05/07/2026
Nigeria Democratic Congress presidential candidate, Peter Obi, has called on President Bola Ahmed Tinubu to resign, citing what he described as widespread corruption and poor fiscal management following claims that about ₦8.83 trillion spent in 2025 was not captured in the national budget.
Reacting to the International Monetary Fund's (IMF) consultation report, Obi alleged that the expenditure was carried out outside the approved budget, arguing that it was not subjected to legislative oversight or administrative scrutiny. He described the development as a serious threat to transparency, accountability, and Nigeria's economic stability.
According to Obi, the ₦8.83 trillion represents about 2 per cent of Nigeria's Gross Domestic Product (GDP) and is more than 35 per cent of the country's ₦23.96 trillion capital expenditure budget for 2025. He also claimed the amount exceeds the combined allocations to the education and health sectors, arguing that it could have significantly improved infrastructure, healthcare, education, and job creation if properly utilised.
The former Anambra State governor alleged that the reported spending reflects a pattern of grand corruption and disregard for due process under the current administration. He accused the government of failing to address worsening poverty and economic hardship despite its campaign promises.
Obi concluded by renewing his call for President Tinubu to resign over what he described as incompetence, lack of accountability, and failure to improve the welfare of Nigerians. He also urged citizens to lawfully demand greater transparency and accountability from the government.
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