Former Labour Party presidential candidate, Peter Obi, has accused the Federal Government of spending ₦8.83 trillion in 2025 without reflecting it in the national budget, describing the alleged development as evidence of “grand corruption.”
Reacting to the recent International Monetary Fund (IMF) consultation report, Obi claimed the unbudgeted expenditure was carried out without legislative oversight or proper administrative scrutiny.
According to him, the amount represents about 2% of Nigeria’s GDP, exceeds 35% of the country’s 2025 capital budget, and is larger than the combined allocations to the education and health sectors.
Obi argued that the funds could have been channelled into improving healthcare, education, infrastructure and job creation instead of remaining unaccounted for.
He further alleged that the development reflects a pattern of corruption under President Bola Ahmed Tinubu’s administration, insisting the government has failed to meet Nigerians’ expectations.
“The IMF now reveals that about ₦8.83 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. If such an amount is properly used and accounted for, it could transform Nigeria’s public health and education sectors. 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 government would ensure that ₦8.83 trillion is prudently utilised. It is now time for Nigerian citizens to rise within the law and hold this administration to account,” he said.
His remarks have since sparked debate online, with supporters backing his criticism while others questioned his interpretation of the IMF’s findings.
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