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N54.2 trillion budget: Peter Obi questions Tinubu govt on transparency, accountability

Presidential candidate of the Labour Party, LP, Mr Peter Obi, says there is no corresponding breakdown of expenditures to justify the increase in the 2025 national budget.
The statement comes after President Bola Tinubu, on Thursday, increased the appropriation bill for the 2025 fiscal year from N49.7 trillion to N54.2 trillion.
Recall that Tinubu announced the increment in separate letters, which he forwarded to both the Senate and the House of Representatives.
Reacting to the development, Obi said that Nigerians need to know how the resources generated are being allocated for the sake of transparency and accountability.
This, he said, was to ensure that they were judiciously spent on the country’s development and the well-being of the people.
In a statement issued on Friday via his X handle, the former Anambra state Governor said Nigerians were still waiting for a detailed account of the execution and expenditures of the Renewed Hope budget passed in December 2023.
Obi further called on the National Assembly to seize this opportunity to obtain and make public the full details of the 2024 budget.
He said: “Yesterday, I read about the increase in the Budget of Restoration to N54 trillion due to increased revenue.“
While the sources of this revenue were detailed, there is no corresponding breakdown of expenditures to justify the increase.
For transparency and accountability sake Nigerians need to know how the resources generated from them are being allocated to ensure that they are judiciously spent on the country’s development and the well-being of the people.
“Such expenditures should be directed toward critical areas of development; education, healthcare, security, and poverty alleviation.“
Furthermore, Nigerians are still waiting for a detailed account of the execution and expenditures of the Renewed Hope budget passed in December 2023 to ensure that it has been properly utilized for the country’s future development and the well-being of its citizens.
“I call on the National Assembly to seize this opportunity to obtain and make public the full details of the 2024 budget of Renewed Hope budget
“Transparency in this regard is crucial for ensuring accountability, learning from past budgets, and making informed decisions for the nation’s progress.
“As we work towards passing the Budget of Restoration for 2025, let us uphold openness, accountability, and the welfare of the Nigerian people.
We owe it to ourselves, our children, and the future of our great nation.
News
BREAKING: Fire Outbreak at Afriland Tower on Broad Street, Lagos Island (Photos)

A fire outbreak is currently raging at the six-storey Afriland Tower on Broad Street, Lagos Island.

According to the Deputy Controller General of the Lagos State Fire and Rescue Service, Ogabi Olajide, the emergency call was received at exactly 1:38 PM today.
Firefighters from the Ebute Elefun and Sari Iganmu Fire Stations swiftly responded to the scene.

The blaze reportedly started in the inverter room located in the basement of the building. Thick smoke has since spread throughout multiple floors, shrouding the entire structure.
Evacuation of occupants is actively underway. Firefighting crews have successfully brought the flames under control, helping to restore calm after initial panic gripped the area.
More updates to follow.
Video link below: https://www.instagram.com/reel/DOqok93jsE8/?utm_source=ig_web_copy_link
News
UPDATE: LASEMA Promises Swift Action Following Ebute Meta Building Collapse

Lagos State Emergency Management Agency (LASEMA) has reaffirmed its dedication to protecting lives and property following the recent building collapse in Ebute Meta.
At the site on Monday evening, LASEMA’s Permanent Secretary, Dr. Olufemi Oke-Osanyintolu, announced that a thorough investigation is underway to determine the cause of the collapse. The probe will include material testing and other technical assessments by relevant authorities.
“Our top priority is safeguarding lives, and we are committed to preventing similar incidents in the future,” Oke-Osanyintolu stated. “We have mobilized all necessary agencies for a comprehensive investigation.”
He urged residents to support government efforts by complying with building regulations and reporting unsafe structures, emphasizing that enforcement requires community cooperation.
Regarding casualties, Oke-Osanyintolu said the numbers are still being confirmed. So far, six people have been rescued alive, while four have been confirmed dead. Emergency teams remain on site, conducting rescue operations with caution and professionalism.
Heavy-duty equipment has been deployed, and efforts have continued nonstop since the collapse on Friday evening.
The Permanent Secretary stressed that Governor Babajide Sanwo-Olu’s administration is committed to enforcing building codes strictly but called on residents to adhere to approved standards for their safety.
“We urge everyone to stay calm and allow rescue teams to work without disruption,” he added.
News
JUST IN: Chief Imam of Owo dies at 91

The Chief Imam of Owo and Chairman of the Ondo State League of Imams and Alfas, Sheikh Ahmad Aladesawe, has passed away at the age of 91.
Kamorudeen Ishola, a Muslim leader in Owo, confirmed on Tuesday that Sheikh Aladesawe died Monday evening at the Federal Medical Centre in Owo, Ondo State.
Described as a respected Islamic scholar and community leader, the late Imam dedicated his life to advancing Islam in Nigeria.
His funeral is scheduled to take place in his hometown of Owo at 2 p.m. on Tuesday, following Islamic rites.
“May Allah accept his good deeds, forgive his shortcomings, and grant him Jannatul Firdaus,” Ishola prayed.
Before his death, Sheikh Aladesawe served as Secretary General of Imams and Alfas in the South West, Edo, and Delta States, earning widespread respect for his efforts in promoting Islamic growth and peace within Ondo State and neighboring regions.
Prayers continue for his soul to rest in eternal peace.
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