Former presidential candidate of the Labour Party, Peter Obi, has accused the Federal Government of allegedly overseeing the fabrication of laws following the 2026 national budget presentation.
In a statement titled “Migrating from Padded Budgets to Forged Laws,” posted on his X handle on Saturday, Obi warned that the move endangers constitutional governance and erodes public trust.
President Bola Tinubu on Friday presented the 2026 budget proposal before a joint session of the National Assembly.
The President pegged the capital expenditure at ₦26.08 trillion and put the crude oil benchmark at US$64.85 per barrel.
He said the expected total revenue is ₦34.33 trillion; ₦15.52 trillion for debt servicing. The budget deficit is ₦23.85 trillion, representing 4.28% of GDP.
The proposal was anchored on a crude oil production of 1.84 million barrels per day, and an exchange rate of ₦1,400 to the US Dollar for the 2026 fiscal year.
However, Obi alleged that there were discrepancies between documents passed by the National Assembly and those eventually published and enforced by the executive.
