Grand Corruption: Nigeria’s Greatest Threat.
The recent report from the IMF consultation further raises concerns about the scale of grand corruption under the Tinubu government. The IMF now reveals that about N8.83 trillion in expenditure undertaken in 2025 is not reflected in the budget. This expenditure is not budgeted and is therefore not under legislative oversight or administrative scrutiny. This is horrible.
N8.83 trillion is as follows:
1.About 2% of our GDP.
2.Over 35% of Nigeria’s 2025 N23.96 trillion capital project budget. In fact, the amount is more than the actual released capital funding for 2025.
https://t.co/Hta3LViCB8 is more than the entire combined budget for education (N3.52 trillion) and health (N2.38 trillion).
If such an amount is properly used and accounted for, it could transform Nigeria’s public health and education sectors. It could create hundreds of cottage industries that can provide jobs for thousands of graduates and build a solid foundation for economic development. But we cannot account for it. This is not an isolated incident.
This is a pattern of grand corruption that has become part of this administration.
We have a lot to worry about regarding the state of corruption under President Tinubu. The sort of corruption that is ingrained in total disregard of elementary rules of public finance management poses a grave danger to national security and the stability of the Nigerian state. The capture of the Nigerian state and the plunder of its resources are actions that undermine the basis of state stability and deepen poverty and state failure.
This recent revelation proves that the APC government is grossly corrupt, incompetent, and insensitive. With the growing poverty and the urgent need for significant upgrades to social and physical infrastructure, a responsible and responsive government would ensure that N8.83 trillion is prudently utilised to address these gaps. But not the Tinubu administration.
A few days ago, I called on President Tinubu to resign from office for incompetence, lack of capacity, lack of compassion, and failure to improve on his campaign promises. Some people thought perhaps the call was excessive. But with the daily revelations of pervasive corruption in this administration and its total lack of commitment to the welfare and security of Nigerian citizens, the only reasonable action is for President Tinubu to resign from office. The collapse of elementary forms of due process under Tinubu and the increased evidence of rampant looting of Nigerian public finances reinforce the need for greater accountability. It is now time for Nigerian citizens to rise within the law and hold this administration to account.
A New Nigeria is POssible. -PO
He won the World Cup. They said he scored too many penalties. Now he has scored 7 goals without a single penalty . What I love about Messi is that he has a way of confusing idiots .
You added $42 billion to our national debt and added only $5 billion to our foreign reserve; and you want us to clap for you. 😂😂
Let's put this into context,
Zubairu has N1,000 in his Zenith bank account and he went to Okechukwu and borrowed N5,000.
He took N3,000 from this N5,000 loan and deposited into his Zenith bank account and the account balance increased to N4,000. And he used the remaining N2,000 to flex suya and kunu.
He now called his girlfriend Yetunde and showed her his balance of N4,000; telling her he's account balance is increasing.
Meanwhile, he is owing Okechukwu N5,000.
Is this a progress for Zubairu or backwardness?
Zubairu is Nigeria (Tinubu).
Okechukwu is World Bank.
Yetunde is the citizenry.
The day he lied down to defend a free-kick, that's when I felt that football would be kind to him. And it actually did a million times.
One reason his teammates will die on the pitch for him.
Kenneth Okonkwo said if OBIdients insults him on social media, that he will release dossier that will end Peter Obi's political carrier.
Obidients amplified the insult, as though that wasn't enough. Mr. Obi himself went to Rufai Oseni's podcast and asked Kenneth Okonkwo to release any record he had about him, even from primary school.
He also went further to say that if anyone could bring out any evidence of corruption against him, he would stop campaigning. That's audacity!
That's why many of us support him blindly.
Even though its optional, As a child…. Its okay to think Ronaldo is better than Messi. But the moment you experience puberty it ought to change. Your brain suppose don mature enough to know say you don dey fool since.