OBI QUESTIONS TINUBU OVER ₦15.8TRN SUBSIDY SAVINGS, $100BN BORROWING

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RismadarVoice Reporters
November 7, 2026

The 2027 presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has challenged President Bola Tinubu to account for public resources generated through fuel subsidy removal, government borrowing and increased tax revenues.

Obi made the demand in a statement titled “Good Day, Mr President: Nigerians Deserve Accountability,” published on Saturday following Tinubu’s visit to Akwa Ibom State.

The former Anambra State governor congratulated the President for spending a night in Akwa Ibom, expressing hope that the visit would encourage him to engage more frequently with Nigerians across the country.

He urged Tinubu to extend similar visits to the remaining 33 states and explain how his administration had utilised public resources since assuming office in May 2023.

Obi specifically questioned what he described as ₦15.8 trillion saved from petrol subsidy removal and more than $100 billion borrowed by the administration.

He also demanded explanations for increased government revenue from taxation and other sources, including earnings reportedly exceeding official targets.

The figures cited by Obi were not independently established as the administration’s actual subsidy savings or new borrowing totals.

Beyond financial accountability, Obi challenged the government to provide measurable evidence of improvements in Nigerians’ living conditions.

He asked how many citizens had been lifted out of poverty and how many out-of-school children had returned to classrooms under the administration.

The opposition politician also sought details of functional primary healthcare centres established or improved during Tinubu’s tenure.

On electricity, Obi questioned the government’s progress in expanding reliable power supply, recalling the President’s earlier pledge that Nigerians should hold him accountable for performance in the sector.

He further demanded an assessment of the administration’s efforts to address terrorism, insecurity and threats to lives and property.

Obi maintained that government performance should be evaluated through measurable improvements in public welfare rather than announcements about revenue generation.

He argued that transparency in public expenditure was essential to strengthening citizens’ confidence in government institutions.

The NDC presidential candidate also emphasised the importance of ensuring that increased government resources translate into improvements in education, healthcare, electricity and security.

His statement comes amid continuing political debate over the economic impact of subsidy removal, public borrowing and the Federal Government’s spending priorities ahead of the 2027 general election.

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