Socio-Economic Rights and Accountability Project (SERAP) has urged Governors of the 36 States, Nyesom Ezenwo Wike, Minister of the Federal Capital Territory (FCT); to “urgently” make known the information on how the estimated N14trn fuel subsidy savings they collected from FAAC allocations was spent.
SERAP posted: “We’ve urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Mr Nyesom Wike to urgently disclose the spending details of the estimated N14trn fuel subsidy savings they collected from FAAC allocations, including details and locations of projects executed with the money, and the implementation status and completion reports, if any, on the projects.
“The 36 governors and the FCT minister have reportedly collected trillions of naira from FAAC allocations as fuel subsidy savings since mid-2023. But the increased allocations have not translated into improved access to basic public services, such as quality healthcare and education for poor and vulnerable Nigerians.
“There is a legitimate public interest for governors and the FCT minister to urgently explain how they have spent the money they have so far collected from the subsidy savings.
“The savings from the removal of fuel subsidy ought to be spent solely for the benefit of the poor and vulnerable Nigerians who are bearing the brunt of the removal.
“Transparency in the spending of the money would help to avoid a morally repugnant result of double jeopardy on these Nigerians.”
BREAKING: We've urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Mr Nyesom Wike to urgently disclose the spending details of the estimated N14trn fuel subsidy savings they collected from FAAC allocations, including details and locations of…
— SERAP (@SERAPNigeria) October 5, 2025
