In a startling revelation, former Governor Peter Obi has expressed deep concerns over the allocation of N15 billion in the 2024 fiscal budget for the construction of a new residence for the Vice President. Obi, while scrutinizing the budget presented to the National Assembly last week, questioned the priorities of the government in the face of pressing national challenges.
Obi highlighted that in the Supplementary Budget, an additional N2.5 billion was allocated for the renovation of the Vice President’s residence in Abuja, indicating that the Vice President already has a place of residence. Furthermore, N3 billion was reportedly earmarked for the renovation of the Vice President’s residence in Lagos. The cumulative budget for the Vice President’s housing now stands at a staggering N20.5 billion.
Expressing his dismay, Obi noted that at a time when Nigeria grapples with being the world’s poverty capital, allocating such a substantial amount for the Vice President’s housing is disheartening. He emphasized the stark contrast between the luxurious living arrangements for top government officials and the harsh realities faced by many Nigerians, including collapsed health facilities and skyrocketing unemployment.
Drawing attention to the financial implications, Obi pointed out that the budgeted amount for the Vice President’s residence is equivalent to the annual salaries of about 3000 university professors. He underscored the urgency of redirecting such funds towards developing essential human capital, especially when numerous university employees are experiencing delayed or nonexistent payments.
Obi further criticized the budget allocation for student loans, totaling N5 billion, which pales in comparison to the Vice President’s housing costs. He highlighted the irony of allocating four times the amount needed to educate indigent Nigerian students for housing the Vice President.
Drawing inspiration from past leadership examples, Obi recounted the story of General Murtala Mohammed, who, when offered land for a Presidential Mansion, insisted on using it to build flats for civil servants. Obi urged current leaders to emulate such sacrificial leadership and prioritize the welfare of the masses over lavish expenditures.
