Budget Padding: Its Shameful, Says Peter Obi, Calls For Full Explanation From Presidency and Senate

The New Diplomat
Writer

Ad

FCT Police debunk claims Naval Officer Yerima was trailed after altercation with Wike

By Obinna Uballa The Federal Capital Territory (FCT) Police Command has refuted reports claiming that a naval officer, Lieutenant A.M. Yarima, survived an assassination attempt after being trailed by unidentified occupants of two unmarked Hilux vans in Kubwa on Sunday evening. Initial accounts from military sources indicated that Yarima was followed from the NIPCO Station…

Wike’s PDP camp begins fight back after expulsions, summons emergency BoT, NEC meetings

By Obinna Uballa The faction of the Peoples Democratic Party (PDP) aligned with the Minister of the Federal Capital Territory, Nyesom Wike, has called an emergency meeting of the party’s Board of Trustees (BoT) and National Executive Committee (NEC), scheduled for Tuesday, November 18, 2025. A notice issued on Monday by the factional National Secretary,…

Ad

By Ken Afor

Mr. Peter Obi, the 2023 presidential candidate of the Labour Party (LP), has described the alleged padding of the 2024 budget with N3 trillion as shameful.

Mr. Obi, who said this in a post on his verified handle, called on the presidency and the Senate to explain to Nigerians the purpose and process behind this addition of funds.

It would be recalled that Senator Abdul Ningi, representing Bauchi Central in the National Assembly, claimed that the National Assembly debated and approved a budget of N25 trillion for the year 2024, which is lower than the N28.7 trillion budget being implemented by the Federal Government.

According to Senator Ningi, a member of the Peoples Democratic Party (PDP), in an interview with BBC Hausa last Friday, Northern lawmakers consulted the help of a private auditor to scrutinize the budget and discovered irregularities in the budget.

Reacting to the development, Obi, a former Governor of Anambra state, said that the alleged discrepancy is particularly worrisome because it accounts for over 10% of the country’s national budget, which is estimated at N29 trillion.

According to him, it surpasses the combined budgets allocated for education (N1.54 trillion) and health (N1.38 trillion).

He wrote: “I find it deeply disconcerting and a matter of grave concern and even shameful to read about the alleged N3 trillion discrepancy between the budget approved by the Nigerian Senate and the one being implemented by the presidency.

“One Senator claims there is a separate budget, allegedly containing the N3 trillion, that differs from what was passed by the National Assembly.

“This alleged discrepancy is especially worrying because it represents over 10% of our national budget (estimated at N29 trillion) and is more than the combined education (N1.54 trillion) and health (N1.38 trillion) official budgets.

“We also deserve full accountability of all our scarce resources placed in public trust. Therefore, we, the Nigerian people, demand a public explanation from both the National Assembly and the Presidency regarding the purpose and process of adding this alleged N3 trillion.”

Ad

X whatsapp