Anambra State Governor Charles Chukwuma Soludo has presented a proposed budget of ₦757 billion for the 2026 fiscal year, marking a 24.1% increase from the outgoing 2025 budget and signaling heightened emphasis on accelerated execution and development.
The budget, themed: “Changing Gears 3.0: Solution Continues,” outlines recurrent expenditure of ₦162.6 billion, representing a 16.6% year-on-year rise, and capital expenditure of ₦595.3 billion, a 26.3% increase relative to 2025.
Presenting the budget at the Chambers of the Anambra State House of Assembly on Tuesday, Governor Soludo detailed sectoral allocations: 12.2% to the Administrative Sector, 26.7% to the Economic Sector, 31.4% to the Social Sector, 46.9% to Education, 13% to Health, and 27.7% to Infrastructure Investments.
The governor explained that the increased allocations underscore his administration’s commitment to strengthening human capital, driving economic expansion, improving infrastructure, and safeguarding the well-being of the state’s residents.
Soludo emphasized that the 2026 fiscal plan aims to deepen and consolidate the foundations laid during his first term, while launching new legacy projects intended to shape Anambra’s long-term development trajectory.
“Our central priorities remain security, law and order; infrastructure and economic transformation; and human capital development,” he stated.
Earlier, the Speaker of the Anambra State House of Assembly, Mr. Somtochukwu Udeze, highlighted the governor’s developmental achievements over the past three and a half years and pledged the legislature’s readiness to give the proposed budget expedited consideration. He noted that Soludo’s recent gubernatorial election victory reaffirmed his mandate and expressed confidence that the 2026 budget would set the policy direction for his second term.
The outgoing 2025 fiscal year budget—₦607 billion, themed “Changing Gears 2.0”—represented a 48% increase from 2024 and prioritized capital expenditure at 77% (₦467.5 billion), with recurrent spending accounting for 23% (₦139.5 billion). Major allocations last year included ₦200 billion dedicated to road infrastructure and a significant boost in funding for education.
Olusola Akintonde