Connect with us


Peter Obi: Subsidy Is a Criminal Setup



In a recent Twitter space hosted by Parallel Facts Media Organization, former Nigerian politician Peter Obi shared his strong conviction that the fuel subsidy system in Nigeria was a criminal setup. Joined by several other Nigerians, he elaborated on his concerns and presented reasons for his stance. Notably, he referred to a recent statement by former Governor of Bauchi State, Isa Yuguda, who also condemned the subsidy system, shedding light on the scale of corruption and financial exploitation associated with it.

Interestingly, the current administration had already removed the subsidy, resulting in widespread hardship and economic challenges for the masses. When questioned about what he would have done differently to alleviate the pain experienced by the people, Obi responded with a plan that would have employed a different approach to mitigate the adverse effects on the population.

Peter Obi: Subsidy Is a Criminal Setup
Peter Obi: Subsidy Is a Criminal Setup

Peter Obi’s Views on the Criminal Nature of Subsidy

During the Twitter space discussion, Peter Obi firmly stated that the fuel subsidy in Nigeria was a crime that needed to be addressed. He commended Governor Isa Yuguda for openly discussing a friend’s confession about being “tired of making money” from the subsidy. The gravity of this statement resonated deeply with Obi, further solidifying his conviction that the system needed to be dismantled.

Comparative Analysis: Nigeria vs. Pakistan

To illustrate the magnitude of the problem, Peter Obi compared Nigeria’s fuel consumption to that of Pakistan, a country with a similar population. He pointed out that despite having more extensive road networks, Nigeria consumes twice as much fuel as Pakistan. This comparison raised concerns about the accuracy and legitimacy of the subsidy claims, indicating that a considerable portion of the funds allocated for subsidy might be misused or embezzled.

Proposed Solutions

Peter Obi offered a pragmatic approach to resolving the issue of fuel subsidy in Nigeria. He mentioned some of the approaches he would have employed:

  1. Reduce Subsidy by 50%: If he were in a position of power, Obi would implement an immediate 50% reduction in the existing fuel subsidy. This move would create room to assess the actual impact of the subsidy and identify the potential for misuse.
  2. Eliminate the Criminal Component: After the initial reduction, Obi advocated for a thorough investigation into the criminal activities surrounding the subsidy. He emphasized that all parties involved in fraudulent practices should be held accountable for their actions.
  3. He also expressed his desire to collaborate with repentant beneficiaries of the subsidy scam, like Governor Yuguda’s friend, to address the issue effectively. He emphasized the need to rectify the criminal aspects of the subsidy, which have caused enormous financial losses for Nigeria.

Utilizing Saved Funds for Development

A critical aspect of Peter Obi’s proposition is the allocation of saved funds to crucial developmental projects. By eliminating wasteful subsidies and curbing corruption, Obi believed that Nigeria could redirect substantial financial resources toward projects that benefit the masses. These funds could be channeled into improving infrastructure, education, healthcare, and other key areas of development.

Ex-Governor Isa Yuguda’s Confession

Obi’s views align with those of former Governor Isa Yuguda, who openly criticized the subsidy system during an interview on Channels Television’s Sunrise Daily. Yuguda echoed Obi’s sentiments, labeling the subsidy as a scam that benefited only a few individuals while plunging the nation into financial hardship.

Yuguda recounted an incident when a friend in the oil industry urged the president at the time to stop the subsidy, citing that they were “tired of making money” from it. This revelation further exposed the extent of corruption within the subsidy system.


The Twitter space hosted by Parallel Facts Media Organization provided a platform for Peter Obi to voice his concerns about the criminal nature of the fuel subsidy system in Nigeria. While the current administration had already removed the fuel subsidy, the aftermath resulted in widespread hardship and economic challenges for Nigerians. In the Twitter space discussion, Peter Obi offered an alternative approach to address the issue.

