The recent proposal by President Bola Tinubu seeking an increase in the 2025 budget from ₦49.7 trillion to ₦54.2 trillion is still whipping up reaction, with the latest coming from Peter Obi, the former presidential candidate of the Labour Party (LP) in the 2023 election.
As we speak, Peter Obi has called for greater transparency and accountability regarding the budget.
However, Obi spoke via a post on X on Friday.
According to him, Nigerians need to know how the resources generated from them are being allocated.
This is to ensure that they are judiciously spent on the country’s development and the well-being of the people.
Did You Miss? Tinubu’s Sacked Minister, Uju Kennedy-Ohanenye Makes Grand Return To Nollywood
Furthermore, Peter Obi reminded the government that Nigerians are still waiting for a detailed account of the execution and expenditures of the Renewed Hope budget passed in December 2023.
To him, it would ensure that it has been properly utilised for the country’s future development and the well-being of its citizens.
Peter Obi’s Message
He wrote: “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 Nigerians need to know how the resources generated from them are being allocated.
“This is 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.
Message To The National Assembly
Furthermore, Nigerians are still waiting for a detailed account of the execution and expenditures of the Renewed Hope budget passed in December 2023,
Meanwhile, this is 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.
Furthermore, let them 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.
However, 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.”
