Federal Govt under Tinubu running four national Budgets — Peter Obi raises the alarm
Federal Govt under Tinubu running four national Budgets — Peter Obi raises the alarm
Former presidential candidate of the Labour Party (LP) in the 2023 general elections, Peter Obi, has alleged the President Bola Tinubu-led administration of concurrently implementing four national budgets.
According to Obi, who claim to have evidence to back his allegation, he maintained that this practice severely goes against fiscal responsibility, transparency, and accountability.
The former Anambra State Governor disclosed this in a statement issued on Saturday, June 29 via his X handle.
“All available evidence has confirmed that the Nigerian government is implementing four national budgets concurrently.
“This is in blatant disregard for fiscal responsibility, transparency, and accountability. It is also a recipe for chaos, confusion, and catastrophe.
“This intentionally reckless action will lead to frivolous items in the approved budgets competing with essential projects for limited resources, further exacerbating the suffering of the Nigerian people.
“It indicates that the leaders are out of touch with reality and lack the competence to manage our nation’s finances effectively.
“Unfortunately, this deliberate act of fiscal recklessness is being undertaken by elected representatives of the people, thereby betraying one of the cardinal pillars of democracy.
“Leaders are elected to responsibly manage public resources in an organised way.
“I respectfully appeal and, in fact, demand that this situation be reversed immediately in preference for a more responsible and transparent approach to budgeting.
“We must prioritise the needs of the Nigerian people, not the selfish interests of a few. This is a call to action for all leaders to desist from actions that will further drive the country into economic chaos.
“Neither the National Assembly nor the executive has any excuse to promote or condone such unconscionable behaviour.
“We seek and insist on a nation governed by leaders who are frugal and responsible in their handling of public resources.
“This is the only way we can build a great nation.”
