NEWS UPDATES 26/06/2022
Soludo Laments Huge Debt, Dwindling Resources In First 100 Days Briefing
Chukwuma Soludo has described his first 100 days as Anambra governor as “bumpy and challenging,” lamenting the state’s dwindling resources and huge debt inherited from his predecessor, Willie Obiano.
“The last 100 days have been bumpy and challenging as expected, with insecurity and a red treasury being the most potent, as clearly identified in our inaugural address,” Mr Soludo said.
In a state briefing on Saturday, Mr Soludo lamented insecurity, dwindling resources and huge debt his administration inherited from his predecessor.
“Since February 2022, the contribution of oil revenue from NNPC to the federation account has been zero and many states have difficulty paying salaries.
“Thus, with declining revenue in the context of insecurity and a mountain of debt (including over N20 billion in arrears of gratuity to pensioners since 2018) vis-à-vis the sky-high expectations from you (my employers), some fundamental disruptive changes are inevitable.
“I remind everyone who has tried to commiserate with me that I consciously applied for this job, and there will be no excuses,” Mr Soludo said.
A former Central Bank Governor, Mr Soludo assumed office in March after winning the Anambra governorship election which was held last year in November.