Article may be outdated

This article is 13 days old. Some details may have changed since publication.

Sahara Reporters·3 min read·hard

Atiku Condemns ₦8.8trillion 'Shadow Budget' Exposed By IMF Report, Demands Probe Of Tinubu Government

Atiku Condemns ₦8.8trillion 'Shadow Budget' Exposed By IMF Report, Demands Probe Of Tinubu Government
AI Summary

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.

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."

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →
politicseconomy

Get the full story

Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.

Create free account

Already have an account? Sign in