Soludo Seeks Urgent Budget Virement As Economic Pressures Intensify

(DDM) – Anambra State Governor, Professor Chukwuma Charles Soludo, has formally requested the approval of the Anambra State House of Assembly for a virement in the 2025 budget.

DDM gathered that the governor’s request was contained in an official letter read on the floor of the House during plenary on Wednesday, December 11, 2025.

The letter, which was read by the Speaker of the House, Hon Somtochukwu Udeze, outlined the necessity for the virement in response to emerging priorities and economic realities facing the state.

Governor Soludo noted that limited resources and persistent financial pressures have compelled the government to adjust its 2025 spending plan in order to sustain ongoing projects and address newly identified needs.

He explained that the state government is taking strategic steps to ensure efficient allocation of funds for maximum impact across all sectors in Anambra State.

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According to the governor, the adjustments cut across capital expenditures, recurrent expenditures, and capital receipts previously approved in the 2025 Appropriation Law.

He stated that the economic environment has undergone rapid changes, forcing governments at all levels to revise plans to accommodate pressing needs and safeguard essential services.

Background checks show that budget virement, a common fiscal tool in public finance, allows a government to reallocate funds within an already approved budget without altering the total figure.

Such adjustments are typically prompted by fluctuations in revenue, unexpected emergencies, or shifts in development priorities.

In the case of Anambra State, analysts note that the rising cost of governance, inflation, and the urgent need to sustain infrastructural progress may have influenced the governor’s request.

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Governor Soludo appealed to lawmakers to consider the virement promptly to prevent delays in ongoing projects and ensure uninterrupted delivery of public services.

He emphasized that timely legislative approval would enable the state to align its fiscal operations with current realities and maintain its development commitments.

The Speaker of the House, Hon Somto Udeze, after reading the letter, referred the governor’s request to the House Committee on Finance and Appropriation for further legislative scrutiny.

He instructed the committee to review the request thoroughly and report back to the House during the next legislative session scheduled for next week.

Legislative observers say the committee’s findings will determine whether the virement is approved as requested or amended to reflect additional considerations from lawmakers.

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Stakeholders in the state await the House decision, especially as budget adjustments often impact project timelines, sectoral allocations, and public expectations.

Political analysts note that the governor’s move reflects an adaptive governance approach aimed at ensuring fiscal sustainability amid economic uncertainty.

They add that effective collaboration between the executive and legislative arms is crucial for maintaining development momentum in Anambra State.

Residents of the state anticipate that the virement, if approved, will enable the government to redirect resources to more urgent sectors such as infrastructure, security, and social services.

As the House Committee begins its assessment, attention remains focused on how the adjustments will shape the implementation of the 2025 Appropriation Law.

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