‘Nigeria’s economy has stabilised, I haven’t borrowed a dime’ – Soludo
Anambra Governor Highlights Debt-Free Management at Investment Summit
Anambra State Governor Charles Soludo announced Monday that his administration has not taken out any loans since he assumed office, emphasizing that effective resource management can facilitate development without incurring debt.
Soludo spoke at the Delta State Economic and Investment Summit, where he expressed confidence in Nigeria’s economic trajectory. The former Central Bank of Nigeria governor noted that the country’s economy is stabilizing and showing signs of recovery.
“Nigeria has stabilized and is on the rise. I haven’t borrowed a dime since I became governor,” Soludo stated, underscoring his belief that state governments can achieve significant development through disciplined financial practices.
He also called on Nigerians to support domestically produced goods, arguing that reliance on imports hampers job creation and industrial growth. “We cannot create the kind of jobs we want with all of us using foreign or imported goods,” he said.
Soludo pointed out the widespread use of imported items among Nigerians, including influential figures. “I look in this room, and I see suits from Europe, America, and China,” he remarked.
The governor estimated that increasing the consumption of locally manufactured goods, particularly in clothing and textiles, could create millions of jobs across the nation. “If all 247 million Nigerians wear only made-in-Nigeria, more than 10 million jobs will be created,” he indicated.
He reaffirmed his long-standing commitment to supporting local industries, asserting that a greater emphasis on Nigerian-made products would boost production, create employment opportunities, and strengthen the overall economy.
