Governor Uzodinma Presents N474.4 Billion Budget 2023 to IMO Assembly
Imo State Governor Hope Uzodinma presented a N474.4 billion budget for 2023 to the state legislature on Tuesday.
Introducing the budget titled "wealth expansion budget", Mr. Uzodinma said the purpose of the budget was to satisfy the desires of the residents of the state by providing them with lasting dividends from democracy and increasing their wealth.
The budget is an increase from the 2022 budget of N381 billion presented by the governor in December 2021.
The governor said a review of 2022 fiscal spending showed the budget facilitated "infrastructural transformations" and improvement in other sectors of the state's economy, adding that his administration had completed more than 100 rural and urban roads.
He said progress in executing the 2022 budget has pushed his administration “to further extend that progress” across the state by introducing the 2023 budget.
“Mr. Speaker, Members of the House, I now have the pleasure of laying before this honorable House the 2023 Budget Estimates of N474, 466, 276, 267,” Mr. Uzodinma said.
The governor said the budget provided for capital expenditure of N373.6 billion, or 78.8%, while N100.9 billion was earmarked for recurrent expenditure.
He expressed hope that the budget would place the well-being of the people at the center of governance through the massive reconstruction of dilapidated infrastructure in urban and rural areas.
He assured lawmakers of his "unwavering support and commitment" to the welfare of state residents, emphasizing that his administration would not permit any form of embezzlement of budgeted funds.
The governor commended lawmakers for their continued support for his administration and pledged to “vigorously pursue the implementation of the policies, programs and projects included in the budget,” once approved.
Assembly Speaker Emeka Nduka said the presentation of the budget was an opportunity to “look back on past years with a view to improving the future”.
He told the governor the budget would pass in time to allow his administration to continue the "good work" in 2023.
The House adjourned its plenary session until December 21 for consideration and second reading of the draft budget.
Support the integrity and credibility journalism of PREMIUM TIMES Good journalism costs a lot of money. Yet only good journalism can guarantee the possibility of a good society, an accountable democracy and a transparent government. For free and continued access to the best investigative journalism in the country, we ask that you consider providing modest support to this noble endeavour. By contributing to PREMIUM TIMES, you help sustain relevant journalism and keep it free and accessible to everyone.Donate
[embedded content]TEXT ANNOUNCEMENT: Call Willie - +2348098788999
Imo State Governor Hope Uzodinma presented a N474.4 billion budget for 2023 to the state legislature on Tuesday.
Introducing the budget titled "wealth expansion budget", Mr. Uzodinma said the purpose of the budget was to satisfy the desires of the residents of the state by providing them with lasting dividends from democracy and increasing their wealth.
The budget is an increase from the 2022 budget of N381 billion presented by the governor in December 2021.
The governor said a review of 2022 fiscal spending showed the budget facilitated "infrastructural transformations" and improvement in other sectors of the state's economy, adding that his administration had completed more than 100 rural and urban roads.
He said progress in executing the 2022 budget has pushed his administration “to further extend that progress” across the state by introducing the 2023 budget.
“Mr. Speaker, Members of the House, I now have the pleasure of laying before this honorable House the 2023 Budget Estimates of N474, 466, 276, 267,” Mr. Uzodinma said.
The governor said the budget provided for capital expenditure of N373.6 billion, or 78.8%, while N100.9 billion was earmarked for recurrent expenditure.
He expressed hope that the budget would place the well-being of the people at the center of governance through the massive reconstruction of dilapidated infrastructure in urban and rural areas.
He assured lawmakers of his "unwavering support and commitment" to the welfare of state residents, emphasizing that his administration would not permit any form of embezzlement of budgeted funds.
The governor commended lawmakers for their continued support for his administration and pledged to “vigorously pursue the implementation of the policies, programs and projects included in the budget,” once approved.
Assembly Speaker Emeka Nduka said the presentation of the budget was an opportunity to “look back on past years with a view to improving the future”.
He told the governor the budget would pass in time to allow his administration to continue the "good work" in 2023.
The House adjourned its plenary session until December 21 for consideration and second reading of the draft budget.
Support the integrity and credibility journalism of PREMIUM TIMES Good journalism costs a lot of money. Yet only good journalism can guarantee the possibility of a good society, an accountable democracy and a transparent government. For free and continued access to the best investigative journalism in the country, we ask that you consider providing modest support to this noble endeavour. By contributing to PREMIUM TIMES, you help sustain relevant journalism and keep it free and accessible to everyone.Donate
[embedded content]TEXT ANNOUNCEMENT: Call Willie - +2348098788999
What's Your Reaction?
