ADC Unleashes Fury: Demands Tinubu Govt Account for N15.8 Trillion Subsidy Revenue Scandal

The African Democratic Congress (ADC) has strongly called for accountability from the President Bola Tinubu-led Federal Government regarding an estimated N15.8 trillion in additional resources. These funds were reportedly generated following the removal of petrol subsidy and subsequent foreign exchange reforms. The party has raised critical questions about the tangible impact of these increased revenues on the living conditions of Nigerians, asserting that the economic gains claimed by the government have not translated into improved welfare for citizens.

In a statement released on Saturday by its National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC’s stance was made clear. This statement was a direct response to comments attributed to Senator Abdul’aziz Yari, Director-General of President Tinubu’s re-election campaign, who reportedly dismissed promises of economic relief as a “lie.” The ADC cited figures from the Minister of Finance, indicating that the petrol subsidy removal and foreign exchange reforms led to approximately N15.8 trillion in additional resources for the Federation between June 2023 and December 2025.

Breaking down the distribution, the party noted that roughly N5.4 trillion of this amount was allocated to the Federal Government, another N5.4 trillion to state governments, and N3.9 trillion to local governments. Furthermore, the ADC highlighted that states collectively received about N47.25 trillion in Federation Account Allocation Committee (FAAC) disbursements between 2023 and 2025. This shows a significant increase in allocations, rising from N10.09 trillion in 2023 to N15.26 trillion in 2024, and projected to reach N21.90 trillion in 2025. Monthly FAAC distributions have notably surpassed N2 trillion, a considerable jump from less than N1 trillion before the subsidy removal.

Despite these substantial increases in government revenue, the ADC lamented that the living conditions of Nigerians have not improved. The party pointed out that petrol prices escalated dramatically from approximately N185 per litre in May 2023 to over N1,300 in many areas by August 2025. Concurrently, food inflation surged past 40 percent at various points during this period, and transport costs experienced a sharp rise. The promised Compressed Natural Gas (CNG) mass-transit alternative by the Federal Government, according to the ADC, has not yet been implemented on a scale sufficient to benefit Nigerians.

The ADC has unequivocally demanded that the government provide a clear account of how these additional revenues have been spent. They posed a direct challenge, asking, “Before asking Nigerians for four more years, Senator Yari and the APC must answer one question: after N15.8 trillion in additional resources, record FAAC allocations and three years of unprecedented sacrifice, are Nigerians better off?” The party also voiced concerns over increased borrowing by state governments, citing reports that about 20 states borrowed N458 billion in 2025 despite the surge in FAAC allocations. They called for detailed project information to demonstrate how these increased revenues have been utilized.

Addressing the upcoming 2027 elections, the ADC challenged the Tinubu administration to present a concrete plan for reducing the cost of petrol, food, and transportation. They questioned Senator Yari’s assertion that subsidy can never return, demanding to know what alternative the President’s campaign is offering to dramatically reduce these essential costs before 2027. The ADC clarified that it is not advocating for a return to the previous subsidy regime, which it described as opaque and prone to corruption. Instead, the party proposes an alternative focused on domestic refining and targeted, transparent support aimed at reducing fuel prices and the overall cost of living.

In conclusion, the ADC stressed that the 2027 election will largely be determined by the ability of political parties to effectively address the pressing economic challenges faced by Nigerians. The party’s statement ended with a poignant appeal: “Nigerians have sacrificed enough. They need a break.”