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Home A MENU Editor`s Pick

Peter Obi tells trade organization that fuel subsidy is organised crime in Nigeria

Peter Obi tells trade organization that fuel subsidy is organised crime in Nigeria

Clariform Media by Clariform Media
3 years ago
in Editor`s Pick, Explainer, Top Story
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The presidential candidate of the Labour Party, Peter Obi, says the government is behind oil theft in the country. Peter Obi spoke in Lagos as a guest at the Lagos Chambers of commerce and industry (LCCI).

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BASIC FACTS

  • Peter Obi presidential candidate of the Labour Party has said that subsidy is an organized crime in Nigeria.
  • The Labour Party flagbearer also said that the government is behind oil theft in the country.
  • Mr Obi spoke during his appearance at the Lagos Chambers of commerce and industry (LCCI) as a guest on Monday.

WHAT WE KNOW

Labour Party Presidential candidate Peter Obi, was the guest at the Lagos Chambers of Commerce and Industry (LCCI) at Lekki on Monday.

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Peter Obi, who is the guest speaker at the Private Sector Economic Forum of Lagos Chamber of Commerce and Industry (LCCI), asserted that no one can steal oil except the government.

Peter Obi also noted that subsidy is an organized crime. Mr Obi equally talked of the need for an aggressive production of local refining of oil and the need to deliberately involve the private sector in oil refining.

The presidential candidate who made the remarks while answering questions from panelists at the event also reacted to a question on the issue of cost of governance.

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Taking a swipe at the Federal Government, Peter Obi also condemned the wastage in government.

The high flying Labour Party Presidential candidate Peter Obi, insisted that there was a need for an overhaul of the security architecture in the country, proposing multi-level policing from the federal to the community security system.

NOTABLE QUOTES

Speaking at the LCCI on Monday, Peter Obi said, “Subsidy is organised crime,”

“We need an aggressive production of local refining.”

“Make resources available to ensure a private-sector led oil refining,”

“I have allergies to waste,”

CATCH UP

The Lagos Chambers of commerce and industry (LCCI), has in the last 16 years organised this event for politicians seeking elective position to speak on their economic agenda.

The LCCI said it was interested in the economic agenda of each of the candidates aspiring to take over the leadership mantle at the end of President Muhammadu Buhari’s administration.

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Recall that earlier this September, the PDP presidential candidate Atiku Abubakar was also a guest at the LCCI.

TAKEAWAY

As the day for official start of 2023 campaign draws near, security or insecurity, Oil theft, debt burden, fuel subsidy regime, foreign exchange, inflation, power generation and distribution, education, health, self determination agitation are the most likely issues that will be on the front burner.

Nigerians and institutions as the LCCI would want to know how prepared each of the party and their aspirant are prepared to deal with these issues and more.

Also to dominate the campaigns would the antecedent of the parties and politicians in their previous engagement in public life or even in their private life.

The health status is already making headlines. This is not misplaced, as health and age will go a long way to determine a person’s mental and physical strength, all of which affect governance.

For enquiries about this report, or to write for Clariform please send email to [email protected], or click here.

Tags: 2023 ElectionLCCIPeter Obi
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