Governors, not Tinubu, should account for subsidy gains – Abiodun

At a recent APC rally in Ijebu-Ode, Ogun State Governor Dapo Abiodun stated that it is state governors, not President Bola Tinubu, who should be responsible for explaining how funds gained from the removal of petrol subsidies are being utilized. In Yoruba, Abiodun argued that governors are better equipped to provide accountancy for the funds, since the increased state allocations are a direct result of the subsidy removal.

He questioned why there would be any desire to reinstate the subsidy, as the funds are precisely what have been used to finance critical infrastructure and support programs in various states. Abiodun also highlighted the use of these funds in building airports, roads, schools, housing, and providing incentives for farmers. He further dismissed the possibility of opposition parties winning the 2027 elections, asserting that the APC will decisively defeat them.

This discussion over the handling of the additional revenue stemming from the removal of petrol subsidies has become a significant point of contention in the lead-up to the 2027 elections, with some opposition figures like former Vice-President Atiku Abubakar advocating for greater accountability and even proposing a return to a form of fuel subsidy under their leadership.

The current administration has defended the decision to eliminate the subsidy, citing the freed-up resources previously spent on artificially maintaining low petrol prices. Finance Minister Taiwo Oyedele has provided figures showing that the removal of the subsidy between June 2023 and December 2025 resulted in a savings of N15.8tn for the federation.