Anambra State Governor Charles Soludo has disclosed that his administration has operated without taking any loans since he assumed office, saying prudent financial management has enabled the state to fund its development programmes
Soludo made the remarks on Monday while speaking at the Delta State Economic and Investment Summit, where he also expressed optimism about Nigeria’s economic outlook.
The former Governor of the Central Bank of Nigeria said the country’s economy has regained stability and is gradually improving.
He said:
“Nigeria has stabilised and is on the rise. I haven’t borrowed a dime since I became governor.”
The governor argued that states can achieve meaningful development without accumulating unsustainable debt if public resources are managed responsibly.
Soludo also encouraged Nigerians to embrace locally produced goods, stressing that the country’s quest for massive job creation would remain difficult as long as consumers continue to depend heavily on imported products.
He said:
“We cannot create the kind of jobs we want with all of us using foreign or imported goods.
I look in this room, and I see suits from Europe, America and China.”
According to him, patronising Nigerian-made products, especially clothing, could significantly boost employment, estimating that more than 10 million jobs could be created if the country’s estimated 247 million people prioritised locally made goods.
“If all 247 million Nigerians wear only made-in-Nigeria, more than 10 million jobs will be created,” he added.
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