Peter Obi, the Labour Party’s (LP) presidential candidate, has stated that if elected, he will not think twice about eliminating the oil subsidy.
Obi claimed that the Nigerian subsidy system is a scam when he appeared on Arise news on Wednesday.
Obi pointed out that subsidies do not help the economy of the nation.
He claimed that money used for subsidies would be diverted to other areas of the economy that would benefit people.
He stated money spent on Subsidy can be used to address the challenges facing the country in sectors like power, education.
Obi added that people will not oppose removal of subsidy if they see that it would benefit them in the long run.
According to Obi: “I will remove subsidy and look for something to replace it. The subsidy is a scam.
“It’s not going to be business as usual. You need to go back and read what one of my former aides wrote about how I used stinginess to cut the cost of governance.”
