Governor Charles Soludo of Anambra State has said he met “about N300 to N400 million” in the state treasury but inherited about N109 billion debt when he assumed office.
Mr Soludo disclosed this on Tuesday when he appeared on The Morning Show on Arise News Television.
The governor said the state’s finances were not robust, but that his administration would not be daunted by the situation.
“Everybody knows that the state finances are not quite robust, to put it mildly. The cash we met in various banks, if I remember correctly, I think N300 or N400 million, and then from the audited account as at (of) December, 2021, the debts (was) about N109 billion,” he said.
Mr Soludo said his administration would build a transparent public financial management in the state to monitor the state’s treasury.
“We intend to have a very transparent public financial management where we are going to be publishing everything. Everybody will know what is there and what is not there, what penny comes in and what it is used for,” he said.