The Allied People’s Movement (APM) has demanded that the All Progressives Congress (APC) administration provide an immediate, comprehensive, and independently verifiable public account of the trillions of naira realized from the removal of the fuel subsidy since May 2023.
The opposition party made the call on Thursday, July 9, 2026, in a strongly worded statement issued by its National Publicity Secretary, Hon. Abubakar Yusuf. The party argued that the detailed disclosure is critical given the worsening economic hardship, rising poverty, and soaring inflation currently plaguing the country.
According to the APM, while the administration of President Bola Ahmed Tinubu initially justified the historic policy shift during his inauguration on May 29, 2023, as a necessary measure to free up resources for infrastructure and social welfare, everyday Nigerians have yet to see any tangible benefits. Instead, the party noted that the policy has driven petrol prices from under ₦200 per litre to over ₦1,500 per litre, sparking an unprecedented surge in food, transportation, and medical costs.
“Despite the heavy premiums citizens pay daily, the APC administration is not forthcoming with a transparent account of the trillions accrued to it from the removal of subsidy,” Yusuf stated. “No comprehensive public record has been presented to demonstrate how much has been realised, how much has been spent, and whether those expenditures have translated into measurable improvements in the lives of citizens.”
The APM stressed that official government claims regarding investments in key sectors are no longer sufficient. The party insisted that the Federal Government must immediately publish a breakdown detailing the exact total of subsidy savings accumulated over the last three years and the specific project allocations, including exact locations and completion reports with direct beneficiaries of any federal intervention programs.
The party concluded by noting that with Nigeria facing a massive infrastructure deficit, the success of major economic reforms must be measured by verifiable relief in the daily lives of citizens many of whom are currently struggling to afford basic necessities rather than statistical pronouncements.
