1 month ago
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Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 authorities governors and the Minister of the Federal Capital Territory, Mr Nyesom Wike to “urgently disclose the spending details of the estimated N14trn substance subsidy savings they collected from FAAC allocations, including details and locations of projects executed with the money, and the implementation presumption and completion reports, if any, connected the projects.”
SERAP urged them to “provide details of the plans connected however consequent substance subsidy savings they expect to cod from FAAC allocations, including details of immoderate planned projects connected which the wealth would beryllium spent.”
SERAP besides urged them to “publicly invitation the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and Economic and Financial Crimes Commission (EFCC) to way and show the spending of the substance subsidy savings collected by you, to guarantee that the wealth is not diverted into backstage pockets.”
The 36 governors and the FCT curate person reportedly collected trillions of naira from FAAC allocations arsenic substance subsidy savings since mid-2023. But the accrued allocations person not translated into improved entree to basal nationalist services, specified arsenic prime healthcare and acquisition for mediocre and susceptible Nigerians.
In the Freedom of Information requests dated 4 October 2025 and signed by SERAP lawman manager Kolawole Oluwadare, the organisation said: “There is simply a morganatic nationalist involvement for governors and the FCT curate to urgently explicate however they person spent the wealth they person truthful acold collected from the subsidy savings.”
SERAP said, “The savings from the removal of substance subsidy ought to beryllium spent solely for the payment of the mediocre and susceptible Nigerians who are bearing the brunt of the removal. Transparency successful the spending of the wealth would assistance to debar a morally repugnant effect of treble jeopardy connected these Nigerians.”
The FoI requests, work successful part: “There is simply a important hazard of mismanagement oregon diversion of funds linked to the accrued FAAC allocations collected by the states and FCT.”
“The spending details of the wealth collected by respective states and the FCT from substance subsidy savings person been mostly shrouded successful secrecy.”
“Millions of mediocre and susceptible Nigerians person not benefited from the trillions of naira collected by the governors and FCT curate from arsenic a effect of the subsidy savings. Nigerians proceed to look a worsening poorness crisis.”
“Several states including your authorities are besides reportedly spending nationalist funds which whitethorn see substance subsidy savings to money unnecessary travels, bargain exotic and bulletproof cars and mostly money the lavish lifestyles of politicians.”
“There are continuing reports of wide poverty, underdevelopment and deficiency of entree to nationalist goods and services successful respective states.”
“Opacity successful the spending of substance subsidy savings collected by you would proceed to person antagonistic impacts connected the cardinal interests of the citizens and the nationalist interest. Transparency would guarantee that nationalist funds are not diverted into backstage pockets.”
“We would beryllium grateful if the recommended measures are taken wrong 7 days of the receipt and/or work of this letter. If we person not heard from you by then, SERAP shall see due ineligible actions to compel your authorities and the FCT to comply with our petition successful the nationalist interest.”
“Disclosing the details of the spending of the wealth collected by your authorities arsenic substance savings would let Nigerians to scrutinise them, and to clasp you to relationship connected the spending of nationalist funds.”
“The states and FCT whitethorn person failed to transparently and accountably negociate the allocations collected from the subsidy savings.”
“Nigerians person the close to cognize however their states and FCT are spending the savings from the removal of substance subsidy arsenic portion of their quality close to information.”
“Combating the corruption epidemic successful the spending of the wealth collected would alleviate poverty, amended entree of Nigerians to basal nationalist services, and heighten the quality of your states to efficaciously and efficiently discharge their responsibilities.”
“According to our information, the Federation Account Allocation Committee (FAAC) successful 2024 distributed N28.78 trillion from the removal of subsidy connected petrol to the 3 tiers of government, representing a 79 per cent summation from the erstwhile year.”
“State governments’ allocations inc...
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