Calls Grow for Fresh Review of Nigeria’s $16 Billion Power Spending
Nearly two decades after questions were raised over Nigeria’s reported $16 billion power-sector expenditure between 1999 and 2007, the public still deserves a clear account of how the funds were used. A 2008 House of Representatives investigation raised concerns about abandoned projects, incomplete installations and poor electricity outcomes. Former President Olusegun Obasanjo disputed the allegations and cited official records in his defence. The writer calls on President Bola Tinubu to support an independent review of contracts, payments, equipment purchases, completed projects and any funds that may be recoverable. Any finding of wrongdoing should be handled through lawful investigation and due process. The post argues that accountability should apply to both current and former administrations, while Tinubu’s economic reforms should also be judged by their tangible impact on Nigerians’ lives.
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