FACT CHECK: Did Obi’s Administration Owe $123.77m As Anambra Govt Claimed?
Former Anambra State Governor, Peter Obi, left office on March 17, 2014, after completing his second term, and handed over power to Willie Obiano. The amount of debt allegedly left by Obi’s administration has become a subject of controversy following claims by the Anambra State Government that eight external borrowing facilities linked to projects […]
Former Anambra Governor Peter Obi claimed in 2014 that his administration left behind $123.77 million in external debt. However, a fact-check of the available data shows that this figure is not verifiable. The Debt Management Office (DMO) records do not confirm $123.77 million as Anambra's outstanding external debt on the day Obi left office on March 17, 2014.
The closest available DMO record before his departure shows the debt was around $30.32 million as of December 31, 2013. The first record after Obi's departure shows a debt of $41.46 million on June 30, 2014. The DMO figure for December 2014 stands at $45.15 million, consistent with Obi's claim. The latest DMO record shows Anambra's external debt at $102.58 million as of December 31, 2025.
Therefore, the $123.77 million figure should not be presented as the exact amount of debt inherited by Anambra from Obi's administration.
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