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

News

By Linda Ikeji
8 November 2026, 8:08 am

Nigeria Democratic Congress (NDC) presidential candidate Peter Obi has known as on President Bola Tinubu to account for funds accrued from petrol subsidy financial savings and exterior borrowings exceeding $100 billion.

In an announcement posted on his official X deal with on Saturday titled, “Good Day, Mr President: Nigerians Deserve Accountability,” Obi argued that the substantial monetary inflows—bolstered by heightened tax revenues and authorities earnings—ought to yield tangible enhancements within the day by day lives of residents.

The demand follows current political sparring, coming a day after President Tinubu criticized Obi’s gubernatorial document regarding the Anambra State erosion disaster throughout a marketing campaign cease in Akwa Ibom State.

Responding to the remarks, Obi inspired the President to tour extra of the federation’s 33 remaining states to interact immediately with residents and supply a clear accounting of presidency expenditures.

“I sincerely hope this visit will inspire you to travel to the remaining 33 states of the federation, spend time with the people and, more importantly, explain what your administration has done with the N15.8tn saved from the removal of fuel subsidy, the over $100bn you have borrowed, the increased revenues accruing to the government from taxing Nigerians, and the additional government revenues which your administration celebrated last year as having surpassed its target,” Obi said.

The former governor challenged the chief to current concrete statistical proof detailing poverty discount metrics, academic enrollment charges, and the development of practical main healthcare services.

Obi additionally questioned the administration’s efficiency on core infrastructure and public security, pointing particularly to persistent energy provide challenges—referencing the President’s previous marketing campaign pledges relating to the electrical energy sector—and ongoing safety threats throughout the nation.

GOOD DAY, MR PRESIDENT: NIGERIANS DESERVE ACCOUNTABILITY

Good day, Mr President.

I congratulate you on spending an evening in considered one of Nigeria’s states outdoors Lagos and Abuja. I hope you loved the heat, hospitality, and scrumptious delicacies of Akwa Ibom, which I’m certain is even higher than these of the locations the place you’ve got spent over 260 days outdoors Nigeria since coming into workplace.

I sincerely hope this go to will encourage you to journey to the remaining 33 states of the federation, spend time with the folks and, extra importantly, clarify what your administration has accomplished with the ₦15.8 trillion saved from the elimination of gasoline subsidy, the over $100 billion you’ve got borrowed, the elevated revenues accruing to the federal government from taxing Nigerians, and the extra authorities revenues which your administration celebrated final yr as having surpassed its goal.

Nigerians should know what number of that have been pulled out of poverty inside this era, what number of out-of-school youngsters have been returned to highschool, and what number of practical main healthcare centres you’ve got constructed. They additionally should know the way a lot electrical energy provide has improved, particularly given your promise that if you don’t repair energy, Nigerians shouldn’t vote for you. They deserve a proof of how you’ve got secured the nation, which nonetheless ranks among the many most terrorised international locations on the earth.

Mr President, Nigerians deserve solutions. They should know what has been accomplished with the sources entrusted to your authorities.

The New Nigeria we need to construct will likely be based mostly on accountability, transparency, and the bodily, measurable influence of our public sources on the lives of residents.

A brand new Nigeria is POssible. -PO

— Peter Obi (@PeterObi) November 7, 2026