Atiku Demands Probe Of Alleged Budget Duplications

Nigeria's former Vice President Atiku Abubakar

Nigeria’s former Vice President Atiku Abubakar has called on the National Assembly to identify officials responsible for the alleged ₦210 billion duplicated and overlapping allocations in the 2026 Appropriation Act and launch a forensic investigation into the budget.

In a statement issued on Saturday by his Senior Special Assistant on Public Communication, Phrank Shaibu, the African Democratic Congress presidential candidate said the reported irregularities reflected worsening fiscal indiscipline under President Bola Tinubu’s administration.

Atiku to N’Assembly: Name officials behind N210bn budget duplication
Atiku Demands Probe Of Alleged Budget Duplications Credit: Punch Newspaper

Atiku argued that the alleged budget duplications contradicted the government’s insistence that its economic reforms were restoring stability, despite asking Nigerians to endure economic hardship through fuel subsidy removal, exchange rate unification and other policy measures.

Advertisement

He said a government demanding sacrifice from citizens must demonstrate fiscal discipline, adding that the 2026 budget contained duplicated allocations, overlapping projects and questionable insertions that undermined fiscal responsibility.

The former vice president also criticised the administration’s handling of fuel subsidy, alleging that the Nigerian National Petroleum Company Limited’s 2024 audited financial statements showed ₦7.13 trillion was spent under “Energy security expenses,” which he claimed amounted to a continuation of petrol subsidy under another name.

Atiku warned that the alleged budget irregularities could weaken investor confidence and erode public trust, describing the national budget as the government’s most important economic policy document.

He urged lawmakers to publish all duplicated allocations, identify officials responsible, recover improperly appropriated funds and involve the Auditor-General, anti-corruption agencies and civil society groups in reviewing the budget.

According to him, budget manipulation should no longer be dismissed as clerical errors, insisting that every duplicated allocation represents lost opportunities for critical infrastructure and public services.

The Nigerian government has consistently defended its economic reforms, maintaining they are necessary to stabilise the economy, improve public finances and support long-term growth, while opposition parties argue the policies have worsened living conditions for many Nigerians.

Author

  • Toyibat Ajose

    Toyibat is a highly motivated Mass Communication major and results-oriented professional with a robust foundation in media, education, and communication. Leveraging years of hands-on experience in journalism, she has honed her ability to craft compelling narratives, conduct thorough research, and deliver accurate and engaging content that resonates with diverse audiences.

Share the Story

More From News Central TV

5 hours ago

Nigeria Renews Push for ECOWAS Unity

Nigeria has renewed its commitment to regional integration, peace, security and sustainable development across West Africa during the 69th Ordinary Session of the Economic...

Nigeria Renews Push for ECOWAS Unity
9 hours ago

Senegal’s Faye Elected ECOWAS Chairman

Senegal’s president, Bassirou Diomaye Faye, has been elected chairman of the ECOWAS Authority of Heads of State and Government. Faye emerged as the new...

Senegal’s Faye Elected ECOWAS Chairman
9 hours ago

Adeola, Obasanjo Clash Over Campaign Expenses

The All Progressives Congress governorship candidate for the 2027 Ogun State election, Senator Solomon Adeola, and former APC governorship aspirant, Senator Iyabo Obasanjo, have...

Adeola, Obasanjo Clash Over Campaign Expenses
Advertisement

Keep Up to Date with the Most Important News

Weekly roundups. Sharp analysis. Zero noise.
The NewsCentral TV Newsletter delivers the headlines that matter—straight to your inbox, keeping you updated regularly.

×