Anambra State Governor, Charles Soludo, on Monday declared that his administration had not borrowed any money since he assumed office, insisting that prudent resource management and fiscal discipline could deliver sustainable development without plunging states into debt.
The former Governor of the Central Bank of Nigeria made the declaration while speaking at the Delta State Economic and Investment Summit, where he also expressed optimism that Nigeria’s economy had stabilised and was on the path to sustained recovery.
“Nigeria has stabilised and is on the rise. I haven’t borrowed a dime since I became governor,” Soludo said.
The governor maintained that state governments could achieve meaningful development through disciplined financial management rather than excessive borrowing, stressing that prudent management of available resources remained key to sustainable economic growth.
According to him, his administration has continued to execute infrastructure and development projects without resorting to fresh loans, demonstrating that responsible governance and efficient allocation of resources can produce tangible results.
Speaking on the nation’s economic outlook, Soludo said recent reforms had begun to yield positive outcomes, expressing confidence that Nigeria had moved beyond the most difficult phase of its economic challenges.
While acknowledging that reforms often come with short-term pains, he said the country’s economic fundamentals were gradually improving and urged governments at all levels to sustain policies that would boost investment, increase productivity and promote inclusive economic growth.
The governor also called on Nigerians to embrace locally manufactured goods, arguing that excessive dependence on imported products continues to undermine domestic industries and limit employment opportunities.
“We cannot create the kind of jobs we want with all of us using foreign or imported goods,” Soludo said.
He lamented that even many influential Nigerians still preferred foreign-made products, warning that such consumption patterns weaken local manufacturing and slow industrial development.
Soludo urged citizens, businesses and public institutions to prioritise Nigerian-made products, saying stronger patronage of local industries would stimulate production, expand businesses, create jobs and strengthen the country’s economy.
The Delta State Economic and Investment Summit attracted government officials, business leaders, investors and development partners to discuss strategies for accelerating economic growth, attracting investment and improving Nigeria’s business environment
'
'Do you want to share a story with us? Do you want to advertise with us? Do you need publicity for a product, service, or event? Contact us on WhatsApp +2348183319097 Email: platformtimes@gmail.com
We are committed to impactful investigative journalism for human interest and social justice. Your donation will help us tell more stories. Kindly donate any amount HERE
