IMF, President Tinubu and the transparency challenge
Two percent of GDP: a number that should provoke riots When the IMF’s man in Abuja, Christian Ebeke, casually mentioned in July 2026 that something like 2% of Nigeria’s entire GDP in public spending simply does not appear in official budget documents, the country’s political class received it as a technical footnote.
A project that began as private capital seeking tolls and, the moment the private financier claimed hardship, transformed overnight into a public trillion-naira burden shifted onto the shoulders of ordinary taxpayers.
It hides behind Senate probes that recover nothing, procurement laws that bind no one, and a Freedom of Information Act that informs no one.
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