RismadarVoice Reporters
September 25, 2026
Former Anambra State governor and NDC presidential candidate Peter Obi has said the state could have cleared all its foreign debt and still retained at least $240 million if the financial resources he left behind had been maintained.
Obi made the claim during an interview on Friday while responding to the controversy surrounding Anambra State’s debt position at the end of his administration.
“If they had followed what I left, they would have cleared all foreign debt today and still have at least $240 million left, which is around 350 to 400 billion Naira today, earning a minimum of $20 million every year. So when people claim otherwise, it is incorrect,” Obi said.
The former governor maintained that Anambra was in a strong financial position when he left office, arguing that the funds and investments available could have covered the state’s foreign obligations while preserving substantial reserves.
He said the $240 million should not be viewed merely as idle funds, claiming it could have generated at least $20 million annually for the state.
Obi consequently rejected claims that his administration left Anambra in a substantially different financial position, maintaining that the assets and investments handed over provided sufficient resources to address the state’s foreign debt while retaining significant funds.
