The Socio-Economic Rights and Accountability Project (SERAP) has challenged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory (FCT), Nyesom Wike, to disclose how they have spent the estimated N14 trillion fuel subsidy savings collected through the Federation Account Allocation Committee (FAAC) since mid-2023.
In a Freedom of Information (FoI) request dated October 4, 2025, and signed by SERAP Deputy Director Kolawole Oluwadare, the organisation demanded detailed explanations and public disclosure of projects executed with the subsidy savings, including their locations, completion status, and implementation reports.
SERAP also urged the governors and the FCT minister to invite the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) to monitor how the funds are spent — to ensure the money does not end up in private pockets.
The organisation lamented that despite the trillions of naira received as additional allocations following the removal of fuel subsidy, most Nigerians have yet to see any improvement in access to quality healthcare, education, and other basic public services.
“The savings from the removal of fuel subsidy ought to be used solely to benefit poor and vulnerable Nigerians who continue to bear the brunt of the policy,” SERAP stated.
“Transparency in the spending of these funds will prevent a morally unjust outcome where citizens suffer twice — from the subsidy removal and from corruption.”
According to SERAP, there is a significant risk of mismanagement and diversion of the increased FAAC allocations, noting that several states have continued to fund luxury lifestyles, foreign trips, and expensive vehicles instead of investing in public welfare.
The group emphasized that the continued secrecy surrounding the management of subsidy savings contradicts principles of transparency and accountability, warning that the funds must be used for social development projects that directly improve the living conditions of ordinary Nigerians.
