Group urges govs, Wike: Account for fuel subsidy savings

Wike

The Socio-Economic Rights and Accountability Project has demanded that all 36 state governors and the Minister of the Federal Capital Territory, Nyesom Wike, publicly disclose how they have spent the trillions of naira received from fuel subsidy savings since the policy’s removal in 2023.

According to a statement released by the Deputy Director, SERAP, Kolawole Oluwadare, on Sunday, the group urged the governors and the FCT minister to “provide details of the plans on how subsequent fuel subsidy savings they expect to collect from FAAC allocations, including details of any planned projects on which the money would be spent.”

In a series of Freedom of Information requests sent to the governors and the FCT Minister, the organisation expressed concern that the spending of the increased Federation Account Allocation Committee allocations has been largely shrouded in secrecy.

SERAP warned that there is a significant risk of mismanagement, diversion of public funds, and reckless spending on nonessential luxuries while millions of Nigerians continue to face worsening poverty, unpaid salaries, and lack of access to basic social services. Punch