Sunday, June 5, 2026 - NDC Presidential candidate, Peter Obi, has again called on President Tinubu to resign from office. Obi hinged his fresh call for President Tinubu's resignation following a recent report by the International Monetary Fund IMF which states that N8.83 trillion in expenditure undertaken in 2025 is not reflected in the budget.
Obi, in his statement, said that the revelation by the IMF
is "horrible." as the money reported by the IMF did not go through
any legislative approval. He stated that this act of the government is a
‘’pattern of grand corruption that has become part of this administration''.
Calling on President Tinubu to resign, Obi wrote
Grand
Corruption: Nigeria’s Greatest Threat.
The recent
report from the IMF consultation further raises concerns about the scale of
grand corruption under the Tinubu government. The IMF now reveals that about
N8.83 trillion in expenditure undertaken in 2025 is not reflected in the
budget. This expenditure is not budgeted and is therefore not under legislative
oversight or administrative scrutiny. This is horrible.
N8.83
trillion is as follows:
1.About 2%
of our GDP.
2.Over 35%
of Nigeria’s 2025 N23.96 trillion capital project budget. In fact, the amount
is more than the actual released capital funding for 2025.
3.It is more
than the entire combined budget for education (N3.52 trillion) and health
(N2.38 trillion).
If such an
amount is properly used and accounted for, it could transform Nigeria’s public
health and education sectors. It could create hundreds of cottage industries
that can provide jobs for thousands of graduates and build a solid foundation
for economic development. But we cannot account for it. This is not an isolated
incident.
This is a
pattern of grand corruption that has become part of this administration.
We have a
lot to worry about regarding the state of corruption under President Tinubu.
The sort of corruption that is ingrained in total disregard of elementary rules
of public finance management poses a grave danger to national security and the
stability of the Nigerian state. The capture of the Nigerian state and the
plunder of its resources are actions that undermine the basis of state
stability and deepen poverty and state failure.
This recent
revelation proves that the APC government is grossly corrupt, incompetent, and
insensitive. With the growing poverty and the urgent need for significant
upgrades to social and physical infrastructure, a responsible and responsive
government would ensure that N8.83 trillion is prudently utilised to address
these gaps. But not the Tinubu administration.
A few days
ago, I called on President Tinubu to resign from office for incompetence, lack
of capacity, lack of compassion, and failure to improve on his campaign
promises. Some people thought perhaps the call was excessive. But with the
daily revelations of pervasive corruption in this administration and its total
lack of commitment to the welfare and security of Nigerian citizens, the only
reasonable action is for President Tinubu to resign from office. The collapse
of elementary forms of due process under Tinubu and the increased evidence of
rampant looting of Nigerian public finances reinforce the need for greater
accountability. It is now time for Nigerian citizens to rise within the law and
hold this administration to account.
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