Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Nigeria’s New Ambassador, Iji, Receives Warm Welcome From Russia’s Evgenievich

    June 20, 2026

    Lagos, EIB Partner On €170m Funding For Electric Ferry Project System

    June 20, 2026

    MRS Lowers Fuel Pump Price

    June 20, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      Voting Exercise Commences Peacefully With INEC Ad-hoc Staff Early Arrival In Ekiti State. 

      June 20, 2026

      Itsekiri, Ijaw Decide on Rotation of Proposed Warri Federal Constituency II Seat

      June 13, 2026

      INEC Warns on Party Disputes, Set to Issue Portal Codes June 26

      June 10, 2026

      Musiliu Obanikoro Appointed as Campaign DG for 2027 Lagos APC Governorship Bid

      June 5, 2026

      Jonathan Qualifies to Run as 2027 Presidential Candidate ~ Court

      May 26, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment June 19, 2026

      Tiredness Is Not Laziness ~ Timi Dakolo Advises Men To Rest

      Recent

      Tiredness Is Not Laziness ~ Timi Dakolo Advises Men To Rest

      June 19, 2026

      LG Elevates Home Entertainment with Free DStv Stream Campaign in Nigeria

      June 19, 2026

      Fuji Music Icon, Love Azeez Passes On

      June 19, 2026
    • Business

      NDPC Partners Meta to Unveil Two-year Data Protection Initiative

      June 8, 2026

      inDrive Unveils International Social Initiative Against Bullying

      June 1, 2026

      Jumia Strengthens Inclusion Drive in E-commerce Market

      May 26, 2026

      BUA Cement Expands Capacity To 23m Tonnes, Disburses N338.64bn Dividend

      May 21, 2026

      Otedola Plans $100 Million Investment in Dangote Refinery IPO

      May 21, 2026
    • Health

      Ebola Precaution: Tinubu Approves N10bn Emergency Funding 

      June 10, 2026

      FG to Minimize Medical Equipment Imports, Unveils $1.2bn Reform Plan for Local Manufacturers

      June 4, 2026

      Ultra-processed foods may significantly increase heart disease risk

      May 17, 2026

      Ebola outbreak in Congo kills at least 80, spreads concern to Uganda

      May 17, 2026

      New Ebola Outbreak Confirmed in Eastern Congo as Death Toll Rises

      May 15, 2026
    • Culture

      FCMB Reiterates Commitment for Ojude Oba as Key Driver of Heritage

      June 7, 2026

      Rite Foods Lightens Ojude Oba 2026, Refreshes Thousands

      June 2, 2026

      Ojude Oba 2026: Glo Rewards Age Grades, Horse Riders. 

      May 30, 2026

      FCMB Commends Ojude Oba’s Role In Strengthening Culture And Economy

      May 26, 2026

      Gov Adeleke Presents Staff of Office to Afilaka as Alatorin

      May 14, 2026
    • Lifestyle

      The Room We Never Left: Trauma, Insecurity, and the African Child

      May 25, 2026

      Airbnb Expands Into Hotels, Car Rentals and Grocery Services Amid Global Regulatory Pressure

      May 21, 2026

      DStv, GOtv Price Hike Pushes Nigerians Toward Local Streaming Alternatives

      May 14, 2026

      World Bank Highlights Early Childhood Development as Key to Nigeria’s Economic Future

      April 19, 2026

      Hilda Baci Secures Third Guinness World Record, Extends Culinary Milestone

      April 6, 2026
    • Sports

      Keshi’s Stadium to Play Host to President Federation Cup Final, Delta State. 

      June 20, 2026

      Premier League Releases 2026/27 Season Schedule, Starting August. 

      June 19, 2026

      Co-host Nation Mexico Shines as First Team to Reach Round of 32

      June 19, 2026

      2026 President Federation Cup: El-Kanemi Warriors To Battle With Ikorodu City On Final Showdown

      June 18, 2026

      APC Reps Candidate Ijegbai Celebrates Edo Queens, Enabulele on NWFL Premiership Victory

      June 17, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » Publish details of how N400bn in fuel subsidy savings was spent, SERAP urges Tinubu
    News

    Publish details of how N400bn in fuel subsidy savings was spent, SERAP urges Tinubu

    Ifetayo AdeniyiBy Ifetayo AdeniyiJuly 5, 20236 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    Publish details of how N400bn in fuel subsidy savings was spent, SERAP urges Tinubu

    The Socio-Economic Rights and Accountability Project has urged President Bola Ahmed Tinubu to use his good offices and leadership position to “urgently publish details of spending of about N400bn so far saved as a result of the removal of subsidy on Premium Motor Spirit popularly known as petrol.”

    He was urged by SERAP to “provide details of the plans on how subsequent savings from the removal of petroleum subsidy would be used, including specific projects on which the funds would be spent, and the mechanisms that have been put in place to ensure that any such savings are not embezzled, misappropriated, or diverted into private pockets.”

    According to reports, the Federal Government saved N400 billion in the four weeks following the implementation of the policy on the removal of petrol subsidy payments.

    In the letter dated July 1, 2023, and signed by SERAP deputy director Kolawole Oluwadare, the organisation said, “Your government has a legal responsibility to ensure that the savings from the removal of subsidy on petrol are spent solely for the benefit of the 137 million poor Nigerians who are bearing the brunt of the removal.

    “Prevention of corruption in the spending of savings from the removal of subsidy on petrol and preventing and addressing the challenges caused by the removal are serious and legitimate public interests.

    ”According to SERAP, “Nigerians have the right to know how the savings are spent. Publishing the details of the spending of the savings would promote transparency, accountability, and reduce the risks of corruption in the spending of the funds.”

