Peter Obi Describes Tinubu’s Fuel Subsidy Palliative As A Result Of “Limited Thinking”

Peter Obi
The Labour Party (LP) presidential candidate, Peter Obi, has said that the President Bola Tinubu-led government’s decision to implement fuel subsidy Palliatives was as a result of “limited thinking.”
Obi said that there were various other temporary solutions that would have worked better than the adoption of the palliative, thus the government should not have decided that way.
The Labour Party flag bearer said this when he was featured on Arise TV’s The Morning Show on Monday.
According to him, “If you look at what this country has been doing since inception, you could see announcements with limited thinking. Which again produces limited outcome.”
Speaking further about the naira devaluation during the show, he noted that if he was in office he would have devalued the Nigerian currency, but would have tried to manage supply to deal with the forex crisis.
Obi  “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.”
Ada Peter
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