IMF Report: Tinubu’s govt under fire over N8.8tn unaccounted spending

President Bola Ahmed Tinubu’s national government’s fiscal transparency has travel nether aggravated scrutiny successful the past weeks pursuing an International Monetary Fund study which unravelled N8.8 trillion successful unaccounted expenditure. 

IMF revelation 

The IMF made the revelation successful June successful its 2026 Article IV Consultation report. 

The planetary lender said the Nigerian authorities carried retired unrecorded expenditure missing from authoritative fund documents. 

According to the IMF, the unaccounted-for spending by the Nigerian authorities successful the play nether reappraisal amounted to N8.8 trillion, 2 per cent of the country’s Gross Domestic Product. 

Tinubu’s govt Budget 

The Tinubu authorities is presently operating 3 fund circles from 2024 to 2026, amounting to astir N154.25 trillion excluding the N2.17 trillion appropriation successful 2023 upon it emergence. 

Reactions to IMF’s disclosure implicit N8.8tn unaccounted expenditure 

The IMF’s disclosures person drawn weighty disapproval from absorption parties. 

The statesmanlike candidates of the African Democratic Congress and Nigerian Democratic Congr...