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Obi Demands Accountability from Tinubu Over ₦15.8 Trillion Subsidy Savings, $100 Billion Borrowings

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Former Anambra State Governor and Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, has challenged President Bola Tinubu to explain how his administration has utilised the ₦15.8 trillion reportedly saved from fuel subsidy removal, alongside more than $100 billion in external borrowings.

In a statement shared on his official X account on Saturday, titled “Good Day, Mr. President: Nigerians Deserve Accountability,” Obi questioned why the enormous financial resources available to the government have yet to translate into meaningful improvements in the lives of ordinary Nigerians.

He argued that with increased tax collections, higher government revenues, and substantial borrowing, Nigerians should be seeing measurable progress in critical sectors of the economy rather than continuing to struggle with poverty, insecurity, poor infrastructure, and rising living costs.

Obi’s comments come amid growing political tension between him and President Tinubu, following the president’s recent criticism of his record as Anambra State governor, particularly regarding the erosion crisis in the state.

In response, Obi urged Tinubu to move beyond political engagements and visit more states across the country, where he could interact directly with citizens and explain how public funds have been spent.

He specifically demanded clear evidence of progress in poverty reduction, improved school enrollment, access to quality education, and the establishment of functional primary healthcare centers.

Beyond social welfare, the former governor also raised concerns about Nigeria’s persistent electricity challenges and worsening security situation. He questioned the gap between the promises made by the Tinubu administration, particularly on power generation and distribution, and the realities Nigerians continue to experience.

At the heart of Obi’s criticism is a broader question of public accountability: if government revenues have increased significantly and billions of dollars have been borrowed, where is the corresponding improvement in the quality of life of Nigerians?

His challenge puts renewed attention on the government’s spending priorities and the need to demonstrate measurable results from public resources. For millions of Nigerians facing economic hardship, the debate is not simply about how much money the government has raised or borrowed, but whether those resources are delivering visible benefits.

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