Obi Demands Tinubu's Resignation Over N8.83tn Allegations

Peter Obi, the presidential candidate of the Nigeria Democratic Congress (NDC) for the 2027 general elections, has renewed his call for President Bola Ahmed Tinubu to resign due to allegations of N8.83 trillion in off-budget spending. Obi's statement, issued by his spokesman Idri Ekeri Jnr, describes the current administration as corrupt and highlights financial mismanagement as a significant issue.

He refers to a report from the International Monetary Fund (IMF) indicating that the alleged expenditure for 2025 does not align with the national budget and lacks legislative oversight. Obi emphasizes that this unaccounted sum represents two percent of Nigeria's Gross Domestic Product (GDP) and exceeds the total combined federal allocations for education and health sectors.

He argues that such financial irregularities threaten Nigeria's economic stability and security, calling for greater accountability from the government. Obi maintains that the administration's failure to improve the welfare of Nigerians justifies his demand for Tinubu's resignation.