ADC Accuses Tinubu, APC Governors Of Diverting N800bn FAAC Funds For 2027
ADC accuses Tinubu, APC governors of diverting N800bn FAAC funds for 2027 politics as FG defends tax reforms and fresh borrowing The African Democratic Congress ADC has accused President Bola Ahmed Tinubu and governors elected on the platform of the All Progressives Congress APC of allegedly diverting over N800 billion from Federation Account Allocation Committee FAAC allocations for political activities ahead of the 2027 general elections. The allegation has sparked fresh political tension amid ongoing debates on Nigeria’s economic reforms and rising public debt concerns. In a strongly worded statement, the ADC claimed that deductions from FAAC allocations were being used to build a “political war chest” for the 2027 elections, describing the alleged action as “shameless, cruel and criminal. The opposition party argued that while states have been receiving unprecedented revenue inflows following fuel subsidy removal and naira devaluation, ordinary Nigerians have continued to suffer worsening poverty, unemployment, and inflation.
- salaries
- healthcare
- education
- infrastructure
- security
were allegedly being redirected toward political campaigns instead of citizens’ welfare. The party further alleged that the APC-led administration had turned governance into a “fundraising machine for 2027 politics,” insisting that if the claims are verified, it would amount to a major abuse of public trust.
- an independent investigation into FAAC deductions
- scrutiny of accounts allegedly linked to the transactions
- full transparency in the management of federation revenue
- In response to growing economic concerns, the Federal Government defended its ongoing tax reform agenda, insisting that Nigeria must reduce dependence on borrowing to finance development. Officials argued that the country cannot sustain infrastructure and social spending through debt alone, stressing the need for a more efficient and sustainable tax system.
- improving tax compliance
- reducing multiple taxation
- expanding the tax base
- strengthening fiscal stability
- The controversy comes amid reports of fresh engagement with the World Bank for a $1.25 billion loan, which has further fueled criticism from opposition parties and civil society groups concerned about rising national debt. While the ADC accuses the government of mismanaging public funds, the FG maintains that borrowing and reforms are necessary to stabilize the economy and fund critical infrastructure. The allegations have intensified political rivalry ahead of the 2027 elections, with the ADC insisting that Nigerians deserve accountability over how federation revenues are managed under the current administration. The APC, however, has consistently denied claims of financial mismanagement, describing similar accusations as politically motivated
- opposition claims of political diversion of public funds, and
- government arguments for economic restructuring and fiscal sustainability As investigations are demanded and political rhetoric intensifies, the debate over FAAC allocations and Nigeria’s debt strategy is expected to remain a major national issue.
