeria Labour Congress and Trade Union Congress.
“Fuel subsidy is organised crime. I said it repeatedly that it should be removed. I mentioned it during the campaign. What we’re consuming is far above what we’re supposed to be consuming.
“For me, the approach would have been to remove the corruption and criminal side of it, remove the excess demand that is factual.
“By doing this, you would have reduced it by 50 per cent. The remaining 50 per cent is what would have been able to, after consultation with various stakeholders in order to find a way in an organised manner, remove and showing the proceed of the gains of the removal to be invested in critical development areas; education, health and pulling people out of poverty.”
The ex-governor of Anambra State added that “Policies like this are not what you announce half hazardous.”
