Labour party presidential candidate in the 2023 general election, Peter Obi, has said that there is nothing wrong with the removal of fuel subsidy, but the haphazard manner in which it was implemented by the Tinubu administration.
Recall that President Tinubu, during his inauguration speech on May 209, 2023, announced that the fuel subsidy is gone. This led to the hike in petrol pump prices, cost of transportation, food and many others.
In his fresh interview with Arise TV, Obi said.
‘’I have consistently maintained that I would have removed the fuel subsidy.mIf you go to my manifesto, it is there. Steps I would have taken to remove it in an organized manner. There is nothing wrong in the removal of subsidy, What is wrong is the haphazard way in which it was announced and implemented. Everybody knows that the subsidy regime was a situation of criminality which we needed to unbundle that aspect out of it, do it in an organized manner
We were told we are doing it because we don’t want to continue to borrow to continue the subsidy and that removal of it is to be able to have available funds to be invested in critical areas of development. Billions saved, where is it? Where is it in the critical areas of development? ‘’
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