BUDGET PADDING: Let every penny of our public fund be used for public good – Peter Obi



Mr Peter Obi
LP Presidential Candidate


The 2023 Presidential candidate of the Labour Party, Peter Obi has reacted again on the alleged controversial passage of the 2024 budget and the claims and counter claims of the purported budget padding amongst the Nigerian Senators.

Mr Peter Obi is disturbed by the acceptance of the Executive of budget padding of only N1.2 trillion and the fresh allegations of unbalance allocations of constituency Projects by the Senate Leadership which the whistle blower was hurriedly suspended is a great concern to the Nation.

He Urges the Senate to channel funds into the critical areas of development which will minimise the criminality we are facing at the moment.

He says:

“The fuss over the alleged N3 trillion padded into the 2024 budget raised by a Senator still rages as the Senate’s reaction of suspending the whistle-blower has not addressed vital issues emanating from the allegation”.

“The Senator is insisting on his allegation and the Executive agreed that there was only N1.2trillion padded not N3trillion as alleged by the Senator. Fresh allegations have also cropped up over indiscriminate and unbalanced allocation of constituency projects by the Senate leadership. A civic society group, Budgit, through their official, have also added their voice to agree with the Senator. They allege that there was no detailed project allocations for about N3.7trn in the 2024 Appropriation Act”.

“As the Senate suspension of the senator involved has not addressed the issue, they still owe the Nigerian public a clear clarification over the various claims and counterclaims, including that of the executive arm, to be able to know exactly what is happening, and also disclose to the public, the exact amounts allocated for constituency projects for appropriate monitoring of implementation by the public”.

“I had particularly elucidated in my earlier comment on what we can use the N3 trillion to achieve, by showing that it is more than the national budget of the two most critical components of the human development index, health and education, combined”.

“Now that the executive arm has accepted that the padded amount is only N1.2 trillion, it is still a very significant amount, when you consider that it is almost 5 times the N251.47 billion proposed for Universal Basic Education, which is the foundation of education, in the Country. Today in Nigeria, the greatest challenge to human resource development is education, which has been identified as most critical at the basic level”.

“Nigeria has about 20 million out-of-school children today because of the poor investment in education. These are resources that would have been utilised to ensure that our children are taken off the streets and returned to schools”.

“The N1.2 trillion which the executive branch admitted to have been padded, if channeled into any of the critical areas of development, could have positively impacted the nation and uplifted the people”.

“And if indeed the report from Budgit is true, that there is about N3.7 trillion without any detailed project allocations, I strongly urge the Senate to do more detailed work of channelling these funds into the critical areas of development – education, health and pulling people out of poverty, which will in turn, minimise the criminality we are facing today. We must, as a matter of urgency, put a stop to all the wastage of our scarce resources, amid the excruciating hardship in the country” his statements concludes.