Listen to article
On Tuesday, Governor Hope Uzodinma formally submitted a budget proposal of ₦592.2 billion for the year 2024 to the Imo State House of Assembly for their approval.
Governor Hope Uzodinma, in his address presenting the appropriation bill titled “Budget of Renewed Economic Growth,” disclosed that N100.9 billion is earmarked for recurrent expenditure, with N491.2 billion allocated for capital spending.
The budget, according to Governor Hope Uzodinma, boasts a significant 32 percent augmentation in capital expenditure.
Governor Hope Uzodinma stated that this serves as evidence of his unwavering determination to invigorate and expedite the economic growth of the state.
The governor made a commitment to set funds aside for the development of the state would be used judiciously to accomplish a common goal.
Uzodinma said: ‘Prudent and efficient management of public funds is the new norm that cannot be compromised.’
‘As always, all capital projects must be subject to due process, routine scrutiny, and audit.’
He urged the House to grant the budget accelerated passage to ensure that it was ready from January 1, 2024.
The Speaker of the House, Mr. Chike Olemgbe, earlier lauded the governor for fostering a harmonious working relationship between the executive and legislature.
The Speaker pointed out that the establishment of this conducive environment has greatly supported the legislature in carrying out its duties effectively in the state.