Africa

Obi challenges Tinubu to account for subsidy savings, $100bn loans

The Sun Nigeria November 08, 2026 6 views
Obi challenges Tinubu to account for subsidy savings, $100bn loans

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Peter Obi, the presidential candidate of the Nigeria Democratic Congress (NDC), has called on President Bola Tinubu to explain how the government has spent the money saved from removing the petrol subsidy and the more than $100 billion it has borrowed.

Obi made the demand in a statement posted on his X handle on Saturday, titled “Good Day, Mr President: Nigerians Deserve Accountability.” The statement came a day after Tinubu criticised Obi at a campaign rally in Akwa Ibom State over the erosion crisis in Anambra State during his time as governor.

In the post, Obi urged the President to visit more states and speak directly with Nigerians about his administration’s performance. He asked Tinubu to explain what the government had done with the N15.8 trillion he cited as savings from subsidy removal, the over $100 billion borrowed, and the additional revenue generated through taxes.

Obi said the money available to the government should translate into better living conditions for Nigerians. He challenged Tinubu to provide figures showing how many people have been lifted out of poverty, how many children have returned to school and how many functional primary healthcare centres have been built.

He also asked the President to explain whether electricity supply has improved, recalling Tinubu’s promise that Nigerians should not vote for him if he failed to fix the power sector. On security, Obi questioned what the government has done to protect Nigerians, noting that the country continues to face serious threats from terrorism.

“Mr President, Nigerians deserve answers. They deserve to know what has been done with the resources entrusted to your government,” Obi added.

<small>Source: The Sun Nigeria — read the original story there.</small>

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