Director of the Abuja School of Social and Political Thoughts, Dr. Sam Amadi, has criticized the Federal Government’s handling of public finances, saying Nigeria operates without a transparent expenditure system.
Amadi made the remarks during an interview on Arise Television, while reacting to a recent International Monetary Fund (IMF) report that Nigeria omitted public spending equivalent to two per cent of its Gross Domestic Product (GDP) from recent budgets.
Although the Federal Government dismissed the IMF’s claims insisting that all expenditures were made within constitutional and legal frameworks Amadi argued that fiscal accountability in Nigeria remains weak.
“To be magnanimous or fair, this government has an uncontrolled, unmanaged, not transparent and unaccountable public expenditure system,” he said.
He recalled that one of the first memos under the current administration involved a request by the FCT Minister to bypass due process in procurement, which he described as a troubling precedent.
Amadi stressed that fiscal accountability requires
