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ADC Accuses APC of Diverting N800bn FAAC Funds for Tinubu’s 2027 Campaign
ADC Accuses APC of Diverting N800bn FAAC Funds for Tinubu’s 2027 Campaign
Nigeria’s economic management has come under renewed public scrutiny after the African Democratic Congress (ADC) accused President Bola Ahmed Tinubu and governors elected on the platform of the All Progressives Congress (APC) of allegedly diverting more than N800 billion from Federation Account Allocation Committee (FAAC) funds to finance preparations for the 2027 general elections.
The allegation has sparked fresh debate over Nigeria’s fiscal transparency, public spending and the impact of the Federal Government’s economic reforms at a time millions of Nigerians are battling inflation, rising food prices and worsening living conditions.
The controversy also comes amid reports that the Federal Government is in discussions with the World Bank over a proposed fresh $1.25 billion loan facility, further raising concerns about Nigeria’s debt profile and dependence on external borrowing.
In a statement issued by its National Publicity Secretary, Bolaji Abdullahi, the ADC described the alleged diversion of public funds for political purposes as “shameless, cruel and criminal.”
According to the opposition party, reports suggesting that over N800 billion was allegedly raised through deductions from FAAC allocations confirmed fears that public resources were being converted into a political “war chest” ahead of the 2027 elections.
“The report alleging that over N800 billion was raised through deductions from FAAC allocations for political purposes confirms what Nigerians have long suspected, that while the administration continues to tell the people to endure the pains of its ill-fated economic reforms, the APC has been converting public resources into a war chest for 2027 politics,” the party stated.
The ADC argued that despite record allocations to states following the removal of petrol subsidy and the devaluation of the naira, ordinary Nigerians continue to face severe hardship, unemployment and insecurity.
“Under this APC government, states are receiving more money than at any other period in Nigeria’s history, yet Nigerians are poorer, hungrier, and more desperate than ever before,” the statement added.
“Roads are still collapsing. Hospitals are still empty. Schools are still underfunded. Workers are underpaid. Communities remain unsafe. The only thing growing is the political appetite of the ruling party.”
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The party maintained that if the allegations are proven true, they would amount to political corruption and diversion of resources meant for development, healthcare, education, infrastructure and citizens’ welfare.
“FAAC allocations are meant for development, salaries, healthcare, education, infrastructure, security and the welfare of citizens, not for financing the re-election plans of one man,” the ADC said.
The opposition party also called for an independent investigation into the alleged deductions and any accounts reportedly linked to the operation.
The allegation has intensified political tensions at a time the Tinubu administration is pushing ahead with major tax reforms in Nigeria aimed at increasing government revenue and reducing dependence on borrowing.
Speaking recently at the 28th Annual Tax Conference of the Chartered Institute of Taxation of Nigeria in Abuja, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, defended the government’s fiscal reforms and warned that Nigeria could no longer sustain development through excessive borrowing.
According to Oyedele, the country urgently needs a more sustainable fiscal system capable of funding healthcare, education, infrastructure and social protection without relying heavily on debt.
The minister explained that the administration’s tax reform agenda seeks to simplify Nigeria’s tax system, improve compliance, widen the tax base and create a more competitive economy while protecting low-income earners and small businesses.
However, the reforms have continued to generate debate across the country, particularly amid concerns over rising taxation, inflation and the high cost of living.
Economic analysts say the growing controversy surrounding FAAC funds, taxation and public borrowing reflects broader public frustration over the country’s economic direction under President Tinubu’s administration.
Despite criticism, President Tinubu has repeatedly defended his economic policies, insisting that difficult reforms such as subsidy removal and exchange rate liberalisation were necessary to stabilise the economy and attract long-term investment.
The President has also argued that rising debt servicing costs have significantly reduced Nigeria’s ability to invest adequately in critical sectors such as infrastructure, healthcare and education.
As of the time of filing this report, neither the Presidency nor the APC Governors’ Forum had officially responded to the ADC’s allegations regarding the alleged diversion of public funds.
ADC Accuses APC of Diverting N800bn FAAC Funds for Tinubu’s 2027 Campaign
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News
FG to Attach 300 NYSC Corps Members to CNG Workshops for Skills Training
FG to Attach 300 NYSC Corps Members to CNG Workshops for Skills Training
The Federal Government has announced plans to train and attach 300 National Youth Service Corps members to compressed natural gas conversion centres across the country as part of efforts to equip young Nigerians with practical technical skills and promote the adoption of CNG-powered vehicles.
The initiative is expected to provide the selected corps members with specialised training in CNG vehicle conversion and maintenance, enabling them to acquire skills that could improve their employment and entrepreneurship prospects after completing their national service.
The Senior Special Assistant to the President on Youth Initiatives, Monitoring and Delivery, Dr Titilope Gbadamosi, disclosed the plan at the opening of a CNG Retrofitting Training Programme for corps members at the NYSC FCT Orientation Camp in Kubwa, Abuja.
Gbadamosi said the selected corps members would undergo training and certification as CNG technicians before being deployed to CNG conversion centres across the country.
She explained that the programme would cover the six geopolitical zones and was designed to contribute to the Federal Government’s broader plan to expand the conversion of petrol and diesel-powered vehicles to CNG.
According to her, the initiative is expected to support the government’s target of converting 100,000 vehicles to CNG annually, while simultaneously creating opportunities for young Nigerians to develop specialised technical expertise.
The programme is being implemented in collaboration with relevant government agencies and stakeholders in the automotive and energy sectors.
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The Minister of Youth Development, Ayodele Olawande, said the initiative would provide corps members with practical skills capable of complementing their university and polytechnic qualifications.
Olawande urged the beneficiaries to take the training seriously, describing technical and vocational skills as important tools for reducing youth unemployment and increasing self-reliance.
He said the Federal Government was interested in ensuring that the NYSC programme did not end with the traditional primary assignment and community development activities, but also provided corps members with skills that could sustain them after their service year.
The Director-General of the NYSC, Brigadier General Olakunle Nafiu, also described the programme as an important step towards equipping young Nigerians for emerging opportunities in Nigeria’s changing energy and automotive landscape.
He said the collaboration demonstrated the scheme’s commitment to providing corps members with practical skills and preparing them for the labour market.
The National Automotive Design and Development Council is also involved in the initiative, particularly in relation to technical standards and certification for the CNG conversion training.
The Federal Government has in recent years intensified efforts to promote CNG as a cheaper alternative fuel following the removal of petrol subsidy and the resulting increase in transportation costs.
The government has maintained that greater adoption of CNG could help reduce transportation costs, conserve foreign exchange spent on petroleum products and create new jobs in the automotive conversion and maintenance sector.
The training of NYSC members is therefore expected to address both sides of the policy — increasing the pool of skilled personnel available to service the growing CNG industry while providing young Nigerians with employable technical skills.
Meanwhile, reports circulating that each of the 300 corps members will receive a monthly training allowance of ₦100,000 have not been independently confirmed in the official details released on the programme.
The confirmed aspect of the initiative is that the selected corps members will receive specialised training and certification before being attached to CNG conversion centres across the country.
The programme is expected to serve as a pilot for broader youth-focused skills development initiatives as the Federal Government continues to seek ways of linking national service with employment, entrepreneurship and emerging economic opportunities.
FG to Attach 300 NYSC Corps Members to CNG Workshops for Skills Training
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