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

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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.

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Tinubu Vows to Crush Terrorism as FEC Reconvenes after Three Months

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President Bola Ahmed Tinubu has, for the first time, spoken publicly since U.S. President Donald Trump redesignated Nigeria as a Country of Particular Concern over alleged religious persecution and issued threats of military action against terrorist groups in the region.

Speaking at the Federal Executive Council (FEC) meeting in Abuja on Thursday, President Tinubu avoided direct reference to President Trump but underscored Nigeria’s resilience and growing economic credibility. He cited the overwhelming success of the country’s recent $2.35 billion Eurobond, which was oversubscribed by 453 percent, as clear proof of “strong investor confidence despite political headwinds.”

“Nigeria remains open for business. The confidence of global investors in our economy is unshaken. We will continue to engage our international partners diplomatically while working tirelessly to defeat terrorism and build a peaceful, inclusive, and resilient nation,” Tinubu said.

The Coordinating Minister of the Economy and Minister of Finance, Wale Edun, briefed the council that the Eurobond attracted $13 billion in orders, describing it as a major milestone in Nigeria’s economic reform trajectory.

He added that the next phase of the administration’s reforms would focus on removing barriers to investment, reviewing tariffs and import restrictions, and improving fiscal discipline to ensure that the benefits of the reforms reach ordinary Nigerians.

Thursday’s FEC meeting marked the first in three months, with President Tinubu also swearing in two new ministers — Dr. Kingsley Tochukwu Udeh (SAN) from Enugu State and Bernard Doro from Plateau State — bringing the cabinet back to its full complement of 48 members.

The President reaffirmed his administration’s determination to crush terrorism and violent extremism, stating that no external pressure or political distraction would deter Nigeria from safeguarding its sovereignty and national security.

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BREAKING: Tinubu Responds to Trump’s Threats, Swears in Two New Ministers

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In a high-stakes moment for Nigeria’s diplomacy and domestic political agenda, President Bola Tinubu has spoken publicly for the first time in response to threats issued by U.S. President Donald Trump — at the same time swearing in two new ministers to his Cabinet.

President Trump recently directed U.S. military planning toward Nigeria, warning that American assistance could be cut off if Nigeria continues to “allow the killing of Christians” — and even suggesting the possibility of U.S. intervention.

In response, Tinubu’s office, via Minister of Information & National Orientation Mohammed Idris, announced that the president remains calm and is taking the matter “with the depth it requires”.

The government emphasised that Nigeria is engaging via multiple channels — including religious leaders, international organisations and regional bodies — to clarify its position and dispel narratives of religious intolerance.

Analysts say the seriousness of the U.S. approach underscores global concern about Nigeria’s security and religious-freedom situation.

At a Federal Executive Council (FEC) meeting held earlier today, President Tinubu swore in:

  • Dr. Bernard Mohammed Doro (from Plateau State) to fill the vacant Ministry of Humanitarian Affairs & Poverty Reduction.
  • Mr. Kingsley Tochukwu Udeh (SAN, from Enugu State) to fill the Ministry of Science, Technology & Innovation, following the resignation of his predecessor amid allegations of certificate forgery.

Their appointments were confirmed by the Senate and came at a moment of heightened domestic and international scrutiny.

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Senate Confirms Kingsley Udeh as Minister of the Federal Republic

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The Senate on Thursday confirmed Dr. Kingsley Tochukwu Udeh as a Minister of the Federal Republic of Nigeria, following his nomination by President Bola Tinubu.

The confirmation, which was carried out in line with Section 147(2) of the 1999 Constitution (as amended), came after Udeh successfully completed all required security screenings.

President Tinubu had, in a letter to the Senate earlier in the week, sought the lawmakers’ approval for Udeh’s appointment. With the confirmation, Udeh is now set to join the Federal Executive Council.

Udeh, a Senior Advocate of Nigeria and the current Attorney General of Enugu State, faced several questions during his screening. One question from Senator Abdul Ningi (Bauchi Central) sought his view on the ongoing diplomatic tension between Nigeria and the United States, following threats by former U.S. President Donald Trump to take military action in Nigeria over alleged persecution of Christians.

Before Udeh could respond, Senate President Godswill Akpabio humorously advised him to “dodge” the politically sensitive question.

When he eventually replied, Udeh offered a measured response, noting that the issue was being handled directly by President Tinubu and emphasizing that it was “more of a diplomatic matter than a legal one.”

He commended President Tinubu for revitalizing Nigeria’s foreign relations, stressing that sustained international cooperation is key to improving the country’s global image and advancing its national interests.

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