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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

TVC News Appoints Babajide Kolade-Otitoju as News Director

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Television Continental Communications (TVC) has announced the appointment of seasoned journalist Babajide Kolade-Otitoju as its new Director of News.

The appointment was revealed by the organisation’s Group Managing Director and Chief Executive Officer, Victoria Ajayi, during a town hall meeting at the station’s headquarters in Lagos.

Otitoju, who previously served as Director of Current Affairs at TVC, brings decades of experience in broadcast journalism to the role. He is widely recognised as a prominent figure on the station’s flagship daily socio-political programme, Journalists’ Hangout, where he offers incisive analysis on national issues.

In separate interviews, several TVC staff members praised the decision, describing it as “wise” and noting that Otitoju has “paid his dues” in transforming the station. They highlighted his earlier stint as Acting Director of News, during which TVC clinched the Best Station of the Year award for two consecutive years.

Staff expressed optimism that under Otitoju’s leadership, TVC is poised to reclaim its position as a pacesetter in Nigeria’s competitive broadcast industry.

A respected investigative journalist, historian, polemicist, and political analyst, Otitoju hails from Ekirin Adde in Ijumu Local Government Area of Kogi State. As Nigeria gears up for the 2027 general elections, his new role places him at the forefront of shaping the station’s coverage of critical national discourse.

The appointment has drawn congratulations from various quarters, underscoring Otitoju’s reputation as a towering figure in Nigerian media with over three decades of excellence.

Profile:

Babajide Kolade-Otitoju, a veteran Nigerian journalist and prominent anchor on TVC News’ flagship program *Journalists’ Hangout*, is widely regarded as an investigative journalist, political analyst, and security commentator. With over three decades in broadcast journalism, he has earned awards including Political Analyst of the Year and Security Analyst of the Year.

His work often involves on-the-ground reporting, in-depth analysis of national issues, and discussions on corruption, security, and governance.

While Otitoju is frequently described as a “fearless” and “investigative” figure—known for dissecting socio-political matters without prejudice—specific standalone exposés are less prominently documented in public sources compared to his daily commentary and panel discussions.

His investigations typically emerge through *Journalists’ Hangout* segments, personal insights from sources, and field visits. Here are some key examples drawn from his reported work:- **Accountant General of the Federation Fraud (2022)**:

During a *Journalists’ Hangout* discussion on the arrest of the Accountant General for alleged embezzlement, Otitoju revealed—based on a trusted EFCC source—that the stolen amount exceeded the reported N80 billion. This claim highlighted deeper probing into the scandal.-

**Fake NGO Allegations Against TVC**: In an earlier incident, Otitoju investigated threats from a purported NGO linked to Nigerian generals.

He verified that the organization’s address was nonexistent and described its operator as a “freelance miscreant,” preventing potential misinformation from affecting his station.- **Security and Counter-Terrorism Reporting**:

Otitoju has conducted field investigations in conflict zones, including visits to military fronts like Buni Yadi in Yobe State and areas affected by Boko Haram (e.g., Sambisa Forest references in public discourse). His analyses often cover banditry, kidnappings, and terrorism financing, such as allegations that ransom payments fund property acquisitions by criminals.-

**Refinery Operations and Infrastructure**: He has personally toured facilities like the Warri Refinery to verify operational status amid public skepticism, countering claims of shutdowns with on-site evidence. Similar fact-checking extends to projects like the Mambilla Dam, where he highlighted unfulfilled allocations despite surveys.-

**Police Funding and Governance Issues**: Otitoju disclosed details on police “imprest” allowances for Divisional Police Officers (DPOs) and critiqued funding gaps, noting contributions from states and private donors like Aliko Dangote.-

**Other Topical Probes**: Discussions have included electoral reforms (e.g., electronic transmission of results), bandit designation as terrorists, anchor borrowers’ loan discrepancies (attributing misuse to politicians via fake cooperatives), and high-profile cases like the JAMB result forgery saga.Otitoju’s style emphasizes balanced analysis, source-based revelations, and direct verification, often distinguishing him in debates on national controversies.

His promotion to Director of News at TVC in December 2025 reflects recognition of this track record in reshaping the station’s credibility.

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International

UPDATE: Burkina Faso Releases 11 Detained Nigerian Air Force Personnel and Aircraft Following High-Level Talks

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Burkina Faso has released 11 Nigerian Air Force personnel and their C-130 aircraft, ending a nearly two-week diplomatic standoff triggered by the plane’s emergency landing in the country.

The release was confirmed shortly after Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, concluded a meeting with Burkina Faso’s President, Captain Ibrahim Traoré, on Wednesday in Ouagadougou.

Tuggar, acting as President Bola Ahmed Tinubu’s special envoy, delivered a message of solidarity and fraternity while addressing the incident involving the aircraft, which made a precautionary landing in Bobo-Dioulasso on December 8 due to technical issues en route to Portugal.

A statement from Alkasim Abdulkadir, spokesperson for Tuggar, described the resolution as amicable, noting that both nations resolved concerns over the Nigerian Air Force pilots and crew through constructive dialogue.

The Ministry of Foreign Affairs later confirmed the release of both the personnel and the aircraft, emphasizing sustained diplomatic engagement at the highest levels.

The incident had initially raised tensions, with Burkina Faso citing procedural irregularities in airspace authorization. Nigeria expressed regret over the matter while reaffirming respect for Burkina Faso’s sovereignty.

Officials on both sides highlighted the spirit of fraternity, with Tuggar praising the treatment accorded to the crew during their stay. Discussions also touched on broader cooperation in security and counter-terrorism.

The swift resolution underscores ongoing efforts to maintain neighborly relations amid regional challenges, with the personnel expected to return home imminently.

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Nigeria’s Foreign Minister Tuggar Delivers President Tinubu’s Message of Solidarity to Burkina Faso’s Traoré Amid Diplomatic Resolution

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In a high-level diplomatic engagement, Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, met with Burkina Faso’s President, Captain Ibrahim Traoré, on Wednesday to deliver a personal message of solidarity and fraternity from President Bola Ahmed Tinubu.

The meeting, held in the Burkinabè capital, focused on strengthening bilateral ties and addressing shared regional challenges, particularly in security and counter-terrorism efforts.

Sources confirm that the visit paved the way for the swift release of 11 Nigerian Air Force personnel and their aircraft, which had been detained following an emergency landing earlier this month.

Tuggar emphasized the longstanding historical bonds between the two nations, stating after the audience: “We exchanged views on cooperation in several sectors, including the fight against terrorism. Nigeria remains committed to sustained dialogue and enhanced regional solidarity to tackle common threats.

“A key point of discussion was the recent incident involving a Nigerian C-130 aircraft that made a precautionary landing in Bobo-Dioulasso due to technical issues.

Tuggar acknowledged procedural irregularities in the airspace authorization process, expressing Nigeria’s regret and reaffirming respect for Burkina Faso’s sovereignty and international aviation norms.

The minister also distanced the Nigerian government from controversial remarks by a domestic political figure alleging mistreatment of the detained personnel, declaring: “We clearly dissociate ourselves from those comments and express our sincere regrets to the government of Burkina Faso.

“Tuggar praised President Traoré’s administration for the “spirit of fraternity” shown toward the Nigerian crew during their stay, noting Burkina Faso’s recent successes in counter-terrorism operations.

The resolution underscores Nigeria’s preference for diplomacy in resolving regional misunderstandings, with officials highlighting ongoing collaboration despite broader sub-regional tensions.

The released personnel are expected to return home shortly, marking a positive step in Nigeria-Burkina Faso relations.

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