Anambra State Governor Charles Soludo says his administration has not borrowed any money since he assumed office.
Soludo disclosed this on Monday while speaking at the Delta State Economic and Investment Summit.
The former Central Bank of Nigeria governor also argued that the Nigerian economy had stabilised and was beginning to recover.
“Nigeria has stabilised and is on the rise. I haven’t borrowed a dime since I became governor,” he said.
Soludo maintained that prudent management of public resources could help state governments deliver development without accumulating unsustainable debts.
He also urged Nigerians to patronise locally manufactured products, warning that the country could not create the desired number of jobs while depending heavily on imports.
“We cannot create the kind of jobs we want with all of us using foreign or imported goods,” Soludo said.
“I look in this room, and I see suits from Europe, America and China.”
The governor estimated that Nigeria could create more than 10 million jobs if its population deliberately embraced locally produced clothing and other goods.
“If all 247 million Nigerians wear only made-in-Nigeria, more than 10 million jobs will be created,” he added.
Soludo has consistently promoted locally manufactured products, particularly textiles, as part of efforts to strengthen domestic industries and generate employment.
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