The presidential candidate of the Labour Party for 2023, Mr. Peter Obi, has requested the leadership of the National Assembly as well as Bola Tinubu’s administration to explain to Nigerians the reason behind the rumoured N3 trillion extra to the legally approved national budget for 2024.
Obi underlined the significance of accountability for the nation’s limited resources entrusted to public governance, characterising the purported inclusion of this separate N3 trillion budget—which deviates from the National Assembly’s approved budget—as a breach of trust between the Nigerian people and their elected representatives.
In expressing shock at the differences, the former Anambra State governor questioned the reasoning underlying the differences.
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In a tweet posted on his X account late Sunday night, Obi expressed his deep concern, stating, “I find it deeply disconcerting and a matter of grave concern and even 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.”
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“Every naira of our budget, especially in these challenging times, should be judiciously used to build a better Nigeria,” he said.
“We also deserve full accountability of all our scarce resources placed in public trust. Therefore, we, the Nigerian people, demand a public explanation from both the National Assembly and the Presidency regarding the purpose and process of adding this alleged N3 trillion allocation to the officially approved national budget for 2024.
“Transparency and accountability remain the cornerstones of good democratic governance at all levels. This is our unwavering commitment to building a New Nigeria which we insist remains possible.” Obi stated.
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