According to the Labour Party’s presidential candidate, organized labor and the party have never opposed the elimination of subsidies.
Obi claimed during a Wednesday appearance on Arise TV’s Morning Show that the government’s inability to provide evidence for the subsidy regime is the reason the labor union has been skeptical of it.
He voiced worry that the money being spent on subsidies by the Nigerian government may have been used more effectively.
“You have to convince people. People are against removal of subsidy because whenever it is done, they did not see its benefit. We did privatization, we didn’t see the benefit. What we did is we privaitize profits, we socialize nothing,” he said.
Obi stressed that his government would pay more attention to production and exporting to grow the economy and revenue, adding, “I plan to bring back a new Nigeria that everybody will be proud of.”
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He added that Nigeria is not exporting enough for foreign exchange to service the country’s debt.
The Labour Party candidate also noted that what power can do to the economy is immeasurable.
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