Peter Obi Demands Accountability On Power Debt
Peter Obi has challenged the Federal Government over a new ₦3.3 trillion approval to settle power sector debts, raising concerns about transparency and results.
He spoke on Tuesday via social media, questioning why repeated funding decisions have not improved electricity supply. The issue comes as Nigerians continue to face unstable power despite huge spending.
He pointed to earlier approvals, including ₦3.3 trillion in May 2024 and a ₦4 trillion bond in July 2024, all meant for similar liabilities.
The former presidential candidate questioned whether those funds were fully used or simply announced without proper execution. He also recalled campaign promises by Bola Ahmed Tinubu on improving electricity.
Obi said the situation reflects a pattern of policy moves without clear outcomes, warning that debts have continued to grow over time.
He linked much of the burden to past administrations, raising concerns about how the obligations were managed and why payments were delayed despite budget allocations.
He called for full disclosure on the total debt, beneficiaries, and impact of the payments, urging reforms instead of repeated approvals.
According to him, without proper accountability and action, the country risks remaining stuck with rising debt and poor electricity supply.
