First 100 Days: Soludo Laments Huge Debt, Dwindling Resources

Chukwuma Soludo lamented the state's diminishing resources and massive debt he inherited from his predecessor, Obiano, and called his first 100 days as governor of Anambra as "bumpy and hard."

Mr Soludo assumed office in March after winning the Anambra governorship election which was held last year in November.

Insecurity and a red treasury have been the most potent forces over the past 100 days, as was made very evident in our inaugural address, Mr. Soludo added.

Mr. Soludo bemoaned the instability, diminishing resources, and enormous debt his administration inherited from his predecessor at a state briefing on Saturday.

He said, "Since February 2022, the contribution of oil revenue from NNPC to the federation account has been zero and many states have difficulty paying salaries.

"Thus, with declining revenue in the context of insecurity and a mountain of debt (including over N20 billion in arrears of gratuity to pensioners since 2018) vis-à-vis the sky-high expectations from you (my employers), some fundamental disruptive changes are inevitable.

"I remind everyone who has tried to commiserate with me that I consciously applied for this job, and there will be no excuses," Mr Soludo said.


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