
The Federal Government of Nigeria has denied allegations of spending ₦8 trillion outside the 2026 budget, asserting that a report from the International Monetary Fund (IMF) was misrepresented. Finance Minister Taiwo Oyedele provided clarification on the matter.
AI summary. Verify with the original source.
Listen
Unlock audio summaries, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumBackground facts
Unlock wikipedia facts, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumCovered by 2 sources
- Punch, Punch Newspapers
- Nairametrics, Samuel Daniel
Similar stories

The Federal Government of Nigeria has refuted allegations that over ₦8 trillion was spent outside the 2025 budget, asserting that all public expenditures comply with the country's constitutional and legal framework. This statement was made by Taiwo Oyedele, the Minister of Finance, in response to claims suggesting that approximately two percent of Nigeria's Gross Domestic Product was unaccounted for, according to the Daily Post.
Daily Post (NG)·July 5, 2026 at 12:05 PM
The International Monetary Fund (IMF) has reported that the Federal Government of Nigeria did not include public expenditure amounting to approximately N8.8 trillion, or 2% of the country's Gross Domestic Product (GDP), in its recent national budgets. This omission has led to a discrepancy between the reported fiscal deficit and the actual financing requirements of the country, according to the IMF's Resident Representative.
Vanguard Business·July 2, 2026 at 5:06 AM
Nigerians are expressing their views on social media following allegations from the International Monetary Fund (IMF) that the Federal Government did not account for public spending amounting to approximately N8.8 trillion, which is about 2% of the country's Gross Domestic Product (GDP), in recent official budgets. This disclosure has ignited a debate regarding transparency in government financial reporting.
Nairametrics·July 5, 2026 at 5:45 AM
Former Vice President Atiku Abubakar has expressed concern regarding an IMF report that reveals ₦8.8 trillion in federal expenditures were not included in official budget records. He accused the Tinubu administration of operating a "parallel fiscal universe" in the lead-up to the 2027 elections. This statement was made following the release of the IMF's Article IV report on July 1, 2026.
Tribune Online (NG)·July 4, 2026 at 6:37 PM
Peter Obi has called for accountability from the Tinubu administration in response to a report by the International Monetary Fund (IMF) that highlights ₦8.83 trillion in off-budget spending. He has raised concerns about potential grand corruption linked to this financial discrepancy.
Punch·July 5, 2026 at 7:29 AM
Atiku Abubakar, the former Vice President and presidential candidate of the African Democratic Congress, has called for an investigation by the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) into the International Monetary Fund's claim that Nigeria has spent N8.8 trillion off-budget, which he states is equivalent to 2% of the country's GDP, according to ThisDay Live.
ThisDay Live·July 5, 2026 at 4:57 AM