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Alleged N8trn Secret Spending: Obi Makes Fresh Demand for Tinubu’s Resignation

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By Yusuf Danjuma Yunusa

Presidential Candidate of Nigeria Democratic Congress (NDC), Peter Obi, has renewed his demand for President Bola Ahmed Tinubu to resign.

This time around, he argued that the latest disclosure by the International Monetary Fund (IMF) on Nigeria’s off-budget expenditure has reinforced concerns over accountability, corruption and fiscal management under the current administration.

Obi, in a statement issued on Sunday, hinged his renewed call on the IMF’s recent disclosure that public expenditure equivalent to about two per cent of Nigeria’s Gross Domestic Product (GDP) in 2025 was not captured in the country’s budget.

According to him, the reported expenditure, which he put at about N8.83 trillion, was undertaken outside the approved budgetary framework and therefore escaped legislative oversight and administrative scrutiny.

Describing the development as “horrible,” Obi argued that the amount represented more than one-third of the country’s 2025 capital expenditure budget of N23.96 trillion.

He further said the figure also exceeded the combined allocations to the education and health sectors in the current fiscal year.

“The IMF now reveals that about N8.83 trillion in expenditure undertaken in 2025 is not reflected in the budget. This expenditure is not budgeted and is therefore not under legislative oversight or administrative scrutiny. This is horrible,” Obi said.

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The former Anambra State governor maintained that prudent deployment of such resources could have significantly improved healthcare, education, job creation and industrial development across the country.

Instead, he alleged that the revelation reflected a recurring pattern of financial mismanagement.

“This is not an isolated incident. This is a pattern of grand corruption that has become part of this administration,” he stated.

Obi also argued that persistent disregard for established public finance procedures poses serious risks to national security, institutional stability and economic development.

He accused the administration of failing to prioritise the welfare of citizens despite worsening poverty and infrastructure deficits.

According to him, a government committed to improving living conditions would ensure that resources of such magnitude were transparently managed and channelled towards critical sectors.

The opposition figure said the latest disclosure further justified his earlier demand that Tinubu should vacate office.

He recalled that his previous call for the President’s resignation was based on “incompetence, failure to fulfil campaign promises and inability to address insecurity and economic hardship”.

Obi said subsequent developments, particularly the IMF’s disclosure, had strengthened his conviction that the administration had failed in its responsibilities.

“With the daily revelations of pervasive corruption in this administration and its total lack of commitment to the welfare and security of Nigerian citizens, the only reasonable action is for President Tinubu to resign from office,” he said.

He further urged Nigerians to lawfully demand greater accountability from those in government, insisting that public institutions must not allow due process in fiscal management to collapse.

The renewed criticism follows comments by IMF Resident Representative in Nigeria, Christian Ebeke, who said last Wednesday that about two per cent of Nigeria’s GDP was spent outside the budget in 2025, making the country’s fiscal deficit appear smaller than its actual borrowing requirements.

The IMF official said the discrepancy suggested that the government’s financing needs were higher than reflected in official budget figures.

Obi’s latest intervention also comes a day after former Vice President Atiku Abubakar called on the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to investigate the off-budget spending allegation.

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IMF to Nigeria: Don’t Bring Back Petrol Subsidy for Everyone, Help the Poor Instead

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By Yusuf Danjuma Yunusa

The International Monetary Fund (IMF) has advised Nigeria against restoring broad petrol subsidy, recommending targeted support for vulnerable households to cushion the impact of rising energy costs.

IMF said blanket petrol subsidies were expensive, often benefited higher-income consumers disproportionately and could worsen fiscal pressures amid rising borrowing costs.

Rodrigo Valdés, director of the IMF’s fiscal affairs department, spoke during a press briefing on the fund’s fiscal monitor at the 2026 annual meetings of the IMF and World Bank in Bangkok, Thailand, on Wednesday.

His comments followed a question on how the fund could recommend allowing energy prices to reflect scarcity when higher fuel prices in Nigeria could raise transport costs, worsen inflation and deepen poverty, particularly when the government was facing calls to restore petrol subsidy ahead of an election year.

“Protecting people is not the same as protecting the price of fuels,” Valdés said.

He said fuel subsidies or measures preventing prices from adjusting fully to an energy shock had cost countries between 1 percent and 1.5 percent of gross domestic product (GDP) in 2026.

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“It’s first fiscally very costly, and second, if you look at the pattern of consumption, it’s easy to see that that subsidy is readily regressive in many places,” he said.

Valdés said governments should instead use social safety nets and household data to identify people who need assistance.

“There are better tools to deal with this,” he said.

The federal government recently announced a 30-day petrol discount at Nigerian National Petroleum Company (NNPC) Limited retail stations, with priority for public transport operators, to cushion the impact of rising fuel prices.

