Peter Obi, the presidential candidate of the Nigeria Democratic Congress (NDC), has accused the administration of President Bola Tinubu of financial mismanagement and systemic corruption. The allegations follow reports of a multi-trillion naira discrepancy in the federal government's 2025 financial records.
In a public statement released on Sunday via his social media account, the former Anambra State governor pointed to findings from an International Monetary Fund (IMF) consultation report. He asserted that approximately ₦8.83 trillion in public expenditures carried out in 2025 was omitted from the national budget, effectively bypassing mandatory legislative oversight and administrative scrutiny.
To illustrate the scale of the uncaptured funds, Obi noted that the figure accounts for roughly two percent of Nigeria's Gross Domestic Product (GDP). Furthermore, the amount represents over 35 percent of the nation's ₦23.96 trillion capital expenditure budget for the year 2025 and surpasses the total combined budgetary allocations for the public education and health sectors.
The opposition leader argued that if these resources had been integrated into the official budget and managed properly, they could have significantly bolstered economic development, funded critical public services, and generated employment opportunities. Instead, Obi characterized the omission as part of a broader pattern of fiscal irresponsibility and a failure to adhere to standard principles of public financial management, warning that such practices threaten national economic stability and worsen poverty levels.
Citing what he described as ongoing administrative incompetence and an inability to deliver on key policy promises regarding citizen welfare and national security, Obi renewed his call for President Tinubu's resignation. He also urged Nigerian citizens to utilize lawful and democratic avenues to demand greater accountability from the government regarding the utilization of public resources.
At the time of reporting, neither the Presidency nor the Federal Government had issued an official response to the allegations.
