Grand Corruption Is Nigeria's Biggest Threat — Peter Obi Demands Tinubu's Resignation Over Alleged ₦8.83 Trillion Missing Expenditure

Grand Corruption Is Nigeria's Biggest Threat — Peter Obi Demands Tinubu's Resignation Over Alleged ₦8.83 Trillion Missing Expenditure

Description: Peter Obi accuses the Tinubu administration of spending ₦8.83 trillion outside the 2025 budget, citing IMF findings and calling for greater accountability and the president's resignation.

Former Labour Party presidential candidate, Peter Obi, has launched a fresh attack on President Bola Ahmed Tinubu's administration, alleging that the government spent ₦8.83 trillion outside the 2025 national budget, describing the development as evidence of "grand corruption" and a serious threat to Nigeria's future.

Reacting to the latest IMF consultation report, Obi expressed deep concern over what he described as a massive expenditure that was neither captured in the approved budget nor subjected to legislative oversight.

According to Obi, the alleged ₦8.83 trillion unbudgeted expenditure raises critical questions about transparency, accountability, and fiscal discipline under the current administration.

Why the ₦8.83 Trillion Figure Matters

Obi highlighted the significance of the amount, noting that it represents:

- Approximately 2% of Nigeria's Gross Domestic Product (GDP).

- More than 35% of the Federal Government's ₦23.96 trillion capital expenditure budget for 2025.

- An amount exceeding the combined federal allocations to education (₦3.52 trillion) and health (₦2.38 trillion).

He argued that if properly managed, such funds could dramatically improve Nigeria's healthcare system, strengthen education, create thousands of jobs through small and medium-scale industries, and accelerate national development.

"This Is Not an Isolated Incident"

Peter Obi insisted that the issue goes beyond a single financial irregularity, describing it as part of a recurring pattern of alleged large-scale corruption.

According to him, ignoring fundamental principles of public financial management weakens institutions, fuels poverty, undermines national security, and threatens the stability of the Nigerian state.

He further alleged that Nigeria's resources are being captured and mismanaged while millions of citizens continue to struggle with rising inflation, unemployment, insecurity, and deteriorating infrastructure.

Obi Renews Call for Tinubu's Resignation

Reiterating his earlier position, Obi said President Tinubu should resign, citing what he described as incompetence, poor leadership, lack of compassion, and failure to deliver on campaign promises.

He argued that recent revelations concerning public finances strengthen the need for greater accountability and responsible governance.

Obi also urged Nigerians to continue demanding transparency and accountability through lawful and democratic means.

Growing Debate Over Fiscal Accountability

The statement has intensified public debate over government spending, transparency, and fiscal accountability in Nigeria, with many Nigerians calling for greater scrutiny of public finances.

As reactions continue to trail the IMF consultation report, attention is expected to focus on how the Federal Government addresses concerns surrounding the reported expenditure and ongoing demands for improved financial accountability.

A New Nigeria Is Possible, Obi concluded.

 Peter Obi, Tinubu, ₦8.83 trillion, IMF report, Nigeria corruption, 2025 budget, APC government, fiscal accountability, Bola Tinubu, Nigeria news