Alleged N8.83trn: ‘Tinubu government is grossly corrupt’, Obi

Peter Obi, the presidential candidate of the Nigeria Democratic Congress, has leveled serious accusations of gross corruption against President Bola Tinubu's administration. Obi's allegations stem from claims that a substantial amount, approximately ₦8.83 trillion, designated for 2025 expenditure, was not included in the national budget. This omission, he argues, places the funds outside the purview of legislative oversight and administrative scrutiny.

Citing findings from an International Monetary Fund (IMF) consultation report, Obi stated on his X account that this unbudgeted expenditure is "horrible." He highlighted that this sum represents about two percent of Nigeria's Gross Domestic Product (GDP) and over 35 percent of the country's ₦23.96 trillion capital expenditure budget for 2025. Obi further contended that this amount exceeds the combined allocations for the education and health sectors in the 2025 budget, suggesting a significant loss of opportunity to enhance public services, create jobs, and foster economic development.

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The recent report from the IMF consultation further raises concerns about the scale of grand corruption under the Tinubu government. The IMF now reveals that about ₦8.83 trillion in expenditure undertaken in 2025 is not reflected in the budget. This expenditure is not budgeted and is therefore not under legislative oversight or administrative scrutiny. This is horrible.

Obi characterized the situation as a pattern of financial mismanagement under the current administration, accusing the government of failing to adhere to fundamental principles of public financial management. He warned that such practices could jeopardize national stability and exacerbate poverty. Describing the Tinubu government as "grossly corrupt, incompetent and insensitive," Obi reiterated his earlier demand for President Tinubu's resignation, citing alleged incompetence, unfulfilled campaign promises, and a lack of commitment to the welfare and security of Nigerians.

The presidency and the Federal Government had not issued a response to Obi's claims at the time of reporting. Obi urged Nigerian citizens to hold the government accountable through lawful and democratic means.

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The Presidency and the Federal Government had not responded to Obi’s claims as of the time of filing this report.