
Nigeria's Finance Minister, Mr. Oyedele, has clarified that the Federal Government does not engage in a 'shadow budget' or spend public funds outside the established constitutional and statutory framework for public finance. This statement aims to dispel any misconceptions regarding the government's financial operations.
AI summary. Verify with the original source.
Read full story at Premium Times Business ↗
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 PremiumSimilar 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 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.
Punch·July 5, 2026 at 1:23 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
The Federal Government of Nigeria has refuted claims that it spent over ₦8 trillion outside the approved 2026 budget, challenging anyone who believes this to provide evidence. This statement comes in response to remarks made by IMF Resident Representative in Nigeria, Christian Ebeke, who indicated that approximately two percent of Nigeria’s GDP was spent outside the budget in 2025.
Daily Trust·July 5, 2026 at 12:46 PMThe Bola Ahmed Tinubu-led Federal Government has refuted allegations that it spent over ₦8 trillion outside of the approved budget, which is estimated to be about two percent of Nigeria's total budget. The government has addressed these claims in a recent statement, emphasizing its adherence to budgetary regulations.
Naija News·July 5, 2026 at 12:37 PM
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