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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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Federal Government Denies Plans to Introduce New Telecoms or Fuel Taxes

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The Federal Government has firmly rejected recent media reports and public speculation suggesting that new taxes on telecommunications services and petroleum products are being planned or have been adopted following the release of the International Monetary Fund’s (IMF) Article IV Consultation Report on Nigeria.

In a statement issued on Tuesday, the government described the claims as inaccurate and misleading, stressing that they do not reflect its official position.

“The Federal Government is not considering the introduction of any new taxes on telecommunications services or petroleum products,” the statement read.

The government clarified that the IMF report contains only the Fund’s assessments and policy recommendations, which are not binding on Nigeria. Policy decisions, it emphasised, are made through Nigeria’s constitutional, legislative, and institutional processes, guided by national priorities and economic realities.

On petroleum products, the statement confirmed that the current Value Added Tax (VAT) waiver on fuel remains fully in effect and has not been withdrawn. It added that implementing the fuel surcharge provided for in existing law would require a specific ministerial order and publication in the Official Gazette — steps that are not being contemplated at this time.

The suspended taxes, according to the government, have helped keep domestic fuel prices below international averages and those in neighbouring countries, providing relief to Nigerian households and businesses amid global energy market volatility.

Regarding telecommunications, the government noted that the excise duty introduced before 2023 has already been repealed under the new tax laws and is no longer applicable.

The public, media organisations, businesses, and other stakeholders have been advised to disregard any reports claiming the government intends to introduce these new taxes.

The statement reaffirmed the government’s commitment to a transparent, growth-oriented tax policy framework focused on improving revenue administration, expanding economic activity, eliminating inefficiencies, and fostering a competitive environment for investment and job creation.

“Any future tax policy changes, where necessary, will be communicated through official channels and implemented strictly in accordance with the law and due process,” it added.

The statement was signed by Maryann Duke, Senior Special Assistant on Communications & Press Secretary to the Honourable Minister of Finance and Coordinating Minister of the Economy.

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Appeal Court Overrides Justice Lifu’s judgment against ADC, 4 others

The appellate court held that Justice Lifu’s action amounted to an affront on the hierarchy of courts.

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The Court of Appeal in Abuja has ordered the stay of execution of the judgment that directed the Independent National Electoral Commission (INEC) to deregister the African Democratic Congress (ADC) and four other political parties.

In a unanimous decision, a three-member panel of the appellate court led by Justice A. B. Mohammed, berated Justice Peter Lifu of the Federal High Court in Abuja for flouting an order it made on May 22, which directed him to suspend proceedings before him.

The appellate court held that Justice Lifu’s action amounted to an affront on the hierarchy of courts.

It held that the lower court’s action was “the highest form of judicial impertinence,” stressing that the Supreme Court previously held that a judge who acted in such manner “is unfit for the bench as it amounts to judicial rascality.”

“Courts are enjoined to protect their integrity.

This Court has supervisory authority over the trial court. The decision of the lower court to proceed with the judgment despite the express order of this court is a brazen violation of the hierarchy of the court and the 1999 Constitution.“

This court has the duty to invoke its powers in ensuring that its orders are made.

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Police confirms NIPSS Kuru Jos killings

The command disclosed that security has been beefed up around the facility following the attack.

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Gunmen attacked the National Institute for Policy and Strategic Studies (NIPSS) Kuru, Jos leaving three security operatives dead in the early hours of today, 16th June 2026.

This was revealed by the Plateau State Police Command Public Relations Officer, SP Alfred Alabo.

“Regrettably, three security personnel lost their lives during the incident.”

The command disclosed that security has been beefed up around the facility following the attack.

“Security reinforcements have been deployed, and patrols have been intensified around the general area by the Commissioner of Police, CP Bassey Ewah,” SP Alabo stated.

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