The 2023 presidential candidate of the Labour Party, Peter Obi has condemned the decision by President Bola Tinubu to increase the 2025 budget from N49.7 trillion to N54.2 trillion.
In a post made on his X account, the former governor of Anambra State said increasing the 2025 Budget of Restoration due to increased revenue is not justifiable.
He said that while the sources of the revenue were explicitly detailed there appears to be no corresponding breakdown of expenditures to justify the increase.
According to Obi, for the sake of transparency and accountability to Nigerians, it is important for the executive to highlight details of how the resources generated from them are being allocated.
He also stated that this would ensure that funds are judiciously spent on Nigeria’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.
“Furthermore, Nigerians are still waiting for a detailed account of the execution and expenditures of the Renewed Hope budget passed in December 2023 to ensure that it has been properly utilized for the country’s future development and the well-being of its citizens,” Obi said.
He further called on members of the National Assembly to seize the opportunity to obtain and make public, the full details of the previous year’s budget.
“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,” Obi noted.
