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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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Alcohol Manufacturers Seek Tinubu’s Intervention as Tension Persists with NAFDAC

“We are not criminals. We are workers. We are producers. We are taxpayers. We are Nigerians.”

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SACHETS alcohol manufacturers have again confronted the NAFDAC Lagos Office demanding that the agency reopen their sealed warehouses, indigenous factories and depots across the country.

Chanting “No Work for Us, No Work for You”, and “We are not criminals. We are workers. We are producers. We are taxpayers. We are Nigerians ,” the workers accused the agency, under the leadership of Mojisola Adeyeye, of shutting down entire manufacturing facilities instead of applying what the union termed “controlled and targeted regulation.”

They called for urgent intervention from Bola Ahmed Tinubu, the Senate, the House of Representatives, governors, traditional rulers, religious leaders, and civil society groups.

During the protest on Wednesday, Comrade Anthony Oyaga, Secretary of the Food, Beverage and Tobacco Senior Staff Association (FOBTOB), described the situation as one marked by “deep pain, growing fear, and a heavy sense of injustice.

According to the FOBTOB, multiple facilities producing sachet products and 10cl PET bottled beverages have been sealed nationwide, including warehouses containing other lawful products unrelated to the targeted items.

“This is not regulation; this is calculated economic suffocation,” said the union, adding that factories are not just buildings; they are ecosystems.”

The statement emphasised, listing transporters, raw material suppliers, distributors, retailers, market women, warehouse operators, artisans, and logistics workers as part of the affected chain.

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Senate demands sack of CAC boss, over defiance of summons

…The CAC head had never personally appeared before the committee, often citing official engagements or foreign trips as reasons for his absence.

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The Senate Committee on Finance on Thursday called on President Bola Tinubu to sack Hussaini Magaji, the Registrar-General of the Corporate Affairs Commission (CAC), over what the lawmakers described as his persistent refusal to honour invitations to appear before the panel.

The committee made the recommendation citing Magaji’s repeated absence from its sessions, where he was expected to provide explanations on the commission’s revenue profile and operational performance since he took over the office.

The lawmakers noted that despite several summons, the CAC boss has consistently failed to show up in person.

Sani Musa, the Committee Chairman, announced the resolution during a budget defence session attended by Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, and Atiku Bagudu, the Minister of Budget and Economic Planning, who appeared before the panel to present their proposals for the 2026 fiscal year.

Other chief executives under the committee’s supervision, including representatives of the Nigeria Revenue Service, the Tax Ombudsman Office, the Nigerian Customs Service and the Office of the Attorney-General of the Federation were present at the hearing.

However, the CAC Registrar-General did not attend and instead delegated a subordinate officer to represent the commission.

The recommendation for Magaji’s removal was moved by Orji Kalu, representing Abia North.

The former Abia State governor expressed frustration over what he described as the registrar-general’s consistent disregard for the committee’s invitations.

Kalu argued that if cabinet ministers, who occupy higher constitutional offices, could respond to legislative summons, there was no justification for the CAC chief to repeatedly decline appearances.

“This man is not above the law,” Kalu said during the session.

“The ministers of finance and budget are here because we invited them. Yet this registrar-general believes he is bigger than the Senate. That cannot continue.”

He further said that since his return to the Senate, the CAC head had never personally appeared before the committee, often citing official engagements or foreign trips as reasons for his absence.

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Oluremi Tinubu Bags Warri Traditional Title ‘Utukpa-Oritse of Warri Kingdom’

The First Lady of Nigeria Senator Oluremi Tinubu whose mother hails from Warri in Delta State was conferred with the traditional title of Utukpa-Oritse of Warri Kingdom alias Ugbone meaning the Light of God.

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Nigeria’s First Lady, Senator Oluremi Tinubu has been conferred with the title, Utukpa-Oritse of Warri Kingdom, by Olu of Warri Ogiame Atunwatse III.

Busola Kukoyi, SSA Media to the First Lady of the Federal Republic of Nigeria, said that the title was conferred on the First Lady during her homecoming to Warri Kingdom in Delta State where she was received by the paramount ruler of the Kingdom, Olu of Warri Ogiame Atunwatse III.

“The Olu of Warri, Ogiame Atunwatse III in his remarks urged everyone that by doing away with past hurts and grievances, there would be peace, progress and prosperity.

The monarch stated that the entire kingdom is proud of the First Lady of Nigeria.

He said:

“We are proud of who you are, who you have become.

Our women know how to take very good care of their husbands. Thank you for being a very good example to our girls and women”.

The First Lady of Nigeria Senator Oluremi Tinubu whose mother hails from Warri in Delta State was conferred with the traditional title of Utukpa-Oritse of Warri Kingdom alias Ugbone meaning the Light of God.

In Picture: L-R Former Governor of Delta State, Dr Ifeanyi Okowa, First Lady of Delta State Deaconess Tobore Oborevwori, the Olu of Warri Kingdom, Ogiame Atunwatse III, First Lady of Nigeria Senator Oluremi Tinubu and the Delta State Governor, Rt Hon Sheriff Oborevwori during Senator Tinubu’s conferment with the title,Utukpa-Oritse of Warri Kingdom by the Olu of Warri Kingdom on Thursday 26th February 2026.

In her remarks, Senator Oluremi Tinubu called for more unity across the nation among citizens

The First Lady specifically appealed to the people of the kingdom to come together, irrespective of their differences.“the bible tells us in Psalm 133 verse 1 to 3 that it is pleasant to dwell together in unity, for there is where God commanded blessings”.

She assured the people who turned out in their numbers of continued support and commitment of government, noting that the state governor had been doing a good job so far in the State.

Senator Oluremi Tinubu once again, on behalf of the Renewed Hope Initiative RHI donated a sum of fifty million naira to 1000 women petty traders.

Earlier, the State Governor Rt Hon Sheriff Oborevwori explained that the First Lady who had visited the state three times, and twice when he was still in another political party and now when he had crossed over to APC, had shown tremendous love and sincerity in the care of Nigerians by this.“

She has a large heart and those visits where she flagged off the women petty traders empowerment and the launch of the free to shine campaign encouraged me to make up my mind.

May God continue to empower you to continue to put smiles on the faces of more Nigerians.”

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