Anambra seeks N70bn FG intervention over insecurity, erosion

The Anambra State Government has requested N70 billion from the Federal Government's Stabilisation Fund to address struggles with insecurity, erosion, and infrastructure challenges that hinder economic activities and public services throughout the state. The Revenue Mobilisation, Allocation and Fiscal Commission received the request during a technical session in Abuja.

The funding would aid security operations, environmental protection, healthcare, education, and other development priorities. Anambra's Secretary to the Government, Chiamaka Nnake, said the assistance would bolster existing government investments, preserve essential public services, safeguard livelihoods, enhance investor confidence, and foster a more resilient economy.

Security issues, erosion, flooding, inflation, and escalating public service costs pose significant financial challenges for the state. Nnake highlighted the introduction of a Homeland Security Law, establishment of a security unit, and collaboration through a joint task force. However, the state faces more than 1,000 erosion sites affecting 146 communities, with addressing these estimated at N170 billion, double the requested amount.

The state government is already implementing erosion control projects and flood management initiatives. Anambra's economy is valued at approximately $12.7 billion, with a projected budget of N766 billion for 2026. The state's internally generated revenue has grown from N2.2 billion to N7.2 billion, despite increased demands for healthcare workers, medicines, medical equipment, classrooms, and learning materials.