The presidential candidate of the Labour Party, Peter Obi, has said the recent palliatives introduced by the Federal Government is as a result of “limited thinking,” noting that they are temporary solutions.
He made this known while speaking in an interview on Arise TV’s The Morning Show on Monday.
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Peter Obi said, “If you look at what this country has been doing since inception, you could see announcements with limited thinking. Which again produces limited outcome.”
When asked if he would be willing to work with the current government, he said, “We are at the point where we are challenging the process and that has to come to a logical end before any other thing. Even being in the opposition is part of building the government.”
Obi also reiterated that fuel subsidy is an organised crime. “My approach would be to remove the corruption and criminal side of it.”
On the volatility of the naira, Obi advised, “What you should have done is devalue the currency while trying to manage the supply by making sure you deal with issues that control the exchange rate. Which is the reserve. And what controls your reserve is your export. Especially, oil and other minerals. Encourage (export of) those things and then deal with issues of foreign exchange while trying to manage what you have.”
