Newly inaugurated Governor of Anambra state, Professor Chukwuma Soludo says he inherited debt to the tune of N109 billion from the previous administration.
Gatekeepers News reports that Prof Soludo said the audited statement of the state was published on the 31st of December, adding that it is a matter of public record.
The newly inaugurated governor made this known while speaking about the funds available to his administration during the interview with Arise News.
Prof Soludo further stated that the cash available for the state was about N300 million to N400 million, while the state has a debt of N109 billion.
He noted that the fund is the baseline as they would need to look into other contingencies, contractor debts, draw the line and then move on.
According to him, the amount in debt for the state means that the new administration is kickstarting its operations with very little capital and an overwhelming debt profile.
The new governor stressed that his administration would firstly maximise the existing opportunities in the state, adding that they would be very transparent in their financial dealings and make every government transaction a matter of public record.
On the incident that occurred at his inauguration, between the wife of his predecessor and the former ambassador of Nigeria to Spain, the Governor said, “It’s not a distraction. It was meant to be, but has no impact on my work in office.”
Governor Soludo, however, maintained that his predecessor is an honourable man, stating that he loves Nigeria.
