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Peter Obi Claims FG Has Removed Electricity Subsidy Despite Continued Borrowing

Peter Obi, the 2023 presidential candidate of the Labour Party, has claimed that the Federal Government is no longer paying electricity subsidies, Peak Newspaper reports Speaking during an interview on Arise Television, Obi said the government had removed both petrol and electricity subsidies but was still borrowing money. “We will ensure that everything we do […]

Peter Obi, the 2023 presidential candidate of the Labour Party, has claimed that the Federal Government is no longer paying electricity subsidies, Peak Newspaper reports

Speaking during an interview on Arise Television, Obi said the government had removed both petrol and electricity subsidies but was still borrowing money.

“We will ensure that everything we do is transparent,” Obi said.

“This government came in and removed subsidies because they said they could no longer continue borrowing to sustain them. They removed petroleum subsidy and electricity subsidy, saying the money saved would be used to develop the country, yet they are still borrowing more money,” he added.

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