The Anambra State government and former governor Peter Obi are locked in a public dispute regarding his administration's financial record and governance legacy when he left office in 2014.
The state government has criticized Obi for prioritizing financial savings over citizens' welfare during his tenure. According to state officials, governance requires addressing immediate social needs rather than accumulating bank savings and interest while residents face hardships. The administration argued that capital should be directed toward human capital development and infrastructure rather than being kept in financial institutions.
Furthermore, the state government alleged that Obi's administration left behind significant liabilities, including millions of naira in unpaid salary arrears and various project loans obtained for education, healthcare, erosion management, and community development. Officials also accused the former governor of concealing these debts in his official handover notes, pointing to infrastructure deficits, public health challenges, and widespread gully erosion sites as evidence of shortcomings during his term.
In response, Peter Obi strongly rejected the allegations, maintaining that his administration left the state in a strong financial position. He stated that he left substantial dollar-denominated savings and investments in various bonds, which generated a steady annual income for the state. Obi challenged the current administration to substantiate claims of unpaid salaries, pensions, or contractor liabilities, arguing that the returns from his investments would have easily covered any alleged debts while keeping the principal intact.
The debate continues to draw attention as both sides offer contrasting views on the balance between fiscal savings and direct public investment in infrastructure and welfare.
