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Power sector spending under fire as Obi queries repeated trillion-naira approvals
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.
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Peter Obi alleges thugs blocked visit to Yelwata massacre victims in Benue
By Philippine Duru
philippineobetoduru@gmail.com
08034905774
Former Anambra State Governor and Labour Party presidential candidate, Peter Obi, has alleged that suspected hired thugs obstructed his visit to Yelwata community in Benue State, where more than 270 people were reportedly killed in a deadly attack.
Obi made the allegation in a statement following his arrival in Benue on Tuesday, September 8, 2026, saying he had travelled to the state on a humanitarian mission to commiserate with families affected by the killings.
According to him, he arrived in Benue at about 9:00 a.m. but his convoy was prevented from proceeding to the affected community by individuals chanting, “Peter Obi, go back.”
Obi described the incident as distressing, stressing that his visit was not politically motivated but intended to mourn with the bereaved, listen to affected families and offer solidarity following the tragedy.
He said the obstruction was particularly troubling at a time when Nigerians should be united in grief and focused on preventing further loss of lives.
The former governor recalled that he had consistently promoted political civility, citing his attendance the previous day at the opening of the national campaign office of opposition presidential candidate and Oyo State Governor, Seyi Makinde, in Abuja.
He said his presence at the event was meant to demonstrate that political differences should not prevent mutual respect and civility.
Obi also recalled that while serving as governor of Anambra State, he personally welcomed visiting opposition members during election campaigns, provided their activities remained within the law.
He condemned what he described as efforts to deepen political divisions, insisting that Nigerians should be able to live, travel and farm without fear.
“At a time when our nation should be united in grief and resolute in preventing further bloodshed, we must reject any action capable of deepening our divisions,” Obi said.
He maintained that the primary responsibility of government was to protect human life, arguing that political considerations should never take precedence over the safety and security of citizens.
Although he could not reach Yelwata as planned, Obi said his thoughts and prayers remained with the victims, their families and the entire community.
He pledged to continue advocating for the protection of Nigerian lives, concluding with his familiar declaration: “A New Nigeria is POssible.”
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