File: Former Vice President and presidential candidate of the African Democratic Congress, Atiku Abubakar.
Former Vice President and African Democratic Congress presidential candidate, Atiku Abubakar, has challenged the Bola Tinubu administration to account for public expenditure allegedly omitted from the country’s recent budgets.
He described the development as evidence of “institutional corruption” at the highest levels of government.
Reacting to the International Monetary Fund’s disclosure that Nigeria excluded public spending equivalent to two per cent of its Gross Domestic Product from recent budget documentation, Atiku said the revelation raises serious constitutional and accountability concerns that demand immediate investigation.
The IMF, in its recent assessment of Nigeria’s public finances, raised concerns over significant fiscal reporting gaps, stating that government expenditure equivalent to about two per cent of GDP was not captured in the country’s budget framework.
