The Anambra State House of Assembly at plenary, approved the 2026-2028 Medium Term Expenditure Framework (MTEF)
In his submission, Anambra Assembly Speaker, Rt. Hon. Somtochukwu Udeze, described the MTEF as the backbone of the annual budgeting process.
The approved MTEF outlines key projections, including a 63% increase in revenue from ₦11 billion to ₦18 billion for the 13% derivation on Oil Producing States, and a projected ₦101.7 billion from VAT in 2026, up from ₦82.4 billion in 2025. The monthly IGR projection is set at ₦6 billion, with a 15% increase in personnel costs to prioritize workers’ welfare.
Key principles guiding the MTEF include:
Revenue projections based on realistic assumptions. Prioritization of workers’ welfare and new recruitments. Improved operational efficiency.Timely and evidence-based data for budgeting, and
Effective budget monitoring and oversight
Also speaking, the Chairman House Committee on Finance and Appropriation, Hon. Ejike Okechukwu, emphasized the importance of training and retraining of legislators and parliamentary staff on relevant laws, including the Public Procurement Act and Fiscal Responsibility Law.
Angel Network News (ANN) recalls that
the MTEF was presented to the House by Governor Chukwuma Soludo on Thursday, 13th November 2025.
