Obi Demands Accountability Over IMF's ₦8.83tn Spending Report

Peter Obi, the President of the Labour Party and former Governor of Anambra State, has demanded accountability from President Bola Tinubu's administration following a report from the International Monetary Fund (IMF) that disclosed ₦8.83 trillion in government expenditures for 2025 that were not reflected in the national budget. Obi described this situation as evidence of grand corruption, emphasizing that the amount represents 2% of Nigeria's Gross Domestic Product (GDP) and exceeds the combined federal allocations for the education and health sectors, which are ₦3.52 trillion and ₦2.38 trillion, respectively.

He criticized the lack of legislative oversight and scrutiny over these expenditures, arguing that they indicate a pattern of financial mismanagement. Obi renewed his call for Tinubu to resign, citing a total lack of commitment to the welfare and security of Nigerian citizens.

He urged Nigerians to demand greater accountability from the government, especially in light of the IMF's findings that Nigeria's public spending is equivalent to 2% of GDP, obscuring the true fiscal deficit.