DMO Records Show Rise in Anambra State's External Debt During Obi's Tenure

The Debt Management Office (DMO) maintains records of Anambra State’s external debt, showing a rise during Peter Obi’s tenure as governor. The DMO data indicates that the state’s external debt was $16.87 million in December 2006. By the time Obi left office in March 2014, the debt had increased to $30.32 million, representing about an 80 per cent rise over that period.

These figures are central to an ongoing dispute between Peter Obi and the current Anambra State Government regarding financial liabilities inherited by successive administrations. The current state government states that Obi’s administration left eight external loan facilities that subsequent governments have continued to service.