    The letter, read in part, “SERAP is concerned that the savings from subsidy removal may be embezzled, misappropriated or diverted into private pockets.”

    “Opacity in the spending of the savings from subsidy removal would have negative impacts on the fundamental interests of the citizens and the public interest.”

    “We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel your government to comply with our request in the public interest.”

    “Unless the government is transparent and accountable to Nigerians in how it spends the savings from the removal of subsidy on petrol, the removal will continue to undermine the rights of Nigerians, and increase their vulnerability to poverty and social deprivation.”

    “Transparency would ensure that the funds saved from the removal of subsidy are not diverted into private pockets, and increase public trust and confidence that these savings would be used to benefit Nigerians.”

    “The implementation of the National Social Safety Net Programme and spending on the programme have been mostly shrouded in secrecy.”

    “Publishing the details of the spending of the N400bn and other savings from the removal of subsidy would also ensure that persons with public responsibilities are answerable to the people for the performance of their duties including the management of the funds.”

    “Transparency and accountability in the spending details of the N400 billion saved as a result of the removal of subsidy on petrol, and on the spending of subsequent savings from the removal would mean that the savings can help poor Nigerians to overcome the effects of such removal.”

    “It would also help to avoid a morally repugnant result of double jeopardy on poor and socially and economically vulnerable Nigerians.

    “The lack of transparency and accountability in the spending of savings from the removal of subsidy on petrol and the resulting human costs would directly threaten fundamental human rights that your government has an obligation to protect.”

    “Your government has the legal obligations to address the effects of subsidy removal on the human rights of 137 million poor Nigerians, and to prevent and address some of the direct consequences that the removal may reap on human rights, especially given the disproportionate impact on these Nigerians.”

    “SERAP also urges you to promptly instruct Independent Corrupt Practices and Other Related Offences Commission and Economic and Financial Crimes Commission to monitor the spending of all savings from subsidy removal.”

    “SERAP notes that the removal of subsidy on petrol continues to negatively and disproportionately affect poor Nigerians, undermining their right to an adequate standard of living.”

    “Your government has a positive obligation to protect individuals against the threat posed to human rights by the removal of subsidy on petrol. Your government also has legal obligations to effectively address the aftermath of subsidy removal.”

    “SERAP is seriously concerned that years of allegations of corruption and mismanagement in the spending of public funds and entrenched impunity of perpetrators have undermined public trust and confidence in governments at all levels.”

    “The Freedom of Information Act, Section 39 of the Nigerian Constitution, article 9 of the African Charter on Human and Peoples’ Rights and article 19 of the International Covenant on Civil and Political Rights guarantee to everyone the right to information, including the details of how the N400bn and other savings from the removal of subsidy on petrol would be spent.”

    “By the combined reading of the provisions of the Nigerian Constitution 1999 [as amended], the Freedom of Information Act 2011, and the African Charter on Human and Peoples’ Rights, there are transparency obligations imposed on your government to widely publish the details of how the N400bn and other savings from the removal of subsidy on petrol are spent.”

    “The Nigerian Constitution, Freedom of Information Act, and the country’s anti-corruption and human rights obligations rest on the principle that citizens should have access to information regarding their government’s activities.”

    “Section 13 of the Nigerian Constitution imposes clear responsibility on your government to conform to, observe and apply the provisions of Chapter 2 of the constitution. Section 15(5) imposes the responsibility on your government to “abolish all corrupt practices and abuse of power” in the country.”

    “Under Section 16(1) of the Constitution, your government has a responsibility to ‘secure the maximum welfare, freedom and happiness of every citizen on the basis of social justice and equality of status and opportunity.’”

    “Section 16(2) further provides that, ‘the material resources of the nation are harnessed and distributed as best as possible to serve the common good.’”

    “Similarly, articles 5 and 9 of the UN Convention against Corruption also impose legal obligations on your government to ensure proper management of public affairs and public funds, and to promote sound and transparent administration of public affairs.”

    Insightlinks.net

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleFast-rising Ghanaian Yaw Ray impresses on debut EP ‘Delay not Denial’
    Next Article Amusan Wins 100m Hurdles Event in Stockholm Diamond League
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    News June 20, 2026

    Nigeria’s New Ambassador, Iji, Receives Warm Welcome From Russia’s Evgenievich

    News June 20, 2026

    Lagos, EIB Partner On €170m Funding For Electric Ferry Project System

    News June 20, 2026

    Ex-INEC Chairman Mahmood Yakubu Resumes Office As Nigeria’s Ambassador To Qatar

    News June 20, 2026

    NASENI, REA Collaborate, Sign MoU On Renewable Energy Deployment

    News June 20, 2026

    Yoruba Dating App Unveiled for Matchmaking

    News June 19, 2026

    Governor Dauda Lawal Approves Payment of Allowance to NYSC Members Serving in Zamfara 

    Leave A Reply Cancel Reply

    Don't Miss
    News June 20, 2026

    Nigeria’s New Ambassador, Iji, Receives Warm Welcome From Russia’s Evgenievich

    Amb. Joseph Iji, Nigeria’s newly appointed Ambassador to Russia, and Borisenko Evgenievich. Photo: NAN Russia’s…

    Lagos, EIB Partner On €170m Funding For Electric Ferry Project System

    June 20, 2026

    MRS Lowers Fuel Pump Price

    June 20, 2026

    Ex-INEC Chairman Mahmood Yakubu Resumes Office As Nigeria’s Ambassador To Qatar

    June 20, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    AMPMAN congratulates Anambra Governor-Elect, Prof Charles Soludo

    November 14, 2021

    Queen Jennifer Osayamen Celebrates Birthday With Motherless Children

    December 26, 2021

    Late Capt. Hosa Immortalize As Keffi Polo Tournament Dedicates Trophy

    November 16, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.