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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
Anthony Joshua’s accident caused by over speeding – FRSC
The FRSC Ogun Sector Command revealed that five adult males were involved in the crash., adding that two of the occupants who died on the spot were foreign nationals.
Photo: FRSC officials at the scene of the accident. Credit: FRSC
The Federal Road Safety Corps has confirmed that excessive speed and wrongful overtaking led to the crash involving British-Nigerian boxing champion, Anthony Joshua, along the Lagos–Ibadan Expressway on Monday.
The Corps Public Education Officer, Assistant Corps Marshal Olusegun Ogungbemide, disclosed stated that the Lexus Jeep, which was suspected to be travelling beyond the legally prescribed speed limit on the corridor, lost control during an overtaking manoeuvre and crashed into a stationary truck well packed by the side of the road.
The FRSC Ogun Sector Command revealed that five adult males were involved in the crash., adding that two of the occupants who died on the spot were foreign nationals.
Their remains have since been deposited at the Livewell Morgue in Sagamu.
Joshua and the driver of the vehicle were rescued by security personnel attached to his convoy and taken to a hospital, where they are currently receiving medical attention.
News
JUST IN: Anthony Joshua escapes death in Ogun auto crash
An eyewitness disclosed that there were four occupants in the Lexus at the time of the crash, with Joshua seated behind the driver. While the boxer sustained minor injuries, two occupants of the vehicle reportedly died on the spot.
World heavyweight boxing champion, Anthony Joshua, narrowly escaped death on Monday after being involved in a road accident along the busy Lagos–Ibadan Expressway at Makun area of Ogun State.
Eyewitnesses said the accident occurred at about 11:00 a.m., just before Danco Filling Station, Makun, inward the Sagamu Interchange on the Ibadan axis of the expressway.
Joshua was reportedly travelling in a Lexus SUV with registration number KRD 850 HN, which collided with a stationary truck under circumstances that are yet to be fully ascertained.
The Lexus was said to be part of a two-vehicle convoy, alongside a Pajero SUV conveying his security detail.
The Lexus was said to be part of a two-vehicle convoy, alongside a Pajero SUV conveying his security detail.
An eyewitness disclosed that there were four occupants in the Lexus at the time of the crash, with Joshua seated behind the driver. While the boxer sustained minor injuries, two occupants of the vehicle reportedly died on the spot.
News
Industrialist Nuel Ojei, dies at 74, Governor Oborevwori mourns
Ojei was an outstanding entrepreneur, visionary leader and committed Deltan whose contributions to business development, job creation and philanthropy left an enduring legacy in the state and Nigeria at large,” said Oborevwori.
• Nuel Ojei.
The Founder, Executive Chairman, and Chief Executive Officer of Nuel Ojei Holdings Ltd, Emmanuel Ojei, has died at the age of 74.
Fondly and popularly known as Nuel Ojei, the businessman died on Saturday night at his hometown, Issele-Uku, in Aniocha North Local Government Area of Delta State.
His son, Chuks Ojei, confirmed the development in a statement issued on Sunday on behalf of the family.
He described the loss as a profound shock and an irreplaceable personal tragedy.
Reacting to the obituary announcement, the Delta State Governor, Sheriff Oborevwori, describes Nuel Ojei’s death as a major loss to the state and the nation.
“Ojei was an outstanding entrepreneur, visionary leader and committed Deltan whose contributions to business development, job creation and philanthropy left an enduring legacy in the state and Nigeria at large,” said Oborevwori.
In a statement issued by his Chief Press Secretary, Festus Ahon, the governor recalled that Chief Ojei, the founder of Nuel Ojei Holdings and Nuel Auto Distributors, began his business career at Rutam Motors in 1973 before he established his own companies that later became major players in Nigeria’s automotive and allied industries.
“Under his leadership, Nuel Auto Distributors, founded in 1981, emerged as the sole agent for Mazda vehicles in Nigeria and later partnered with Mercedes-Benz for authorised vehicle servicing.
“Through Nuel Ojei Holdings, he led a large indigenous conglomerate with investments in automotive, banking, construction and other sectors, providing employment opportunities for hundreds of Nigerians.“
In recognition of his contributions to business development, Delta State University awarded him an honorary Doctorate in Business Administration in 2003.
“The late Ojei was a generous philanthropist whose Nuel Ojei Foundation touched many lives through educational, health and social interventions.”
Oborevwori extended his condolences to the Ojei family, the people of Issele-Uku and the business community, praying that God would comfort them in their grief.
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