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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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LASEMA rescues 12, 3 dead bodies at Ajuwon building collapse

Dr Olufemi Damilola Oke-Osanyintolu Permanent Secretary, LASEMA, disclosed this while giving an update at the scene of the incident…

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The Lagos State Emergency Management Agency (LASEMA) said Tuesday twelve persons have been rescued alive, while three bodies have been recovered while search and rescue operations are ongoing at the collapsed building in Ajuwon, a border community between Ogun and Lagos State.

Dr Olufemi Damilola Oke-Osanyintolu Permanent Secretary, LASEMA, disclosed this while giving an update at the scene of the incident, said that following the approval of Governor, Babajide Sanwoolu, LASEMA deployed its specialised rescue team and heavy equipment to support the Ogun State Government and other responding agencies.

” Working alongside officials of the Ogun State Government, NEMA, the Nigeria Police Force, the Amotekun Corps and other stakeholders, 12 persons were rescued from the rubble and three bodies have been recovered,” he said.

According to him, the operation is now at ground zero, with responders excavating below the foundation level to ensure no victim remains trapped before the operation is concluded.

An adjoining bungalow, compromised by the collapse, will also be carefully demolished to eliminate the risk of a secondary collapse.

LASEMA commends the collaboration among all responding agencies and extends its condolences to the families of the deceased while wishing the injured a speedy recovery.

The Agency also urges property owners and developers to comply with building regulations and carry out periodic structural integrity assessments to prevent similar incidents.

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Billionaire Dangote to donate one-third of wealth to philanthropy,says daughter

According to the Bloomberg Billionaires Index, Dangote’s net worth is estimated at $35.1 billion, meaning one-third of his current fortune would amount to about $11.7 billion if maintained at that level.

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[File photo): Aliko Dangote and his daughters

Halima Dangote, the daughter of Africa’s richest man, Aliko Dangote, has revealed plans by her father to donate one-third of his wealth to charity.

Halima, a trustee of the Aliko Dangote Foundation, disclosed the arrangement in an interview with Bloomberg published on Tuesday.

According to her, the billionaire had secured his family’s support to dedicate 33 percent of his estate to philanthropy.

According to the Bloomberg Billionaires Index, Dangote’s net worth is estimated at $35.1 billion, meaning one-third of his current fortune would amount to about $11.7 billion if maintained at that level.

Explaining the decision, Halima said her father considers philanthropy central to his legacy and has embedded it into the family’s long-term succession plans.

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BREAKING: Two-Storey Building Collapses in Ajuwon, Residents Feared Trapped

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A two-storey residential building has collapsed along Baale Road (also referred to as Baale Street) near Ajuwon Bus Stop in Ajuwon/Akute, Ifo Local Government Area of Ogun State, on Monday, 27 July 2026, leaving several occupants feared trapped under the rubble.

The incident, which occurred in the Lagos-Ogun border community, triggered panic among residents and passers-by as the structure gave way unexpectedly. Crowds quickly gathered at the scene while waiting for emergency responders. Eyewitnesses described chaotic scenes of people attempting to dig through the debris by hand.

According to one eyewitness identified as Anthony, only a single male occupant managed to escape before the building became completely inaccessible. The survivor reportedly told those at the scene that his wife and children remained trapped inside.

Preliminary reports indicate that at least three people — including a grandmother, her toddler grandchild, and another man — have been rescued from the rubble and taken to hospital. Several others are still feared trapped. The exact number of people affected, including any injuries or fatalities, has not been officially confirmed by authorities at the time of reporting.

The Executive Chairman of Ifo Local Government, Hon. Idris Kusimo, has arrived at the scene and is coordinating with residents and responders. Rescue operations involving locals and emergency personnel are ongoing.

Urgent Appeal
An urgent call has gone out to the Ogun State Government, Ogun State Emergency Management Agency, relevant state fire and rescue services, the National Emergency Management Agency (NEMA), and all other emergency responders to immediately mobilise fully equipped teams to the location to rescue those still trapped beneath the debris.

Further updates will follow as official information becomes available. Residents in the area are advised to stay clear of the site to allow unhindered access for rescue teams.

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