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The Governor of Imo State, Hope Uzodinma has signed into law the 2024 Appropriation Bill, The Eastern Updates.
He said the success of the budget would depend on the prudent implementation of the items contained in the document.
He said the budget would act as a stimulus and catalyst for the growth and development of the state, in line with its theme: ‘Budget of Renewed Economic Growth.’
Speaking at a brief ceremony after assenting the N592.2 billion budget into law at the New Exco Chambers, Government House, Owerri, yesterday, the governor noted that the budget was unique in the sense that ‘in the history of Imo State, there has not been an annual budget with a capital expenditure of over 82 per cent, meaning when implemented, the result will make Imo the envy of other states.’
He hailed the Speaker and members of the House of Assembly for the uncommon synergy and for conceding to his request to give the Bill accelerated hearing, culminating in its passage.
He promised prudent implementation of the budget.
Speaker Chike Olemgbe said the Appropriation Bill brought to them was ‘carefully crafted’, which made their job ‘easy and seamless,’ noting that “the proposal shows that the governor is determined to give Imo people a renewed overall growth and development.’
The Eastern Updates reports that Imo State House of Assembly had passed the N592 billion Appropriation Bill for the 2024 fiscal year.
The bill passed its second and third reading at the plenary session of the House of Assembly.
The Majority Leader, Hon Kanayo Onyemaechi (APC-Owerri West), while speaking on the bill, said it would ensure the execution of a lot of developmental projects for the good of the state.
According to him, the governor had been prudent in spending the 2023 budget, particularly in the area of reconstruction and rehabilitation of roads in the state.
Supporting the bill, the member representing Nkwerre constituency, Hon Chisom Ojukwu (APC), said it represented the good intentions of the state governor.
Ojukwu, who is also the chairman of the Standing Committee on Budget and Appropriation, applauded the governor, for putting measures in place to ensure the resources were not misused.
