The 2023 presidential candidate of the Labour Party, Peter Obi, has disclosed that the Nigerian government under Chief Bola Ahmed Tinubu is operating four national budgets simultaneously.
Obi made this claim in a statement issued on Saturday via his official X handle, highlighting the situation as a breach of fiscal responsibility, transparency, and accountability.
The former Governor of Anambra State, emphasized that the concurrent operation of multiple budgets could lead to chaos and confusion.
He warned that such a practice would cause frivolous items in approved budgets to compete with essential projects for limited resources, worsening the suffering of Nigerians.
Obi described this action as a sign of incompetence and a detachment from reality by the country’s leaders.
He stated, “All available evidence has confirmed that the Nigerian government is implementing four national budgets concurrently. This is in blatant disregard for fiscal responsibility, transparency, and accountability. It is also a recipe for chaos, confusion, and catastrophe.
“This intentionally reckless action will lead to frivolous items in the approved budgets competing with essential projects for limited resources, further exacerbating the suffering of the Nigerian people.
It indicates that the Leaders are out of touch with reality and lack the competence to manage our nation’s finances effectively.”
Speaking further, Obi articulated, “Unfortunately, this deliberate act of fiscal recklessness is being undertaken by elected representatives of the people, thereby betraying one of the cardinal pillars of democracy. Leaders are elected to responsibly manage public resources in an organized way.
“I respectfully appeal and in fact, demand that this situation be reversed immediately in preference for a more responsible and transparent approach to budgeting. We must prioritize the needs of the Nigerian people, not the selfish interests of a few. This is a call to action for all Leaders to desist from actions that will further drive the country into economic chaos.
“Neither the National Assembly nor the executive has any excuse to promote or condone such unconscionable behaviour. We seek and insist on a nation governed by leaders who are frugal and responsible in their handling of public resources.
“This is the only way we can build a great nation,” he added.
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