Nigeria: Account for ₦15.8trn Subsidy Savings, $100bn Loans - Obi to Tinubu

What the report says

Peter Obi, the presidential candidate of the Nigeria Democratic Congress, has publicly pressed President Bola Tinubu to explain how his administration used money said to have been saved from petrol subsidy removal and funds raised through borrowing. In an open letter posted on his X account and reported by Leadership, Obi asked the president to account for ₦15.8 trillion in alleged subsidy savings and more than $100 billion in loans, along with additional government revenue from taxes and other sources.

The remarks came after Tinubu criticized Obi at an All Progressives Congress rally in Akwa Ibom State. Obi responded by urging the president to visit more states and speak directly with Nigerians about his administration’s record. He said citizens should be able to see clear results from public spending, including improvements in living conditions, poverty reduction, school enrollment, primary healthcare and electricity supply.

Obi also sought clarification on national security efforts, saying Nigeria still faces serious insecurity and terrorism. He framed the issue as a broader demand for accountability and transparency, arguing that public resources should produce measurable benefits for ordinary people. The exchange reflects ongoing opposition pressure on the Tinubu administration over economic management, public finance and service delivery.