Fresh political disagreements have emerged over the impact of President Bola Tinubu’s economic reforms, with the ruling All Progressives Congress (APC) defending the removal of petrol subsidy while the African Democratic Congress (ADC) demanded accountability for revenues generated from the policy.
The debate comes amid continued public concern over the rising cost of living, inflation and declining purchasing power experienced by many Nigerians since the subsidy removal policy was introduced.
The ADC argued that the government must explain how trillions of naira generated from subsidy removal and foreign exchange reforms have improved the welfare of ordinary Nigerians.
In a statement signed by its National Publicity Secretary, Bolaji Abdullahi, the party questioned whether the significant increase in government revenue had translated into meaningful improvements in the lives of citizens.
According to figures cited by the opposition party, subsidy removal and exchange rate reforms reportedly generated about N15.8 trillion in additional resources between June 2023 and December 2025.
The ADC noted that while governments at all levels were receiving increased allocations, many households continued to struggle with soaring food prices, transportation costs and inflationary pressures.
“The contradiction is impossible to ignore. Government is counting trillions while Nigerian families are counting the meals they can afford,” the party stated.
The opposition also called for greater transparency regarding projects financed through the additional revenues generated by the reforms.
Responding, the APC maintained that the reforms were necessary to stabilise the economy and restore investor confidence.
Dr. Hafiz Abdullahi, Technical Assistant on Regional Development Programmes in the Office of the Vice President, said the reforms had improved Nigeria’s business environment and created new opportunities for entrepreneurs and small businesses.
He pointed to intervention funds, access to affordable credit and business formalisation programmes as evidence of efforts to support economic growth.
Similarly, APC National Chairman Nentawe Yilwatda cautioned against calls for the return of fuel subsidy, arguing that such a move could reverse gains already achieved.
According to him, subsidy payments would place significant pressure on public finances and reduce funds available for critical sectors such as education, healthcare and infrastructure.
As political parties begin positioning ahead of the 2027 elections, analysts expect debates over economic reforms, inflation and government spending to remain central issues in national discourse.
