News
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.
The Federal High Court in Abuja has sentenced the leader of the Indigenous People of Biafra, Nnamdi Kanu, to life imprisonment.
The presiding judge, Justice James Omotosho, handed down the sentence on counts one, four, five, and six, opting for life imprisonment instead of the death penalty.
The court said it was satisfied that Kanu made series of broadcasts to incite violence and killings, in furtherance of his separatist agitation for Biafra.
Trial Justice James Omotosho based his decision on what he described as “uncontroverted evidence” that was adduced before the court by the prosecution.
News
Judge Expels Kanu from courtroom
As the court prepared to deliver judgment, Kanu objected, insisting he had not filed his final written address.
Justice James Omotosho of the Federal High Court this morning, ordered Nnamdi Kanu out of the courtroom for unruly behaviour midway through Thursday’s proceedings.
The trial judge is set to deliver judgment in a case spanning ten years.
The judge had earlier dismissed three fresh motions filed by Kanu, ruling them unmeritorious.
As the court prepared to deliver judgment, Kanu objected, insisting he had not filed his final written address.
He raised his voice, accused the judge of bias, and declared that the court “did not know the law.”
Following the outburst, security operatives escorted Kanu from the courtroom. Justice Omotosho is now set to proceed with reading the final judgment in the long‑running terrorism case.
A serious accident on Thursday morning caused heavy traffic at the Otedola Bridge, just before the Lagos State Secretariat, leaving hundreds of commuters stranded.
The gridlock has severely slowed movement, disrupting the morning rush as motorists struggle to navigate the heavily congested route.
As of now, no emergency team has arrived at the scene to manage the situation or restore traffic flow.
Details later…
BREAKING: (UPDATED ) Court Sends Nnamdi Kanu Back to Jail for Life
Judge Expels Kanu from courtroom
BREAKING: Early Morning Accident Causes Major Traffic on Otedola Bridge
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