Peter Obi, Labour Party’s presidential candidate, has reiterated his commitment to phasing out fuel subsidies entirely if elected during next month’s election.
He said removing fuel subsidies had been on his priority list, and he would end the menace, which he described as “organised crime”, immediately after he assumes office.
Obi spoke on Sunday at the People’s Town Hall 2023, organised by Channels Television, adding that he would cut off fuel subsidy beneficiaries and permanently rest the issue.
“I can assure you, it (subsidy) will go immediately. I’ve said before that subsidy is an organised crime, and I will not allow it to stay a day longer.
“What they’re telling you is not what it is. Half of what is being mentioned is not a subsidy. First, we consume the quantity that is not supposed to be consumed here. We are the same population as Pakistan, and they consume below 50 per cent of what we consume.
“So, the first half, I will remove it and give those people drinking it water because that’s what they’re supposed to drink so that we can save the money.”