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Peter Obi's Obidient Movement Proposes Fuel Subsidy Restoration

Politics
Peter Obi's Obidient Movement Proposes Fuel Subsidy Restoration

The Obidient Movement stated that if Peter Obi leads the government, he will restore fuel subsidy but under a transparent and verifiable framework, enabling Nigerians to pay half the independently determined reference price of petrol. The statement, signed by Onyeka Dike of the Media and Communications Directorate, criticized the Federal Government’s recent 30-day petrol discount, labeling it contradictory to the administration's previous stance on subsidy removal.

The movement raised concerns over discrepancies in petrol consumption figures, noting that President Bola Tinubu claimed in September 2024 that consumption had dropped to around 30 million litres daily, while Finance Minister Taiwo Oyedele reported approximately 50 million litres in October 2026. They demanded the publication of data and methodology used to determine these figures, arguing that unverifiable data could lead to public fund abuse.

The movement accused the APC administration of continuing subsidy payments under different names despite declaring the subsidy removal, and proposed a "Half Price Policy" for petrol pricing based on independent assessments.

Plus234Feed summary based on reporting from Nigerian Tribune. Read the original report below.

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