Anambra FAAC Deductions: Why Peter Obi’s Debt Record Is Being Questioned

I am concerned by claims linking Peter Obi’s administration to Anambra State’s current FAAC deductions. While Governor Charles Soludo’s position against commercial borrowing is commendable, any claim about inherited debt should be backed by clear records. My position is that Obi did not take commercial bank loans during his tenure as governor between 2006 and 2014. The state may have accessed long-term development facilities from partners such as the World Bank and IFAD for erosion control and education projects, but these should not be presented as the same as high-interest commercial loans. Obi reportedly handed over cash reserves, foreign-currency investments and no outstanding salary, pension or contractor arrears in 2014. The government should therefore publish details of the loans behind the present deductions, including the lenders, approval records and dates they were obtained. Anambra residents deserve a transparent account of how the state’s liabilities developed. The current administration should explain its fiscal decisions on their merits rather than make broad claims about past governments.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.