NewStats: 3,259,219 , 8,169,493 topics. Date: Saturday, 24 May 2025 at 10:35 AM 1h236r

Governor Chukwuma Soludo of Anambra says his istration pulled out of an existing loan arrangement with the World Bank to save the state from “debt overhang”.

Soludo said this while addressing of the Late Sen. Ifeanyi Ubah Media team who were on inspection of the ongoing Government House and Governors Lodge project in Awka on Sunday.

He said his istration had not only refused to borrow from any bank or institution but also refused to access the Federal Government loan to states in 2024.

He said that notwithstanding the development, his istration had embarked on ambitious and people oriented projects which were at various stages of completion.

According to him, it may interest you to know that Anambra is the only state that pulled out of an existing World Bank loan arrangements which was signed before I came in.

“I looked at the of the loan and I said it was not sustainable; it was easy to continue with it because the next generation will pay but based on the , it was a bad deal for Anambra.

“Last year N438 billion was distributed to 35 states, Anambra was the only state that did not take it. I need money but I cannot borrow my state into slavery,” he said.

Soludo said he was giving Anambra a permanent Government House and Governor’s Lodge 34 years after it was created, expressing regret that the facilities had exited at a construction company office and outside Awka respectively.

He said that it was a magnificent project with about 34 buildings which were being built to last, such that in the next 200 years, they would still be standing like the White House in America.

“I said we are going to break the jinx and we are doing that with the biggest and the best that somebody said is going to be like a mini city,” he said.

Soludo said he had done over 750 kilometers of roads with about 410km completed with attention to parts of the state that had not seen tarred roads since their existence.


“We have touched education, health, youth empowerment, social reorientation and bringing back our value of dignity in labour against this new get rich quick mentality that is destroying our youths.

“I told Anambra people when I was sworn in that I will show them where every Kobo they gave me is channeled,” he said.

Mr Kamen Ogbonna, the Leader of the Ubah media team said they were impressed with what the governor was doing as it aligned with their Philosophy.

Ogbonna said it was interesting to note that Soludo had made such progress in three years without borrowing from any source.

“The magnitude of the Government House and Governors Lodge will tell you why other governors carefully avoided the project,” he said.

Nollywood stars including Steve Alajemba (Uwaezuoke) and Collins Monago who were on the trip lauded Soludo for his works and urged Anambra people to him to continue the good job as they prepared for Nov. 8 guber.

https://www.vanguardngr.com/2025/03/why-i-pulled-out-of-world-bank-loan-refused-to-borrow-soludo/

Igbos are the only tribe that can build economy, forget it.

oskopy:
Igbos are the only tribe that can build economy, forget it.

Igbos build elegant structures not economy. Market doesn't equate economy. Soludo tried with his attack on get rich quick and other menacing vices

He is saying this because he has no project of economic value to embark on.

Investments that generate revenue should be government priority. But they prefer edifice.

IMF people don't like wise and informed governors like soludo who they can't manipulate to enslave their own people.

Soludo is a good leader. For chasing terrorist kidnappers and Okeite killers, I will him in next election

The same way you pulled out from world bank loan, pull out from standing in the way of GOD'S People carrying The assignment and commandments of GOD ALMIGHTY.

Preaching the Gospel is a command from the ANCIENT OF THE DAYS.
The command is to Preach in and out of Season
Anywhere and Everywhere.

Your Excellency, retrace that step. Many who have tried that path have destroyed themselves world wide.

You are a mere creature. You are mere dust.
You don't stand in the way and command of Your Maker. The consequences are always Brutal.

They that Have Ears to hear, let them hear.

Okay. That is very good for the state.

We understand

Good for the state.

Governors often site genuine reasons for going for a loan, but end up embezzling such loans and leaving a bad debt for the state.

Infrastructure! Infrastructure!

With the way they keep screaming infrastructure as the main purpose for acquiring a loan, you would think Nigeria would be better than Japan by now.

Selfish leaders with their followers with a high level of tribal bigotry. North, East, West and South. Everybody!

Wetin kwansign me?

ok

oskopy:
Igbos are the only tribe that can build economy, forget it.

Nope, if that's true your region won't be among the most economically unattractive. You build houses, anything-goes businesses, but definitely not economy.

Righteousness2:
The same way you pulled out from world bank loan, pull out from standing in the way of GOD'S People carrying The assignment and commandments of GOD ALMIGHTY.

