Imo Assembly Passes N592bn 2024 Budget

Imo State House of Assembly has 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 budget, tagged: “Budget of Renewed Economic Growth”, allocated N101.99 billion, representing 17 per cent, for recurrent expenditure, and N491.2 billion, representing 83 per cent, for capital expenditure.

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.