Peter Obi
Labour Party (LP) Presidential candidate, Peter Obi has described fuel subsidy as “criminal component” that must be dealt with decisively if the country must overcome its current challenges.
He also stated that the main problem of Nigeria is corruption, which according to him, affects productivity.
Obi made the assertion during chat with Nigerians on Parallel Facts Space, which was monitored by TRIBUNE ONLINE on Saturday.
His words; “I will reduce 50% of what we already paid for subsidy and also remove the criminal component of it.
“After doing this, we will be able to see the actual figure. You must be transparent and open about it.
“Whatever we save from it (subsidy removal) will be used to fund education, health and infrastructure, among other sectors.”
Recall Tinubu in May, had declared he will remove fuel subsidy from July 1, 2023, emphasising that his government will not provide funds to subsidize the product since it was not included in the 2023 budget by the previous administration.
This decision, however, has brought hardship on Nigerians as price of fuel and food commodities have skyrocketed in recent times with no palliative to cushion the effect.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Tinubu’s ministerial list: Disqualify Stella Okotete now, lawyer writes Senate
Abuja-based human rights lawyer, Oladotun Hassan, has asked Nigerian Senate to disqualify one of the ministerial nominees, Stella Okotete, over…
Nigerians have berated Aliko Dangote for his plans to hire 11,000 Indians at his new refinery rather than provide those jobs to…
Tinubu’s ministerial nominees’ profiles: Politicians, technocrats, party loyalists
Before the end of the 60 days deadline after the inauguration of President Bola Tinubu’s administration, he submitted a 28-man ministerial nomination list to…
#BBNaijaAllStars: Housemates win season’s first wager presentation
The highly anticipated eighth season of Big Brother Naija Allstars kicked off on Sunday, July 23rd, and the housemates wasted no time in…
Increased federal allocations and public welfare
AMID the growing misery of the vast majority of Nigerians following the removal of subsidy on Premium Motor Spirit and…
[PHOTOS] Shirt removal: ‘My dad not happy with my choice of celebration’, Asisat Oshoala reveals
Super Falcons forward, Asisat Oshoala, has disclosed that her choice of celebration after netting Nigeria’s third goal against…
Obi rated Nigeria as the country that could become the beacon of hope for the…
“This is part of our commitment to promoting cultural understanding and unity through our programme…
The Executive Secretary of Universal Basic Education Commission (UBEC), Aisha Garba has unveiled a three-year…
This landmark designation places Codix Bio at the forefront of regional production for rapid diagnostic…
Monitoring reports yesterday indicated that an Air Peace aircraft ran into a large antelope, decimating…
According to them, breast cancer made up the largest share of the excess cancers, with…
This website uses cookies.