APM Faults FG’s Subsidy Saving Report, Claims Its N27trn Not N15.8trn

The Allied Peoples’ Movement (APM) has vehemently denounced the Nigerian government’s claims regarding the subsidy removal savings and the proposed spending of the funds. In a statement, the APM accused the Tinubu-led All Progressives Congress (APC) administration of presenting a "litany of lies, inconsistencies, and false claims" in an attempt to deceive Nigerians and distract from the corrupt distribution of the funds.

APM National Publicity Secretary, Yusuf Abubakar, stated that the government's assertion of only N15.8 trillion saved from the subsidy removal is incorrect. He pointed to the previous figure of N26.9 trillion (approximately $20 billion) saved by the previous administration, highlighting the discrepancy as further evidence of looting and corruption. The APM also questioned the spending claims made by the government, calling them "illusory" and without details.

The APM demanded a detailed breakdown of the funds distributed among states and local governments, including the dates of disbursement and the specific purposes for which the money was allocated. They criticized the government for attempting to shift the blame for corruption onto innocent civil servants and students, claiming that N9.39 trillion from the subsidy savings was used for worker wages and student loans to further burden the public.

Yusuf Abubakar also dismissed the government's claim of benefiting Nigerians, stating that the country currently has more than 140 million people living below the poverty line with a staggering 63% poverty rate, a 33.3% unemployment rate, and an estimated $2.3 trillion infrastructure deficit. The APM urged Nigerians to continue supporting the party and presidential candidate, Engr. Seyi Makinde, in the 2027 election to end the APC misrule and bring in a more transparent and trustworthy leadership.