Connect with us

News

Anambra Governor, Charles Soludo Reveals Why He Want To Borrow N100 Billion

Published

on

Anambra State Governor, Charles Soludo has revealed that the N100 billion loan his administration decided to borrow is meant for critical infrastructural development, particularly in building roads, bridges, and others in the state.

Anambra Governor, Charles Soludo Reveals Why He Want To Borrow N100 Billion

Soludo Borrow N100 Billion

The governor spoke on Thursday evening while assenting to the 2022 Revised appropriation budget of N170 billion tagged, “Building Off From The Blocks” at the Government House, Awka.

According to him, the whole amount will not be spent this year and there will be absolute prudence in making sure Anambra gets value for the money that will be borrowed.

Soludo, who stressed that Anambra people cannot longer wait, said that money would be judiciously used to create wealth for the benefit of the people of the state.

The governor commended members of the House of Assembly for being diligent, responsible and responsive to their job as lawmakers and representatives of the people of Anambra State.

He canvassed for stronger synergy between the legislative and other arms of government for greater Anambra.

READ:  9-Year-Old Pupil Sues Ogun State Government Over Alleged Abuse Of Human Rights

“The patriotic and responsive manner the budget was passed by the State House of Assembly was not only commendable but signalled the birth of a new partnership for a greater Anambra,” he said.

According to him, there was no underhand dealings in signing the budget, rather the process was conducted with integrity, patriotism and responsiveness.

Soludo recounted that in his campaign manifesto, N250 billion was estimated as the amount required to build critical infrastructure towards the realisation of the livable and prosperous homeland in the state that every Anambra person yearns for.

He, however, lamented, that the resources at the government disposal are abysmally lean, adding that the earnings from the oil sector had become so low.

According to the governor, the government was left with no option but to ratchet up multiple strategies including taking a look at the trajectory of expenditure, introducing prudence in spending, among others.

READ:  "I Personally Transmitted Election Results To INEC Server Using A Code" - Presiding Officer

He also stated that as part of the measures to improve government finances, efforts are being made to digitize the Internally Generated Revenue of the state to eliminate leakages.

The governor specifically thanked the Speaker and the House members for understanding the exigencies to approve the planned loan.

“I promised Ndi Anambra the money will be spent on critical infrastructure, particularly on roads, bridges, flyover, among other strategic places.

“I thank Ndi Anambra for their support and sacrifices through payment of their fair share of taxes and others. For people who have violated public order such as indiscriminate building of illegal structures, we say enough is enough. These are necessary, painful steps that we must take to rescue our state,” he said.

In Other News: Governor Charles Soludo said the General Overseer of Mountain of Holy Ghost Intervention and Deliverance Ministry Chukwuemeka Ohanaemere, popular known as Odumeje, would pay the cost of demolishing his church.

READ:  PHOTO: What The Scene Of The Lagos Island Explosion Looks Like Now

"I’m Praying For Every Understanding Woman" – Wizkid Shades Chioma Ahead Of Wedding To Davido
Entertainment3 hours ago

“I’m Praying For Every Understanding Woman” – Wizkid Shades Chioma Ahead Of Wedding To Davido

"My First Wife Is Gone Forever” – Olakunle Churchill Loses His Grandmother [Video]
Celebrities3 hours ago

“My First Wife Is Gone Forever” – Olakunle Churchill Loses His Grandmother [Video]

"Don't Release Songs Until After Davido And Chioma's Wedding" - Do2dtun Warns Artists
Celebrities4 hours ago

“Don’t Release Songs Until After Davido And Chioma’s Wedding” – Do2dtun Warns Artists

“I Don’t Believe In One Wife, It's Not Our Culture Or Tradition" - Kanayo O Kanayo [Video]
Entertainment21 hours ago

“I Don’t Believe In One Wife, It’s Not Our Culture Or Tradition” – Kanayo O Kanayo [Video]

Laide Bakare Accuses Police Of Dragging Her From Car, Driving Off With Daughter [Video]
Entertainment21 hours ago

Laide Bakare Accuses Police Of Dragging Her From Car, Driving Off With Daughter [Video]

''We Will Build A Bigger Church'' - Chris Oyakhilome Reacts As Fire Guts Christ Embassy Church Headquarters 3
News21 hours ago

”We Will Build A Bigger Church” – Chris Oyakhilome Reacts As Fire Guts Christ Embassy Church Headquarters

Yul Edochie Places N1m Bounty On People Plotting To Hurt His Children, Kill Judy Austin
Entertainment22 hours ago

Yul Edochie Places N1m Bounty On People Plotting To Hurt His Children, Kill Judy Austin

Chivido 2024: “Oya Come My Wedding” - Davido Taunts People Claiming He’s Too Accessible
Entertainment2 days ago

Chivido 2024: “Oya Come My Wedding” – Davido Taunts People Claiming He’s Too Accessible

Chelsea Agrees £19m Deal With Aston Villa For Teenager Star, Omari Kellyman
Sports2 days ago

Chelsea Agrees £19m Deal With Aston Villa For Teenager Star, Omari Kellyman

Davido Abandoned Imade Because I Refused To Sleep With Him - Sophia Momodu
Celebrities2 days ago

Davido Abandoned Imade Because I Refused To Sleep With Him – Sophia Momodu

Unregistered Tiger Nut Drinks Caused Lagos Cholera Outbreak, Death Toll Rises To 24
Health2 days ago

Unregistered Tiger Nut Drinks Caused Lagos Cholera Outbreak, Death Toll Rises To 24

Sister Of Abuja Cab Driver Accused By Daniella Peters Denies Kidnap Allegations [Video]
Celebrities2 days ago

Sister Of Abuja Cab Driver Accused By Daniella Peters Denies Kidnap Allegations [Video]

Ayra Starr Reveals Why She Can No Longer Stand Straight
Entertainment2 days ago

Ayra Starr Reveals Why She Can No Longer Stand Straight

Fubara Appoints Wodo To Replace Wike’s Ally Awuse As Chairman Of Rivers Traditional Rulers Council
Politics2 days ago

Fubara Appoints Wodo To Replace Wike’s Ally Awuse As Chairman Of Rivers Traditional Rulers Council

Dammy Krane Continues 'Murder' Allegations Against Davido Despite Cease And Desist Letter
Entertainment2 days ago

Dammy Krane Continues ‘Murder’ Allegations Against Davido Despite Cease And Desist Letter

How I Was Almost Kidnapped By A Cab Driver In Abuja - BBNaija’s Daniella Peters
Celebrities2 days ago

How I Was Almost Kidnapped By A Cab Driver In Abuja – BBNaija’s Daniella Peters

Davido Issues Cease And Desist To Dammy Krane, Threatens Defamation Lawsuit
Entertainment2 days ago

Davido Issues Cease And Desist To Dammy Krane, Threatens Defamation Lawsuit

Journalist Joe Waksi Found Dead Days After He Was Declared Missing In Abuja
Metro3 days ago

Journalist Joe Waksi Found Dead Days After He Was Declared Missing In Abuja

A Man Can Have 5 Girlfriends, But If Your Wife Dates Another Man, Your Life Is In Danger - Joe Igbokwe
Celebrities3 days ago

A Man Can Have 5 Girlfriends, But If Your Wife Dates Another Man, Your Life Is In Danger – Joe Igbokwe

"They Tried To Stop Davido, Chioma’s Wedding But God’s Will Happened" - Cubana Chief Priest [Video]
Entertainment3 days ago

“They Tried To Stop Davido, Chioma’s Wedding But God’s Will Happened” – Cubana Chief Priest [Video]