Fuel Subsidy Is An Organised Crime – Peter Obi

The presidential candidate of the Labour Party (LP), Peter Obi has lamented that fuel subsidy benefits the rich.

This is as he said petrol subsidy is an organised crime. Obi added that if elected as President, he will not allow any form of criminality to continue in the oil and gas sector.

He spoke during an interview with Trust TV.

His words: “The amount of fuel they say we consume cannot be consumed by this country, there is empirical evidence. We are about the same size as Pakistan, we are about 210, 220, Pakistan is about the same size, they have more growth.

“We probably have the same number of vehicles or they have even more but yet, their fuel consumption is a third of ours, so who is drinking the balance? That is where we will start. So we will make it more efficient.

“Subsidy benefits the rich and famous because they are the ones who have five, ten cars, people in my village, want education, they want health, so we will remove it and in removing it, you must say what you are providing and we will use some of those resources to make sure that we come up with local refineries, which are not rocket science, within a shortest possible time and show people what you are doing and you can do it, it can be done.”

On electricity, Peter Obi said it is not rocket science that he would address it squarely.

“Egypt is just exporting electricity now to Europe, Egypt is a third-world country. If Egypt can do it, Nigeria can do it. I want people to be proud of this country,” he said.