Taiwo Oyedele, minister of finance, said NNPC retail would sell petrol at cost by foregoing its retail profit margin, describing the measure as temporary relief rather than a return to petrol subsidy.

The government also proposed negotiating a ceiling of N1,350 per litre on petrol’s ex-gantry or landing cost, subject to monthly reviews.

The IMF also recommended targeted interventions to cushion the effect of higher fuel prices on transportation costs.

Davide Furceri, a division chief in the fund’s fiscal affairs department, said governments could redirect some of the resources spent on blanket subsidies towards vulnerable consumers.

“For example, you mentioned transportation costs. Yeah, gasoline could go up, and perhaps bus fees may be subsidised in a way that is a much better policy at the end of the day than just a blanket subsidy for everybody,” Furceri said.

He also suggested alternatives such as school feeding programmes, geographical targeting and assistance for vulnerable farmers.

Furceri acknowledged that some countries lacked household registries and digital payment systems needed to deliver targeted support effectively.

However, he said governments could adopt alternative approaches in the short term while developing stronger systems.

He recommended that assistance should be limited, targeted and temporary.

Valdés explained that fuel subsidies could worsen global energy pressures by preventing demand from adjusting when supplies were constrained.

“When you subsidise, you don’t allow, at the end of the day, demand to adjust,” he said.

“And reality is that we have less fuels in the world economy. That means that someone else has to adjust more, and the market produces a higher price for that.”

The IMF official said subsidies were not only costly and regressive but could also have spillover effects on the global economy.

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Ahmad Hamisu Gwale Wins NBMA National Award for Best Male Newscaster 2026

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Kano-born journalist and broadcaster Ahmad Hamisu Gwale of Premier Radio 102.7 FM, Kano, has emerged as the winner of the Best Radio Newscaster (Male) National category at the seventh edition of the Nigerian Broadcasters Merit Awards (NBMA) 2026.

The awards ceremony was held on Saturday, 10 October 2026, at the Oriental Hotel, Lagos, bringing together broadcasting and media professionals to recognise excellence, professionalism and innovation across Nigeria’s media industry.

The annual awards featured more than 85 categories spanning television, radio and digital media.

Gwale emerged as the winner ahead of five other nominees: Gbenga Alli-Balogun of Eko FM; Nnah Douglas of Wazobia FM Abuja; Nyamgul Agaji of City 105.1 FM; Augustus “GUS” Aigbe of Cool FM; and Chike Osuji of Orient FM/IBC Owerri.

His achievement marks a significant milestone in his broadcasting career, further highlighting his work in radio news presentation and journalism.

From Sports Broadcasting to National Recognition.

Before winning the NBMA national award, Gwale received recognition from the Sports Writers Association of Nigeria (SWAN), Kano State chapter, as Best Radio Sports Presenter of the Year 2024.

The award was presented on 6 February 2025 during the association’s calendar launch in Kano, recognising his contributions to sports broadcasting.

His recognition at both the SWAN awards and NBMA reflects his professional experience across two important areas of radio broadcasting: sports presentation and news reading.

Early Life and Education

Ahmad Hamisu Gwale was born in Sani Mainagge, Gwale Local Government Area of Kano State, Nigeria.

He developed an interest in journalism and communication, which led him to pursue formal training in mass communication. He graduated from the School of Basic Mass Communication (BMC), Kano, in 2018.

He subsequently studied Computer Science at Kano State Polytechnic, completing his programme on 15 May 2026. He is currently advancing his studies in Computer Science through the Ahmadu Bello University, Zaria.

His educational background combines communication and journalism training with technical knowledge, supporting his interests in digital publishing, multimedia production and technology-driven media.

Journalism and Broadcasting Career

Gwale began his journalism career at Freedom Radio Kano in 2021 before joining Premier Radio 102.7 FM Kano in 2023.

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At Premier Radio, he has worked in different capacities, including newsreader, reporter, sports presenter and multimedia journalist. His experience covers news preparation and presentation, editorial work, current affairs reporting, sports coverage and digital content production.

His professional responsibilities and interests include presenting news bulletins, writing and editing reports, covering football competitions, conducting interviews and producing content for broadcast and online audiences.

He has also contributed to sports programmes, including Zauren Wasanni, through which audiences receive updates and discussions about sporting developments.

Through these roles, Gwale has built experience in communicating news and sports information to diverse audiences.

Contributions to Sports Journalism and Barau FC

Beyond radio broadcasting, Gwale has been involved in football media and communications, particularly through his work with Barau Football Club, popularly known as the Maliya Boys.

