Obi Seeks Answers On 10.6trn In Power Debt
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Peter Obi has asked the Federal Government to explain multiple approvals totalling ₦10.6 trillion for power sector debts within two years.
LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT
He raised concerns over fresh approval of ₦3.3 trillion in April 2026, alongside earlier approvals made in 2024.
LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT
He pointed to separate approvals of ₦3.3 trillion in May 2024 and a ₦4 trillion bond in July 2024, questioning how they relate to the latest payment.
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The former Anambra governor said repeated funding announcements without clear outcomes raise doubts about accountability.
Obi linked the growing debt to past administrations and warned that public funds may be used without fixing underlying issues.
He also noted that some government institutions are part of the debt burden, adding to concerns about financial discipline.
He called for transparency and practical reforms in the power sector, warning that without clear answers and results, the country may remain stuck with rising debt and poor electricity supply.
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