Peter Obi, the presidential candidate of the Labour Party (LP) has called on the Tinubu-led administration to be transparent and open about the removal of fuel subsidy and the funds generated from the removal.
The
former governor of Anambra State made this known on Saturday, July 29, during
the #PeterObiOnParallelFacts Twitter Space forum organised by The Parallel
Facts.
He also
stated criminal component of fuel subsidy must be dealt with decisively if the
country must overcome its current challenges.
Obi said
if he were the president, he would reduce 50% of the payment for subsidies,
adding that he would use the money saved to fund education, health and
infrastructure, among other sectors.
He said,
“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, on May 29, had declared the removal of fuel subsidy, 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 the price of fuel and
food commodities have skyrocketed in recent times with no palliative to cushion
the effect.
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