The presidential candidate of the Labour Party (LP), Peter Obi has described the fuel subsidy regime in Nigeria as an organized crime.
He also called on the federal government to find a solution to the challenge by encouraging private sector refining.
Naija News reports Obi made the submission on Monday while speaking as the guest speaker at the Private Sector Economic Forum of Lagos Chamber of Commerce and Industry (LCCI).
Taking more swipes at the government, Obi submitted that the government is behind the oil theft challenges plaguing the country as no one can steal fuel without the government’s active participation.
“Subsidy is organised crime,” he said.
On the way out, the former Anambra State Governor added that “We need an aggressive production of local refining.”
“Make resources available to ensure a private-sector led oil refining,” he advised the Federal Government.
Speaking further while fielding questions, Obi stated that the cost of governance in Nigeria must be drastically reduced and wastage must be blocked.
“I have allergies to waste,” he stated.
On combating insecurity, Obi recommended a total overhaul of the nation’s security architecture and the setting up of a community security system to collaborate with the existing federal structure.
PDP Chieftain Vows To Support Obi
A former member of the House of Representatives and member of the Peoples Democratic Party, PDP, Ogbeide Ifaluyi-Isibor has declared his support for the Labour Party (LP) presidential candidate, Peter Obi.
Ifaluyi-Isibor announced that he had switched his loyalty from the PDP presidential candidate, Atiku Abubakar to Obi on Monday while fielding questions on Channels TV’s Sunrise Daily program.
Ifaluyi-Isibor, also the Director of Mobilisation, Nigeria Diaspora Youth Coalition for Peter Obi stated that he was not blinded by party loyalty and he does not need to belong to the LP before deciding to support its presidential candidate.
The PDP stalwart explained that he chose to support the LP flag bearer because of his track record.