Peter Obi has made a strong statement about Nigeria’s corruption in the oil sector. Click the link below to read the full story on our website.
Former presidential candidate of the Labour Party, Peter Obi, has issued a strong warning against corruption and criminality in Nigeria’s fuel sector, declaring that he would not tolerate any form of economic crime if given the opportunity to lead the country as President.
Obi made the statement during an interview with Trust TV, where he spoke extensively about Nigeria’s fuel subsidy regime, which he described as an organized system of corruption draining the nation’s resources.
According to the former Anambra State governor, the figures often quoted for Nigeria’s daily fuel consumption do not reflect the reality on ground, raising serious questions about where the excess fuel and money are going.
He said the amount of fuel Nigeria is said to consume daily is unrealistic when compared with countries of similar population and economic structure.
Obi compared Nigeria with Pakistan, noting that both countries have similar population sizes and possibly a comparable number of vehicles, yet Nigeria’s reported fuel consumption is significantly higher than that of Pakistan.
He questioned the discrepancy, asking who is responsible for the difference in the reported fuel consumption figures.
According to him, such discrepancies suggest that there are serious irregularities within the fuel subsidy system and the petroleum distribution chain, which he insisted must be investigated and stopped.
Obi maintained that Nigeria cannot continue to lose billions of naira to what he described as an organized system designed to enrich a few individuals at the expense of the country and its citizens.
He stressed that if he becomes President, his administration would focus on transparency, accountability, and blocking all leakages in the system, especially in the oil and gas sector which remains Nigeria’s major source of revenue.
The former governor also emphasized that Nigeria’s economic problems are largely caused by corruption, waste, and poor management of resources, adding that the country has enough resources to work for everyone if properly managed.
His comments have since generated reactions across the political space, particularly as discussions about fuel subsidy, petroleum consumption, and government spending continue to dominate national discourse.
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