Soludo approves N766bn Anambra budget for 2026
The Anambra State Governor, Chukwuma Soludo, has signed the 2026 Appropriation Bill into law, marking a significant milestone for the state’s fiscal management. The budget, increased from N757 billion to N766 billion after deliberations, aims to boost economic growth and infrastructure. Alongside the budget, Soludo also signed three other key bills into law. The governor emphasized transparency, accountability, and inclusive governance as guiding principles for his administration.
What we know
- Chukwuma Soludo signed the 2026 Appropriation Bill and three other major legislations into law.
- The budget was increased from N757 billion to N766 billion after reviews by the State House of Assembly.
- The 2026 budget allocates N595.3 billion for capital expenditure and N161.6 billion for recurrent expenditure.
- The budget has a deficit of N225.7 billion, to be financed through various funding options and partnerships.
- Soludo highlighted that the new laws and budget are designed to drive growth, improve infrastructure, and enhance social welfare in Anambra State.
