Thank you Mr president.π
Three months ago, when the IGP unveiled a framework for state police, I kicked against it.
My argument was straightforward: the police cannot be the architects of their own reform.π€
A reform as consequential as state policing must be driven by the Presidency, constitutional experts, and other critical stakeholders π€· not the institution being restructured.
Today, President Bola Ahmed Tinubu has taken the right approach by inaugurating the Presidential Working Group on the National Policing Bill to develop the legal framework for state police implementation.
The woman came online because she wants to save her marriage and her business at the same time. You mentioned that if she were your sister, you would advise her to leave the man. It is easy to advise a woman to leave when you are looking at it from the outside.
But as someone who grew up watching my father mediate, I learned early that you must solve the problem the person brought to you. She did not ask for the fastest route to a divorce lawyer. She asked how to stay.
No matter how bad the husband may seem to us because of what she said about him, she is still begging to stay with him. We should not forget that.
I just needed to clear the air. I am not advocating for any woman to hand over her hard work to a man who mismanaged his own. I am giving a survival strategy to a woman trying to manage a crisis without losing her home.
We are on the same page on the facts, egbon, we just approached her plea from different angles.
Thanks so much for your admonition ππΏππΏ
TINUBU warned you then to leave his Chief of Staff alone and stop all your propaganda against him. He told you he has chosen the person he wants but you didn't give up. Now that investigation is unraveling your plot with Adeniyi, you're running helter skelter to ensure that your secret is not exposed. Too late!
Centre for the Protection of Private Enterprise said βthe Nigeria economy entered the second half of 2026 with its strongest macroeconomy fundamentals in many years and much strengthened INVESTORS Confidence than at the beginning of the yearβ.
2: @PeterObi@UtomiPat@atiku should read this report.
If you consider a Man too poor to be worthy of your love.
And another man considers you too old to be deserving of love.
I do not see the problem. It is all about preferences.
Your right to always date the financially competent is parallel to his right to always date the biologically advantaged. I do not see the reason for the protest.
In any case, that is one man's opinion, one he has a right to. There are many men who will disagree - Go to them.
And while you are at it, kindly extend to struggling men the same grace you expect others to extend to you. Do not judge every man by the temporary emptiness of his pocket, just as you do not wish every woman to be judged by the calendar.
Good Evening Severally...
FG DOES NOT OPERATE SHADOW BUDGET: ππππππππ ππ ππππππ ππππππππππππππππππ ππ ππππππ πππππππππππ
The Federal Government has noted recent public commentary alleging that approximately two percent of GDP amounting to over β¦8 trillion was spent outside the approved budget based on references to the IMF Representative in Nigeria and the Fund's 2026 Article IV Consultation Report.
These claims are incorrect and risk misleading the public regarding the government's financial management.
For the avoidance of doubt, the Federal Government does not operate a "shadow budget" or expend public funds outside the constitutional and statutory framework established for public finance.
Under Sections 80 - 83 and 162 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), public funds may only be withdrawn and expended in accordance with the Constitution and laws enacted by the National Assembly. Accordingly, Federal Government expenditure is incurred pursuant to duly enacted Appropriation Acts, Supplementary Appropriation Acts, and other statutory authorities enacted by the National Assembly. In addition, multi-year capital projects which necessarily span multiple budgets are implemented in accordance with extant laws and approved provisions for capital rollovers where applicable. These are recognised features of public financial management and should not be misconstrued as expenditures outside the budget.
It is inaccurate to suggest that trillions of naira have been secretly spent outside legislative approval. Such allegations should have identified the specific projects purportedly executed without appropriation or legal authority and present credible evidence in support of the claim. To be meaningful, assertions of this magnitude must be supported by verifiable facts rather than conjecture.
For the purpose of public education, it is important to distinguish between appropriation, expenditure authorisation, financing, and fiscal reporting.
Nigeria's public finance framework contains several statutory transfers, first-line charges and intervention mechanisms established by Acts of the National Assembly. These include, among others:
- Statutory allocations and contributions to development commissions and other agencies created by law.
- Cost of collection and cost of administration retained by designated revenue-collecting agencies as expressly provided under relevant legislation.
- Capital expenditure approved in separate budgets for some agencies and the Federal Capital Territory by the National Assembly.
- Special interventions approved by law to address national priorities such as security, infrastructure, disaster response, and other strategic national programmes or emergencies.
