Chuks Okocha in Abuja
The Allied Peoples’ Movement (APM) has dismissed the President Bola Tinubu-led APC administration’s report on the spending of over N27 trillion realised from the removal of subsidy on petroleum products.
It described it as a litany of lies, inconsistencies and false claims ostensibly to hoodwink Nigerians and divert public attention from the massive looting of the funds under the APC administration.
In a statement by the National Publicity Secretary of the APM, Yusuf Abubakar, the party said, “For a start, the APM rejects the claim by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele that only N15.8 trillion was realised as subsidy removal saving.
“Perhaps he forgot that his predecessor in office, Wale Edun told Nigerians in November 2024 that the nation had saved an estimated $20 billion, (N26.9 trillion) from subsidy removal.
“The disparity in these figures further validates allegations of looting and raises serious questions on the overall integrity of the report including its spending claims.
“The Tinubu administration must come clean on the exact amount currently saved especially given that more savings have been garnered between November 2024 and 2026.
“On the issue of the spending of the fund, the APM and Nigerians are not fooled by APC’s illusory pattern of bandying and muddling up figures with wholesale claims without details, just to confuse the unsuspecting public.
“The vague claim that out of the now belied N15.8 trillion, the Federal Government received only N5.4 trillion, while N10.4 trillion was shared among states and local governments across the country remain unsubstantiated.
“Instead of resorting to blanket claim, we demand that the Federal Government should provide a detailed breakdown of the funds shared to each state and local government, the dates of disbursement and the specific purposes for which the money was deployed.
“The diversionary attempt to shift the question to states and local government does not help the Tinubu administration,” Yusuf stated.