Obi Dismisses Anambra Debt Claims, Cites $150M Left Behind

​Former Anambra State Governor and presidential candidate Peter Obi has strongly rejected claims by the current state administration linking his tenure to a $123.77 million external debt burden.

​Addressing the public following intense discussions and recent figures released by the state government, Obi clarified that he maintains a cordial relationship with Governor Chukwuma Soludo and has no intention of returning to state politics. However, he firmly defended the fiscal record of his administration, which ran from 2006 to 2014.

​Key Points of Clarification

• ​Nature of Multilateral Funds: Obi explained that the eight facilities cited are concessionary development programs from the World Bank and IFAD, negotiated at the federal level rather than conventional commercial loans secured directly by his administration.

• ​Accounting Discrepancies: He criticized the state government for combining total approved multiyear program caps, actual drawdowns, and outstanding balances into a single misleading figure, noting that DMO records placed Anambra’s actual external debt at roughly $30 million when he left office.

• ​Zero Domestic Liabilities: Reaffirming his exit terms, Obi stated that his government left behind zero unpaid salaries, gratuities, pensions, or verified contractor obligations.

• ​The $150 Million Investment: Obi emphasized that he handed over more than $150 million in dollar-denominated investments, which were projected to yield about $10 million annually—an income stream he argues could have easily serviced any legitimate outstanding obligations many times over.

​Concluded by shifting focus back to national issues, Obi stated his commitment to addressing the wider socioeconomic challenges facing Nigerians ahead of his presidential pursuit.

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​ANAMBRA STATE FINALLY REVEALS PETER OBI’S LOANS

​This video provides additional context and background analysis regarding the ongoing public dispute over Anambra State’s finances and the legacy of loans attributed to Peter Obi’s administration.