Preaching the Gospel is a command from the ANCIENT OF THE DAYS.
The command is to Preach in and out of Season
Anywhere and Everywhere.

Your Excellency, retrace that step. Many who have tried that path have destroyed themselves world wide.

You are a mere creature. You are mere dust.
You don't stand in the way and command of Your Maker. The consequences are always Brutal.

They that Have Ears to hear, let them hear.

He is not against preaching the word of God. He is against idiotic noise pollution in the markets and other public places disguised as preaching. Be guided...

The ban on noise pollution covers all these. Next is to identify fake pastors and mercenary "men of Gods" and send them to jail. Long time..

This was how one "Onye eze Jesus" was busy preaching at his "church" in the daytime, while supervising his deluge of "Oke ites" at nights..

That kind of religious abracadabra needs to stop.

oskopy:
Igbos are the only tribe that can build economy, forget it.

Stop creating enemies for the Igbos, clown.

Many governors and indeed d FG borrow because they won't be the ones to pay back the loans. Borrow and another would pay= free money. It takes a wise man to see such money and yet refuse to borrow it. Nice one Soludo!

Lol meaning he is clueless. Everybody collects loans even USA is 33 trillion dollars in debt. You need money to expand. Just make sure you are creating viable projects that increase the economy . This guy is another Peter obi who rather save than spend to expand the economy. Igbo have bad leaders. Igbos can't run economies. Just small shops is all they can run. This why when you look at list of billionaires who run huge businesses there is no igbo. Igbo are not built to run huge economies.

I visited a part of Lagos within the Amuwo-Odofin LGA dominated by the South Easterners especially the Anambarians and I must indeed say Prof. Soludo is a very misunderstood Public Servant especially Anambarians living in Lagos.

Most of them don't like him, I don't know why. They claim his policies are draconian.

He is probably the most under-rated Governor in Nigeria.

Posterity will judge him fairly for being on the side of good reason and logic.

hmmm, Sabi ma.

Nigeria is in my prayers

.hard to see politicians who resist taking loan they cannot pay.


If we had a stable and continues government. They won’t be taking loans anyhow like they currently doing.

If a business man should take a loan it should be on how to improve his business or investment. Not building houses and buying cars.

Something that can generate wealth to repay the loans. But borrowing money to waste on roads and infrastructure that cannot generate the repayment is senseless and unproductive.


Foreign loans cause inflation

Only IGBO man fit for president presently



NOT



FRAUD OBI DENT

Soludo is trying, there is still a lot for him to do though. He has my vote in the coming elections.

Hxhc

HEAVEN4444:
Lol meaning he is clueless. Everybody collects loans even USA is 33 trillion dollars in debt. You need money to expand. Just make sure you are creating viable projects that increase the economy . This guy is another Peter obi who rather save than spend to expand the economy. Igbo have bad leaders. Igbos can't run economies. Just small shops is all they can run. This why when you look at list of billionaires who run huge businesses there is no igbo. Igbo are not built to run huge economies.

U get brain sooo?
If the US is owing $33tri,
In whose money will they use, still d same dollars, right, and who is going to sanction dem,? Who,
The United States are as cunny as a tortoise,
Being dier enemy is a disaster, but being their friend is fatal

oskopy:
Igbos are the only tribe that can build economy, forget it.

Must you speak tribalistically?

Wise man prof

Shikena:


Nope, if that's true your region won't be among the most economically unattractive. You build houses, anything-goes businesses, but definitely not economy.

You people that knows how to build economy can you pls show us the picture of ibadan or abeokuta, I wan check something.

dododawa1:
Only IGBO man fit for president presently



NOT



FRAUD OBI DENT

He is the only southerner I can vote for president.
I just hope he will take a shot at it someday

Solsix:

You people that knows how to build economy can you pls show us the picture of ibadan or abeokuta, I wan check something.

I only responded to your "factual" opinion, now you are adding more

he and sanusi are the only CBN governors that are economists but look at other clueless CBN governors we are having
RECESSION IS THEIR MOTTO
They cant just learn from these two because ,no or actions taken is visible to them,na just try and error
SMH

oskopy:
Igbos are the only tribe that can build economy, forget it.

vote reasonable people not tribe or sentiments... na all this nonsense talk dey kill una