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Nigeria: Presidency, Obi Clash Over Fuel Subsidy, Forex Policies
- Peter Obi and President Bola Tinubu confronted each other yesterday regarding the government's handling of subsidy cuts on fuel and foreign currency management in Nigeria.
- The conflict arose because Obi agreed the subsidy removal was necessary but criticized its haphazard announcement, implementation, and questioned if savings funded critical sectors.
- President Tinubu announced the subsidy removal and forex floatation on May 29, 2023, leading petrol prices to surge from N190 to over N850 per litre and triggering inflation and economic challenges.
- The National Orientation Agency stated that the government raised $84 billion from removing fuel subsidies, which has funded 40 road projects, while Obi questioned how effectively the money has been allocated to vital development initiatives.
- The dispute highlights ongoing political tensions with the presidency accusing Obi of lacking governance knowledge amid concerns over economic management and social welfare impacts.
19 Articles
19 Articles
Nigeria: Presidency, Obi Clash Over Fuel Subsidy, Forex Policies
The Presidency and presidential candidate of the Labour Party, LP, in the 2023 elections, Peter Obi, clashed yesterday over the fuel subsidy removal and foreign exchange policies of President Bola Tinubu's administration.
Obi: What I would’ve done differently - Daily Trust
Peter Obi, the 2023 Labour Party presidential candidate, has criticised several policies of the Tinubu-led administration, noting that while some of the reforms are necessary, their implementation has been poorly executed. Speaking during an interview on Arise TV’s Morning Show, Obi reiterated that he, too, would have removed the fuel subsidy, but insisted he would have done so differently. “I have consistently maintained that I would have remov…
Where Are The Billions Saved From Subsidy Removal? - Peter Obi Queries Tinubu Government - News360 Info - Breaking News, Nigerian News and Multimedia, World News.
Recall that President Tinubu had, in May 2023, on the day of his inauguration, famously announced the immediate end to the fuel subsidy regime. Peter Obi, the 2023 Labour Party presidential candidate, has called out President Bola Tinubu. He asked Tinubu to show Nigerians the billions he saved from fuel subsidy. Speaking on Monday during an […] The post Where Are The Billions Saved From Subsidy Removal? – Peter Obi Queries Tinubu Government appe…
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