NEWS
Obi Considers Tinubu’s 2024 Fiscal Budget ‘Crazy’
. . . Laments Frivolous Allocation Of Over N20bn For VP’s House
Presidential Candidate of the Labour Party in the 2023 elections, Peter Obi has put the proposed 2024 budget of the President Bola Ahmed Tinubu administration under the microscope, lamenting the crazy wastefulness enshrined therein.
Obi claimed that he was still studying the document, which is being hurriedly passed by the National Assembly, took to his verified X handle to express grave concerns that priorities were being misplaced.
He expressed firm conviction that something was fundamentally wrong with the way Nigeria was being led at the moment, drawing examples from the provision for housing the Vice President, Kashim Shettima Mustapha.
According to Obi, “I am compelled to ask: what is exactly wrong with us as a country?”
It beat Obi’s imagination why budgetary allocation for housing Mustapha would cover the cost of annual salaries for 3,000 professors, when Nigeria was in dire need of human capital development, healthcare, while grappling with unemployment and underemployment challenges.
He pointed out that Nigeria, “budgeted the sum of N20.5 billion for the housing of the Vice President,” while maintaining the status of “the world’s poverty capital”, yet “more people are falling into poverty”, at such speed that several “Nigerians not knowing where their next meal will come from”.
Obi pointed to the state of health facilities in Nigeria and level of unemployment and wondered what such a colossal amount could do in such critical areas.
He lamented “that 99.9% of Nigerians can only dream of living in the current residence of the Vice President,” while some even the in employment of the Federal Government are not being paid.
In his analyses, Obi noted that “the salary of a professor in a Nigerian university is about N400,000, which without removing tax is about N5 million a year.
“What we have budgeted for the housing of the Vice President who is already luxuriously housed is, therefore, the annual salary of about 3000 professors!”
He made examples of quality decisions made by past leaders like late Gen Murtala Mohammed, who turned down land allocated for his presidential mansion and ordered that it should be developed into the popular 1004 flats in the Victoria Island area of Lagos.
“We have had leaders that were exemplary in the past.
“Most Nigerians may not know that the popular 1004 flats in Lagos, was a land allocated for the building of a Presidential Mansion for the then Head of State, General Murtala Mohammed.
“He sternly turned down the offer and instructed that the land should be used to build blocks of flats for civil servants.
Below is the full text of what Obi wrote on X in a series of tweets.
Obi wrote, “Even as I am still studying the 2024 fiscal budget as presented to the National Assembly last week, I cannot wait as I am compelled to ask: what is exactly wrong with us as a country?
“I ask this question because it is hard for me to understand some of the recent happenings in our nation, in these critical times. The recent news about a budget provision of N15 billion for the construction of a new residence for the Vice President is both shocking and disheartening, considering the many important challenges facing our nation.
“Just recently in the Supplementary Budget, the sum of N2.5 billion was included for the renovation of the Vice President’s residence in Abuja, which means that he already has a residence.
“Again, during the budget presentation, I heard the sum of N3 billion was allocated for the renovation of the Vice President’s residence in Lagos.
“If we total all these sums, we would have budgeted the sum of N20.5 billion for the housing of the Vice President at this critical time when we are not just the world’s poverty capital, but more people are falling into poverty, with so many Nigerians not knowing where their next meal will come from.
“Our health facilities have collapsed, and unemployment is skyrocketing.
“I am convinced that 99.9% of Nigerians can only dream of living in the current residence of the Vice President. Several people employed in the universities are not being paid.
“Just to give an example, the salary of a professor in a Nigerian university is about N400,000, which without removing tax is about N5 million a year.
“What we have budgeted for the housing of the Vice President who is already luxuriously housed is, therefore, the annual salary of about 3000 professors! This is the finance needed to develop the much-needed human capital.
“The budget of N5 billion for student loans, which is yet to be disbursed is only a tiny percentage of the cost of the Vice President’s new home.
“We are projecting to use four times the amount for educating ALL Nigerian indigent students to house the Vice President, and we are being told there is nothing wrong with us.
“I am sure the major teaching hospitals in Nsukka, Lagos, Ibadan, and Zaria did not receive this much capital vote in the budget this year.
“We have had leaders that were exemplary in the past.
“Most Nigerians may not know that the popular 1004 flats in Lagos, was a land allocated for the building of a Presidential Mansion for the then Head of State, General Murtala Mohammed.
“He sternly turned down the offer and instructed that the land should be used to build blocks of flats for civil servants.
“That is the kind of sacrificial leadership worth emulating. Our leaders must therefore stop the recklessness and insensitivity to the plight of the masses.
“We need leaders who show compassion and are willing to sacrifice for common progress and development. Such compassionate and frugal leaders are critical in our journey to the New Nigeria. –PO”
NEWS
Dangote Hosts Kenya’s President Ruto At Refinery
Kenyan President William Ruto on Friday toured the Dangote Petroleum Refinery and Petrochemicals Complex in Lekki, Lagos, where he was hosted by Dangote Group President and Chief Executive Officer, Aliko Dangote.
