210 Billion Naira Double Allocation Claim in Nigeria's 2026 Budget: Atiku Demands Judicial Investigation
Key Points
- 2027 presidential candidate Atiku Abubakar demanded a judicial investigation to look into the allegations of irregularities in the 2026 budget.
- The Tinubu administration is accused of making a 210 billion Naira double allocation in the budget and covert subsidy payments.
- According to NNPC's 2024 audit reports, a 7.13 trillion Naira subsidy payment was recorded as 'Energy Security Costs'.
- The National Assembly and relevant audit institutions are called upon to launch an urgent review to uncover the irregularities in the budget.
By the Numbers
Atiku Abubakar, the candidate of the African Democratic Congress (ADC) in Nigeria's 2027 presidential election, called for a judicial investigation into allegations that more than 210 billion Naira was double-allocated in the 2026 Investment Budget. Accusing President Bola Tinubu's administration of fiscal irresponsibility and mismanagement of public resources, Abubakar argued that this situation is proof that economic hardships stem from a leadership crisis.
The former vice president also objected to claims that fuel subsidies had been removed, citing the 2024 audited financial statements of the Nigerian National Petroleum Company (NNPC). According to Atiku, the company recorded 7.13 trillion Naira, which could be classified as a subsidy or loss compensation, under "Energy Security Costs." It is noted that at a time when citizens are struggling with inflation and rising expenses, subsidy payments continue under a different name.
Atiku invited the National Assembly to conduct a comprehensive judicial review to examine all double allocations, expose those responsible, and recover improperly transferred funds. Abubakar, who also encouraged the Auditor General and civil society organizations to independently audit the budget processes, added that a future ADC government would restore public confidence in public finance through transparent budgeting and digital expenditure tracking.
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Frequently Asked Questions
- What is the main allegation brought up by Atiku Abubakar?
- It is alleged that a 210 billion Naira double allocation was made in the 2026 Investment Budget and that this situation proves the government's financial indiscipline.
- What accusation was brought up regarding the fuel subsidy?
- It was claimed that a 7.13 trillion Naira payment in NNPC's 2024 financial statements was hidden under the name 'Energy Security Costs', thus continuing the subsidy.
- What did Atiku call on the government and institutions to do?
- He invited the National Assembly, the Auditor General, and civil society organizations to judicially examine the budget, expose irregularities, and bring those responsible to justice.
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