Anambra State Governor Charles Soludo says he inherited a debt profile of N100 billion from the past administration.
The governor, who was inaugurated on Thursday, took over from Chief Willie Obiano.
Obiano is still in the custody of the Economic and Financial Crimes Commission (EFCC), trying to perfect his administrative bail condition.
Speaking on Arise TV News, Soludo said: “On what we met on ground, first, in terms of finances, there is an audited account, which is a public document and anybody can access it. This is as of December 31, 2021.
“From the published document, everybody knows that the state finances are not robust, to put it mildly. The debt is more than N100 billion. But the cash available is between N200 and N400 million. Between January and when we took over, reconciliation is still ongoing.”
Soludo promised that the state would, under his watch, maintain transparent public finance management.
He said: “But, I think it is the best practice to have transparent public finance management where we will publish every detail about our finances. And that is part of what I promised.”
