Anambra State Governor Charles Soludo says Nigeria’s economy has stabilised and is starting to recover, and he adds that his administration has not borrowed any money since he took office. Soludo made the statements on Monday at the Delta State Economic and Investment Summit. Speaking in the same address, he links development and recovery to disciplined financial management, arguing that state governments can pursue meaningful projects without accumulating debt.
In addition to the remarks about the economy and borrowing, Soludo urges Nigerians to patronise locally made products. He warns that reliance on imported goods limits job creation and slows industrial growth. He also argues that widespread use of domestic products could support manufacturing and employment, citing clothing and textiles as examples. According to his account, if Nigeria’s population shifted toward “made-in-Nigeria” goods, millions of jobs could be created.
Overall, the reports agree on Soludo’s claims regarding economic stabilisation, his position on borrowing, and his call for increased demand for locally produced goods.
