Gov Soludo Seeks N70bn Federal Bailout To Tackle Insecurity, Erosion
The Anambra State Government has asked the Federal Government for N70bn from the Stabilisation Fund to address insecurity, erosion and other infrastructure challenges affecting economic activities and public services in the state.
The request was presented to the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) during a technical session at the commission’s headquarters in Abuja on Tuesday.
In a statement issued on Wednesday, the commission’s Head of Information and Public Relations Unit, Maryam Yusuf, said the proposed funding would support security operations, environmental protection, healthcare, education and other priority development projects.
The presentation was led by the Secretary to the Anambra State Government, Chiamaka Nnake, who explained that the intervention would complement existing government investments, protect livelihoods, sustain essential services and strengthen investor confidence.
Nnake identified insecurity, erosion, flooding, inflation and the rising cost of public services as major challenges putting pressure on the state’s finances.
She said sit-at-home orders and restrictions on movement had disrupted commercial activities, reduced government revenue and weakened investor confidence, particularly in major economic centres such as Awka, Onitsha and Nnewi.
To address the security challenges, the SSG said the state government had enacted a Homeland Security Law, established a security outfit and strengthened cooperation among security agencies through a joint task force.
She added that the proposed N70bn intervention would help provide operational vehicles, surveillance and communication equipment, personnel training and improved coordination among security agencies.
On environmental concerns, Nnake disclosed that the state had more than 1,000 erosion sites affecting 146 communities to varying degrees.
She estimated that tackling the identified critical erosion sites would cost approximately N170bn, significantly exceeding the amount being sought from the Stabilisation Fund.
According to her, the state government is already implementing several interventions, including erosion control, flood management, road rehabilitation, land reclamation, waterway clearance and tree planting.
Restrictions on sand mining in vulnerable locations have also been introduced.
Presenting the state’s economic profile, Nnake put Anambra’s estimated population at 8.9 million across 21 local government areas and 179 communities, with a gross domestic product of approximately $12.7bn and a projected 2026 budget of N766bn.
She also reported an increase in internally generated revenue from about N2.2bn to N7.2bn, although the statement did not specify the periods covered by the figures.
On healthcare and education, the SSG said the state’s free antenatal care and delivery programme had supported more than 206,000 deliveries, including 642 Caesarean sections, at no cost to beneficiaries.
She further disclosed that the government had recruited 8,415 teachers and introduced free education from nursery school through Senior Secondary School Three.
However, she noted that these initiatives had increased demand for healthcare personnel, medicines, medical equipment, classrooms and instructional materials.
Nnake also identified agriculture, solid minerals and tourism as sectors with significant potential to expand economic opportunities and attract investment.
She said the state had distributed more than 2.3 million coconut and oil-palm seedlings but required additional support for processing facilities, irrigation, storage, cold-chain infrastructure and improved market access.
The SSG listed kaolin, bentonite, lignite, silica sand, gypsum and laterite among the mineral resources that could support economic growth, alongside petroleum-related opportunities.
In tourism, she identified Agulu Lake and other attractions as potential revenue sources requiring improved access roads and visitor facilities.
Responding to the presentation, the Chairman of RMAFC’s Indices and Disbursement Committee, Prof. Olusegun Adekunle Wright, said the request would undergo a detailed assessment before any recommendation could be made.
Wright, who represents Lagos State on the commission, explained that the Stabilisation Fund was designed to provide financial assistance in deserving circumstances, subject to established guidelines, available resources and the requisite approval processes.
He said the committee would scrutinise the state’s financial records, project costs, feasibility studies, implementation requirements and anticipated socioeconomic benefits.
The committee chairman emphasised that receiving the presentation did not amount to approval of the N70bn request.
He added that the commission’s procedures required states seeking assistance to make formal submissions, followed by on-the-spot assessments of the proposed projects.
According to him, the outcome of the review could be forwarded to the commission’s plenary for further consideration, subject to verification and compliance with the relevant procedures.
The RMAFC commissioner representing Anambra State, Dr Enefe Ekene, thanked the committee for its observations, saying the feedback would help the state delegation strengthen its submission ahead of the proposed assessment visit.
The commission maintained that any recommendation on the request would depend on the credibility of the supporting financial documents, the viability of the proposed projects, implementation costs and their expected benefits to residents.
















