- ‘Account For ₦14 Trillion Fuel Subsidy Savings’ – SERAP Tells Governors, Wike
-
The group demanded project details and urged EFCC, ICPC oversight.
-
It warned of legal action for non-disclosure and misuse of funds.
The Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory (FCT), Nyesom Wike, to urgently disclose how they spent an estimated ₦14 trillion in fuel subsidy savings shared through the Federation Account Allocation Committee (FAAC) since mid-2023.
EDITOR’S PICKS
- Trump Gives Hamas Ultimatum on Gaza Peace Plan
- Women’s Political Underrepresentation in Nigeria Will Soon End – Abbas
- Car Prize, Applause as District IV Celebrates Teachers, Students at 2025 Merit Awards
EKO HOT BLOG reports that in separate Freedom of Information (FoI) requests dated October 4, 2025, and signed by its Deputy Director, Kolawole Oluwadare, SERAP asked the governors and the FCT minister to provide detailed breakdowns of projects executed with the subsidy funds, including their costs, locations, and completion status.
The group also demanded that the officials publish their spending plans for future subsidy savings expected from FAAC allocations, adding that the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) should be invited to monitor how the funds are used.
According to SERAP, the savings from fuel subsidy removal should directly benefit poor and vulnerable Nigerians, yet there has been little to show for the trillions collected. The organisation expressed concern over “widespread poverty, unpaid salaries, and lack of basic services” despite increased state allocations.
SERAP accused some states of using the funds for unnecessary luxury, such as buying exotic cars and financing lavish lifestyles of politicians, instead of developmental projects.
The group reminded governors that the Supreme Court had ruled the Freedom of Information Act applicable nationwide, meaning states can no longer withhold spending details. It warned that failure to comply within seven days could result in legal action to compel transparency.
FURTHER READING
- Anambra Launches 25 Free Public WiFi Sites Under Soludo’s Digital Agenda
- Wike Flags Off Light Up Abuja Project, Assures Improved Security
- Lagos Govt Pledges to Build Climate Change Ecosystem through E1 Lagos GP Series
