Imo state approves N592bn 2024 budget

The Imo State House of Assembly has given its approval to the state’s N592 billion fiscal year 2024 appropriations bill.

The bill was effectively approved through its Second and Third Readings during the plenary session on Thursday.

Known as the “Budget of Renewed Economic Growth,” the budget designates N491.200 billion, or 83% of total expenditure, for capital projects and N101.99 billion, or 17%, for ongoing expenses.

Majority Leader, Mr. Kanayo Onyemaechi (APC-Owerri West) addressed the bill, emphasizing that it would enable many development projects for the state’s benefit.

Onyemaechi commended the governor for his frugal use of the 2023 budget, especially when it came to road restoration and reconstruction.

In a plea to his fellow members, he emphasized the significance of passing the bill quickly. The Chair of the Standing Committee on Budget and Appropriations, Mr. Chisom Ojukwu, who supported the bill and represents the Nkwerre constituency, praised the governor for making sure that state resources are used responsibly.

In a same vein, the House Committee on Works Chairman, Mr. Chigozie Nwaneri (APC-Oru East), emphasized that the Ministry of Works’ planned money will enable the completion of capital projects in all Local Government Areas.

Additionally, Mr. Innocent Ikpamezie, who represents the Mbaitoli State Constituency, emphasized that members must exercise careful monitoring to guarantee that budget requirements are followed.

Following the Third Reading, Speaker Mr. Chike Olemgbe (APC-Ihitte Uboma) ruled in favour of its passage and cast a vote in favour of it after the bill was discussed in the committee of the whole.

The delegate for the Aboh Mbaise State Constituency, Mr. Ugochukwu Amuchie, was sworn in during the plenary session.

Following the declaration by the Appeal Court that Amuchie was the legitimate victor of the Assembly election on February 25, he took office and succeeded Mr. Eddy Obinna of the APC.

A bill for N592.2 billion in appropriations was brought before the state House of Assembly earlier this week by Governor Hope Uzodinma, for consideration and approval.