IMF: Nigerian Govt lacks transparent public expenditure system – Sam Amadi

Director, Abuja School of Social and Political Thoughts, Sam Amadi, says the current Federal Government does not have a transparent public expenditure system.

Amadi made this statement on Sunday when he appeared as a guest in an interview on Arise Television.

He was speaking on a revelation by the International Monetary Fund, IMF, that Nigeria omitted public expenditure equivalent to two per cent of its Gross Domestic Product, GDP, from recent budgets.

Meanwhile, the Federal Government dismissed claims that money was spent outside the 2025 budget, insisting that all public expenditures were made within Nigeria’s constitutional and legal framework.

Airing his own opinion, Amadi said, “To be magnanimous or fair, this government has an uncontrolled, unmanaged, not transparent and unaccountable public expenditure system.

“At the beginning of this government, the FCT minister went to the president and asked to be exempted from the normal due process procurement policies. That’s the first memo.

“Again, there are too many issues around fundamental breaches of process and fiscal accountability is first primarily process that expenditure are first budgeted for, tracked and reported.

“There is no guarantee to the prudence and integrity of Nigeria’s public expenditure.”

You may like

NCC restates commitment to continued collaboration with NIPR

Oyo, Borno abductions: Schoolchildren spend 54 days in forest amid heavy downpour

ICC exit: Amnesty Intl decries waning rights in Burkina Faso, Mali, Niger

Ogun-Ondo border: CP Ojajuni leads security chiefs on assessment tour, show of force

Governor Soludo’s son dances to viral song mocking Tinubu, father

Gov Fubara receives Vice President Kashim Shettima in Port Harcourt

‘What offence has Borgu committed’ – Youth leader questions government over insecurity

Peter Obi compares Nigeria to Cape Verde, blames leadership for World Cup failure

Troops rescue more kidnapped persons in Borno