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Power sector spending under fire as Obi queries repeated trillion-naira approvals

Published

2 months ago

April 10, 2026

Former presidential candidate of the Labour Party (LP), Peter Obi, has raised concerns over repeated multi-trillion-naira approvals in Nigeria’s power sector, calling for greater transparency and accountability in the management of public funds.

In a post shared on his X handle on Tuesday, Obi questioned what he described as recurring financial interventions for the same liabilities, despite little or no visible improvement in electricity supply across the country.

He urged Nigerians to critically examine the pattern of policy decisions in the sector, noting that the federal government had recently approved N3.3 trillion as a “full and final” settlement for power sector debts.

According to him, similar approvals had been made previously, including N3.3 trillion in May 2024 and a further N4 trillion bond in July 2024, all aimed at addressing the same obligations.

Obi questioned whether earlier approvals were properly implemented, asking whether they were merely announcements without execution.

He also referenced campaign-era promises made by the current administration, including a pledge to ensure stable electricity supply, noting that the situation appears to have worsened instead of improving.

The former governor further pointed to reports suggesting discussions around disconnecting the Presidential Villa from the national grid, describing it as a reflection of deeper systemic challenges.

Obi stressed that successive policy announcements have not translated into measurable results, arguing that Nigeria continues to struggle with persistent power shortages despite massive financial commitments.

He also raised concerns about accountability in the accumulation of power sector debts, stating that many obligations were built up over multiple administrations between 2015 and 2025.

According to him, government ministries and agencies, including the Presidential Villa, account for a significant portion of the debts, raising questions about why such obligations were not settled when funds were budgeted.

Obi further queried the funding source of the latest approval, asking whether additional borrowing would be required to finance the settlement.

He also posed broader questions about the structure of the power sector debt, including how it accumulated, the total outstanding figure, and the extent to which inefficiencies by operators contributed to the liabilities.

He asked whether the newly approved N3.3 trillion is separate from or related to earlier approvals made in 2024, including the N3.3 trillion and N4 trillion interventions previously announced.

Obi concluded by urging a shift away from repeated policy announcements, calling instead for meaningful reforms in the electricity sector.

“Nigeria must move beyond recycled announcements and confront the power sector crisis with sincerity, transparency, and decisive reforms. Until we do so, we will remain trapped in a cycle of debt and darkness,” he stated.

Related Topics:Accountability Featured Peter Obi power sector debts

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Bullet sounds boom as election approaches

Published

2 days ago

June 11, 2026

News Diggers

Tension gripped Osogbo, Osun State capital, on Tuesday following violent clashes between supporters of the ruling Accord Party and the opposition All Progressives Congress (APC), which left one person dead and two others injured.

The incident, which occurred in several parts of the city, also triggered heavy gunfire that sent residents fleeing for safety in panic as security operatives and political supporters allegedly exchanged shots in different locations.

The injured victims were rushed to the UNIOSUN Teaching Hospital and other private medical facilities in the state capital for treatment.

Eyewitnesses said the violence began around 1:30pm when a convoy allegedly conveying APC supporters moved through parts of the city, including Akoda and Aisu junction. The movement was said to have sparked a confrontation with some Accord Party supporters, escalating into shooting.

Gunshots were later reported in areas including Owode, Aisu, Olaiya, Oke-Fia, Government House axis, and Old Garage, throwing the state capital into confusion as residents scampered for safety.

It was further gathered that security operatives attached to the convoy allegedly fired shots sporadically in an attempt to disperse attackers at Aisu junction and other flashpoints, further heightening tension across the city.

Reacting to the violence, Governor Ademola Adeleke described the attacks as “unprovoked and outrageous,” alleging attempts to destabilise the state. He called on the National Security Adviser, Inspector General of Police, Department of State Services (DSS), and other security heads to intervene urgently, especially after visiting victims at the UNIOSUN Teaching Hospital and other health facilities.

Adeleke also accused unnamed political actors of sponsoring violence, claiming that recent months had seen repeated attacks targeting members of the Accord Party across the state. He further alleged that security agencies had not acted decisively to arrest perpetrators.

According to him, earlier reports of violence also emerged from Ile-Ife, particularly the Sabo area, before spreading to Osogbo and Ede.

“The attackers in a 15-vehicle convoy branded with AMBO pictures further launched attacks at Owode. They then proceeded to Olaiya, Old Garage, Oke-Fia and even around Government House,” the governor alleged.

He appealed to President Bola Tinubu to intervene and caution political actors allegedly linked to the unrest, insisting that elections must be conducted in a peaceful atmosphere.

Meanwhile, the Accord Party chairman, Pastor Victor Akande, also condemned the violence, calling on the Inspector General of Police, Kayode Egbetokun, to investigate the incident and alleging the involvement of the APC governorship candidate, Asiwaju Bola Oyebamiji.

