Tinubu’s Government Spent Over ₦11.9tr on “Energy Security” in Two Years—Exceeding Buhari’s Eight-Year Subsidy

We were told that fuel subsidy was unsustainable when it ended in May 2023. Yet while Nigerians trek to work and businesses falter, the NNPCL has quietly recorded an “Energy Security Expense” of ₦11.9 trillion in under two years. By comparison, the Buhari administration spent roughly ₦11–18 trillion on fuel subsidy over its entire eight-year term. Back then, petrol stayed at ₦187 per liter. Today, prices top ₦1,000 per liter despite higher overall spending. This isn’t just policy failure. It looks like a deliberate scheme that renamed subsidies, fattened private accounts and left ordinary Nigerians to bear the cost. We need transparency on how public funds are being spent.

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