Peter Obi, presidential candidate of the Labour Party in 2023, says he would have removed petrol subsidy and floated the naira if he was elected president.
June 9, 2025 11:56 amPeter Obi, presidential candidate of the Labour Party in 2023, says he would have removed petrol subsidy and floated the naira if he was elected president.
The former Anambra governor said everybody knows that the “criminality and corruption” associated with the petrol subsidy regime had to end. “Since we were told that we removed it because we don’t want to borrow and that the funds will allow for investments in critical infrastructure. Billions saved. Where is it? Where is it invested in critical areas of development?
“There is nothing wrong in floating and devaluing your currency. You do this when you have productivity.He added that he would have ramped up the country’s production capacity in the agriculture and manufacturing sectors before floating the currency.
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