Peter Obi questions Tinubu govt on transparency and accountability on N54.2 trillion budget<img src="passport2/1738925939.jpeg" width="350" height="200" />

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Peter Obi questions Tinubu govt on transparency and accountability on N54.2 trillion budget

Erstwhile presidential candidate of the Labour Party, LP, Mr Peter Obi, has said that 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.

We reported 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 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: â€œYesterday, I read about the increase in the Budget of Restoration to N54 trillion due to increased revenue.

â€œWhile 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 development and the well-being of the people.

â€œSuch expenditures should be directed toward critical areas of development; education, healthcare, security, and poverty alleviation.