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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.

Crime

Deadly Explosion Rocks Mosque in Maiduguri, Killing Several Worshippers

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A suspected improvised explosive device (IED) detonated inside a mosque at Gamboru Market in Maiduguri, the capital of Borno State, on Wednesday evening, killing several worshippers and injuring others during Maghrib prayers.

The blast occurred around 6:00 p.m. local time, ripping through the crowded mosque and sparking widespread panic in the bustling market area.

Eyewitnesses described thick smoke billowing from the site as traders and residents fled, while others rushed to aid the victims.

Reports indicate at least seven people were killed, though official casualty figures are yet to be confirmed as rescue operations continue. Security forces, including the Police Explosive Ordnance Disposal (EOD) unit, quickly cordoned off the area for sweeping operations and investigations.

No group has claimed responsibility, but the attack bears the hallmarks of previous incidents linked to Boko Haram or its offshoot, Islamic State West Africa Province (ISWAP), which have targeted mosques and crowded places in the region despite relative calm in Maiduguri in recent years.

The incident, occurring on Christmas Eve, has heightened fears among residents amid ongoing insurgency challenges in northeast Nigeria.

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LASEMA gives update on Lagos Island Inferno

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Emergency responders are battling an intense inferno that has engulfed the 22-storey Great Nigeria Insurance House on Martins Street, Lagos Island, on Christmas Eve, with the blaze showing rapid upward momentum.

According to a situation report from the Lagos State Emergency Management Agency (LASEMA), the fire originated in an apartment on the 4th floor and quickly spread across that level before escalating upwards to the 6th floor.

LASEMA’s Permanent Secretary, Dr. Olufemi Damilola Oke-Osanyintolu, stated that the Shark Response Team found the building fully engulfed upon arrival.

The number of casualties remains unascertained as firefighting and recovery operations are ongoing.

Multiple agencies are on the ground in a coordinated effort, including LASEMA Response Team, Lagos State Fire and Rescue Service, Federal Fire Service, Lagos Neighbourhood Safety Corps (LNSC), Nigeria Police, Red Cross, and LRU Paramedics. The Lagos Rescue Unit (LRU) Fire has also been activated.

A total of six fire trucks and a skylift are deployed to combat the blaze and bring it under control.

This incident disrupts festive activities in the commercial hub, raising fresh concerns about fire safety in high-rise buildings across Lagos.

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President Tinubu Inaugurates High-Powered APC Committee to Resolve Internal Conflicts Ahead of 2027 Elections

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President Bola Ahmed Tinubu on Wednesday inaugurated a strategic Committee on Strategy, Conflict Resolution and Mobilisation for the All Progressives Congress (APC), aimed at fostering unity and addressing internal disputes as the ruling party gears up for the 2027 general elections.

The committee, comprising prominent APC governors, federal ministers, and key stakeholders, is chaired by Yobe State Governor Mai Mala Buni, with former APC National Legal Adviser Muiz Banire serving as Member/Secretary.

Members include Senator Adamu Aliero; Nigeria Governors’ Forum Chairman and Kwara State Governor Abdulrahman AbdulRazaq; Progressive Governors’ Forum Chairman and Imo State Governor Hope Uzodimma; Governors Hyacinth Alia (Benue), Umar Namadi (Jigawa), Bassey Otu (Cross River), Abiodun Oyebanji (Ekiti), Sheriff Oborevwori (Delta), and Uba Sani (Kaduna); Rivers State Governor Siminalayi Fubara; Minister of Marine and Blue Economy Adegboyega Oyetola; Minister of State for Defence Bello Matawalle; and former Kogi State Governor Yahaya Bello.

Speaking at the inauguration in Lagos, Governor Buni thanked President Tinubu for the appointment and pledged the committee’s commitment to inclusive consultations and proactive conflict resolution.

He emphasised developing strategies that ensure aggrieved parties feel included while urging members to prioritise party interests over personal sentiments.

The move follows President Tinubu’s remarks at the APC’s 15th National Executive Committee meeting on December 19 in Abuja, where he stressed the importance of tolerance, accommodation, and cohesion to sustain the party’s progressive ideals.

This initiative signals the APC’s proactive efforts to strengthen internal harmony and mobilisation in preparation for future electoral challenges.

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