Gov Chukwuma Soludo of Anambra on Tuesday presented a budget of N606.99 billion christened “Changing Gears 2.0” to the Anambra House of Assembly.
The budget is N196,85 billion representing a 48 per cent increase over the budget of 2024.
Soludo, who presented the budget at the Anambra House of Assembly, said the budget had an expenditure estimate of N139.5 billion and capital outlay of N467.5 billion representing 23 per cent and 77 per cent respectively of the entire budget cost.
The News Agency of Nigeria (NAN) reports that the 2025 outlay for recurrent and capital had increases of 45 per cent and 48.9 per cent respectively over those of 2024.
Soludo said the budget had a deficit of N148.3 billion which would be raised from revenue growth or borrowing from financial institutions.
“So far, in both 2023 and 2024, we did not borrow to finance budget deficits, depending on the execution in 2025, we may still not borrow to fund the deficit,” he said.
Soludo said that during the outgoing year, his administration had delivered on its agenda of security, law, order, infrastructure, economic transformation, human capital, social agenda, governance, value system and environment.
He said over 540 kilometers of roads were under construction, with about 310 kilometers already asphalted in the last 30 months,
“Our vision to turn Anambra into a destination rather than a departure lounge is fully on course.
“From the foregoing, it is evident that there is no stopping our consistent acceleration in a steadfast execution mode,” he said. (NAN)
