𝗔𝘁𝗶𝗸𝘂 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗙𝗚 𝗼𝘃𝗲𝗿 𝗼𝗶𝗹 𝘄𝗶𝗻𝗱𝗳𝗮𝗹𝗹, 𝗿𝗶𝘀𝗶𝗻𝗴 𝗯𝗼𝗿𝗿𝗼𝘄𝗶𝗻𝗴

Former Vice President Atiku Abubakar has challenged the Federal Government to explain what he described as an estimated ₦7.98 trillion oil revenue windfall, questioning why Nigeria continues to rely on borrowing despite enjoying higher crude oil prices in recent months.
In a statement released on Sunday, Atiku argued that the increase in global oil prices should have generated substantial additional revenue for the country, making the government’s continued borrowing difficult to justify. He called on the authorities to provide a transparent account of how the excess oil earnings have been spent.
The former vice president also expressed concern over the pace of domestic borrowing, noting that Nigerians deserve to know why public debt continues to rise while oil revenues have exceeded budget expectations.
Atiku maintained that greater transparency and accountability in the management of oil proceeds are essential to restoring public confidence and ensuring that the nation’s resources are used to improve the economy and the welfare of citizens.
He urged the Federal Government to disclose detailed figures on the oil windfall and explain the rationale behind its borrowing strategy, insisting that prudent fiscal management remains critical to Nigeria’s long-term economic stability.