Atiku Abubakar Critiques ₦4tn Power Sector Bond Plan

Atiku Abubakar, the former Vice President of Nigeria and presidential candidate for the African Democratic Congress, has condemned the federal government's plan to issue a ₦4 trillion bond aimed at settling debts in the power sector. He demands full public accountability regarding the whereabouts of previously raised funds, questioning the government's repeated borrowing practices without disclosing the outcomes of prior interventions.

Atiku's Senior Special Assistant on Public Communication, Frank Shaibu, described the government's latest bond issuance as a potential increase in debt liability. He noted that despite previous announcements of debt clearance initiatives, significant debts remain unsettled.

Atiku referenced a ₦590 billion bond issued in December 2025 and a ₦3.3 trillion plan approved by President Bola Tinubu in April 2026, both aimed at addressing power sector debts. He criticized the government's lack of transparency and accountability in managing public funds, likening the situation to a recurring cycle of borrowing without resolution.