Former Vice President Atiku Abubakar has accused President Bola Ahmed Tinubu’s administration of concealing a staggering N12.8 trillion allocation in Nigeria’s 2026 budget.
In a statement released by his spokesperson, Phrank Shaibu, on Monday , Atiku claimed the funds were tucked under the Service-Wide Vote (SWV), a provision he described as opaque and unaccountable.
According to Atiku, the SWV allocation skyrocketed from N638 billion in 2025 to N12.8 trillion in 2026, a nearly 1,918% increase.
He argued that this unprecedented jump raises serious concerns about transparency and fiscal responsibility.He further noted that 84% of the 2026 budget is concentrated in just 10 Ministries, Departments, and Agencies (MDAs), with the bulk of the funds warehoused in the Ministry of Budget and Economic Planning.
Atiku warned that unless the government provides clear details on how the funds will be spent, Nigerians may suspect the allocation is intended to bankroll the ruling APC’s political machinery ahead of the 2027 elections.
“President Tinubu owes Nigerians a detailed explanation. No responsible government can expect citizens to accept a nineteen-fold increase in a notoriously opaque budgetary provision without disclosing exactly who will spend the money, what it will be spent on, and under what legal authority,” Atiku stated.
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