Anambra State Governor, Prof. Chukwuma Soludo, has disclosed that his administration opted out of a pre-existing World Bank loan agreement to prevent the state from accumulating unsustainable debt.
Speaking on Sunday during an inspection of the ongoing Government House and Governor’s Lodge project in Awka, Soludo stated that his government had not borrowed from any financial institution and also declined the Federal Government’s loan offer to states in 2024.
The former Central Bank of Nigeria governor explained that while the funds were available, the loan terms were unfavorable and would have placed an unnecessary financial burden on future generations. He reiterated his commitment to executing major developmental projects without plunging the state into debt.
Soludo also highlighted his administration’s efforts to provide Anambra with a permanent Government House and Governor’s Lodge, a project previous administrations had neglected since the state’s creation 34 years ago. He described the facility as a long-term investment designed to last for centuries.
Beyond infrastructure, he noted achievements in road construction, with 750 kilometers of roads completed or underway, alongside progress in education, healthcare, and youth empowerment. He reaffirmed his commitment to financial transparency and prudent resource management.
Commending Soludo’s leadership, Mr. Kamen Ogbonna of the Ifeanyi Ubah Media Team praised the governor’s ability to execute large-scale projects without borrowing. Nollywood actors, including Steve Alajemba and Collins Monago, also lauded his administration’s efforts and urged Anambra residents to support his government ahead of the November 8 governorship election.
