The Labour Party presidential candidate, Peter Obi, on Sunday promised to remove fuel subsidies if elected as the country’s president in the February 25 election.
The Federal Government plans to stop payment of subsidy on petrol in June this year.
The government had earmarked N3. 36 trillion in the 2023 budget for payment of fuel subsidies in the first six months this year.
Obi, who spoke at thenChannels Television town hall series on Sunday, described fuel subsidy as an organized crime.
He also expressed concern over the country’s rising debts and promised massive investments in critical sectors of the economy.
