Governor of Anambra State, Prof. Charles Soludo of Anambra State has said he inherited an empty treasury from his predecessor, Willie Obiano.
In what Soludo described as a “red treasury and pervasive insecurity” Soludo during his presentation of the N170 billion revised 2022 budget proposal to the Anambra House of Assembly, he said his government will do everything possible to overcome the “humongous” challenges.
“We have seriously started reforming our system of tax administration to significantly ramp up our internally generated revenue over the coming years. In the meantime, the dire needs of Ndi Anambra and our transformation agenda cannot wait,” Mr Soludo said.
“We are working on a mixture of financing options including debt that is ring-fenced to fund bankable projects and/or infrastructure with impacts on the economy to guarantee efficient and effective service delivery to our people while ensuring fiscal sustainability over the medium to longer terms,” he said.
Recall that few days after taking over from his predecessor, Soludo during a programme on Arise TV, said he inherited about N400 million in the state treasury and over N109 billion debt.