HomeBusinessObi renews call for Tinubu to resign after IMF flags unbudgeted spending

Obi renews call for Tinubu to resign after IMF flags unbudgeted spending

Nigeria’s opposition figure Peter Obi has renewed his call for President Bola Tinubu to resign, citing the International Monetary Fund’s disclosure that public spending equivalent to about 2 percent of gross domestic product was not captured in the country’s budget, which he said raises concerns over fiscal transparency.

The renewed criticism follows remarks by the IMF’s resident representative in Nigeria, Christian Ebeke, who said last week that around 2 percent of GDP equivalent to about N8.8 trillion in government expenditure was undertaken outside the budget framework, making Nigeria’s fiscal deficit appear smaller than its actual financing needs.

In a statement issued on Sunday via X, Obi, the presidential candidate of the Nigeria Democratic Congress (NDC), described the disclosure as evidence of what he called a pattern of “grand corruption” under the Tinubu administration.

“The IMF now reveals that about N8.83 trillion in expenditure undertaken in 2025 is not reflected in

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