Peter Obi, the Labour Party’s candidate for president, claims that the government is responsible for the nation’s oil theft.
The government is the only entity that has the ability to steal oil, according to Obi, a guest speaker at the Lagos Chamber of Commerce and Industry’s (LCCI) Private Sector Economic Forum.
“Subsidy is organised crime,” Obi speaking at the event on Monday in Lagos.
“We need an aggressive production of local refining. Make resources available to ensure a private-sector led oil refining,” he advised the Federal Government.
The presidential contender responded to a query about the expense of governance while responding to questions from panelists at the event.
“I have allergies to waste,” declared Obi who obviously took a swipe at the government again,” Obi said, emphasising that the country’s security architecture needed to be updated and suggested multi-level policing from the federal to the local security system.
Other economic problems included foreign exchange, debt load, subsidy regime, oil theft, and debt burden.