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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

APM disputes FG's subsidy savings report, claims N27 trillion not N15.8 trillion

From ThisDay · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • The Allied Peoples' Movement (APM) disputes the Nigerian federal government's report on subsidy savings.
  • APM claims the savings amount to N27 trillion, not the N15.8 trillion reported by the APC administration.
  • The party criticized the APC for attempting to attribute corruption burdens to civil servants.

The Allied Peoplesโ€™ Movement (APM) has strongly refuted the Nigerian federal government's report on savings from the petroleum subsidy removal. The APM asserts that the actual savings are significantly higher than the N15.8 trillion claimed by the Tinubu-led All Progressives Congress (APC) administration, stating the figure is closer to N27 trillion.

In a sharp rebuke, the APM accused the ruling APC of attempting to shift the blame for corruption onto civil servants. The party views this as a tactic to deflect responsibility from the administration's own alleged mismanagement and financial improprieties.

This disagreement highlights ongoing political tensions and scrutiny over the management of national resources in Nigeria. The APM's claims suggest a potential lack of transparency or accuracy in the government's financial reporting, raising questions about the utilization of funds saved from the subsidy program.

DistantNews Editorial

Originally published by ThisDay in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.