• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Soludo signs revised budget of N170bn, borrows N100bn

Soludo

The Matters Press by The Matters Press
July 22, 2022
Reading Time: 1 min read
0
Soludo dares IPOB

Governor Chukwuma Soludo of Anambra, has signed the revised budget of N170 billion into law.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Soludo said that the budget christened; “Building off from the Blocks”, fell short of N250 billion, estimated as the amount required in building critical infrastructure in the state.

Mr Christian Aburime, Press Secretary to Soludo, who disclosed this in a Statement on Friday, said the governor commended the Anambra lawmakers for being diligent, responsible and responsive.

`While commending the speedy passage of the budget, the governor called for stronger synergy between the legislature and other arms of government.

“There were no underhand dealings in signing the budget, rather the process was conducted with integrity, patriotism and responsiveness,” he said.

Soludo, who said though the resources at government’s disposal were abysmally lean, and earnings from the oil sector were so low, his administration would bridge the deficit through multiple strategies, including cutting down on expenditure and prudent procurement process.

The governor said he obtained the approval to borrow N100 billion to boost available finances, for effective execution of the budget.

Soludo thanked the State House of Assembly members for understanding the exigencies in the borrowing plan, and promised that the money would be spent on critical infrastructure.

“Not all the borrowed money will be spent this year; it will be re-fenced and used for critical infrastructure development, particularly in building roads, bridges and others.

“There will be absolute prudence in making sure the people of Anambra get value for the money borrowed, and every kobo judiciously used to create wealth.

“My administration is currently cleaning up the state wage bill and the payroll system,” he said.

The governor thanked the people of the state for their support and sacrifices through payment of their taxes and other civic duties.

Tags: BudgetSoludo
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
Group bemoans level of crude oil theft

EU, NNPC visit major illegal oil refining site in Rivers

CAC, Pakistani investors on economic diversification

CAC to be repositioned as one of best global registries— Registrar

Recommended Stories

Amended charge filed against Nnamdi Kanu

Embattled secessionist leader, Kanu, pleads not guilty to treason charges

October 21, 2021
Calabar Port receives 72 vessels in 5 months

ANLCA crisis ends as CRFFN inaugurates board

March 15, 2023
Free Caesarian sections initiative will lift Nigeria from list of countries with high maternal deaths

Free Caesarian sections initiative will lift Nigeria from list of countries with high maternal deaths

November 11, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us