The visit comes ahead of the planned September 30 groundbreaking of a proposed 700,000-barrel-per-day refinery in Lamu, Kenya, being developed with Dangote.
ALSO READ: Dangote to Support Two Million Women with Refinery IPO Share Ownership
The Dangote Group had earlier confirmed that Dangote would host Ruto during his visit to the Lagos refinery.
The planned Kenyan refinery is expected to expand refining capacity in East Africa and strengthen petroleum supply in the region.
Ruto had earlier said discussions with Dangote and Africa Finance Corporation CEO Samaila Zubairu focused on financing and final preparations for the project.
Dangote is targeting a combined refining capacity of 2.1 million barrels per day through the planned expansion of the Lekki refinery and the proposed Kenyan facility.
NEWS
‘Obi Knows He Is Lying’ — Soludo Camp Releases Documents on ₦363m Workers’ Arrears Payment
The Anambra State Government has released documents showing the payment of ₦363.381 million as the second tranche of salary arrears owed to former staff, pensioners and next-of-kin of workers of the defunct Anambra State Water Corporation (ANSWC) and Anambra State Environmental Protection Agency (ANSEPA).
The development has intensified the ongoing dispute between Governor Charles Soludo’s administration and former Governor Peter Obi over outstanding workers’ entitlements and the financial obligations allegedly inherited by successive administrations in the state.
Presenting the documents as “Part 3: Evidence that lying is in Peter Obi’s DNA,” the Soludo camp accused the former governor of misleading Nigerians over his record on workers’ entitlements.
ALSO READ: I Won’t Seek Governorship Again, Even If Constitution Is Amended -Peter Obi
“Peter Obi knows we know he’s lying,” the statement said, alleging that the arrears were among workers’ entitlements left unpaid during Obi’s eight years as governor.
According to the documents, the ₦363.381 million payment represents the second tranche provided for under an out-of-court settlement reached between the Anambra State Government and representatives of the affected workers on February 6, 2024.
A memo dated May 22, 2025, and signed by the then Head of Service, Dame Theodora Okwy Igwegbe, mni, requested the release of the second tranche, citing Article 7 of the Terms of Settlement.
The memo stated that ₦363.381 million was due for payment in 2025 under the agreement.
A subsequent Ministry of Finance document dated June 24, 2025, confirmed the release of the funds through Capital Expenditure Release Warrant (CERW) No. 67/2025.
The Soludo administration had earlier paid the first tranche under the settlement, with the government saying the payments were aimed at resolving long-standing salary claims involving workers of the two defunct agencies.
Dispute Over When the Arrears Originated
The latest documents have become central to the political disagreement over whether the outstanding entitlements can properly be attributed to Obi’s administration.
The Soludo camp argues that the continued settlement payments demonstrate that unresolved workers’ liabilities remained after Obi left office in 2014.
Obi’s camp, however, has disputed the characterization. His supporters maintain that his administration inherited substantial salary, pension and gratuity arrears from earlier administrations and cleared billions of naira in outstanding obligations during his tenure.
They have also argued that some of the liabilities involving workers of the defunct agencies originated before Obi became governor in 2006.
The settlement documents establish that the Anambra Government entered into an agreement in 2024 to resolve the outstanding claims and that a second payment of ₦363.381 million was subsequently released.
However, the documents themselves do not conclusively establish that all the underlying arrears were incurred during Obi’s tenure.
NEWS
Ogun Deep Seaport: Abiodun Thanks Tinubu, Says 30-Year Dream Becoming Reality
Ogun State Governor, Dapo Abiodun, has expressed appreciation to President Bola Ahmed Tinubu for his support towards the realisation of the Gateway Deep Seaport and Blue Marine Special Economic Zone in the state.
Abiodun described the deep seaport project as a long-standing vision that had been proposed and documented for nearly 30 years but remained unrealised until the intervention of the Tinubu administration.
ALSO READ: FG Preaches Support for Dangote Industrial City, Deep Seaport in Ogun, Ondo States
The governor, in a statement on Friday, acknowledged Tinubu as the “Facilitator-in-Chief” of the transformational project, crediting the President’s leadership and provision of strategic direction for helping to revive the initiative.
According to Abiodun, the vision of establishing a deep seaport along Ogun State’s coastline had been discussed and captured in official documents for decades, but had remained on the drawing board.
“Today, through the foresight, courage and determined leadership of President Tinubu, that long-standing aspiration is finally being transformed into reality,” the governor said.
Abiodun said the Gateway Deep Seaport and the Blue Marine Special Economic Zone would open a new chapter for Ogun State while strengthening Nigeria’s position in global trade, maritime commerce, industrialisation and economic development.
He added that major national projects require political will and leadership capable of turning long-standing plans into tangible development.
The governor also commended the Federal Government for what he described as its unwavering support and commitment towards making the project a reality.
“Posterity will indeed be kind to you, Mr. President,” Abiodun said.
The Gateway Deep Seaport project is expected to form part of Ogun State’s broader strategy to expand maritime infrastructure, attract investment and strengthen industrial and commercial activities along its coastline.





