The presidential candidate of the Labour Party, Peter Obi, has faulted the signing into law of the N2.17 trillion supplementary budget by President Bola Tinubu.

President Bola Tinubu signed the 2023 Supplementary Budget of 2.17 trillion naira into law yesterday after the National Assembly passed the Appropriation Bill after a third reading.

Reacting in a statement, Obi claimed that the president failed to consider certain emergencies and pressing needs of the country.

He noted that, going by the manner in which the budgetary allocations were done, it was obvious the president was unaware of the dire crisis in the country.

Some allocations in the supplementary budget sparked public outrage.

Notable among them were the N5 billion for a presidential yacht, the N4 billion request for the renovation of the president’s Abuja residence, and the N2.5 billion allocation for the vice president's quarters.