By clicking the Subscribe button, you confirm that you have read our Privacy Policy and consent to receive newsletters from us.
We uphold the highest standards of journalistic integrity and ethical reporting, ensuring that truth and transparency prevail in all our content.
Arbiterz profiles Nigerians creating livelihoods and building businesses and analyses the economic and political ideas that shape the opportunities and constraints they encounter.
brandstories@arbiterz.com
+234-1-4489262 | 1-454 8069
7th Floor, Mulliner Towers, 39, Alfred Rewane Road, Ikoyi, Lagos.
brandstories@arbiterz.com
brandstories@arbiterz.com
© Arbiterz 2025, All Rights Reserved. | Powered by ONMATECH.
Get notified about new articles
U.S. Slams Extravagant Spending by Nigerian Governors Amid Economic Crisis
U.S. officials criticize Nigerian governors’ luxury projects for deepening inequality and eroding public trust.
The United States has criticized Nigerian state governors for lavish spending on luxury projects while citizens endure economic hardship.
This rebuke follows revelations that billions of naira are being channeled into opulent government buildings, despite collapsing public services and rising poverty levels.
In a statement posted on X (formerly Twitter), the U.S. Mission Nigeria expressed deep concern over what it called “unchecked spending patterns.”
Also Read:
It warned that these fiscal choices, particularly spending on new government houses, are worsening inequality and undermining public confidence.
The criticism follows an investigative report by The Africa Report, which exposed how some governors are prioritizing luxury residences and office complexes over vital public infrastructure. While Nigerians are urged to endure “labor pains” from economic reforms, leaders are accused of squandering public funds on extravagance.
“These alleged lack of fiscal responsibility fuels inequality and erodes public trust,” the U.S. Mission stated. The mission emphasized that with inflation soaring and basic services failing, the spotlight is now on state-level governance and the urgent need for transparent, needs-based budgeting.
Share this article
Jeremiah Ayegbusi
Magazine
Office Lives: Antoinette Edodo, Chief Strategy Officer, Heirs Technologies.
The Lunch Hour: Subomi Plumptre- People with Successful Careers Train Themselves
AfDB: The True Cost of Dr. Akinwunmi Adesina’s Second Term
BIG READ – Why Asian Businesses Are So Successful
The Lunch Hour – Toyin Sanni, CEO, Emerging Africa Capital Group
LATEST NEWS
Business File: MTN Hosts First-Ever Customer Engagement Day in Lagos
Saudi Arabia Officially Resumes Work Visa Issuance to Nigerian citizens, 12 Other Countries Months After Lifting Ban
Business File: eTranzact Holds 21st Annual General Meeting in Lagos
Orange Telecommunications Post Impressive H1 2025 Results Driven by Africa, Middle East Operations
Piracy: Nigerian Copyright Commission Shuts Down MovieBox
Netherlands Digitalizes Visa Application Process
Advertisement
FEATURED CATEGORIES
MORE ARTICLES LIKE THIS
MTN Nigeria Posts N414.9 bn Net Income in H1 2025 a Rebound from N519.1 bn loss in H1 2024
FirstHoldco Q2 2025 Pretax Profit Falls 4.58% to ₦169.6 bn amid 61.92% Surge in Interest Income
U.S. Fed Holds Rates Steady at 4.25–4.50% Amid Trump Pressure
NIMC Completes Migration to NINAuth, Directs Nigerians to Telcos for All NIN-SIM Issues
UAC Nigeria Plc posts 22.9% profit decline in H1 2025 despite strong top‑line growth
Trump Imposes 25% Tariff on Indian Imports Starting August 1, Citing Trade Barriers and Russian Oil Ties
Nestlé Nigeria Grows Revenue 43% to N581.1 Billion in H1 2025 as Profit Hits N50.6 Billion
US Senate Confirms Trump Nominee, Susan Monarez as CDC Director