Obi Slams ‘Lavish’ Expenditure in 2023 Supplementary Budget, Calls For Focus On National Welfare

November 9, 2023
Democracy Day: Nigeria In A Classical State Capture - Obi  
Peter Obi

In a scathing critique of the approved N2.17 trillion 2023 supplementary budget, former Anambra state governor and Labour Party presidential candidate, Mr. Peter Obi, lambasted the government’s allocation of funds for what he termed “lavish indulgence.”

Speaking on Wednesday on his X page (formerly Twitter)  after the budget was signed into law by President Bola Tinubu, Obi took to social media to express his dissatisfaction.

Join our WhatsApp Channel

Highlighting specific items such as the “Presidential Yacht, Presidential Jets, the furnishing of already lavishly furnished presidential quarters and offices, fleets of luxury SUVs,” Obi argued that these expenditures do not align with the urgent needs of the nation.

He asserted, “The least that Nigerians expect from the government at this difficult moment is empathy and realism, not lavish indulgence.”

READ ALSO: Lawmaker Defends Passage Of N2.17trn 2023 Supplementary Budget In 48 Hours

Obi emphasized the original purpose of a supplementary budget, stating, “A supplementary budget is a budget made for very important national welfare needs of the people which were not captured originally in the main budget or do not have adequate funding.”

He criticized the absence of items addressing urgent social welfare in the current supplementary budget.

Furthermore, the former governor argued that the funds could have been better utilized to address the looming food crisis in the country, citing warnings from the United Nations and World Food Programme that approximately 6.5 million Nigerians will face hunger next year.

President Tinubu’s signing of the budget, which includes allocations for renovating the state houses, SUVs for the First Lady, and a controversial N5 billion for a presidential yacht (later withdrawn after public outcry), has sparked widespread public condemnation.

Many Nigerians are questioning the priorities of the government, especially in the face of fiscal challenges and a growing public debt.

Obi’s outspoken criticism adds to the growing chorus of voices demanding a reevaluation of budgetary priorities and a focus on urgent national needs over what he perceives as “lavish indulgence.”

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Naira Ends Week With Marginal Gain Against Dollar
Previous Story

Naira Depreciates In Official Market, Black Market On Wednesday

Apple Co-Founder Steve Wozniak Hospitalized In Mexico
Next Story

Apple Co-Founder Steve Wozniak Hospitalized Following Health Scare In Mexico

Featured Stories

Latest from Business

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased by N475.62 billion to N123.76 trillion on Friday, February 27. According to the NGX, the market capitalisation dropped from the N124.23 trillion recorded on Thursday, February 26.Join
FCCPC Clarifies One-Month Moratorium On Exploitative Pricing Amid Economic Challenges

FCCPC Flags Possible Airline Price-Fixing During 2025 Christmas Season

Nigeria’s consumer protection agency has uncovered evidence suggesting some domestic airlines may have engaged in price fixing during the 2025 Christmas travel rush. In an interim report released Thursday, the Federal Competition and Consumer Protection Commission (FCCPC) said ticket fares during December
Naira Ends Week With Marginal Gain Against Dollar
Previous Story

Naira Depreciates In Official Market, Black Market On Wednesday

Apple Co-Founder Steve Wozniak Hospitalized In Mexico
Next Story

Apple Co-Founder Steve Wozniak Hospitalized Following Health Scare In Mexico

Don't Miss

‘Let People See Jesus In You’, Kumuyi Tells Gospel Ministers

Spirit-filled Deeper Life December Retreat Runs Concurrently With Global Crusade With Kumuyi

It is yet another season when Christians, especially worshippers at
Stop Buying Electricity Infrastructure, Transformers, Poles - Power Minister Tells Nigerians

Electricity Tariff: Minister Pledges Reduction If Exchange Rate Falls Below N1,000/$1

The Minister of Power, Adebayo Adelabu, addressed concerns about the