The presidential candidate of the Labour Party, Peter Obi, has described the fuel subsidy regime as an organised crime.
VANTAGE NEWS reports that the former Governor of Anambra State also said that fiscal recklessness, inability to tackle insecurity and corruption have been primarily responsible for Nigeria’s failing economy.
The presidential aspirant lamented over poor leadership in the country, saying that it has damaged the unity and cohesiveness of the country.
Obi said this while speaking at the Private Sector Economic Forum organised by the Lagos Chamber of Commerce and Industry on Monday.
He added that the government that would succeed the President Muhammadu Buhari regime in 2023 would be confronted by an array of daunting challenges, both domestic and external.
Obi said, “The government that will come in 2023 will be confronted by an array of daunting challenges, both domestic and external,” Obi said.
“The domestic ones have accumulated over the years, and because of leadership failure, have not been dealt with, and these have impacted heavily on our unity, social cohesion as well as the economic outcome. It has affected us negatively.
“Our country today is bad news. We now have the concentration of the highest number of people living in poverty, the highest number of out of school children, and the highest rate of unemployment.”
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