His contributions have included preparing match reports, previews, player profiles, official announcements, post-match updates and digital content for supporters.

His involvement in football communications has also focused on promoting players, documenting club activities and bringing developments in Kano football to a wider audience.

His experience in sports journalism has complemented his broadcasting career and contributed to his recognition by SWAN Kano.

Publishing and Media Entrepreneurship

In addition to his broadcasting career, Gwale is the founder and chief executive officer of AHG Mirror Media Services Company.

He is also associated with Independent Mirror, an online newspaper established in September 2023, where he serves in a leadership and publishing capacity.

His media interests span online newspaper publishing, news reporting, digital content creation, multimedia production, social media management, online branding and media consultancy.

Through these initiatives, he seeks to expand access to news and information while exploring opportunities offered by digital communication and contemporary media platforms.

Combining Journalism with Technology

Gwale’s interest in Computer Science complements his work in journalism and digital publishing.

His technical education supports his broader interests in online media development, digital communication and multimedia production.

By combining journalism with technology, he is developing a professional profile that spans traditional broadcasting, online publishing, sports communications and media entrepreneurship.

A Milestone in His Broadcasting Career

Winning the Best Radio Newscaster (Male) — National award at NBMA 2026 adds to Gwale’s professional recognition and marks another milestone in his journey through Nigeria’s broadcasting industry.

From his early career at Freedom Radio Kano to his work at Premier Radio and his involvement in digital publishing and football communications, his experience reflects a career built across news presentation, sports journalism and media enterprise.

His latest recognition at the Nigerian Broadcasters Merit Awards places his name among the award recipients celebrated at the seventh edition of the national broadcasting event.

Ahmad Hamisu Gwale continues to pursue opportunities at the intersection of journalism, sports, technology and digital media.

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Senate Passes Barau’s Bill to Provide Legal Framework for Yusuf Maitama Sule Federal University of Education, Kano

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The Senate on Tuesday passed a bill sponsored by the Deputy President of the Senate, Senator Barau I. Jibrin (APC, Kano North), to provide a legal framework for the Yusuf Maitama Sule Federal University of Education, Kano, Kano State.

The bill was passed during plenary presided over by the President of the Senate, Senator Godswill Obot Akpabio, GCON. It seeks to provide the statutory foundation for the effective management and administration of the institution.

Recall that in September 2024, President Bola Ahmed Tinubu approved the conversion of the Federal Colleges of Education in Kano and Zaria into federal universities of education.

Following Senator Barau’s request on behalf of the people of Kano, President Tinubu, on May 10, 2025, also approved the renaming of the institution as the Yusuf Maitama Sule Federal University of Education, Kano.

To give the institution a legal framework, Senator Barau sponsored the bill, which passed through the legislative process and was approved by the Senate for second and third readings. The bill scaled first reading on Wednesday, March 25, 2025.

While leading the debate on the bill, Senator Barau said the legislation was necessary to give legal backing to the institution.

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He commended President Tinubu for approving the institution’s upgrade and renaming, explaining that the bill would provide a legal framework for the promotion and development of teacher education and make comprehensive provisions for the university’s management and administration.

He said: “Mr Senate President, this institution has already been established by the President of the Federal Republic of Nigeria.

“You may recall, my colleagues, that in the last Senate, I made efforts to facilitate the establishment of these institutions, including the Federal College of Education, Zaria, which was to be upgraded to a full-fledged university, as well as Alvan Ikoku College of Education and Adeyemi College of Education. The bills were passed and transmitted to the late President Muhammadu Buhari, but they were not assented to.

“When President Bola Ahmed Tinubu assumed office, I approached him and conveyed the desire of my people to have the Federal College of Education, Kano, upgraded to a full-fledged university. He assured me that, since it was the request of the people, it would be done. The President subsequently approved the upgrade of the institution.

“But we were not done yet. At the request of my people, I returned to the President to seek approval for the institution to be named after the late Yusuf Maitama Sule. The President immediately approved the request. Today, the institution is a full-fledged university offering degrees in various fields of education.

” We cannot thank Mr President enough. He loves Kano and has consistently acceded to our requests. Beyond this institution, he has also approved the establishment of the Federal University of Science and Technology in Kabo and the Federal Polytechnic in Rano. We cannot thank him enough for these interventions.”

In his remarks, Senate President Godswill Akpabio commended Senator Barau for sponsoring the bill and thanked senators for supporting its swift passage.

He expressed optimism that President Tinubu would assent to the bill upon its transmission to him, thereby providing the university with the necessary statutory and regulatory framework to fulfil its mandate and continue contributing to national development.

Signed:
Ismail Mudashir
Special Adviser to the Deputy President of the Senate
(Media and Publicity)
October 13, 2026

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