₦airaland Forum

FISCAL RECKLESSNESS

FISCAL RECKLESSNESS

With the announcement that the Nigerian Senate is likely to approve the 2026 National Budget on March 17, every Nigerian is asking an important question: which budget will Nigeria use this year? Will it be the budgets for 2023, 2024, 2025, or 2026, or some combination of all these years? It is worth noting that as of last year, in our government, implementation of budget items from the 2023, 2024, and 2025 budgets was in a unique approach to budgeting, which continues to perpetuate a trend of fiscal recklessness.

President Tinubu inherited a legally signed N21.83 trillion budget for 2023. A few months after taking office, he presented a N2.17 trillion supplementary budget that faced widespread criticism for prioritising benefits for public office holders at a time when Nigerians were enduring painful economic reforms without a credible social protection framework. Instead of restoring fiscal discipline, the President repeatedly expanded the 2023 budget without a clearly defined end date.

The pattern persisted with the passage of a N35.06 trillion budget for 2024 and a N54.99 trillion budget for 2025. In less than three years, President Tinubu has exercised appropriation powers over more than N114 trillion in public spending. Yet, the government has failed to achieve even fifty per cent budget implementation, exposing a profound crisis of budget credibility. Alarmingly, until mid-2025, Nigeria was effectively operating with about three overlapping budgets, without clear legal or fiscal guidance on when each one expired or began. No serious country manages its budgets or fiscal operations in such a manner.

Even more troubling is the government’s opaque decision to repeal the 2024 and 2025 budgets and re-enact them with extended implementation timelines. Nigerians have not seen these re-enacted budgets, and there is no public information regarding the specific capital projects included or their associated costs. This is not reform; it represents fiscal obscurity elevated to the level of state policy.

The proposed 2026 budget, despite still lacking critical details, indicates that the administration has no intention of addressing the structural weaknesses at the core of Nigeria’s public finance system.

This lack of transparency is not accidental; it reflects a deliberate pattern of undermining public scrutiny and debate. The Federal Government has stopped publishing treasury reports on the OpenTreasury.gov.ng portal, dismantling a vital transparency framework inherited from the previous administration. In 2025, no budget implementation report was released, regardless of how poor the performance was!

No nation can operate with such recklessness and succeed.

Every effort must be made to quickly return Nigeria to the January-December budget cycle that was inherited and mismanaged by the current government. This change would enhance effective planning and tracking, promote transparency and accountability, and foster sustainable growth and development.

A new Nigeria is POssible! -PO

Source

Tor
Very true
I rarely see countries squander billions without anything to show for it.

Everything under this government na billion-billion.

Do you know how much 1 billion is? That's 999 million + 1 extra million.

Tinibu's govt has commonized "billions" so much, it almost is valueless.

A wasteful, and wicked government.

Nigeria is a past, present and future disaster rolled into one.

Your home state is sitting at home today, business activities paralyzed yet that's none of your business

Peter Obi, your hypocrisy stinks

Na God I wan take beg you, don't ever in your life put mouth about any happenings again in South West..

Peter obi you are yet to react or condemn what is going on in your state about sit at home.

PlasmaTV:
Tor
Very true
I rarely see countries squander billions without anything to show for it.

Everything under this government na billion-billion.

Do you know how much 1 billion is? That's 999 million + 1 extra million.

Tinibu's govt has commonized "billions" so much, it almost is valueless.

A wasteful, and wicked government.

Charity they say begins @ home, The Federal Republic of Nigeria is a federation of states & local governments, can u please give us the break down of your state budget for the last 3 years, & what u achieved with it?

If every plasma tv hypocrite like Gringory Obi held their states & local governments accountable, The federal republic of Nigeria will be a very prosperous nation.

greenermodels:
Nigeria is a past, present and future disaster rolled into one.

How did u arrive @ that conclusion, I believe u must be speaking from the reflection of your existence?

The truth is bitter.........very disorganised and wicked set of ppl in the APC

Burob:
Charity they say begins @ home, The Federal Republic of Nigeria is a federation of states & local governments, can u please give us the break down of your state budget for the last 3 years, & what u achieved with it?

If every plasma tv hypocrite like Gringory Obi held their states & local governments accountable, The federal republic of Nigeria will be a very prosperous nation.

