Imo State Governor, Hope Uzodimma has signed into law the Imo State 2025 Appropriation Bill which was hiked by the State Assembly to N807bn from the initial N756bn
The governor signed the bill at the New Exco Chambers, Government House Owerri and revealed that a hiked budget by the state assembly shows proper synergy between and the legislature in the affairs of the state.
He expressed his satisfaction over the expeditious passage of the appropriation bill and tinkering with the original numbers, said that what had been done by the Assembly shows that the lawmakers have challenged the executive to commence work without delay on the 2025 budget.
In the signed budget, the Ministry of Works and Infrastructural Development gets N297,509,312,778 or 42.8%, the Ministry of Transport, N101,010,000,000 or 14.5% and The Ministry of Power and Electrification, N74,755,479,042 or 10.8%.
In the same vein, the Ministry of Agriculture and Food Security was allocated N50,020,000,000 or 7.2% of the budget, the Ministry of Education, N49,460,000,000 or 7.1% while the Ministry of Health gets N31,933,234,000 or 4.65%.
In his remark during the budget signing, the governor said : “I have just signed into law the 2025 Imo State Appropriation Bill, which now has the force of law and serves as the financial operational manual for the state.
“While I initially proposed a budget of Seven Hundred and Fifty-Six Billion Naira for the year, the State House of Assembly, in its wisdom, adjusted it to N807 billion.
“It shows the alignment between the Executive and the Legislature in providing essential infrastructure and services to the people of the State.
“The total 2025 budget, as amended by the Assembly and signed into law, is Eight Hundred and Seven Billion, Eighty-Eight Million, Forty-One Thousand, Two Hundred and Twenty Naira (N807,088,041,220).
“Capital allocation: Six Hundred and Ninety-Four Billion, Seven Hundred and Eighty-Six Million, Forty-One Thousand, Two Hundred and Twenty Naira (N694,786,041,220) (86.09%)
“Recurrent allocation: One Hundred and Twelve Billion, Three Hundred and Two Million Naira (N112,302,000,000) (13.91%)
“I commend the Speaker and members of the House of Assembly for the expeditious passage of the Appropriation Bill and for increasing the initial budget estimate. This patriotic gesture challenges the executive to commence work immediately.
“As outlined in my recent budget speech, this Budget of Expanded Economic Opportunities is designed to drive the economic transformation of our state through improved infrastructure and industrialization.
“Beyond focusing on making our economy one of the fastest-growing in the region, we aim to position the state as a prime destination for genuine investors.
“The following allocations to core ministries underscore my resolve to strengthen economic growth in 2025:
1) Ministry of Works and Infrastructural Development: N297,509,312,778 (42.8%)
2) Ministry of Transport: N101,010,000,000 (14.5%)
3) Ministry of Power and Electrification: N74,755,479,042 (10.8%)
4) Ministry of Agriculture and Food Security: N50,020,000,000 (7.2%)
5) Ministry of Education: N49,460,000,000 (7.1%)
6) Ministry of Health: N31,933,234,000 (4.65%)
“My dear people of Imo State, I pledge to fully and faithfully implement this budget to achieve its goals. We will create expanded economic opportunities through investment and job creation. Ndi Imo shall be the beneficiaries.
“I urge everyone and all stakeholders to support this administration in our endeavor to set Imo State on a path of sustainable development.”
