- Total Budget: N410 billion, representing a 57.8% increase from the previous year’s allocation
- Recurrent Expenditure: N96.2 billion (23.46% of the total budget)
- Capital Expenditure: N313.9 billion (76.54% of the total budget)
- Sectoral Increases:
- Administration: 50.85%
- Economy: 103.43%
- Judiciary: 72.9%
- Social Sector: 60.24%
- Education: 140.88%
- Health: 169.55%
- New Initiatives: Developing three new cities (Awka 2.0, Onitsha 2.0, and a new Industrial City), finalizing an industrial master plan, completing a railway master plan and feasibility study, and signing a US$200 million project development advisory financing agreement with Afreximbank
- Internally Generated Revenue (IGR): Governor Soludo emphasized the need for increased IGR, calling on residents to pay their taxes
Governor Chukwuma Soludo has presented a proposed budget of N606.9 billion for Anambra State’s 2025 fiscal year, marking a significant 48% increase from the 2024 budget of N410.13 billion . This substantial boost aims to drive growth and development across various sectors, with a focus on infrastructure investment, education, health, and economic development.
Budget Breakdown:
- Recurrent Expenditures: N139.5 billion, reflecting a 45% growth
- Capital Expenditures: N467.5 billion, representing a 48.9% increase
- Capital Budget: 77% of the total budget size
- Recurrent Expenditures: 23% of the total budget size
Sectoral Increases:
- Administrative Sector: 45.5%
- Economic Sector: 40.1%
- Judiciary Sector: 51.3%
- Health: 57.1%
- Infrastructure Investment: 38.9%
Notably, Governor Soludo has assured that his administration has no plans to borrow to finance the 2025 budget, contrary to initial reports . This is consistent with the state’s approach in 2023 and 2024, where deficits were managed without borrowing.
