Obi
Peter Obi

2023: We must end oil subsidy – Peter Obi

NEWS DIGEST – The presidential candidate for the Labour Party, LP, Peter Obi, has said that if elected president of Nigeria, his administration will end oil dependency and fuel subsidy.

Mr Obi stated this at the Coalition for Peter Obi, CPO Summit, held at the International Conference Centre, Abuja.

He said: “I have consistently maintained that while there is a need for the sustenance of the hard approach to fighting insecurity, there is an urgent need to tackle poverty and social and economic malaise that exacerbate the crises.

“We cannot have a 33% unemployment rate, 18.5 million out-of-school children and 100 million poor people, in Nigeria and expect to go to sleep with our two eyes closed.

“The money Nigeria is sharing from oil earning is finished! We now spend more today to service debts than we earn from oil! Nigeria now spends more to pay for subsidy on imported refined products than she earns from crude sales!

“Going forward, we must look for ways to move Nigeria beyond oil. We must end the criminality that is called oil subsidy.

“But we must do the first things first. It is only auspicious that the reset button is urgently applied now, and that is why the OBIdient Movement is an idea whose time has come! We must find ways to change the political trajectory in Nigeria in 2023,” he said.

Mr Obi further explained that the summit was part of his struggles to save Nigeria and restore its democracy which is on the brink of collapse.

“Let me thank all those gathered here for becoming part of the struggle to rescue our country, and make her a Secure, United and Productive Nigeria. Today, our theme and focus are on youth, governance and a new Nigeria.

“I thank the Coalition for Peter Obi (CPO) and the entire OBIdient Family who have been toiling and sacrificing to ensure the success of our collective project.

“The Nigerian political space has unprecedentedly been lit up by your selfless works and sacrifices. My assurance to you all is that “you shall not labour in vain,” he added.The presidential candidate for the Labour Party, LP, Peter Obi, has said that if elected president of Nigeria, his administration will end oil dependency and fuel subsidy.

Mr Obi stated this at the Coalition for Peter Obi, CPO Summit, held at the International Conference Centre, Abuja.

He said: “I have consistently maintained that while there is a need for the sustenance of the hard approach to fighting insecurity, there is an urgent need to tackle poverty and social and economic malaise that exacerbate the crises.

“We cannot have a 33% unemployment rate, 18.5 million out-of-school children and 100 million poor people, in Nigeria and expect to go to sleep with our two eyes closed.

“The money Nigeria is sharing from oil earning is finished! We now spend more today to service debts than we earn from oil! Nigeria now spends more to pay for subsidy on imported refined products than she earns from crude sales!

“Going forward, we must look for ways to move Nigeria beyond oil. We must end the criminality that is called oil subsidy.

“But we must do the first things first. It is only auspicious that the reset button is urgently applied now, and that is why the OBIdient Movement is an idea whose time has come! We must find ways to change the political trajectory in Nigeria in 2023,” he said.

Mr Obi further explained that the summit was part of his struggles to save Nigeria and restore its democracy which is on the brink of collapse.

“Let me thank all those gathered here for becoming part of the struggle to rescue our country, and make her a Secure, United and Productive Nigeria. Today, our theme and focus are on youth, governance and a new Nigeria.

“I thank the Coalition for Peter Obi (CPO) and the entire OBIdient Family who have been toiling and sacrificing to ensure the success of our collective project.

“The Nigerian political space has unprecedentedly been lit up by your selfless works and sacrifices. My assurance to you all is that “you shall not labour in vain,” he added.

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