Peter Obi Renews Call for Tinubu's Resignation Over Alleged 'Grand Corruption'

Peter Obi, the presidential candidate for the Nigeria Democratic Congress (NDC) in the 2027 election, has renewed his call for President Bola Tinubu's resignation. Obi alleges that revelations of "grand corruption" under the current administration make Tinubu's continued leadership untenable.

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The grand corruption being revealed daily in this regime supports why the president should resign.

Obi's demand follows his concerns over an alleged N8.83 trillion expenditure in the 2025 fiscal year that he claims is not reflected in the approved federal budget. The former Anambra State governor stated on his X account that this situation proves the Tinubu administration's failure in governance, accountability, and ensuring the welfare of Nigerians.

Citing findings from an International Monetary Fund (IMF) consultation report, Obi described the alleged unbudgeted expenditure as a grave violation of public finance management principles. "The IMF now reveals that about N8.83 trillion in expenditure undertaken in 2025 is not reflected in the budget," Obi said. "This expenditure is not budgeted and is therefore outside legislative oversight or administrative scrutiny."

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The IMF now reveals that about N8.83 trillion in expenditure undertaken in 2025 is not reflected in the budget. This expenditure is not budgeted and is therefore outside legislative oversight or administrative scrutiny.

Obi highlighted the alarming scale of the figure, noting it represents approximately 2% of Nigeria's GDP and over 35% of the 2025 capital project budget. He contrasted this with the combined budgets for education and health, suggesting that proper utilization of such funds could significantly transform these sectors and foster job creation.

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This is horrible. N8.83 trillion is approximately two per cent of our GDP and over 35 per cent of Nigeria’s 2025 N23.96 trillion capital project budget. In fact, the amount exceeds the actual capital funding released for 2025. It is more than the total combined budget for education (N3.52 trillion) and health (N2.38 trillion).

The opposition leader further alleged that this is not an isolated incident but part of a recurring pattern of financial mismanagement characterizing the current administration. He warned that the erosion of due process in public finance poses a threat to Nigeria's economic development.

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This is not an isolated incident; it is part of a pattern of grand corruption that characterises this administration.