- Peter Obi, the Labour Party presidential candidate, has criticised President Tinubu's sudden announcement of fuel subsidy removal, stating that it lacks measures to alleviate the resulting hardships
- Obi emphasised the importance of removing the subsidy with conditions supported by empirical statistical data to demonstrate the savings and benefits for the people
- Tinubu had recently declared his intention to remove fuel subsidy, highlighting that it was not included in the 2023 budget by the previous administration
Obi argued that removing the subsidy without implementing measures to alleviate the resulting hardships was a misguided approach, Nigerian Tribune reported.
Legit.ng gathers that the former governor of Anambra state made the statement during a media chat on the sidelines of the Presidential Election Petition Court (PEPC) in Abuja.
Subsidy removal: Peter Obi reveals what he would have done
Obi suggested that if he were involved in the decision-making process, he would have advocated for the removal of fuel subsidy with certain conditions and supported it with empirical statistical data.
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He emphasised the need to demonstrate how much would be saved from subsidy removal, where those savings would be allocated, and the overall benefits for the people.
Making reference to his own campaign promises, Obi stressed his commitment to govern the people of Nigeria with transparency and by presenting empirically verifiable facts on how the country can improve when those facts are followed.
“There is a difference between removing your tooth by applying artificial which will ameliorate your pain than just putting it out.
“I believe it (fuel subsidy) should be removed with conditions and that (conditions) must be applied. If I was involved, I would have shown empirical statistical data, how much we are going to save from it (subsidy), where we are going to apply it, the gains for the people,” he stated.
Tinubu's subsidy removal declaration
He emphasised that his government would not allocate funds to subsidize the product, citing its exclusion from the 2023 budget by the previous administration.
NLC, TUC suspend planned strike over petrol subsidy removal
Meanwhile, the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have announced the suspension of the scheduled nationwide industrial action against the federal government's removal of the petrol subsidy.
The organised Labour disclosed their resolution following a closed-door meeting with the federal government representatives on Monday night, June 5.
According to the Labour leaders, the suspension of the planned strike was to allow negotiation to resume on June 9.