Former Nigerian Vice President Atiku Abubakar has publicly condemned the Federal Government’s proposal to issue a ₦4 trillion (approximately $5.5 billion USD) bond to address outstanding debts within the power sector. Abubakar questioned the necessity of further borrowing, particularly without a clear accounting of funds previously allocated to the sector. He urged transparency and accountability regarding how existing financial resources have been utilized, expressing concern that the new bond could exacerbate the nation’s debt burden. The former VP’s statement calls for a detailed explanation of past spending and a comprehensive plan to ensure the effective use of any new funds. He fears the bond may not resolve the underlying issues plaguing Nigeria’s power supply. This criticism adds to growing scrutiny of the government’s financial management of the crucial power sector.