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Federal Government Denies Allegations of Spending Over N8 Trillion Outside Approved Budget
Photo: Daily Trust
2026-07-05 18:09   Politics   12

Federal Government Denies Allegations of Spending Over N8 Trillion Outside Approved Budget

The Federal Government of Nigeria don come out clearly to deny say dem spend more than N8 trillion outside the approved 2026 budget.This one na after IMF Resident Representative for Nigeria, Christian Ebeke, talk say about two percent of the country GDP go outside the budget for 2025, and e make the fiscal deficit look smaller than the real borrowing wey dem need.Many opposition leaders like Atiku Abubakar and Peter Obi react sharply.Atiku call on EFCC and ICPC to investigate the matter, while Peter Obi even demand say President Tinubu should resign.But the Minister of Finance, Taiwo Oyedele, issue statement on Sunday wey e sign personally.E talk say the IMF comment don dey misrepresented and no evidence dey to support the shadow budget claim.

Oyedele explain say all government spending must follow Appropriation Acts and Supplementary Appropriation Acts wey National Assembly pass according to the Constitution.E add say some capital projects na multi-year and dem fit rollover, but na still within approved laws, no be secret spending.The government stress say dem no get any unofficial budget and all withdrawals follow Sections 80 to 83 and 162 of the Constitution.Dem challenge anybody wey get evidence to bring am out instead of just conjecture.Oyedele talk say the FG dey committed to transparency, prudent management and reforms wey even IMF and other bodies don acknowledge.E warn say public debate suppose based on facts, not mischaracterisation.Nigerians dey follow the matter closely as e involve public funds and accountability for this economy wey dey face plenty challenges.

Full reading at Daily Trust

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