Peter Obi has questioned the administration of President Bola Tinubu over the reported approval of N3.3 trillion to settle debts in Nigeria's power sector. The former Anambra State governor described the disbursements as "repeated," suggesting a pattern of financial commitments without visible improvement in electricity supply. He raised concerns about the transparency and effectiveness of the allocations, demanding clarity on how the funds are being used. Obi referenced previous interventions in the sector that failed to yield lasting results, despite massive spending. His statement did not include new evidence but pointed to public reports of multiple debt settlements under successive administrations. The power sector has long struggled with inefficiency, technical losses, and poor revenue collection, undermining reform efforts. Obi's critique centers on accountability, asking whether the latest allocation will differ from past expenditures in impact.
Spending N3.3 trillion on power sector debts without measurable gains shows a cycle of financial injections that benefit intermediaries more than consumers. Peter Obi's challenge exposes how successive administrations, including Tinubu's, repeat the same funding playbook despite unchanged outcomes. For Nigerians, this means continued blackouts and higher tariffs without the infrastructure to match. The real issue isn't just the debt—it's the lack of consequence for failure.
