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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
Reps Launch Investigation into NPF Amidst Allegations of N50 Billion Procurement Fraud

House of Representatives has resolved to investigate the alleged contract racketeering in the Nigerian Police amounting to billions of naira.
The decision was taken after a motion of urgent national importance moved by the member representing Arochukwu/Ohafia federal constituency, Abia, Rep. Ibe Osonwa during the plenary on Thursday in Abuja.
Mr Osonwa had raised concerns over the alleged award of N6 billion contact by the Nigerian Police Procurement department without due process which according to him was erosion of public trust.
“The Nigeria Police Force Procurement department allegedly awarded N 6 billion contract to Crown Natures Ltd.
By splitting it into 66 separate contracts in a deliberate attempt to circumvent the public procurement Act of 2007 particularly in procurement of uniforms,” he said.
The lawmaker who expressed concern over the violation of section 214 of the 1999 Constitution as amended by the Police, called for urgent action to address the allegation.
Mr Osonwa, further called the attention of his colleagues to undermining of the country’s internal security architecture by the Nigeria Police with its award of contract for procurement of arms to private companies in violation to procurement rules.
The Speaker, Tajudeen Abbas referred the motion to the committee on public accounts and public procurement for further legislative actions.
News
Peter Obi’s brother Lagos Property: We didn’t carry out the demolition – Omotosho
Omotoso said Obi’s allegations on the demolition are “disturbing and without facts

• Peter Obi at the scene of the demolished property
The Lagos State Government has commenced an investigation into the demolition of a property belonging to the brother of the Labour Party (LP) presidential candidate in the 2023 election, Peter Obi.
Obi had alleged that a property belonging to his younger brother was demolished in the Ikeja area of Lagos State without a court order.
Reacting to the demolition via a statement on Thursday, June 26, the Lagos State Commissioner of Information and Strategy, Gbenga Omotoso, said no agency was involved in the demolition.
Omotoso added that the investigation will help clarify the circumstances surrounding the demolition and ensure that any necessary actions are taken.
The former governor of Anambra State, in a post on his X account on Tuesday, June 24, 2025, disclosed that the property owned by his brother’s company had stood for over 15 years before it was demolished.
Omotoso said Obi’s allegations on the demolition are “disturbing and without facts”.
The commissioner stated: “We wish to categorically state that the Lagos State Building Control Agency (LASBCA) or any other arm of the Lagos State Government did not carry out the said demolition.
“Dr. Olajide Abiodun Babatunde, Special Adviser, eGIS & Urban Development, who supervises LASBCA, has confirmed that the agency was not involved in the demolition.
“The Lagos State Government is committed to upholding the rule of law and ensuring the safety and security of all residents.
“We will not tolerate any acts of lawlessness or violations of extant laws. Any individual or group found involved in such acts will be brought to justice,” he said.
News
BREAKING: President Tinubu Vetoes NDLEA Bill Due to Crime Proceeds Clause

President Bola Tinubu has declined to sign the National Drug Law Enforcement Agency Bill, 2025 into law.
The President’s decision not to sign the bill passed by both chambers of the National Assembly was contained in a letter read in the Green Chamber on Thursday during plenary.
The President, citing Section 58(4) of the 1999 Constitution (as amended), explained that the proposed law seeks to empower the NDLEA to retain a portion of the proceeds from drug-related crimes, a move he said contradicts existing financial regulations.
He noted that under the current system, “All proceeds of crime are paid into the government’s Confiscated and Forfeited Properties Account.
Disbursements to any recovery agency, including the NDLEA, can only be made by presidential approval, subject to the consent of the Federal Executive Council and the National Assembly.”
The President maintained there was no compelling reason to alter a process designed to uphold accountability through executive and legislative oversight.
Details later….
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