By Dr Olusola Adegbite
The government of Anambra state, under the leadership of Prof. Charles Soludo, claims that as of when Mr. Peter Obi left office on 17th March 2014, his administration had taken a total of eight (8) different external borrowings for things such as malaria, erosion control, education, healthcare, etc.
They claimed that the loan amount in US Dollars as at the day signed was $123, 771, 179. 30 million and that according to the Debt Management Office (DMO) report of 30th June, 2026, the remaining balance of the Obi-era loans stood at $92, 353, 182 i.e., 127.4 billion naira, an amount which they now service with hundreds of millions of naira monthly.
Since the above claim was made, Tinubu supporters and sympathisers have found a new sense of joy and ecstasy, as if to say “if our principal is a drug lord, at least yours too is a debtor”.
It however turns out that authentic data from the DMO’s website tells a different story. As against the claim of the Soludo government, the DMO website reveals that as at 31st December 2013, the total external debt stock of Anambra state stood at $30, 323, 574. 40.
