Activist and former presidential candidate Omoyele Sowore has renewed his criticism of the Federal Government’s fuel subsidy removal, arguing that the policy has failed to deliver promised economic relief and has instead worsened financial hardship for Nigerians.
Speaking during a live appearance on _Frontline, a current affairs programme aired on Eagle 102.5 FM in Ilese-Ijebu, Ogun State, on Thursday, April 23, 2026, Sowore assessed the policy’s impact on household welfare, inflation and living standards.
He said the removal of subsidy on petroleum products has triggered a sharp rise in fuel prices, with ripple effects on transportation, food prices, and essential goods and services. This, he noted, has made daily life more expensive for ordinary citizens.
“Who has benefited from the removal of subsidy? If you know anybody, please point them to me,” Sowore said.
He stated that low- and middle-income households are bearing the brunt, struggling to meet basic needs as costs surge. According to him, expectations that the policy would bring economic stability or improved efficiency have not materialized.
Sowore also raised concerns over macroeconomic indicators, citing the continued depreciation of the naira and persistently high inflation, which he said have further eroded citizens’ purchasing power.
He added that wages have not kept pace with the rising cost of living, widening the gap between income and expenses and making it increasingly difficult for many Nigerians to sustain their livelihoods.
The activist further faulted the government’s borrowing pattern, arguing that rising national debt has compounded economic pressures. He said the combination of inflation, currency depreciation and stagnant wages has created a harsh environment for both individuals and businesses.
Sowore noted that when the subsidy removal was announced, it came with assurances that savings would be redirected into infrastructure, improved public services and broader economic reforms.
