Governor Chukwuma Soludo on Tuesday, November 25, laid before the Anambra State House of Assembly a ₦757 billion budget proposal for the 2026 fiscal year, saying it reflects a renewed push to accelerate his administration’s development blueprint.

Tagged “Changing Gears 3.0: Solution Continues,” the governor said the budget intensifies the execution of the transformative agenda his administration has pursued since inception.

Soludo revealed that the proposal allocates ₦595.3 billion to capital expenditure, representing 79% of the total budget size, a continuation of his infrastructure-driven governance philosophy.

Recurrent expenditure stands at ₦161.6 billion, or 21% of the budget.

The governor disclosed that the spending plan carries a ₦225.7 billion deficit, which will be financed through a mix of public-private partnerships, improved IGR, concessions, and support from financial institutions.

Presenting the fiscal document, Soludo said: “I present to you the proposed 2026 budget, totalling ₦757,884,487,705. Compared to the 2025 budget of ₦606.99 billion, this represents a 24.1 per cent increase.”

He noted that despite 2025 being an election year, the state recorded over 60% budget performance, maintaining focus and “execution mode.”

The governor emphasised that the 2026 framework is designed to drive growth across all sectors while upholding disciplined fiscal management.

“We remain committed to responsible fiscal management, with no borrowing for consumption. I want to assure you that every kobo will be prudently utilised to maximise value for the people of Anambra,” Soludo noted, adding that the aim is to continue laying the foundation for a prosperous, liveable and smart homeland.

Receiving the proposal, Speaker of the House, Somtochukwu Udeze, commended Soludo for the “massive ongoing transformation projects” across the state.

He assured the governor that the draft budget would receive swift and thorough legislative consideration.

Naijaonpoint reports that the difference between the 2025 and 2026 budgets, ₦606bn to ₦757bn, is ₦151 billion, representing a 24.1% growth.