• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Wednesday, September 2, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home News

Why I pulled out of World Bank loan, refused to borrow— Soludo

Nathaniel Irobi by Nathaniel Irobi
March 9, 2025
in News
0
Why I pulled out of World Bank loan, refused to borrow— Soludo
0
SHARES
9
VIEWS
FacebookTwitterWhatsappEmailTelegram

Anambra State Governor, Chukwuma Soludo has said his administration pulled out of an existing loan arrangement with the World Bank to save the state from “debt overhang”.

Soludo said this while addressing members 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.

RelatedPosts

Danji SS Urges Kefas to Reconsider ₦80bn Wukari Flyover, Calls It “Misplaced Priority”

2027: President Tinubu National Grassroots Coalition Picks Danji SS as Grand Patron

ADC Rejects Atiku’s Use Of Party Identity, Rules Out 2027 Alliance

He said his administration 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 administration 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 terms 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 terms, 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.

ALSO READ:  House Of Representatives Pass Bill On State Police

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.

The Leader of the Ubah media team, Mr Kamen Ogbonna, 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 support him to continue the good job as they prepared for Nov. 8 guber. (NAN)

ALSO READ:  Zamfara Civil Society Group Criticizes Gov. Lawal Over Insecurity Claims
Previous Post

Fubara Invites Amaewhule, Others For Meeting Over Supreme Court Judgement

Next Post

Breaking: Governor Fubara Calls For Dialogue With Rivers Assembly Speaker Amaewhule

Nathaniel Irobi

Nathaniel Irobi

Related Posts

Danji SS Urges Kefas to Reconsider ₦80bn Wukari Flyover, Calls It “Misplaced Priority”

Danji SS Urges Kefas to Reconsider ₦80bn Wukari Flyover, Calls It “Misplaced Priority”

by Ojimaojo Abubakar
September 1, 2026
0

By Nahum Sule, Jalingo The 2027 APGA governorship candidate in Taraba State, Hon. Danjuma Usman Shiddi, popularly known as Danji...

2027: President Tinubu National Grassroots Coalition Picks Danji SS as Grand Patron

2027: President Tinubu National Grassroots Coalition Picks Danji SS as Grand Patron

by Ojimaojo Abubakar
September 1, 2026
0

The Coalition of Grassroots Movement for Tinubu 2027 (CGMT) has appointed the All Progressives Grand Alliance (APGA) governorship candidate in...

ADC Rejects Atiku’s Use Of Party Identity, Rules Out 2027 Alliance

ADC Rejects Atiku’s Use Of Party Identity, Rules Out 2027 Alliance

by Ojimaojo Abubakar
August 31, 2026
0

The Board of Trustees (BOT) and National Working Committee (NWC) of the African Democratic Congress (ADC), has condemned what they...

Next Post
Breaking: Governor Fubara Calls For Dialogue With Rivers Assembly Speaker Amaewhule

Breaking: Governor Fubara Calls For Dialogue With Rivers Assembly Speaker Amaewhule

Gov. Sule, Others Pay Tributes As Ex-DSS Director Buried In Kaduna

Gov. Sule, Others Pay Tributes As Ex-DSS Director Buried In Kaduna

Recommended

Palaces Over Classrooms: Nigeria’s Priority Complex

Palaces Over Classrooms: Nigeria’s Priority Complex

5 days ago
Sokoto Under Siege: Troops Battle Bandits 20km from State Capital

Sokoto Under Siege: Troops Battle Bandits 20km from State Capital

6 days ago

Popular News

  • Residents flee as flood ravages 10 communities in Kebbi – NEMA

    Residents flee as flood ravages 10 communities in Kebbi – NEMA

    0 shares
    Share 0 Tweet 0
  • Arewa Youths Urge Wike To Restore DRTS Officers On Abuja Roads

    0 shares
    Share 0 Tweet 0
  • Drama In FCT Polls As APC, PDP Candidates Step Down For Each Other

    0 shares
    Share 0 Tweet 0
  • Boost Military Morale Through Positive Coverage, Media Told

    0 shares
    Share 0 Tweet 0
  • NDC Guber Candidate Sani Abbas Urges Kaduna Stakeholders To Unite

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (26)
  • Business (854)
  • Education (285)
  • Entertainment (473)
  • Health (261)
  • National (3,442)
  • News (11,127)
  • Opinion (487)
  • Politics (2,329)
  • Science (15)
  • Security (421)
  • Sports (789)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform