Economist and Chairman of the Alliance for Economic Research and Ethics, Dele Oye, has argued that the Federal Government's N17.5 trillion debt to the NNPC represents a disguised fuel subsidy. He asserts that the government simply shifted the financial burden into new accounting classifications like "energy security expenses" rather than eliminating it. [1]
Oye, who formerly served as the president of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), noted that the claimed removal of petrol subsidy did not end the payout. Instead, these costs were concealed in government books. [1, 2]
It is sad that this government, which has shown such disdain for everyday Nigerians that are struggling under the weight of its failures, has now chosen to extend that same disregard to honest Nigerians who have japa'd in search of better opportunities.
A government that has failed, and continues to fail, on security, the economy, healthcare, education, and virtually every measure of human dignity has no business lying to Nigerians and the world that things are better for the Nigerians in Nigeria, than they are for Nigerians abroad.
Until this government can guarantee safety, create jobs, restore economic stability, and inspire confidence at home, it should either fix Nigeria or stop lecturing Nigerians who have simply done what the government itself has failed to do: secured a better future for themselves and their families.
For perspective, and a little bit of respect, Nigeria's total oil export earnings in 2025 were US$31.5 billion, while official diaspora remittances for the same year amounted to US$21.8 billion
I reported a police officer to the Federal High Court Abuja.
Not PSPC. Not his DPO. Not his IG.
Federal High Court.
Let me tell you what he did to make me go that far.