Former Labour Party presidential candidate, Peter Obi, has called for greater transparency following the Federal Government’s recent approval of ₦3.3 trillion to address liabilities in Nigeria’s power sector.

In a statement shared via his X handle, Obi questioned the rationale behind repeated financial interventions, noting that similar approvals had been made in the past without corresponding improvements in electricity supply.

He recalled that ₦3.3 trillion was approved in May 2024 for related obligations, followed by a ₦4 trillion bond in July of the same year, raising concerns about whether previous measures were effectively implemented.

Obi expressed worry that despite these substantial commitments, power supply across the country has continued to decline. He referenced campaign promises made by Bola Tinubu in 2023 regarding stable electricity, noting that the current situation falls short of expectations.

He criticised what he described as a pattern of policy announcements without measurable outcomes, warning that the sector risks remaining trapped in inefficiency and mounting debt.

The former governor also questioned the management of funds within the sector, including why government institutions have struggled to meet electricity payment obligations despite budgetary provisions.

Obi further demanded clarity on key issues surrounding the debt, including its origin, structure, and beneficiaries, as well as whether the latest approval differs from previous allocations.

He stressed the need for decisive reforms rather than repeated financial injections, urging authorities to prioritise accountability, transparency, and effective implementation.

According to him, without meaningful action, Nigeria may remain stuck in a cycle of inadequate power supply and rising debt burden.