Peter Obi And Record Of Public Debt In Anambra - Anambra State Government
Anambra State Government: Peter Obi Borrowed, Left Debts; Audit Uncovers Missing Ecological Fund. Responding to Obi's viral post on 'Phantom Debts and Ecological Loan Fallacy', the government states: Fact 1 - HE Peter Obi spent about $4.05 billion (~N5.4 trillion at current exchange rate) in 8 years and contracted US$123.77 billion in external debt alone (DMO figure: total loans signed at date US$123,771,179.30); as of June 30, 2026, total balance of loans left by Obi stood at N127.4 billion (US$92,353,182).
The 8 external borrowings: Malaria Control Booster Project (2007, $9.47m; N6.18bn outstanding), Third National Fadama Development Project (2009, $7.18m; N6.03bn), Health System Development Project II (2009, $4.12m; N2.82bn), Malaria Control Booster Add. Fin. (2009, $4.43m; N4.37bn), State Education Programme Investment Project (2013, $48.33m; N51.50bn), Community and Social Development Project (2009, $4.84m; N5.11bn), Nigeria Erosion and Watershed Mgt Project (2013, $37.89m; N48.08bn), Value Chain Development Project (2013, $7.5m; N3.28bn).
Government says it pays hundreds of millions of Naira monthly servicing these debts 'and we are not complaining', adding Obi left no functioning water schemes, dead public schools/hospitals (44% of communities - 78 of 179 - without public primary schools), decrepit infrastructure and huge urban slums. (Modified 10:45am.)
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