Soludo Promises Transparent Management, Says State Finance In Bad Shape

March 22, 2022

New governor of Anambra State, Professor Chukwuma Soludo has reiterated the resolve of his administration to run a transparent financial management system even as he disclosed that the state’s finance is in bad shape.

Soludo who was sworn in last Thursday March 17, made the disclosure on Tuesday during Arise TV Morning Show programme.

He said that his administration met about N400 million and inherited a debt of over N100 billion.

Join our WhatsApp Channel

The former governor of CBN said the details are available in audited account already published as a public document.

He further stated that it is the baseline he met which his administration will take up from and look for ways to finance various projects he is set to embark on.

“The state finance is not quite robust, to put it mildly. The debt is probably in the range of N100 to N109 billion. Then interms of cash, we met about N300 or N400 million. That’s what the state has,” Soludo stated.

“We intend to have a transparent public finance management where we gonna publish everything, so that everybody would know what is there and what is not there; what penny comes in and what it’s used for. That’s part our aspiration, it’s a part of our promise,” the governor stated.

Responding to question about possibility of either having friction with his predecessor or deputy governor, as is often obtainable in different states, Soludo said such will not be the case in his administration, adding that he will bond very well with the deputy governor, Dr. Onyeka Ibezim to deliver quality leadership to people of the state.

He equally reiterated his resolve to rid the state of touts who collect illegal dees at markets and motor parks in different cities in the state, adding that he is determined to crush those who may attempt to resist the order

According to him, such illicit activities scare away people coming to the state for businesses which has negative implications on economic activities in the state.

On the agenda of promoting made-in-Anambra product, the Professor of Economics said that’s the way to go in terms of creating jobs and boosting economic activities in not just the state but the entire country.

 

victor ezeja
Correspondent at  |  + posts

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

What Businesses Don’t Know About Interactive Touchscreens
Previous Story

What Businesses Don’t Know About Interactive Touchscreens

Ugwuanyi’s Loyalists Reject Plot To Impose PDP Lawmaker In Enugu
Next Story

Ugwuanyi’s Loyalists Reject Plot To Impose PDP Lawmaker In Enugu

Featured Stories

Latest from News

China–Nigeria Trade Reaches $22.3bn, Beijing Says

Trade between China and Nigeria reached $22.3bn in the first ten months of 2025, China’s consul-general in Lagos has said. Yan Yuqing told a media forum in Lagos that the figure represented a 30% increase compared with the same period last year.

$9.5m UK Loot Earmarked for Completion of Abuja–Kano Road

More than $9.5m recovered from corruption-linked funds in the UK will be used to complete sections of the Abuja–Kano Road, Nigerian and Jersey authorities have said. The money, held in a bank account in Jersey, was forfeited after a court ruled that

Nigerians React After Trump Warns of Possible US Strikes

President Donald Trump’s warning that the United States could carry out further military strikes in Nigeria if attacks on Christians continue has sparked widespread debate both online and in political circles. The remarks, made in an interview with The New York Times,
What Businesses Don’t Know About Interactive Touchscreens
Previous Story

What Businesses Don’t Know About Interactive Touchscreens

Ugwuanyi’s Loyalists Reject Plot To Impose PDP Lawmaker In Enugu
Next Story

Ugwuanyi’s Loyalists Reject Plot To Impose PDP Lawmaker In Enugu

Don't Miss

images 58

IMF Warns Cryptocurrency Risk Might Affect Stock Market Investors

International Monetary Fund (IMF) said retail and institutional investors in

BREAKING: Another Building Collapses In Lagos

A building located on Sonuga Street, Palm Avenue in Mushin