- Debt service obligations and other statutory transfers that are authorised under applicable legislation.
These expenditures are neither secret nor illegal. They are established by law, disclosed in various fiscal reports, and subject to applicable oversight, audit and accountability mechanisms. Their treatment for reporting purposes may differ from their presentation in the annual Appropriation Act, particularly under international statistical and reporting standards adopted by the Federal Government. Such classification differences should not be misrepresented as evidence of unlawful expenditure.
It is equally incorrect to suggest that the reported amount represents an increase in budget deficit. A fiscal deficit is determined by the relationship between total government revenues and total government expenditures. Whether a capital project is financed through annual appropriations, supplementary appropriations, statutory transfers, approved intervention mechanisms, or other lawful financing arrangements does not, by itself, increase the fiscal deficit.
Indeed, the IMF's observation relates primarily to the comprehensiveness, timing and presentation of fiscal reporting rather than the legality of expenditure. Like many countries, Nigeria continues to strengthen the alignment between budget presentation and international fiscal reporting standards as part of ongoing public financial management reforms. As a matter of fact, His Excellency, President Bola Ahmed Tinubu, GCFR had himself formally requested the National Assembly to end the practice of running multiple and overlapping budgets, and rather harmonise into a single, cohesive framework during his presentation of the 2026 Appropriation Bill to a joint session of the National Assembly on December 19, 2025.
The Federal Government remains firmly committed to prudent fiscal management, transparency and accountability. Recent reforms have significantly strengthened public financial management with ongoing improvements in budget assumptions and credibility, transparent revenue administration, digitalisation of government financial processes, and stronger treasury management. These reforms have been acknowledged by the IMF itself and other multilateral institutions, as well as international credit rating agencies, major media organisations and investors.
Public debate is both welcome and essential in a democratic society. However, it should be based on facts and an accurate understanding of Nigeria's constitutional and fiscal framework. Mischaracterising technical observations as evidence of unlawful expenditure neither advances informed public discourse nor strengthens democratic accountability.
The Federal Government will continue to uphold the rule of law, maintain transparency in the management of public resources, and work with the National Assembly, oversight institutions, development partners and the Nigerian people to further strengthen fiscal governance in line with international best practices.
ππͺπ¨π―π¦π₯:
Taiwo Oyedele
Honourable Minister of Finance and Coordinating Minister of the Economy
Federal Republic of Nigeria
FG Denies β¦8tn Off-Budget Spending Claim, Says IMF Comments Misrepresented
The Federal Government has dismissed claims that it spent about two per cent of Nigeriaβs Gross Domestic Product (GDP)βestimated at over β¦8 trillionβoutside the approved budget, describing the reports as a misrepresentation of comments made by the International Monetary Fund (IMF) Resident Representative in Nigeria and the organisationβs 2026 Article IV Consultation Report.
https://t.co/CVFLbzaCOZ
*ATTENTION!!!*
Before you join the noise about the β¦8.83 trillion "unrecorded spending" the IMF flagged read what it actually means first.
The IMF's own representative Christian Ebeke said this money was tied to large government capital projects roads, infrastructure, power that were executed but not captured in the formal budget documents. Not stolen. Not missing. Just not reported in the right column.
Think of it like this you see the road in front of your house being built. That construction cost money. But if the receipt was filed under the wrong department, the IMF will flag it as unrecorded. The road is there. The work was done. The paperwork was just messy.
That's Nigeria's budget reporting problem. Not a theft problem. A transparency problem.
The Finance Ministry itself confirmed that Nigeria recorded β¦11.59 trillion in capital expenditure in 2024 84% of the approved capital budget. The roads you see being built, the infrastructure projects happening across states that money went there.
The IMF even acknowledged that the government has already started fixing the reporting gap through budget legislation reform.
Now look at who is screaming loudest about this Atiku. The same man who was Vice President for 8 years under Obasanjo, a government that had far worse fiscal transparency issues and never built half of what this government has built in 3 years.
The problem is real budget reporting needs to improve. But the narrative that β¦8.83 trillion is missing is a lie designed for 2027 campaign against President Tinubu.
Don't let them use your emotions against your intelligence. π
Before Awolowo - There was Herbert Macaulay.
Before Tafawa Balewa - There was Ahmadu Bello.
Before Nnamdi Azikwe - There was again Herbert Olayinka Macaulay...
Hope you understand now?
Thanks for your attention to the matter.
