Soludo signs 2026 Appropriation Bill, three others into law
by The Eagle Online · The Eagle OnlineGovernor Charles Chukwuma Soludo of Anambra State has signed four Bills, including the 2026 Appropriation Bill into law.
The Bills, recently passed by the Anambra State House of Assembly, was increased from N757.5 billion, to N766 billion.
According to the lawmakers, the raise was to drive economic growth, infrastructure development, and programmes in the state.
Speaking shortly after signing the budget, Soludo described it as a strategic plan focused on delivering his administration’s promises and prioritizing the people’s needs.
The governor commended the lawmakers for their diligence and collaboration, reaffirming his administration’s commitment to transparency, accountability, and inclusive governance.
- Omokri decries ‘de-marketing’ of Nigeria following Joshua crash
- Mob sets NSCDC outpost ablaze in Kano, kills three suspects
- Crash: Akpabio mourns victims, thanks God for Anthony Joshua’s life
- Ekiti 2026: PDP missing as INEC releases list of governorship candidates
- Tinubu sympathises with Anthony Joshua after fatal road crash in Ogun
In the 2026 budget, recurrent expenditure is projected at N162.6 billion, representing a 16.6% year-on-year growth, while capital expenditure stands at N595.3 billion, a 26.3% growth relative to 2025.
The capital budget accounts for 79% of the total budget size, with recurrent expenditure at 21%, which is a clear demonstration of the state government’s commitment to deliver tangible outcomes for Anambra people.
During the presentation, the governor said the budget deficit is estimated at N225.7 billion, representing 29.8% of the total budget size.
The deficit, he said, is expected to be financed, if necessary, through hybrid financing options, including possible privatization proceeds, bump in IGR collections, and concessionary borrowing, mostly for bankable projects.
The governor also signed three other key Bills, including the Anambra Mission School of Nursing and Midwifery Law, 2025, Tax Clearance Certificate Law, 2025, and Anambra State Correctional Service Law, 2025.
Follow The Eagle Online Channel on WhatsApp
[wpadcenter_ad id='745970' align='none']