Imo joins Abia in super budgeting, allocates 83% to capital expenditure in 2024

Uzodinma presents Imo’s N592 billion 2024 Appropriation Bill to assembly

The capital expenditure in the proposed budget is N491.2 billion, representing 83 per cent of the total budget

Governor Hope Uzodinma of Imo State on Tuesday presented the state Appropriation Bill totalling N592.2 billion for the 2024 fiscal year to the House of Assembly for consideration and approval.


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The bill comprised N100.99 billion recurrent expenditure, representing 17 per cent, and N491.2 billion capital expenditure, representing 83 per cent.

Presenting the bill on the floor of the house, Mr Uzodinma said the capital expenditure increased by 32 per cent.

This, according to him, is an indication of his determination to stimulate and fast-track the economic growth of the state.

The governor promised that every fund projected for the development of the state would be judiciously used to achieve a “common goal”.

He said his administration would continue to vigorously pursue his vision to establish a state “where justice and equity for all are guaranteed”.

He further said that his administration would remain prudent, cutting off frivolous expenditures, to be able to fund capital projects in the state.

“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 said.

He urged the house to grant the budget accelerated passage to ensure that it was ready from 1 January 2024.

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