By implementing reductions and investigating fraudulent practices, Nigeria could potentially redirect substantial funds toward critical areas of development, ultimately benefiting the nation and its people. Although some level of hardship would have been unavoidable as stated by Peter Obi, his proposed plan aimed to reduce the burden on the people and ensure a more efficient and equitable transition away from the subsidy system.

Follow us on Twitter @ReporteraNews for more updates.

Oladiti Oluwajuwon is an experienced writer with 5+ years' expertise in captivating blog posts, articles (spiritual, educational, academic), and insightful news pieces. With a keen eye for detail, he specializes in diverse content, including political news and academic info such as degrees, schools, and admission requirements.

Continue Reading


African Union Takes Action: Republic of Niger Suspended Amidst Political Unrest



In a decisive move that reverberated across the continent, the African Union (AU) announced the suspension of the Republic of Niger from its membership ranks.

This momentous decision was unveiled during the African Union’s Peace and Security Council meeting held in Addis Ababa, Ethiopia on Tuesday, August 22.

African Union:Picture Source- Pinterest

The suspension stems from the recent political turmoil that engulfed the nation, with the African Union pointing to the coup orchestrated by Gen Abdourahamane Tchiani on Wednesday, July 26. As part of a series of sanctions imposed on the francophone West African country, the Republic of Niger faced the repercussions of its internal upheaval.

The African Union’s stance was uncompromising, as it made it clear that Western nations seeking to meddle in African affairs should refrain from interfering. This firm message was directed from the heart of Addis Ababa, Ethiopia, where the AU’s call for autonomy echoed loudly.

The events leading up to Niger’s suspension unfolded against a backdrop of political uncertainty and unrest. The coup in Niger, orchestrated by Gen Abdourahamane Tchiani, prompted the Afican Union to take action. Their decision to suspend Niger was not taken lightly and was ratified during the Peace and Security Council meeting in Addis Ababa, Ethiopia on August 22.

The aftermath of the military takeover in left President Mohamed Bazoum in captivity, held under the close watch of the juntas in Niger. Despite international pressure, the release of the president and his family remains elusive. This tense situation compelled the Economic Community of West African States (ECOWAS) to intervene, imposing sanctions on Niger and establishing a deadline for the initiation of military intervention by the sub-regional body’s standby forces.

The suspension of the Republic of Niger from the African Union serves as a stark reminder of the continent’s commitment to upholding stability and safeguarding democratic governance. The swift response underscores the African Union’s dedication to maintaining order and security within its member states, sending a resounding message to the global community about the importance of respecting Africa’s sovereignty.

Continue Reading


Peter Obi: “I Campaigned For Presidency Because I Can Say It Any Day, I Will Solve The Problem Of Nigeria”



In a recent tweet that has caught the attention of many, @MissPearls shares an inspiring declaration made by former Anambra state governor and Labour Party presidential candidate, Peter Obi. According to @MissPearls, Peter Obi proclaimed, “I campaigned for Presidency because I can say it any day, I Will SOLVE THE PROBLEM OF NIGERIA. All these confusion everywhere can BE SOLVED, and I am PREPARED for it”

Peter Obi: I Campaigned For Presidency Because I Can Say It Any Day, I Will Solve The Problem Of Nigeria.

Peter Obi’s bid for the presidency in the recent elections stirred considerable excitement and garnered support from diverse quarters, particularly the youth demographic. The former governor is known for his progressive ideas and pragmatic approach to governance, which resonated with many Nigerians who sought change and effective solutions to the country’s myriad challenges.

Despite his extensive support and well-articulated vision, Peter Obi’s presidential ambitions faced formidable opponents in the election. The Independent National Electoral Commission (INEC) released results that placed him behind the All Progressives Congress (APC) candidate, Bola Ahmed Tinubu, who emerged as the winner, and Atiku Abubakar of the Peoples Democratic Party (PDP), who came second. However, these results were met with skepticism due to apparent electoral irregularities that marred the integrity of the process.

