Anambra State has unveiled the breakdown of its 2026 fiscal plan, placing a decisive emphasis on capital development and a comprehensive overhaul of its revenue collection systems.
Commissioner for Budget and Planning, Chiamaka Nnake, announced the details during a post-budget presentation media briefing in Awka.
According to Nnake, capital expenditure will account for 79 per cent of the proposed budget, leaving 21 per cent for recurrent spending. She also highlighted significant increases across key sectors: administration up 12.5 per cent, economic sector up 27 per cent, health up 12.2 per cent, infrastructure up 27.7 per cent, and environmental spending up 138.8 per cent.
The commissioner identified major deliverables for the year, including the Awka 2.0 urban renewal programme, development of a new market, a housing project, and expanded land acquisition efforts.
Nnake disclosed that, “The state achieved 61 per cent budget implementation as of October, attributing expected acceleration to the dry-season construction window.
“By December, we hope to reach at least 75 per cent,” she said.
To fund the 2026 budget, Anambra is projecting N60 billion in Internally Generated Revenue (IGR), and foresees a heavier reliance on taxation. Despite a N135 billion deficit recorded last year, Nnake emphasized that borrowing will be restricted to commercially viable, self-paying projects, not consumption.
“For years, our IGR performance has fallen short of expectations.
“We plan to scale up technology, widen the tax bracket, and capture more eligible taxpayers. Taxation is universal, and Anambra must modernise its system.”
She added that the state targets N72 billion in IGR under an incoming technology-driven revenue reform designed to block leakages, expand the tax net, support compliant taxpayers, and enforce compliance where necessary.
The briefing was attended by senior government officials, including the Commissioner for Information, Law Mefor, and the Permanent Secretary of the Ministry of Planning and Budget, Chinyere Nwabachili.