Peter Obi Questions ₦3.3 Trillion Power Debt Approval
• Naijanews • Politics
Peter Obi, the former presidential candidate of the Labour Party, has raised concerns regarding the Federal Government's recent approval of ₦3.3 trillion to settle debts in the power sector. In a post shared via his official handle on Tuesday, Obi criticized the government's repeated approvals of large sums without clear evidence of tangible improvements in the sector. He referenced a previous approval of ₦4 trillion on July 25, 2024, aimed at addressing similar liabilities. Obi expressed worry over the current state of electricity supply in Nigeria despite significant financial interventions, linking this to campaign promises made by President Bola Ahmed Tinubu. He pointed out a disconnect in the national grid, criticizing the government's pattern of announcing policies without measurable outcomes. Obi also questioned the structural management of power sector debts and sought clarification on whether the latest ₦3.3 trillion approval was distinct from earlier ones, warning that failure to act decisively could prolong the country's electricity challenges.
Topics: Politics, Power