But he's not aspiring to govern the State again. Let's face reality, our fiscal indiscipline is terrible. There's an existing law/understanding that budget should be passed before the respective fiscal year, I think we have gone back to the bad old order.
Wale Edun should buckle up. Anyway the bulk stops on PBAT tables

Lifestone:
But he's not aspiring to govern the State again. Let's face reality, our fiscal indiscipline is terrible. There's an existing law/understanding that budget should be passed before the respective fiscal year, I think we have gone back to the bad old order.
Wale Edun should buckle up. Anyway the bulk stops on PBAT tables

I am not talking of the FG & Tinubu like hypocrisy filled Gringory Obi, I asked a simple question, because we all know that Charity they say, begins @ home.

Please plasmatv disclose the state assembly passed budget of his state, and your state & local government for the last 3 years, so we can do a public vetting of its implementation.

Burob:
Charity they say begins @ home, The Federal Republic of Nigeria is a federation of states & local governments, can u please give us the break down of your state budget for the last 3 years, & what u achieved with it?

If every plasma tv hypocrite like Gringory Obi held their states & local governments accountable, The federal republic of Nigeria will be a very prosperous nation.

Chill out, dude
We are talking about Tinibu's squandering. Don't change the goal post.

yarimo:
Peter obi you are yet to react or condemn what is going on in your state about sit at home.

You won't be here ke?
Anywhere Obi's name is mentioned, you automatically get a hard-on.

Such unhealthy obsession.

Those were the exact words of former UK PM David Cameron when he called Nigeria fantastically corrupt

if it was that easy he should have made anambra a mini new york by now, he had 8 good years

Life is always beautiful on the other side.

Only if all these beautiful observations and ideas were implemented at the State level...Anambra would have been the go to template for the rest of this country by now.

It is what it is

You go cry tire. When you Agulu fraudster used state money to buy SUVs for useless traditional rulers, shey you never jam the phrase “fiscal recklessness” for dictionary?

PO’s warning deserves serious attention. Nations don’t fail only from lack of money; they fail from lack of discipline, clarity, and trust in how money is managed. Without restoring fiscal order and transparency, economic reforms will continue to feel painful, confusing, and unjust to ordinary Nigerians.

Were...
Olodo that know nothing about governance

helinues:
Your home state is sitting at home today, business activities paralyzed yet that's none of your business

Peter Obi, your hypocrisy stinks

Na God I wan take beg you, don't ever in your life put mouth about any happenings again in South West..

We are talking about a national budget here man. Focus on the issue at hand

Shouldn’t the people sometimes have the courage to tell these politicians the truth. Should it be too difficult to have January to December budget cycle?

nairalandkachy1:
FISCAL RECKLESSNESS



Source

exactly what I have been saying

yarimo:
Peter obi you are yet to react or condemn what is going on in your state about sit at home.

Is that your concern?
Soludo is the governor go and tackle him.
Deal with whatt concern u and your relatives.

Is that why we are going round in circles since 1960?

yarimo:
Peter obi you are yet to react or condemn what is going on in your state about sit at home.

Is this how shallow your mind is? APC should have a minimum entry requirement for data boys' job

Olohunofero:
Were...
Olodo that know nothing about governance

Tell us about your father

PlasmaTV:
You won't be here ke?
Anywhere Obi's name is mentioned, you automatically get a hard-on.

Such unhealthy obsession.

Hin dey always get Obi alert.. sitting and waiting nothing else

simpleseyi:
You go cry tire. When you Agulu fraudster used state money to buy SUVs for useless traditional rulers, shey you never jam the phrase “fiscal recklessness” for dictionary?

Listen to yourself. Somebody is talking about issues that concern u and your family and u are spewing trash.

They Shamelessly said he messed up Anambra state but the same Anambra state people gave him over 90 percent votes and Lagos state even prefer him over Tinubu till tomorrow.


Common join the campaign on Free Fair and Credible election in Nigeria.



🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

helinues:
Your home state is sitting at home today, business activities paralyzed yet that's none of your business

Peter Obi, your hypocrisy stinks

Na God I wan take beg you, don't ever in your life put mouth about any happenings again in South West..

Abeg, go and sit down..Your South West, does anyone know u exist there, yet u are feeling d economic pain of this dummy government which is a reality ..I think its u and ur cohorts that stinks!

Don't worry very soon, it will get to your turn

Burob:
Charity they say begins @ home, The Federal Republic of Nigeria is a federation of states & local governments, can u please give us the break down of your state budget for the last 3 years, & what u achieved with it?

If every plasma tv hypocrite like Gringory Obi held their states & local governments accountable, The federal republic of Nigeria will be a very prosperous nation.

I been wan reply but i see say na you post this kain thing
Par the course for you really