Atiku Condemns ₦8.8trillion 'Shadow Budget' Exposed By IMF Report, Demands Probe Of Tinubu Government
Former Nigerian Vice President Atiku Abubakar has accused the Tinubu administration of operating an ₦8.8 trillion 'shadow budget' outside official appropriation processes. The claim is based on an IMF report suggesting significant public expenditures were not recorded in official budgets.
Why it matters
The allegations raise serious questions about fiscal transparency, governance, and accountability within the Nigerian federal government.
According to Atiku, with Nigeria's economy valued at about ₦441.5 trillion, the figure translates to "a staggering ₦8.8 trillion in public funds spent entirely outside the statutory framework of Nigeria's official budget documents, unaccounted for, unaudited, and hidden from the Nigerian people."
The article focuses on the opposition's critique of the current administration, highlighting allegations of fiscal misconduct.
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