The presidential candidate of the Labour Party in the 2023 election, Peter Obi, has described fuel subsidy as an organised crime.
Obi, on Monday, said this while speaking to newsmen on what approach he would have taken differently in resolving the looming strike by the Nigeria Labour Congress and Trade Union Congress.
“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.
The former Anambra State governor said his approach to revert the labour strike is to remove the corruption and criminal side of fuel subsidy and remove the excess demand.
He further stated that by doing that the removal of the subsidy is done by fifty percent.
“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.”
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