The governor of Imo State, Hope Uzodimma has appended his signature to the 2025 Imo State Appropriation Bill.
In his comment, while signing the bill into law, the Governor revealed that the administration initially presented N755 billion as the Appropriation Bill, however, the Imo State House of Assembly, in its “wisdom graciously adjusted the same to N807 billion.”
Uzodimma stressed that this is an indication of the robust synergy between the legislature and executive in providing strategic and valuable infrastructure for the sustainable development of the state.
The governor stated that with a total budget of N807 billion, the massive opportunity for prosperity, wealth creation and bringing the much expected new Imo State to fruition is in the right trajectory and enviable path.
Uzodimma emphasized that the allocation of over N600 billion to capital projects will change the entire landscape of the state.
He eulogised the Speaker, Chike Olemgbe and members of the House of Assembly for the seamless passage of the budget.
He said, “In line with the expectations of our global partners, and as a clear demonstration of our commitment to global conventions, I am very happy that today, the 2025 Appropriation Bill is being passed for upload on the website by 31st December, 2024”.
The governor reiterated that the budget tagged “Budget of Expanded Economic Opportunities” is designed to drive the economic transformation of the state, through improved infrastructure and industrialisation.
Uzodimma explained that the aim of the administration is to reposition the state as the choice destination for pragmatic and authentic investors and industrial players in the capital market institution.
The governor also re-echo his commitment to conscientiously implement the budget and achieve set goals and objectives tailored towards expanding the economic base of the state.
In his contribution, the Speaker, Imo State House of Assembly, Chike Olemgbe submitted that the Governor brought the budget proposal before the House on 23rd December, 2024 and members of the House promised to expeditiously consider the same.
The speaker commended the governor for the detailed budget presentation, which according to him, must have taken quality time to produce and the percentage of funds allocated to capital expenditure bears eloquent testimony that the Governor is ready to elevate the state in infrastructure development.
He expressed the commitment of the House of Assembly to support the executive in speedy implementation of the budget and encourage release of dividends of democracy to the citizenry.
