Politics

Subsidy removal not wrong, Tinubu’s approach was — Peter Obi

Published by

Former presidential candidate of the Labour Party (LP), Peter Obi, has said there is nothing wrong with the removal of fuel subsidy, but President Bola Tinubu’s approach to implementing it was flawed.

Speaking in an interview with Arise Television on Monday, Obi maintained that while he supports subsidy removal in principle, it should have been done in a planned and structured manner to avoid the economic hardship currently affecting Nigerians.

Obi said, “I’ve consistently maintained that I would have removed the fuel subsidy. If you go to my manifesto, it’s there, steps I would have taken to do it in an organised manner.”

ALSO READ: Tinubu’s govt presence visible across South-East — Umahi

He acknowledged that the subsidy regime was riddled with corruption and needed to be ended, but stressed that Tinubu’s abrupt removal lacked proper implementation strategies.

“There is nothing wrong in the removal of subsidy; what is wrong is the haphazard way in which it was announced and implemented,” he said.

“Everybody knows that the subsidy regime was that of criminality.

“As outlined in my manifesto, I would have implemented subsidy removal in a structured and organised manner.”

Obi further criticised the Tinubu administration for not channeling the savings from subsidy removal into vital sectors that would benefit the masses.

“However, the savings from subsidy removal from the Tinubu administration are not being reflected in critical areas of human development, such as education, health, and poverty alleviation,” he added.

Recall that President Tinubu had announced the end of the fuel subsidy regime during his inauguration in May 2023, drawing both support and widespread criticism over the timing and impact of the decision.

NIGERIAN TRIBUNE

Recent Posts

2027 election credibility at stake as Nigeria drifts toward one-party system — Rafisanjani

Serious questions are glaring in Nigerians' eyes. Would the 2027 template be different from 2023?…

46 seconds ago

‘Flight disruption’: Oshiomhole recounts experience with Air Peace at Lagos airport

The senator warned that continued injustice and exploitation could lead to...

16 minutes ago

Empty container crisis: NPA mediates between APM Terminals, Shipping Lines

Following the public outcry over the delay in evacuation of empty containers leading to yard…

26 minutes ago

‘It’s so upsetting’, World’s tallest woman says after paying for six aircraft seats to fly lying down

Too tall to fit into standard aircraft seats, Rumeysa requires a stretcher for flights —…

34 minutes ago

SAfER: Oyo govt distributes 10kg rice each to 30,000 vulnerable people

The event had in attendance government functionaries and selected beneficiaries across the 33 local governments…

1 hour ago

Bauchi: Police bolster security ahead Democracy Day

Bauchi Police Command, under the leadership of Commissioner of Police CP Sani-Omolori Aliyu, has stated…

1 hour ago

Welcome

Install

This website uses cookies.