The Socio-Economic Rights and Accountability Project (SERAP) has threatened to writer authorities governors and the Minister of the Federal Capital Territory, Nyesom Wike, if they neglect to supply details of the estimated N14 trillion successful substance subsidy savings they received from FAAC allocations.
SERAP, which gave the governors and Wike 7 days to conscionable its demand, stated that they indispensable besides supply accusation astir the projects funded by the money, their locations, implementation status, and immoderate disposable completion reports.
The civilian nine organisation besides urges them to outline their plans for aboriginal substance subsidy savings expected from FAAC allocations, including details astir immoderate projects for this funding.
SERAP is further demanding that the governors and Minister publically invitation the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) to way and show the spending of these substance subsidy savings, ensuring that the funds are not misappropriated.
The organisation’s demands are contained successful a Freedom of Information petition dated October 4, 2025, signed by SERAP Deputy Director Kolawole Oluwadare.
It argued that the savings from removing the substance subsidy should solely payment the mediocre and susceptible Nigerians suffering the astir from the policy, and that transparency successful expenditure is important to forestall a morally unacceptable result for these citizens.
SERAP maintained that determination is simply a important hazard of mismanagement oregon diversion of funds linked to the accrued FAAC allocations distributed to states and the FCT.
It besides claimed that millions of mediocre and susceptible Nigerians person not reaped the benefits from the trillions of naira gathered by governors and the FCT curate owed to these subsidy savings, which person contributed to the continued deepening of the poorness crisis.
The organisation alleged that respective states whitethorn besides usage nationalist funds, perchance substance subsidy savings, to concern unnecessary travel, acquisition extravagant vehicles, and enactment politicians’ lavish lifestyles.
SERAP insisted that Nigerians person the close to cognize however their states and the FCT negociate the savings from removing the substance subsidy arsenic portion of their quality close to information.
It stated, “Addressing the corruption epidemic surrounding these funds would alleviate poverty, heighten entree to basal nationalist services, and amended the ratio of authorities governments successful fulfilling their responsibilities.
“According to disposable information, the Federation Account Allocation Committee (FAAC) allocated N28.78 trillion successful 2024 from the removal of the petrol subsidy crossed each tiers of government, representing a 79 per cent summation from the erstwhile year.
“State governments’ allocations accrued by 45.5 per cent to N5.22 trillion, with monthly distributions successful 2025 reportedly exceeding N1.6 trillion.
“Despite these accrued backing levels, millions of mediocre and susceptible Nigerians person yet to spot benefits from these savings. Many states inactive beryllium salaries and pensions to civilian servants, with immoderate borrowing funds to conscionable payroll obligations. Consequently, countless Nigerians residing successful these states and the FCT proceed to look terrible challenges,” SERAP stated.

1 month ago
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