Anambra 2025 Budget: Translating Ambitions into Realities

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Description
On November 19, 2024, Governor Chukwuma Soludo presented the Anambra State 2025 budget to the State House of Assembly, unveiling a ₦606.99 billion proposal for the coming year. This is...
show moreA breakdown of the budget, termed "Changing Gears 2.0," shows that ₦467.5 billion—which is about 77%—is earmarked for capital expenditure, while ₦139.5 billion is allocated for recurrent expenditure.. The budget deficit is estimated at N148.3 billion (which is 24% of the budget compared to 30% in the 2024 budget). It is expected to be funded through revenue growth or borrowing from financial institutions.
So as the state prepares for the next fiscal year, we ask: How will the ambitions contained in the budget be translated into concrete results? Can the state generate sufficient revenue to fund them? With a deficit of ₦148.3 billion, what does it say about the state's fiscal sustainability? How will this budget compare to past ones in terms of execution and real impact?
Governor Soludo has consistently championed a smart and liveable mega city, yet the true test lies in whether his vision can be realized or if the state will face challenges in translating its plans into reality. Can the 2025 budget overcome the pitfalls of budget proposals and bring about the transformation Anambra needs?
Information
Author | Njideka Maduka |
Organization | NJ |
Website | - |
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