In response to the controversial election outcome, both Peter Obi and Atiku Abubakar filed legal challenges against the INEC’s declaration. This move underscores their commitment to upholding the democratic process and ensuring that the voice of the electorate is accurately reflected. As the election Tribunal Judges prepare to deliver their verdict, Nigeria watches with bated breath, eager to witness justice being served.

Meanwhile, the administration of Mr. Bola Ahmed Tinubu has taken significant policy actions since assuming office. The removal of fuel subsidies and the decision to float the Naira have triggered mixed reactions across the nation. While these measures may be intended to foster economic stability and growth, the immediate consequences have been felt by everyday Nigerians. The cost of living has surged, and the socio-economic effects on the rich and the poor have become more pronounced.

As the Nigerian population navigates these shifts, the aftermath of the election and the ensuing governance strategies offer a critical juncture for evaluating the nation’s trajectory. The voices of discontent, expressed by citizens facing the brunt of these policies, highlight the necessity for leaders to prioritize the well-being of the populace while pursuing economic advancements. It is essential for the government to strike a balance between fiscal prudence and safeguarding the interests of the vulnerable segments of society.

The policy changes implemented by Bola Tinubu have shed light on the delicate balance between progress and the welfare of the people. As the nation waits for the tribunal’s judgment and the dust settles on the recent election, Nigeria stands at a crossroads, with the potential to reshape its future trajectory and address the systemic challenges that have held it back for far too long.

Fore more updates, follow us on Twitter @ReporteraNews.

Continue Reading


Youths in Kano Defy Police Ban to Protest Alleged Tribunal Bribery



Hundreds of determined youths in Kano took to the streets, defying a police ban, to protest what they perceive as attempts to manipulate the state election petition tribunal. This incident unfolded against the backdrop of a ban on protests by the Commissioner of Police, Usuani Gumel, following revelations of alleged plots to obstruct justice through financial inducement in legal proceedings.

Youths in kano

The rally, which unfolded outside the state government house, saw impassioned youths brandishing placards with messages that underscored their commitment to justice and the integrity of the electoral process. Their actions were sparked by concerns over an alleged plan to bribe the state election petition tribunal, casting a shadow over the fairness of the process.

The ban on protests was issued in response to recent revelations made by Justice Flora Azinge, who unveiled purported schemes by lawyers to disrupt the course of justice through financial incentives. The Commissioner of Police cited “confirmatory intelligence products” as the basis for this decision, leaving a contentious atmosphere surrounding the freedom of assembly and the right to peaceful protest.

This ban, however, failed to deter the resolute youths who carried a variety of placards conveying their strong stance against corruption, manipulation, and injustice. The slogans they chanted resonated with their determination to safeguard the sanctity of the electoral process and uphold transparency in governance.

Among the messages displayed, one placard caught the eye with its direct callout: “Gandollar, stop spoiling the name of Tinubu.” This highlights the allegation that financial impropriety is tainting the reputation of key political figures.

In a video circulated online, the enthusiastic protesters chanted slogans that echoed their deep-seated concerns. Chants of “No to corruption,” “No to injustice,” and “No to manipulation” reverberated through the crowd, embodying the youth’s unwavering commitment to fair and accountable governance.

Addressing the gathering, Governor Abba Kabir Yusuf praised the peaceful conduct of the protesters and assured them that their concerns would be relayed to President Bola Tinubu. This gesture recognizes the role of the youth in shaping political discourse and underscores the importance of their voices in the pursuit of a just society.

In conclusion, the youths in Kano have seized the moment to voice their concerns and demands for an unbiased electoral process. Their defiance of the police ban serves as a reminder that public sentiment cannot be easily suppressed. As this incident unfolds, it raises important questions about the delicate balance between freedom of assembly, legitimate protest, and maintaining public order. It also underscores the critical role of the youth in shaping the political landscape and demanding accountability from their leaders.

For the latest news updates, follow us on Twitter @ReporterNews. Stay informed and engaged with evolving stories from all around the world.

Continue Reading