APC Defends Tinubu’s Reforms, Says Subsidy Removal Boosted Revenue

APC Defends Tinubu’s Reforms, Says Subsidy Removal Boosted Revenue The All Progressives Congress APC has defended President Bola Ahmed Tinubu’s economic reforms, saying the removal of petrol subsidy has increased government revenue and improved Nigeria’s business environment for investors. The ruling party said the reforms were necessary to address longstanding economic challenges and create a more sustainable fiscal environment for the country. According to the APC, the removal of petrol subsidy has significantly increased resources available to the Federal Government and other tiers of government through higher Federation Account allocations. The party also argued that the reforms, alongside changes in the foreign exchange market, have helped restore investor confidence and provided businesses with a more stable operating environment. The Presidency similarly maintained that the reforms are beginning to revive businesses and create opportunities for entrepreneurs, particularly as conditions in the foreign exchange market have improved. However, the reforms have continued to attract criticism from opposition parties, particularly the African Democratic Congress ADC, which is demanding an account of the additional revenues generated since subsidy removal. The ADC cited figures attributed to the Minister of Finance indicating that subsidy removal and foreign-exchange reforms generated about N15.8 trillion in additional resources for the Federation between June 2023 and December 2025. The opposition party questioned how the additional resources have translated into improved living conditions, pointing to higher petrol prices, increased transportation costs and the continued pressure on households. APC National Chairman Nentawe Yilwatda, meanwhile, warned against proposals to restore petrol subsidy, arguing that returning to the former system could reduce government revenues and affect funding for salaries, education and other essential services. The subsidy debate has become a major political issue ahead of the 2027 presidential election, with the APC defending the reforms as necessary for long-term economic stability while opposition parties argue that Nigerians have yet to see sufficient benefits from the increased government revenues.