₦airaland Forum

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.

DAILY POST 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’s 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: “Yesterday, I read about the increase in the Budget of Restoration to N54 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 Nigerians need to know how the resources generated from them are being allocated to ensure that they are judiciously spent on the country’s development and the well-being of the people.

“Such expenditures should be directed toward critical areas of development; education, healthcare, security, and poverty alleviation.

“Furthermore, Nigerians are still waiting for a detailed account of the execution and expenditures of the Renewed Hope budget passed in December 2023 to ensure that it has been properly utilized for the country’s future development and the well-being of its citizens.

“I call on the National Assembly to seize this opportunity to obtain and make public the full details of the 2024 budget of Renewed Hope budget.

“Transparency in this regard is crucial for ensuring accountability, learning from past budgets, and making informed decisions for the nation’s progress.

“As we work towards passing the Budget of Restoration for 2025, let us uphold openness, accountability, and the welfare of the Nigerian people. We owe it to ourselves, our children, and the future of our great nation. - PO”

Noblechykk:
This is what we call opposition without bias. Only transparency and accountability will move this country forward

casualobserver:
This is what we call ignorance the breakdown was clearly articulated.

Yankee101:
Jonathan was 4Trn
Tinubu is perhaps the biggest thief right now in Nigeria

casualobserver:
This is what we call ignorance the breakdown was clearly articulated.

“President Tinubu said the increase demonstrates his administration’s “commitment to inclusive growth and security”.

He added: “I propose that these funds be allocated to the following transformative expenditure areas:


“Solid minerals sector – N1 trillion: to support economic diversification by unlocking the potential of Nigeria’s vast solid mineral resources, which remain an untapped revenue stream and a vital pillar of non-oil growth.

“Recapitalisation of the Bank of Agriculture (BoA) – N1.5 trillion: to transform Nigeria’s agricultural landscape, ensure food security, and empower smallholder farmers and agribusinesses.“

Noblechykk:
There is always an articulated breakdown. Say something else

Myrepublic:
What has he been doing with the subsidy he removed? Una go just dey comment bullshit,just because you dey rep the useless party

adicius:
Peter Obi, lord and saviour of the man eating tribe, failed presidential aspirant, political prostitute, Agulu bastard, low I.Q dullard, C.E.O zero beer, zero achievement in 8 years as governor, dyslexic cretin, certified mumu man. You will never ever ever be president of FRON. You can bet on that 😆🤣😂.


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IpobAntidote:
Clown 🤡
We are still waiting on transparency on what pandora pathological liar Obi was doing with 250 million naira in the booth of his car.
This man claimed that he was planning a contractor with cash in 2009.
This was not 1950 or 1940, this happened in 2009.

Blind hypocrite.
vanguardngr. com/2009/07/gov-obi-in-the-web-of-n250-million-controversy/