Peter Obi Demands Transparency in ₦54 Trillion Budget Increase
Labour Party’s 2023 presidential candidate, Peter Obi, has called for greater transparency and accountability following the recent increase in Nigeria’s Budget of Restoration to ₦54 trillion due to reported revenue growth.
In a statement on X, Obi pointed out that while the sources of additional revenue were clearly outlined, there was no corresponding breakdown of expenditures to justify the budget hike.
“Nigerians deserve to know how public funds are allocated and spent. Transparency is key to ensuring these resources are used for national development and the well-being of the people,” he stated.
The former Anambra governor emphasized that government spending should prioritize education, healthcare, security, and poverty reduction to create a meaningful impact on citizens’ lives.
Yesterday, I read about the increase in the Budget of Restoration to ₦54 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…
— Peter Obi (@PeterObi) February 7, 2025
Obi also highlighted the lack of clarity surrounding the Renewed Hope budget, which was passed in December 2023. He urged the government to provide a full report on how those funds were utilized.
“The National Assembly should obtain and publish the full details of the 2024 budget. Nigerians need to see how these funds are being spent,” he added.
As preparations begin for the 2025 Budget of Restoration, Obi called on lawmakers and government officials to uphold transparency and accountability to maintain public trust.
“We must learn from past budgets, ensure openness, and make informed decisions for the country’s progress. Our future depends on it,” he concluded.
His remarks follow President Bola Tinubu’s announcement of an increase in the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, citing additional revenue generated by key government agencies.
Key Points:
- Peter Obi demands transparency in the ₦54 trillion budget increase.
- He questions the lack of expenditure details despite reported revenue growth.
- Calls for prioritizing education, healthcare, security, and poverty alleviation.
- Urges the National Assembly to publish full details of the 2024 Renewed Hope budget.
- President Tinubu increased the 2025 budget due to additional revenues from government agencies.
