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Home Featured

Obi Reacts to Alleged N3trillion Budget Padding, Says It is a Shameful Act

by NationalInsight
March 11, 2024
in Featured, News
Reading Time: 1min read
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Peer Obi

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Nigerians demand a public explanation from both the National Assembly and the Presidency regarding the purpose and process of adding alleged N3 trillion allocation to the officially approved national budget for 2024.

Labour Party Presidential candidate in the last election Mr Peter Obi who said this while reacting to the alleged budget padding said it is shameful to read about the alleged N3 trillion discrepancy between the budget approved by the Nigerian Senate and the one being implemented by the presidency

“One Senator claims there is a separate budget, allegedly containing the N3 trillion, that differs from what was passed by the National Assembly. This alleged discrepancy is especially worrying because it represents over 10% of our national budget (estimated at N29 trillion and is more than the combined education (N1.54 trillion) and health (N1.38 trillion) official budgets.”

“This lack of transparency in managing public funds is a breach of trust between the Nigerian people and their elected leaders.With insecurity, hunger, poverty, inflation, and unemployment plaguing the nation, these actions are insensitive to the people’s plight. Every naira of our budget, especially in these challenging times, should be judiciously used to build a better Nigeria.”

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“We deserve full accountability of all our scarce resources placed in public trust transparency and accountability remain the cornerstones of good democratic governance at all levels.”

 

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