Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Stanbic IBTC Bank Nigeria PMI®: Business Activity Continues To Rise, But Higher Fuel Costs Limit Growth

    May 4, 2026

    Ex-Minister Uche Nnaji Defects to PDP Amid Forgery Probe, Eyes Enugu Governorship

    May 4, 2026

    Lagos Seals 40 Facilities in Major Noise Pollution Crackdown

    May 4, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      Ex-Minister Uche Nnaji Defects to PDP Amid Forgery Probe, Eyes Enugu Governorship

      May 4, 2026

      PDP Crisis: BoT Summons Emergency NEC Meeting to Avert Leadership Vacuum

      May 4, 2026

      Nigeria Blazes New Trail with Record-Breaking Start at World Athletics Relays in Botswana

      May 3, 2026

      Zamfara APC Congress: Gov. Lawal Declares Strong Political Base As Key to Governmental Strength

      May 3, 2026

      Zamfara APC Stakeholders Unanimously Endorse Tinubu, Lawal for Second Term

      May 3, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment May 4, 2026

      Mo Bimpe Requests Celebrating Market Women’s Presence at Children’s Naming

      Recent

      Mo Bimpe Requests Celebrating Market Women’s Presence at Children’s Naming

      May 4, 2026

      Carter Efe Beats Portable in Celebrity Boxing, E-Money Gifts N50m

      May 2, 2026

      DJ Tunez, Wizkid Announce New Collaboration Set for Release This May

      May 2, 2026
    • Business

      GTCO Plc Reports Profit Before Tax Of ₦302.9Billion, As It Releases 2026 Q1 Unaudited Results

      April 30, 2026

      Uber has introduced a new hotel booking feature within its app as part of its strategy to evolve into a comprehensive “everything app.” The service, developed in partnership with Expedia, allows users to search and reserve hotel rooms from a selection of more than 700,000 properties. The feature integrates travel tools such as maps, filters, and pricing options, while enabling payments through saved card details already stored in the Uber platform. According to Uber CEO Dara Khosrowshahi, the company is expanding beyond ride-hailing and food delivery to become a unified platform for a wide range of everyday services. Expedia CEO Ariane Gorin said the collaboration is aimed at simplifying travel planning and reducing the steps required to complete bookings. Uber also plans to extend the partnership to include short-term rental listings through Vrbo in the future. The move reflects a broader global trend toward multifunctional apps that combine services like transport, shopping, and payments in a single ecosystem, similar to platforms such as WeChat and Alipay in China. Other tech companies are also pursuing similar “super app” models, including Airbnb, which has added experiences and personal services, and X, which is exploring financial services integration. Uber further revealed plans to incorporate AI-powered tools, including meal planning, shopping list creation, delivery coordination, and a voice assistant for navigating the app.

      April 29, 2026

      BUA Cement Sustains Revenue Growth by 22.1% to N355bn in Q1 2026

      April 27, 2026

      Southwest Investment Summit and Awards 2026 Set to Drive Regional Growth, Honour Change-Makers

      April 26, 2026

      Transcorp Group reports ₦125.1bn revenue and ₦50.7bn profit before tax in Q1 2026 results

      April 25, 2026
    • Health

      Nigeria’s Malaria Prevalence Falls to 15%, From 20% ~ FG

      April 29, 2026

      Cross River Dismisses Report of New COVID-19 Cases

      April 23, 2026

      Cross River Activates Emergency Response As It Confirms First COVID-19 Case Since 2022

      April 23, 2026

      FG Bans Importation of Paracetamol, Metronidazole to Boost Local Drug Production

      April 19, 2026

      Heatwave Raises Malaria Risk as Health Officials Issue Nationwide Alert

      April 17, 2026
    • Culture

      Excitement Builds in Ijebu-Ode as Ojude Oba Festival Preparations Gather Momentum

      May 2, 2026

      Olu of Warri, Asantehene Seal Historic Royal Bond, Ogiamẹ Atuwatse III Receives Peace Artifact

      April 27, 2026

      Adron Homes Strengthens Cultural Influence During Ibadan Cultural Festival

      April 20, 2026

      Ogun State to Showcase “The Rock That Remembers” at Milan Design Week

      April 19, 2026

      Tourism: Olumo Rock Revenue Hits N40m Monthly After Refurbishment ~ Ogun Gov

      April 18, 2026
    • Lifestyle

      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

      Lagos Hosts “Homecoming Live Music Show” as Alternative Scene Takes Center Stage

      April 4, 2026

      QR Menus and Aesthetic-Driven Dining Redefine Restaurant Experience for Gen Z

      March 27, 2026

      How My Gold Jewelry Ended In Lagoon ~ Adeboye

      March 19, 2026
    • Sports

      Tinubu Hails Team Nigeria’s Historic 15th African Wrestling Title

      May 4, 2026

      Nigeria Blazes New Trail with Record-Breaking Start at World Athletics Relays in Botswana

      May 3, 2026

      CAF Announces Commencement Of Historic AFCON 2027 

      May 3, 2026

      Nigeria Opens Campaign with Gritty Win at ITTF World Team Championships

      April 30, 2026

      FIFA to Reduce Player Bans, Introducing New Yellow Card System

      April 28, 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 May 4, 2026

    Atiku Abubakar Announces US Visit, Warns of Full-Blown Internal Crisis in Nigeria

    News May 4, 2026

    Telcos Defend USSD Billing, Data Rollover Limits. 

    News May 4, 2026

    Xenophobic Matter: FG Summons South African Envoy Over  Rights Violations

    News May 4, 2026

    LAWMA Realigns Routes, Withdraws Licences of Underperforming PSP Operators

    News May 4, 2026

    Tinubu On Two-Week Three-Nation Tour Since Sunday

    News May 4, 2026

    As Ooni Installs Amosun’s Wife As Yeye Moremi Oodua, Obasanjo, Dignitaries Attend. 

    Leave A Reply Cancel Reply

    Don't Miss
    Banking & Finance May 4, 2026

    Stanbic IBTC Bank Nigeria PMI®: Business Activity Continues To Rise, But Higher Fuel Costs Limit Growth

    The Nigerian private sector remained in growth territory at the start of the second quarter…

    Ex-Minister Uche Nnaji Defects to PDP Amid Forgery Probe, Eyes Enugu Governorship

    May 4, 2026

    Lagos Seals 40 Facilities in Major Noise Pollution Crackdown

    May 4, 2026

    Atiku Abubakar Announces US Visit, Warns of Full-Blown Internal Crisis in Nigeria

    May 4, 2026

    Subscribe to Updates

    Get the latest news as they happen

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

    Queen Jennifer Osayamen Celebrates Birthday With Motherless Children

    December 26, 2021

    Mars E&P secures $274 million facility from AFREXIM Bank

    November 25, 2021

    16th Edition Of Face Of Edo, 10th Edition of Face Of The World Nigeria Beauty Pageant Hold In Benin.

    November 11, 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.