Peter Obi Shares Fresh Insight On Subsidy Removal

Labour Party (LP) Presidential candidate, Peter Obi has described fuel subsidy as “criminal component” that must be dealt with decisively if the country must overcome its current challenges.

He also stated that the main problem of Nigeria is corruption, which according to him, affects productivity.

Obi made the assertion during chat with Nigerians on Parallel Facts Space on Saturday.

His words; “I will reduce 50% of what we already paid for subsidy and also remove the criminal component of it.

“After doing this, we will be able to see the actual figure. You must be transparent and open about it.

“Whatever we save from it (subsidy removal) will be used to fund education, health and infrastructure, among other sectors.”

Recall Tinubu in May, had declared he will remove fuel subsidy from July 1, 2023, emphasising that his government will not provide funds to subsidize the product since it was not included in the 2023 budget by the previous administration.

This decision, however, has brought hardship on Nigerians as price of fuel and food commodities have skyrocketed in recent times with no palliative to cushion the effect.

Send Us A Press Statement Advertise With Us Contact Us

 And For More Nigerian News Visit GWG.NG