Three Years After Subsidy Removal, Nigerians Ask: Where Did ₦15.8 Trillion Go?

Tinubu presented subsidy removal as painful but necessary medicine. Three years later, many Nigerians say the country is still choking under higher petrol prices, transport fares, food costs and falling purchasing power. Businesses have struggled, households have cut back, and the middle class has continued to shrink. The government says subsidy removal generated ₦15.8 trillion between June 2023 and December 2025 for the Federation Account. Nigerians deserve a clear public account of how the money was shared among the federal, state and local governments, and how much went to debt servicing, infrastructure and social protection. The old subsidy system may have been unsustainable, but reform must not simply redistribute hardship to ordinary citizens. If ₦15.8 trillion was truly freed, Nigerians deserve to see the transfers, projects and receipts—and the tangible benefits their sacrifice produced.

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