{"id":199033,"date":"2026-04-18T17:52:59","date_gmt":"2026-04-18T16:52:59","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-bleeding-from-within-n34-44tn-missing-revenue"},"modified":"2026-04-18T19:02:37","modified_gmt":"2026-04-18T18:02:37","slug":"nigeria-bleeding-from-within-n34-44tn-missing-revenue","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue","title":{"rendered":"Nigeria Bleeding From Within N34.44tn Missing Revenue"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Mr Peter Obi of the African Democratic Congress, ADC, has expressed concern over what he described as massive revenue leakages in Nigeria, warning that the country is \u201cbleeding from within\u201d despite rising earnings.<\/p>\n

In a statement shared on X on Saturday, Obi cited recent reports by the World Bank indicating that Nigeria generated about \u20a684 trillion in federation revenue over the past three years.<\/p>\n

He, however, alleged that 41 percent of the amount, approximately \u20a634.44 trillion was not remitted to the Federation Account.<\/p>\n

He noted that the figure exceeds the combined \u20a634 trillion allocated for capital projects in the 2024 and 2025 Appropriation Bills, describing the comparison as a reflection of the scale of the issue.<\/p>\n

According to him, the development suggests systemic problems in public finance management, which he said have continued to deprive critical sectors such as healthcare, education and infrastructure of needed funding.<\/p>\n

The former presidential candidate called for greater transparency and accountability in revenue management, urging leaders to redirect public resources towards national development priorities.<\/p>\n

\u201cIt is deeply troubling to read recent World Bank reports indicating that, while Nigeria\u2019s Federation Revenue surged to \u20a684 trillion in just three years, a staggering 41%, amounting to \u20a634.44 trillion, never reached the Federation Account.<\/p>\n

\u201cThis sum exceeds the combined \u20a634 trillion earmarked for capital projects in the 2024 and 2025 Appropriation Bills, a comparison that underscores the gravity of the situation and signals that something is fundamentally wrong.<\/p>\n

\u201cThis is not a mere oversight; it points to institutionalised corruption on a massive scale. In 1994, when the Okigbo Panel reported about $12.4 billion from the Gulf War oil windfall as unaccounted for, Nigerians were outraged and the nation shook with indignation.<\/p>\n

\u201cToday, an even more troubling situation appears to be unfolding, yet it is met with a disquietening silence.<\/p>\n

\u201cWe are trapped in a lethal paradox: Earning more as a nation, yet having less to invest in healthcare, education, and infrastructure. From 2025, systemic \u201cdeductions\u201d have allowed agencies to capture more resources than entire states and even critical ministries,\u201d part of Obi\u2019s statement read.<\/p>\n

For More News And Analysis About Nigeria<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Mr Peter Obi of the African Democratic Congress, ADC, has expressed concern over what he described as massive revenue leakages in Nigeria, warning that the country is \u201cbleeding from within\u201d despite rising earnings. In a statement shared on X on Saturday, Obi cited recent reports by the World Bank indicating that Nigeria […]<\/p>\n","protected":false},"author":84,"featured_media":199032,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[254],"class_list":["post-199033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-nigeria"],"yoast_head":"\nNigeria Bleeding From Within N34.44tn Missing Revenue - Nigeria<\/title>\n<meta name=\"description\" content=\"Mr Peter Obi of the African Democratic Congress, ADC, has expressed concern over what he described as massive revenue le ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria Bleeding From Within N34.44tn Missing Revenue\" \/>\n<meta property=\"og:description\" content=\"Mr Peter Obi of the African Democratic Congress, ADC, has expressed concern over what he described as massive revenue le ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-18T16:52:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-18T18:02:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/04\/sm_1776535308.973542.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"740\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria Bleeding From Within N34.44tn Missing Revenue\",\"datePublished\":\"2026-04-18T16:52:59+00:00\",\"dateModified\":\"2026-04-18T18:02:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue\"},\"wordCount\":352,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/04\/sm_1776535308.973542.jpg\",\"keywords\":[\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue\",\"name\":\"Nigeria Bleeding From Within N34.44tn Missing Revenue - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/04\/sm_1776535308.973542.jpg\",\"datePublished\":\"2026-04-18T16:52:59+00:00\",\"dateModified\":\"2026-04-18T18:02:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Mr Peter Obi of the African Democratic Congress, ADC, has expressed concern over what he described as massive revenue le ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/04\/sm_1776535308.973542.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/04\/sm_1776535308.973542.jpg\",\"width\":1200,\"height\":740,\"caption\":\"Nigeria Bleeding From Within N34.44tn Missing Revenue\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nigeria Bleeding From Within N34.44tn Missing Revenue\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Nigeria Bleeding From Within N34.44tn Missing Revenue - Nigeria","description":"Mr Peter Obi of the African Democratic Congress, ADC, has expressed concern over what he described as massive revenue le ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue","og_locale":"en_US","og_type":"article","og_title":"Nigeria Bleeding From Within N34.44tn Missing Revenue","og_description":"Mr Peter Obi of the African Democratic Congress, ADC, has expressed concern over what he described as massive revenue le ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue","og_site_name":"Nigeria","article_published_time":"2026-04-18T16:52:59+00:00","article_modified_time":"2026-04-18T18:02:37+00:00","og_image":[{"width":1200,"height":740,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/04\/sm_1776535308.973542.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Nigeria Bleeding From Within N34.44tn Missing Revenue","datePublished":"2026-04-18T16:52:59+00:00","dateModified":"2026-04-18T18:02:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue"},"wordCount":352,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/04\/sm_1776535308.973542.jpg","keywords":["Nigeria"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue","url":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue","name":"Nigeria Bleeding From Within N34.44tn Missing Revenue - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/04\/sm_1776535308.973542.jpg","datePublished":"2026-04-18T16:52:59+00:00","dateModified":"2026-04-18T18:02:37+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Mr Peter Obi of the African Democratic Congress, ADC, has expressed concern over what he described as massive revenue le ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/04\/sm_1776535308.973542.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2026\/04\/sm_1776535308.973542.jpg","width":1200,"height":740,"caption":"Nigeria Bleeding From Within N34.44tn Missing Revenue"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-bleeding-from-within-n34-44tn-missing-revenue#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Nigeria Bleeding From Within N34.44tn Missing Revenue"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/199033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=199033"}],"version-history":[{"count":1,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/199033\/revisions"}],"predecessor-version":[{"id":199036,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/199033\/revisions\/199036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/199032"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=199033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=199033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=199033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}