Nigeria Democratic Congress (NDC) presidential candidate Peter Obi says that if he were president, he would remove the subsidy on petroleum products in an organized way rather than immediately on inauguration day. Obi was responding to claims that he criticized President Bola Tinubu over the manner in which the fuel subsidy was removed in 2023. He said he did not criticize Tinubu for removing the subsidy itself, but argued that he would have handled the process differently. According to Obi, he would first meet with stakeholders and operators in the petroleum industry before announcing any subsidy changes, citing concerns about criminality around subsidy arrangements. He also said that removing the subsidy would help determine the exact amount being spent, and that the process should address issues linked to exchange rate deregulation. Obi further argued that the period after subsidy removal has worsened conditions for ordinary Nigerians and that the government has borrowed more money since the subsidy was removed. The statements are reported as coming from an interview with Rufai Oseni.
Peter Obi says he would remove fuel subsidy in organized manner, not at inauguration
Nigeria Democratic Congress (NDC) presidential candidate Peter Obi says that if he were president, he would remove the subsidy on petroleum products in an organized way rather than immediately on inau...
- Peter Obi says he did not criticize President Bola Tinubu for removing the fuel subsidy.
- Obi says he would remove the fuel subsidy in an organized manner, not on his inauguration day.
- He says he would first meet with petroleum industry stakeholders and operators before announcing subsidy removal.
- Obi links subsidy removal to fighting corruption and addressing issues including exchange rate deregulation.
- He claims the subsidy removal has negatively affected average Nigerians and that government borrowing increased after removal.
The Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi, has disclosed how he would have removed the subsidy on petroleum products if he were the president. Obi disclosed that he would have removed the subsidy on fuel in an organized manner and not on the day of his presidential inauguration. In 2023, President Bola Tinubu had removed the subsidy on fuel during his inauguration as Nigeria’s president. However, Obi said he would have met with stakeholders in the Petroleum sector first before announcing the subsidy removal. Obi spoke in an interview with Rufai Oseni while dismissing claims that he criticized Tinubu over the manner he removed the subsidy on fuel. He said: “I didn’t criticize Tinubu for removing the subsidy. I said I would have removed it, but in an organized manner. I wouldn’t have announced it at my inauguration. “I would have first sat down with operators in the industry because we know there is a lot of crim!nality around the subsidy. “I would remove it to determine the exact amount being spent on subsidy and also address the issue of exchange rate deregulation. But in doing these things, the most important thing is to fight corruption head-on. “Since the subsidy was removed, what has been the impact on the average Nigerian? We have even borrowed more money than we used to when subsidy was still in place.”
2 months agoThe Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi, has disclosed how he would have removed the subsidy on petroleum products if he was the president. Obi disclosed that he would have removed the subsidy on fuel in an organized manner and not on the day of his presidential inauguration. In 2023, President Bola Tinubu […] I would’ve removed fuel subsidy in organized manner, didn’t criticize Tinubu – Peter Obi
2 months ago
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