Amid Naira Devaluation, Anambra State Foreign Debt Portfolio Surges To N96billion
This is just as the country witnessed a fall in value of naira against the dollar and general devaluation of the country’s currency.
Areview of Anambra State’s accountant-general report has shown that the state’s foreign debt grew from N46billion in 2022 to N96billion in 2023.
This is just as the country witnessed a fall in value of naira against the dollar and general devaluation of the country’s currency.
The latest debt portfolio is according to the state’s 2023 financial statement filed by the Office of the Accountant-General.
This is also as the actual internal loans of the state dropped from N46.2 billion in 2022 to N45.5 billion in 2023.
A review of the state 2024 Third Quarter (Q3) budget performance report by SaharaReporters also revealed that the Christian and Muslim Pilgrims Welfare Boards in the state did not receive any funding at all from the government in 2024 Third Quarter.
The report further revealed that the state-owned radio/TV station – Anambra Broadcasting Service (ABS) did not receive any funding at all from the Soludo-led administration in 2024 in the Third Quarter under review.
According to the 2024 Q3 performance report, the Christian and Muslim Pilgrims Welfare Boards, the Anambra Broadcasting Service and the Ministry of Tertiary and Science Education did not also receive any funding at all from the state government in the First and Second Quarters (Q1 and Q2) of 2024.
Meanwhile, the 90-page Q3 budget performance report showed that Christian Pilgrims Welfare Board got what is captioned as 2024 original budget of N6,930,000, while the Muslim Pilgrims Welfare Board got a budget allocation of N6,867,000.
Also, the Anambra Broadcasting Service got a budget allocation of N485,100,000 but got zero naira as of the end of the third quarter of 2024.
The 2024 Q3 budget performance report also revealed that other agencies including the Tourism Board and Arts Council got original budget allocation of N1,000,000 and N291,478.97 respectively, but received zero funding from Q1 to Q3 of 2024 from Soludo-led administration.
Similarly, the report showed that Anambra State Industrial Development Agency and Anambra State Urban Water Assets Holdings Corporation got budgetary allocation of N217,867,000 and N1,086,180,184 respectively but received zero funding from the state government from Q1 to Q3 of the year.
SaharaReporters had earlier reported that some ministries, agencies and other government parastatals in the state did not receive any funding from Governor Soludo-led administration in 2024 first and second quarters (Q1 and Q2).
