Atiku criticizes cooperative college budget allocation
Analysis based on 7 articles · First reported Aug 04, 2026 · Last updated Aug 04, 2026
The controversy may raise concerns about fiscal transparency and governance in Nigeria, potentially affecting investor confidence and the perception of public financial management. However, direct market impact is limited as the allocation is part of the national budget and does not directly affect listed companies or financial markets.
Former Vice President Atiku Abubakar has criticized the Nigeria over the allocation of 1.08 trillion Nigeria — Nigerian naira to the Federal Cooperative College, Oji River, in the 2026 Appropriation Act. The allocation, revealed by civic technology organization BudgIT, designates the college to execute 2,791 capital projects across all 36 states and the Federal Capital Territory. Atiku described the move as 'a blueprint to defraud Nigerians' and questioned the legal basis and institutional capacity of the college to implement such projects, which include roads, drainage systems, solar streetlights, markets, football pitches, dialysis centres, ambulances, water schemes, recycling plants, and empowerment programmes. He argued that the allocation contradicts the government's claims of fiscal discipline and undermines the credibility of the 2026 budget. The controversy highlights ongoing concerns about transparency and accountability in Nigeria's budget process, where agencies with limited mandates are often tasked with large-scale projects.
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