Obi: Tinubu Removed Subsidy, Borrowed More Money, Yet No Gain Is Seen
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Nigerian presidential candidate Peter Obi has criticized the Federal Government's approach to managing the savings resulting from the removal of petrol subsidy, stating that Nigerians have been impoverished despite the significant resources released by the policy change. During an interview on Arise News, Obi revealed that the removal of the subsidy regime generated approximately N15.8 trillion, which he believes was not utilized effectively.
According to Obi, the problem lies not in the removal of the subsidy itself, but in the failure to deploy the resulting savings productively. He argued that the Federal Government should have redirected the funds towards productive sectors such as agriculture and small businesses, rather than leaving them idle. Obi also criticized the government's borrowing of additional funds, stating that Nigerians have not seen any tangible gains from the subsidy removal.
He defended his claim about the N16 trillion savings, asserting that it was derived from government disclosures.
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