Former Vice President Atiku Abubakar has questioned the management of Nigeria's economy, citing a contradiction between a reported ₦5 trillion oil windfall and a decline in the country's external reserves. In a statement issued on Saturday by his Senior Special Assistant on Public Communication, phrank Shaibu, Atiku expressed concern that the reserves were shrinking despite the windfall. He described the situation as dangerous and demanded clarity on how the oil revenue was being utilised. Atiku did not provide specific figures for the current level of reserves or the timeframe for their decline. The statement did not include details on when the ₦5 trillion was generated or which fiscal period it covered. No official response from the Central Bank of Nigeria or the Federal Ministry of Finance was included in the report. Atiku called for transparency in the management of oil revenues, stressing that the benefits were not reaching ordinary Nigerians. He urged the government to account for the funds and ensure they were applied to national development. The statement was released through his media office and did not reference any parliamentary inquiry, audit report or official data source.
Atiku highlights a disconnect between a claimed ₦5 trillion oil windfall and shrinking external reserves, yet provides no verifiable data to support either figure. The assertion that Nigerians are not benefiting from oil revenue rests on unverified claims rather than documented evidence. Without citing official reports or timelines, the argument creates more uncertainty than clarity. Nigerians are left without concrete facts to assess the true state of oil revenue allocation.
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