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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.

News

Multiple Accident on Karu Bridge Abuja (Video)

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Reports are coming in of multiple accidents which occurred on Thursday evening, November 13th on the Karu Bridge in Abuja.

Details of the accident are still emerging, but a video posted on X, shows cars in flames while eyewitnesses calls for fire fighters to put out the engulfing inferno.

Authorities are likely on the scene, and further information will be provided as it becomes available.

Motorists are advised to exercise extreme caution when approaching the area and to consider alternative routes if possible.

Video ccredit.

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Crime

Robert Mugabe Jr. Convicted of Drug Offense, Says He’s a Single Father

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Robert Mugabe Junior, 33, the son of late former president Robert Mugabe, has been found guilty of illegal possession of drugs by the Harare Magistrates Court. Magistrate Lisa Mutendereki delivered the ruling on Thursday, 13 November 2025.

Mugabe pleaded guilty to possessing two grams of dagga, admitting the offence in open court. During proceedings, he appealed to the court for leniency, revealing that he is a single father of two.

“I am a single father raising two children. I ask the court to be lenient with me,” he said.

Sentencing is scheduled for later Thursday afternoon.

Found With Dagga During Traffic Stop

The case stems from a traffic stop on 1 October 2025, when police intercepted Mugabe’s silver Honda Fit in central Harare. Officers discovered a small quantity of dagga in his bag.

Prosecutor Mandirasa Chigumira told the court the search uncovered:

  • Two sachets of dagga
  • One pack of Rizla rolling papers
  • A white dagga crusher

The total haul weighed two grams, with an estimated street value of US$30 (R550). Chigumira also noted that Mugabe had initially refused to sign the seizure receipt issued by police.

Previous Court Appearance and Bail

Mugabe first appeared in court on 2 October 2025 and spent two nights in custody before being granted bail of US$300 (R5,500). Magistrate Mutendereki ordered him to report weekly to the Criminal Investigations Department (CID) and remain at his registered address until the case concluded.

The trial has attracted widespread attention on social media, with public reactions divided over his conviction.

Police Allegations of Wider Syndicate

Earlier, the Zimbabwe Republic Police suggested Mugabe might be connected to a larger drug network. Commissioner Paul Nyathi told reporters on 2 October 2025 that authorities had recovered 25 sachets of Indo hybrid dagga and six ecstasy pills linked to a syndicate allegedly involving Phillip Munetsi Chiyangwa, Mitchel Jackson, Simbarashe Kaseke, Wellington Icube, and Tanaka Kashamba.

However, prosecutors focused solely on Mugabe’s personal possession charge in court, leaving the wider syndicate allegations unaddressed.

History of Legal Trouble

This is not Mugabe Junior’s first legal issue. In February 2023, he was arrested for allegedly damaging property at a party in Harare. That case was later dropped following compensation. His lawyer, Ashiel Mugiya, who represented him in 2023, again defended him in this case, saying:

“He accepts responsibility for what happened and has cooperated with the authorities.”

Mugabe is expected back in court Thursday afternoon for sentencing, when Magistrate Mutendereki will determine his punishment.

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Business

Nigerian govt suspends implementation of 15% petrol import duty

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The Nigerian government has suspended the planned 15 per cent import duty on premium motor spirit (PMS) and automotive gas oil (diesel). The announcement was made by George Ene-Ita, spokesperson for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), in a statement on Thursday.

The regulator urged Nigerians to avoid panic buying, assuring that there is adequate supply of petroleum products nationwide.

“It should also be noted that the implementation of the 15 percent ad valorem import duty on imported premium motor spirit and diesel is no longer in view,” NMDPRA stated.

The statement added that both domestic and imported supplies of petrol, diesel, and other petroleum products are sufficient to meet demand, especially during the peak period. The authority warned against hoarding, panic buying, or unwarranted price increases, and affirmed that it would continue to monitor supply and distribution closely.

President Bola Ahmed Tinubu had approved the 15 per cent import duty last month to encourage the use of products from Dangote Refinery. While some stakeholders supported the move as a boost for local refining, critics argued it could increase fuel prices and worsen economic hardship for Nigerians.

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