The Executive Governor of Anambra state, Professor Chukwuma Soludo, recently celebrated the second anniversary of his administration in office. Prof. Soludo won the Anambra State 2021 Governorship elections with a remarkable landslide, in one of Nigeria’s most popular and freest elections. A professor of Economics and former governor of the Central Bank of Nigeria, who spearheaded banking sector reforms and reconsolidation that became points of reference, Prof Soludo was heralded as the messiah of Anambra State, especially as he promised to make the state the “Dubai and Japan of Africa.”
But mid-way into his administration, the euphoria about the Soludo magic has long dissipated. The disappointed and well-wishers who gathered at the venue of his anniversary at Awka, may have come to get first-hand account of the happenings and to reassess their stand. Usually such events are opportunities for office holders to recount their accomplishments. Governor Soludo, while narrating a litany of achievements, said he runs an austere government in the state to the point of claiming not taking any salaries since assumption of office, and that even the first lady does not have any car allocation from the State.
What stands out however, is that the governor said he has insisted not to borrow, even though records show that the governor has sought and got approval from the State House of  Assembly to borrow N100 billion.
So far, Soludo’s decision not to borrow is commendable, because records show that as at January, 2023 the State’s debt deductions stood at N872,425,828.86 per month, which was 27.8 per cent of net statutory allocation and 12.4 per cent of total allocation. Today, that burden is more than double due to naira devaluation.
Additional kudos goes to Soludo from Anambra’s 2024 budget summary documents, which shows that the approved 2023 budget estimate of N260,394,690,434 yielded a revenue of only N155,647,114,526.22 out of which the State spent only N76,905,169,399.35 to realise a whopping surplus of N78,741,945,126.87, in 2023.
However, how austere is Soludo’s administration? And is austerity a measure of development?
As sympathetic as the first family’s acclaimed self-denial may sound, the office of the first lady is not a constitutional creation, and therefore has no entitlements. The governor’s basic salary is N185,306.75, while his hardship and constituency allowances are N92,654.37 and N370,617.50, respectfully, all of which sum to N648,578.62, a negligible amount compared to the governor’s monthly security vote of N850 million, amounting to over N10 billion per year, plus other perks of office.
Former Governor Obiano is currently facing charges of diverting N4 billion from security votes. Soludo should have told the public if he has cut down such humongous allowances.
Anambra State’s approved 2024 budget of N410,132,225,272.11 also shows that the governor’s office receives N11,199,200,089.19 comprising personnel bills of N4,668,243,574.08 and capital expenditure sum of N6,530,956,515.11, for the State’s Boundary Commission, Anambra State Public Procurement Agency, Anambra State Investment Promotion & Protection Agency,  Anambra State Action Commission on AIDS (ANSACA), Christian Pilgrims Board, Muslim Pilgrims Board, Anambra State Small Business Agency (ASBA), Greater Onitsha Development Agency and the Greater Nnewi Development Agency, whereas these agencies should belong to requisite ministries, while the office of the governor is saddled with developmental concerns.
On the social sector, Soludo’s administration allocates a paltry annual purse of N175,000 for the upkeep of each secondary school in the state, which translates to less than N60,000 per term, and may be the reason some principals got tempted to request fees from students.
The plight of 656 health centres in the state are more pitiable as most receive N140,000 per year, which is about N11,667 to fuel generators and other expenditures.
The Orumba General Hospital is allocated N105,000. The State should be more realistic in funds allocation to ensure that meager funds do not stifle essential institutions.
Anambra’s 21 local councils that draw a total monthly federal allocation of over N8 billion, continue to be ruled by illegal Transition Committee Chairmen appointed by the governor, thus denying the state of political tutelages at the council levels that groom vibrant politicians to the national level, while Anambra State Independent Electoral Commisson lies idle with allocation of N197,301,110.40.
As for roads construction, the governor may have done well, with the Ekwulobia on-going project standing most prominent, but what is on ground across the State lags far behind expectations. It took him two years to deliver his flagship campaign promise at Okpoko in Onitsha, combined with a re-election fever to deliver the Opkunoeze road at Nnewi, probably wary of Senator Ifeanyi Uba’s factor.
In a country where politicians envision themselves as construction project management officers, road works, however inappropriate, have become the be all of the average. But for a professor of Economics who had sat at the vintage position of a Central Bank governor, where the impacts of policies and big industries are clearly understood, there are far bigger development expectations for which Soludo’s coming sounded messianic.
While his tax administration reforms are commendable, the brigandage of the Ocha Brigade and ANJET are eliciting sorrowful tales from the masses. Insecurity remains a terror in the state.
This is unlike Alex Otti of Abia State who has initiated rapid ‘positive disruptions as Soludo likes to coin it and capped it with Geometric Power’s 24-hour of electricity in Aba. In Imo State, Seplat Energy and Nigeria Gas Infrastructure Company (NGIC) are rounding-up a $700 million ANOH Gas Processing Plant, while Shell/NNPC is completing a $3.5 billion Obiafu-Obrikom-Oben OB3 gas pipeline network, despite insecurity, to link the Escravos-Lagos pipeline system. Moreso, Shell has just empowered youths from the host communities of Assa, Ochia, Awarra, Obile, Avu, Obissima, Obuomadike, Ununwaku, Ohoba, Obitti and Umuapu, who graduated from its one-year training. Road construction and contracts in Imo would be usual community development accompaniments.
While the rat-race for revenue drives continue in Anambra, the State sits on 50 billion barrels of crude oil reserve, and 10 trillion cubic feet of gas waiting development. Dr. ABC Orjiako, is from Anambra State, and Mr. Emeka Offor’s Chrome Group, whose Interstate Electric Company Ltd are stakeholders in Enugu Electricity Distribution Company (EEDC) and the Alaoji power plant. Its obvious the State has the human resources to develop its potentials, but needs prudent leadership.
Anambra, home to the Innoson Car Assembly plant, industries and businesses that are suffocating under poor electricity, needs visionary managers that draw down greater benefits, even if they do not forego salaries.

By: Joseph Nwankwo