PRESS RELEASE
FEDERAL MINISTRY OF FINANCE
5 July 2026
ππππππππ ππ ππππππ ππππππππππππππππππ ππ ππππππ πππππππππππ
The Federal Government has noted recent public commentary alleging that approximately two percent of GDP amounting to over β¦8 trillion was spent outside the approved budget based on references to the IMF Representative in Nigeria and the Fund's 2026 Article IV Consultation Report. These claims are incorrect and risk misleading the public regarding the government's financial management.
For the avoidance of doubt, the Federal Government does not operate a "shadow budget" or expend public funds outside the constitutional and statutory framework established for public finance.
Under Sections 80 - 83 and 162 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), public funds may only be withdrawn and expended in accordance with the Constitution and laws enacted by the National Assembly. Accordingly, Federal Government expenditure is incurred pursuant to duly enacted Appropriation Acts, Supplementary Appropriation Acts, and other statutory authorities enacted by the National Assembly. In addition, multi-year capital projects which necessarily span multiple budgets are implemented in accordance with extant laws and approved provisions for capital rollovers where applicable. These are recognised features of public financial management and should not be misconstrued as expenditures outside the budget.
It is inaccurate to suggest that trillions of naira have been secretly spent outside legislative approval. Such allegations should have identified the specific projects purportedly executed without appropriation or legal authority and present credible evidence in support of the claim. To be meaningful, assertions of this magnitude must be supported by verifiable facts rather than conjecture.
For the purpose of public education, it is important to distinguish between appropriation, expenditure authorisation, financing, and fiscal reporting.
Nigeria's public finance framework contains several statutory transfers, first-line charges and intervention mechanisms established by Acts of the National Assembly. These include, among others:
- Statutory allocations and contributions to development commissions and other agencies created by law.
- Cost of collection and cost of administration retained by designated revenue-collecting agencies as expressly provided under relevant legislation.
- Capital expenditure approved in separate budgets for some agencies and the Federal Capital Territory by the National Assembly.
- Special interventions approved by law to address national priorities such as security, infrastructure, disaster response, and other strategic national programmes or emergencies.
- Debt service obligations and other statutory transfers that are authorised under applicable legislation.
These expenditures are neither secret nor illegal. They are established by law, disclosed in various fiscal reports, and subject to applicable oversight, audit and accountability mechanisms. Their treatment for reporting purposes may differ from their presentation in the annual Appropriation Act, particularly under international statistical and reporting standards adopted by the Federal Government. Such classification differences should not be misrepresented as evidence of unlawful expenditure.
It is equally incorrect to suggest that the reported amount represents an increase in budget deficit. A fiscal deficit is determined by the relationship between total government revenues and total government expenditures. Whether a capital project is financed through annual appropriations, supplementary appropriations, statutory transfers, approved intervention mechanisms, or other lawful financing arrangements does not, by itself, increase the fiscal deficit.
Indeed, the IMF's observation relates primarily to the comprehensiveness, timing and presentation of fiscal reporting rather than the legality of expenditure. Like many countries, Nigeria continues to strengthen the alignment between budget presentation and international fiscal reporting standards as part of ongoing public financial management reforms. As a matter of fact, His Excellency, President Bola Ahmed Tinubu, GCFR had himself formally requested the National Assembly to end the practice of running multiple and overlapping budgets, and rather harmonise into a single, cohesive framework during his presentation of the 2026 Appropriation Bill to a joint session of the National Assembly on December 19, 2025.
The Federal Government remains firmly committed to prudent fiscal management, transparency and accountability. Recent reforms have significantly strengthened public financial management with ongoing improvements in budget assumptions and credibility, transparent revenue administration, digitalisation of government financial processes, and stronger treasury management. These reforms have been acknowledged by the IMF itself and other multilateral institutions, as well as international credit rating agencies, major media organisations and investors.
Public debate is both welcome and essential in a democratic society. However, it should be based on facts and an accurate understanding of Nigeria's constitutional and fiscal framework. Mischaracterising technical observations as evidence of unlawful expenditure neither advances informed public discourse nor strengthens democratic accountability.
The Federal Government will continue to uphold the rule of law, maintain transparency in the management of public resources, and work with the National Assembly, oversight institutions, development partners and the Nigerian people to further strengthen fiscal governance in line with international best practices.
Signed:
Taiwo Oyedele
Honourable Minister of Finance and Coordinating Minister of the Economy
Federal Republic of Nigeria