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Former Vice President, Atiku Abubakar, has reacted to the latest findings by the World Bank on Nigeria’s fiscal structure, describing the situation as deeply troubling and unacceptable.
In a statement issued by his spokesperson, Phrank Shaibu, Atiku Abubakar said the World Bank’s revelation is alarming and unacceptable.
He noted that Nigeria is earning more revenue, yet citizens are receiving less benefits.
According to him, the report confirmed suspicions by Nigerians that the Tinubu government is operating an opaque financial structure that enables systemic corruption.
“What the World Bank has revealed is both alarming and unacceptable. Nigeria is earning more revenue today, yet the Nigerian people are receiving less benefit from it. This contradiction points not just to inefficiency, but to a system vulnerable to abuse, leakage, and the possible diversion of public funds.
“The report confirms what many Nigerians have long suspected: that the administration of Bola Ahmed Tinubu operates an opaque financial structure that enables systemic corruption.”
He noted that excessive deductions from national revenue, before distribution through the Federation Account, have significantly reduced what is available for governance and development across all tiers.
“When large portions of national income are deducted at source, outside full legislative scrutiny, it creates fertile ground for opacity, unaccounted spending, and financial recklessness. That is how nations lose track of their own wealth,” Atiku stated
World Bank report exposes ‘possible diversion of public funds’ under Tinubu – Atiku
