The Allied People’s Movement (APM) has called on the President Bola Tinubu administration to provide a detailed account of the funds generated from the removal of fuel subsidy, which it claims have exceeded ₦20 trillion since 2023.
In a statement issued on Thursday by its National Publicity Secretary, Abubakar Yusuf, the opposition party said the demand was necessary due to what it described as worsening economic conditions, rising living costs, deteriorating public infrastructure and increasing hardship across the country.
The party argued that Nigerians have continued to struggle since President Tinubu announced the removal of fuel subsidy on May 29, 2023, a policy that led to a sharp increase in petrol prices and triggered higher costs in transportation, food, education, healthcare, housing and other essential services.
According to the APM, despite the huge revenue reportedly saved from subsidy removal, there has been no clear public record showing how the money has been spent or the impact it has made on citizens’ lives.
The party accused the government of making vague claims about investing the funds in critical sectors while failing to provide specific details on projects, expenditures and beneficiaries.
“Under the APC administration, hunger has become a national emergency. Millions of families are struggling to afford daily meals, businesses are shutting down due to rising costs, and workers’ purchasing power has continued to decline,” the party stated.
The APM also expressed concern over Nigeria’s infrastructure challenges, claiming that the country still faces a significant infrastructure gap despite the resources generated from subsidy reforms.
The party urged the Tinubu administration to release a comprehensive report outlining the total subsidy savings, how the funds have been allocated, the projects financed and the measurable results achieved.
It maintained that the success of any economic policy should be judged by its impact on the lives of citizens rather than government announcements.