The North East Cooperative Stakeholders Forum has raised concerns over Nigeria’s 2025 budget increase, questioning the sudden jump from ₦49.7 trillion to ₦54.2 trillion as presented by President Bola Ahmed Tinubu.
Forum chairman Barrister Jalo Abdullahi criticized the lack of explanation from both the executive and legislative arms, insisting that Nigerians deserve clarity on how public funds will be used.
He also pointed out that despite the significant 2024 budget, many approved projects remained unimplemented due to low foreign reserves.
The forum further advised President Tinubu to be cautious of financial missteps, especially in light of the Mambilla Dam project controversy that led former presidents Olusegun Obasanjo and Muhammadu Buhari to testify at the ICC in Paris.
Additionally, the forum addressed ECOWAS matters, warning that the currency shift by Niger, Burkina Faso, and Mali could negatively impact their economies.
Jalo urged these nations to reconsider their decision and align with ECOWAS for better financial security.
For a detailed breakdown of the budget, government borrowing, and regional economic concerns, visit NIGPOST now!
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