Peter Obi Says Fuel Subsidy Is Fraudulent, An Organized Crime

By Akinwale Kasali

Peter Gregory Obi, Labour Party, LP, Presidential Candidate, has said that Fuel Subsidy is an organized crime and fraudulent, prompting him to emphasize on its removal.

The former Anambra State Governor said that during his campaign for the February 25th Presidential Election, he had stressed that removal of fuel subsidy was necessary for the growth and development of the nation.

Obi made this disclosure on Monday while speaking on Arise TV ‘The Morning Show’ on what approach he would have taken differently in resolving the looming strike by the Nigeria Labour Congress, NLC and Trade Union Congress, TUC.

He said, “Fuel subsidy is organised crime. I said it repeatedly that it should be removed. For me, the approach would have been,  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.”

He, however, stressed that as the nation marked its 63rd Independence Anniversary, he fells positive about the future of the country.