I Would’ve Also Removed Petrol Subsidy, But Not Harphazadly Like Tinubu – Peter Obi
Presidential candidate of the Labour Party (LP) in 2023, Peter Obi says he would have removed petrol subsidy and floated the naira if he was elected President.
Obi, who spoke in an interview with Arise Television on Monday however said he would have implemented the policies in a “gradual and organised” manner unlike the way President Bola Tinubu did.
The former air jordan 4 military blue 2024 Anambra governor said everybody knows that the “criminality and corruption” associated with the petrol subsidy regime had to end.
Obi questioned the whereabouts of the funds saved from petrol subsidy since its removal, adding that the funds should have been investment in “critical infrastructure”.
He said critical areas of development have not witnessed any significant improvement since the removal of the subsidy.
Obi added that he would have negotiated with operators on a fair pricing template for the product.
“I have consistently maintained that I would have removed the fuel subsidy. If you go to my manifesto, it is there and the steps I would have taken in an organised manner,” Obi said.
“There is nothing wrong with the removal of fuel subsidy. What is wrong is the haphazard way in which it was announced and implemented.
“Since we were told that we removed it because we don’t want to borrow and that the funds will allow for investments in critical infrastructure. Billions saved. Where is it? Where is it invested in critical areas of development?
“Everybody knows critical areas of development — education, health, and pulling people out of poverty nike lunar gato 2 hyper blue volt , Украина #179264456 , Снижка! футбольные бутсы nike air zoom mercurial 43 + подарок — цена 2100 грн в каталоге Бутсы ✓ Купить мужские вещи по доступной цене на Шафе. Have any of these three improved? No.
“There is nothing wrong in floating and devaluing your Mag whites маг уайтс магній 500 мг 60 табл єгипет — цена 545 грн в каталоге Биологически активные вещества ✓ Купить товары для красоты и здоровья по доступной цене на Шафе , Украина #153368005 currency. You do this when you have productivity.
“In all of this, I would have done the same thing in an organised manner.”
He added that he would have ramped up the country’s production capacity in the agriculture and manufacturing sectors barron trump height tall nikes melania donald trump before floating the currency.
OSUN DEFENDER recalls that President Bola Tinubu , during his swearing-in ceremony on May 29, 2023, announced the end of the petrol subsidy scheme.
Shortly after the announcement, the pump price of petrol moved from N190 to N500. There has been an upward trend in the price of the product that now sells at over N850.
The Tinubu-led administration also floated the nation’s currency.
Currency float is an exchange rate system where the value of the local currency is determined by market forces.
Hafsoh Isiaq is a graduate of Linguistics. An avid writer committed to creative, high-quality research and news reportage. She has considerable experience in writing and reporting across a variety of platforms including print and online.
