Fuel Subsidy: Peter Obi Reveals What He Would Have Done Differently

The presidential candidate of the Labour Party (LP)  in the 2023 election, Peter Obi, has revealed what he would do differently to remove fuel subsidy if he were to be in office.

Obi admitted that even though he is aware fuel subsidy is an organised crime, he would not have taken the path the President Bola Tinubu administration took to remove the subsidy, Naija News reports.

While fielding questions on Arise TV ‘The Morning Show’ concerning what he would do differently to avert the proposed nationwide strike by organised labour, he said he would have done away with the corrupt aspect of the subsidy regime.

Obi noted that “Fuel subsidy is organised 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.”

Recall that President Tinubu had on May 29 announced the removal of fuel subsidy, saying it was no longer sustainable.