Soludo seeks approval of N100b loan from Anambra assembly Four Months Into Office
Anambra State Governor, Prof Chukwuma Soludo, has written the Anambra State House of Assembly seeking approval for a loan of 100 billion naira. The loan facility, according to the letter, will be for the construction and refurbishment of key infrastructures in the State.
The Governor’s letter, dated July 5, 2022, was read at the plenary yesterday by the Speaker, Hon Uche Okafor. The Speaker said, Mr Governor, was seeking approval to secure a N100 billion Global Limit Multiple Term Loan Facility for the construction and refurbishment of key infrastructure in the state.
While presenting the report, Emeneka, (Anambra East Constituency), said that the revised budget was made up of N108 billion capital expenditure and N61.3 billion recurrent expenditure. He said, “After thorough scrutiny and review, we recommend that the size of the 2022 revised budget be retained except for little adjustments in some ministries, department and agencies’ allocation.
“That the sum of N169,621,744,131 be approved for the service of the Anambra state government for the year ending, Dec. 31, 2022, and for related purposes. The committee also recommends that subsequently, projects and contractors be specified and funds should be released to MDAs to ensure effective budget performance.” the Chairman said.