Security agencies had yet to issue an official statement on the incident at the time of filing this report.

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Criminals, not bandit killed army officer- Police

Published

2 days ago

June 11, 2026

News Diggers

The Ogun State Police Command has confirmed that five persons, including a soldier and a local hunter, died during a violent attack in Magbon Etido, Mowe, in Obafemi Owode Local Government Area of the state.

In a statement issued in Abeokuta on Wednesday, the Police Public Relations Officer, Oluseyi Babaseyi, said the incident was an “isolated criminal attack” and not a bandit operation as speculated in some quarters.

According to the command, the attackers struck the community, killing a soldier who was on security duty and injuring another military personnel, who is currently receiving treatment.

The assailants also abducted four residents during the raid. Babaseyi said police operatives, working alongside the military and other security agencies, immediately launched a coordinated search-and-rescue operation.

He added that one of the abducted victims was rescued alive, while the remains of the other three were later recovered during the operation.

During the subsequent bush-combing exercise, a local hunter assisting security operatives was reportedly killed in an encounter with the fleeing suspects.

“The Command extends its condolences to his family,” the statement said, while assuring that efforts were ongoing to track down the perpetrators and prevent further attacks.

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2027: North rules out Tinubu, says policies on economy highly disappointing

Published

3 days ago

June 10, 2026

News Diggers

The National Publicity Secretary of the Arewa Consultative Forum (ACF), Prof. Tukur Mohammed-Baba, has said President Bola Tinubu has lost considerable political goodwill in Northern Nigeria since the 2023 general election, citing worsening economic conditions and insecurity.

Mohammed-Baba made the remarks during an interview on PrimeTime on Arise Television on Monday, where he criticised the country’s political leadership and expressed disappointment over the lack of clear policy direction from major political actors ahead of the 2027 presidential election.

According to him, the North has become increasingly disillusioned with the political class, which he accused of prioritising personal ambitions over the welfare of citizens.

“I have not seen a party that articulates a clear policy ambition or an ideological standard. The average northern voter is disillusioned and has been for a long time,” he said.

“We have tried all kinds of permutations—northern candidates, Muslim-Muslim tickets, and so on. It seems to the average northerner that all this politics is about personalities and personal interests. It is not about people.”

Assessing Tinubu’s administration, Mohammed-Baba said the impact of government policies had been difficult for many Nigerians.

“The impact of his policies on the economy and especially on individual lives has been highly disappointing, if not disturbing,” he said.

He also expressed concern over the security situation across parts of the country, arguing that the government’s response had fallen short of expectations.

“Furthermore, the insecurity thing, no matter what the government says, is getting worse,” he said, noting that discussions around the deployment of forest guards had come only after renewed attacks in parts of the country.

Mohammed-Baba warned that communities increasingly resorting to self-help in the face of insecurity posed a threat to the authority of the state.

“We are gradually normalising self-help—that unless you do something, the government will not be there to protect you. That undermines the essence of the role of the state,” he stated.

The ACF spokesman also criticised former Vice President Atiku Abubakar, describing him as a “recurring decimal” in Nigeria’s presidential politics.

“I don’t see anything from him that presents an alternative apart from saying this government has failed,” Mohammed-Baba said. “Where is the beef?”

On Peter Obi, he argued that the former Anambra State governor had failed to sustain whatever political goodwill he enjoyed in the North before the 2023 elections.

“He has moved to two or three parties. The question we ask is: what does he want?” he said.

Mohammed-Baba further criticised Obi’s running mate, Rabiu Kwankwaso, over comments he said appeared to compare himself with revered northern figures such as Ahmadu Bello and Aminu Kano.

“In the North, that is very irreverent. It would be highly delusional for him to go that far and say he presents an alternative,” he said.

“An alternative in terms of what? Has he articulated anything on the economy, security, or infrastructure? When you keep talking about things in abstract terms that run counter-intuitive to what the people have held on to, you will run into trouble.”

Asked to identify a potential presidential aspirant capable of winning northern support ahead of 2027, Mohammed-Baba declined to endorse anyone.

“We are waiting to see,” he said.

He also cautioned the ruling All Progressives Congress (APC) against complacency, warning that attempts to weaken opposition parties through defections and legal battles could backfire.

“Nothing fails like success. Be very careful, because sometimes complacency can spring surprises,” he said.

Mohammed-Baba rejected suggestions that the North remained a unified voting bloc capable of determining election outcomes on its own.

“No one region can determine on its own the outcome of a presidential election, and the North has never been able to do so alone, outside of military rule,” he said.

With rising fuel prices, increasing numbers of out-of-school children and persistent attacks by bandits in parts of the North-West, Mohammed-Baba maintained that Nigerians were searching for leaders with practical solutions to the country’s challenges.

“Is there anybody offering an alternative now?” he asked. “I don’t see anything.”