N27trn subsidy funds: APM accuses Tinubu govt of ‘litany of lies’
The Allied Peoples' Movement (APM) has accused the Nigerian government of providing a 'litany of lies' regarding the spending of N27 trillion generated from petrol subsidy removals. The party claims there are significant discrepancies between current government reports and previous statements made by former officials.
Why it matters
This highlights political tension and concerns over fiscal transparency and potential corruption regarding major economic policy shifts in Nigeria.
ABUJA – The Allied Peoples’ Movement, APM, has accused the Federal Government of giving Nigerians a false account of how more than N27 trillion generated from the removal of petrol subsidy was spent, describing its report as a ‘litany of lies, inconsistencies and false claims’.
The party said the report raised fresh questions about how much was actually saved, how much was shared among the three tiers of government, and what the funds were used for.
In a statement by its National Publicity Secretary, Abubakar Yusuf, the APM said its July 9 demand for a comprehensive account of the subsidy proceeds had prompted the Federal Government’s report.
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