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Changing Gears 2.0: Soludo’s Acceleration Budget For Anambra
By Christian ABURIME In an era where Nigerian states often retreat behind the shield of “economic headwinds,” Anambra State is charting a remarkably different course.
This is evident in Governor Chukwuma Soludo’s presentation of the N607 billion 2025 budget. Aptly tagged “Changing Gears 2.0”, the budget tells a compelling story of fiscal ingenuity, one where ambitious development meets pragmatic restraint.
The numbers are striking, not for their size, but for their context. At $357 million, this budget is actually smaller in real terms than what the state spent in 2008 ($517 million) or 2013 ($1.1 billion). Yet, paradoxically, it promises to deliver even more.
This is not just political rhetoric; it is backed by a clear track record of execution. Consider the mathematics of adversity: cement prices have more than tripled to N10,000 per bag, fuel costs have skyrocketed tenfold to over N1,000 per litre, and inflation continues its relentless march.
Lesser administrations might have used these as ready-made excuses. Instead, Governor Soludo’s team has transformed these constraints into a catalyst for innovation. Instructively, the budget’s architecture reveals a government that understands the art of prioritisation.
A 77:23 ratio of capital to recurrent expenditure is beyond just a number; it is a significant shift in state-level governance.
Most Nigerian states struggle to keep their recurrent expenditure below 70%.
By driving it down to 23%, Anambra State under the leadership of Governor Soludo is effectively saying: we will run a lean government to build a rich state.
But perhaps the most intriguing aspect of this budget is its candid honesty about weaknesses.
The state’s IGR currently stands at N2.5 billion monthly, against a potential of N10-15 billion.
This admission is not just all about transparency; it is also a challenge to the status quo. It suggests a government willing to confront its shortcomings rather than hide them. What’s more, the execution strategy reads like a business plan rather than a typical government document.
From transforming 22 schools into “smart schools” to distributing millions of economic seedlings and trees, from building the “largest shopping mall in Africa” to creating three new cities, the ambition is breathtaking.
Yet it is tempered with fiscal responsibility: the administration won’t borrow unless the loans are concessionary and tied to self-liquidating projects.
What is particularly noteworthy is the state’s approach to human capital development.
The extension of free education through SS3, recruitment of 8,115 teachers, and the innovative “One Youth, Two Skills” programme suggests a government thinking beyond the next election.
This is governance with a generational perspective. However, the true genius of this budget lies not in what it promises to spend, but in how it plans to achieve more with less.
The emphasis on strategic partnerships, community involvement, and private sector engagement suggests a recognition that the government alone cannot drive development. Critics might argue that the budget’s ambitions exceed its means.
But therein lies its brilliance: by setting ambitious targets while maintaining fiscal discipline, it creates a productive tension between aspiration and reality.
This tension, if properly managed, could be the catalyst for innovation in governance.
As Nigeria contends with the aftermath of fuel subsidy removal and currency unification, Anambra’s approach offers a template for other states.
“One Youth, Two Skills” programme suggests a government thinking beyond the next election.
It demonstrates that the answer to economic challenges is not always more money; sometimes, it is smarter money. Now, the success of this budget will ultimately depend on execution.
But by maintaining a capital-heavy investment profile while keeping recurrent costs low, prioritising revenue generation while resisting reckless borrowing, and balancing ambitious development with fiscal restraint, Governor Soludo is showing that it is possible to dream big while spending smart.
In the end, this “Changing Gears 2.0” budget is more than another routine financial document replete with platitudes.
It is a masterclass in governance under constraint, audaciously extending the mantra of Doing More with Less and representing another major step towards realising Governor Soludo’s vision of transforming Anambra into a smart, livable and prosperous mega city.
News
UK begins Alison-Madueke’s trial on bribery charges
Alison-Madueke sat in the dock alongside oil industry executive Olatimbo Ayinde, 54, who is charged with one count of bribery relating to Alison-Madueke and a separate count of bribery of a foreign public official.
The alleged corruption trial of the former Minister of Petroleum Resources, Diezani Alison-Madueke commenced on Tuesday at the London’s Southwark Crown Court.
