The 2023 presidential candidate for the Labour Party, Peter Obi, characterized fuel subsidy as an organized crime during his appearance on Arise TV’s ‘The Morning Show’ on Monday.
During the interview, he discussed the alternative approaches he would have employed to address the imminent strike by the Nigeria Labour Congress and the 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.
“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.”