The Anambra State Government, led by Governor Charles Soludo, recorded a 22.8 per cent revenue performance in the first half of 2026, generating ₦174.54 billion against the ₦766.37 billion projected in its annual budget.
The figure is contained in the state’s 2026 second-quarter budget performance report.
The report showed that the state government’s revenue for the period comprised ₦5.36 billion carried over as opening balance from 2025, ₦124.24 billion received as its share of the Federation Account Allocation Committee (FAAC) revenue and ₦44.94 billion generated internally.
No revenue was recorded from grants, aids or loans during the period.
The weak revenue inflow coincided with a low overall budget implementation, with the state recording ₦143.63 billion in total expenditure in the first six months, representing 18.7 per cent of the ₦766.37 billion annual budget.
Of the amount spent, ₦40.79 billion went to recurrent expenditure, while ₦102.84 billion went to capital projects.
Anambra’s 2026 budget is one of the largest in the South-east, with the state planning to spend ₦766.37 billion during the year.
An analysis of the capital expenditure in the report showed that the Ministry of Works accounted for the largest share of spending, with ₦79.02 billion released during the period.
The Ministry of Health followed it with ₦10.53 billion.
The Office of the Governor received ₦4.44 billion, while the Ministry of Education received ₦2.52 billion.
The Office of the Secretary to the State Government ranked fifth, with N1.46 billion released.
The spending pattern shows a heavy concentration of the state’s capital expenditure on physical infrastructure and health, with the Ministry of Works alone accounting for a substantial share of the ₦102.84 billion recorded in the first six months.
However, some sectors recorded no capital releases during the period.
The Ministry of Agriculture, despite having a ₦1.95 billion capital provision in the 2026 budget, recorded no capital release in the first half of the year, according to the report.
The state government released ₦13.79 billion for security-related expenditure during the period.
The largest component was the security vote, including operations, with ₦13.40 billion released against a budgeted ₦20.80 billion, representing a 64.4 per cent performance.
Another ₦392.37 million was released for security services, out of a budget provision of ₦689.55 million, representing 56.9 per cent performance.
The expenditure followed continuing security challenges across the state, including killings, cult-related violence, kidnapping, armed robbery and attacks linked to criminal and separatist groups.
Despite the security spending and capital expenditure, Anambra’s revenue performance remains substantially below the level required to finance its ambitious 2026 budget.
With ₦174.54 billion generated or brought forward in the first six months against the ₦766.37 billion annual budget, Anambra would need to substantially increase revenue mobilisation in the remaining months to approach its annual fiscal target.
The figures also show the state’s continued reliance on federal transfers. FAAC allocations accounted for ₦124.24 billion, or about 71 per cent of the ₦174.54 billion in revenue recorded during the period, while internally generated revenue contributed ₦ 44.94 billion.
The report did not record any inflows from loans, grants, or aid during the period.
The combination of low revenue performance and a relatively high capital-spending profile means that the state’s ability to sustain its 2026 expenditure plan will depend heavily on improved revenue mobilisation and continued federal allocations in the second half of the year.
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