Alison-Madueke sat in the dock alongside oil industry executive Olatimbo Ayinde, 54, who is charged with one count of bribery relating to Alison-Madueke and a separate count of bribery of a foreign public official.
British prosecutors told the court that Alison-Madueke took bribes including luxury goods and the use of high-end properties from industry figures interested in lucrative oil and gas contracts, when she was minister for petroleum resources between 2010 and 2015 under then-president Goodluck Jonathan and was also briefly president of the Organization of the Petroleum Exporting Countries (OPEC), the first woman to hold either role.
According to Reuters, the 65-year-old is now one of the most high-profile former energy officials to stand trial for alleged corruption, having been charged in 2023 with five counts of accepting bribes and a charge of conspiracy to commit bribery, which she denies.
Prosecutor Alexandra Healy told jurors at London’s Southwark Crown Court that Alison-Madueke “enjoyed a life of luxury in London”, where she often stayed, provided by those interested in being awarded or retaining contracts with Nigerian state-owned companies.
Healy said Alison-Madueke was given the use of high-end properties and vast quantities of luxury goods by people who “clearly believed she would use her influence to favour them”.
There was no evidence that Alison-Madueke awarded contracts to someone who should not have had one, Healy said.
But given Alison-Madueke’s role “she should not have accepted benefits from those who were no doubt doing extremely lucrative business in oil and gas with government-owned entities”, Healy added.
News
Bello Turji member of APC? It’s not true – Morka, APC spokesman
APC attributed the circulation of the document to “mischief makers” seeking to create confusion and foster discord within the polity for their own sinister objectives.
The ruling All Progressives Congress (APC) has officially debunked a viral social media post claiming that the notorious terror kingpin, Mohammed Bello Turji, has been registered as one of its members.
Reacting to the controversy on Tuesday, party spokesman Felix Morka described the purported membership slip as a “vile fabrication” designed by mischief-makers to mislead the public and tarnish the party’s image.
The APC clarified that the document, which allegedly emerged from the party’s ongoing Electronic Registration and Validation Exercise, bears no connection to its official database.Morka pointed out several glaring inconsistencies that expose the document as a crude forgery.
Specifically, the party noted that the fake slip claims Turji was registered in a “Ward 13” of the Shinkafi Local Government Area in Zamfara State.
However, official records show that Shinkafi LGA has only 10 wards, rendering the information on the slip geographically impossible.
“All digital parameters represented on the fake slip bear no connection to our Party’s membership register.
All other information paraded on the fake slip is nonexistent and certainly not contained in our membership database”, the party stated.
APC attributed the circulation of the document to “mischief makers” seeking to create confusion and foster discord within the polity for their own sinister objectives.
News
“I was never chased out of my office” – Wike
Wike disclosed that over ₦12 billion had just been approved for the payment of January salaries, describing the move as evidence of the administration’s commitment to staff welfare.
“I was never chased out of my office,” FCT Minister, Nyesom Wike, told journalists today in Abuja.
Wike accused unnamed politicians and senior civil servants of fueling the ongoing strike by workers of the Federal Capital Territory Administration (FCTA).
The aggrieved workers are calling for his sack over months of unpaid salaries and allowances, but Wike told journalists shortly after the National Industrial Court ordered an end to the industrial action, which has disrupted public services in Abuja for more than a week, that the strike had gone beyond workers’ welfare issues and was being exploited for political purposes, despite ongoing efforts by the administration to resolve the dispute through dialogue.
“The administration was already in the process of mediation when some politicians hijacked the strike,” Wike said, adding that several of the demands raised by workers were either unreasonable or had already been addressed.
He maintained that the FCTA had taken concrete steps to address workers’ concerns, including salary payments and reforms within the civil service.
Wike disclosed that over ₦12 billion had just been approved for the payment of January salaries, describing the move as evidence of the administration’s commitment to staff welfare.
The minister also pointed to improved revenue performance under his leadership, stating that the FCT had generated more than ₦30 billion in Internally Generated Revenue, a significant increase compared to previous years.
Wike urged workers to acknowledge reforms undertaken by the administration, including the establishment of the Civil Service Commission and investments in infrastructure across the territory
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