Anambra State Governor, Professor Chukwuma Soludo, has allocated N2 billion to assist small-scale entrepreneurs through a new Micro Enterprise Support Scheme. The initiative is a key part of the 2026 budget already before the State House of Assembly. The Commissioner for Economic Planning and Budget, Mrs. Chiamaka Nnake, revealed the plan while presenting her ministry’s budget estimates to the House Committee on Finance and Appropriation.
She stated that the Ministry of Economic Planning proposed a total of N6.2 billion for next year. According to her, N3 billion will go to counterpart funding while N2 billion is set aside for the micro enterprise scheme.
Nnake explained that the scheme targets operators of small businesses across the state who need capital to grow. She noted that many beneficiaries are already applying knowledge from the state’s 1-Youth-2-Skills programme but require government backing to expand.
Nnake stressed that the programme will boost productivity and help young people and market operators become financially stable. She added that the budget reflects the state’s cautious spending culture, saying the 2026 proposal was structured to be realistic and true to Anambra’s identity for efficient fiscal management. “We are maintaining prudent planning and conservative budgeting,” she told the lawmakers during her presentation.
