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Former presidential candidate Peter Obi said on Saturday that Nigeria is “bleeding from within” after World Bank reports showed that ₦34.44 trillion of the country’s revenue never reached the Federation Account between 2023 and 2025.
Obi, in a post on X, said the World Bank data indicated that while Nigeria’s Federation Revenue surged to ₦84 trillion in three years, “a staggering 41% — amounting to ₦34.44 trillion — never reached the Federation Account.”
He said the sum exceeds the combined ₦34 trillion earmarked for capital projects in the 2024 and 2025 Appropriation Bills.
“This is not a mere oversight; it points to institutionalised corruption on a massive scale,” Obi wrote.
He compared the situation to the 1994 Okigbo Panel report, which found that about $12.4 billion from the Gulf War oil windfall was unaccounted for.
Obi said that report sparked public outrage, but the current situation “is met with a disquietening silence.”
“We are trapped in a lethal paradox: Earning more as a nation, yet having less to invest in healthcare, education, and infrastructure,” Obi said.
He noted that from 2025, systemic “deductions” have allowed agencies to capture more resources than entire states and even critical ministries.
“Nigeria has no business being poor,” Obi said.
“We must stop these leakages through disciplined, transparent leadership driven by character.”
He called for redirecting “hijacked resources back to the people” to move Nigeria “into the league of developed nations.”
Obi ended with a call for collective resolve to “change this corruption-infested system,” saying “a New Nigeria is Possible.”
Nigeria Is Bleeding From Within
It is deeply troubling to read recent World Bank reports indicating that, while Nigeria’s Federation Revenue surged to ₦84 trillion in just three years, a staggering 41% —amounting to ₦34.44 trillion —never reached the Federation Account. This…
— Peter Obi (@PeterObi) April 18, 2026
