Imo State Governor, Hope Uzodinma has signed into law the 2025 Appropriation Bill following the passage of the budget by the State House of Assembly.
The budget which was initially pegged at N756bn by the Governor was later increased to N807bn by the State lawmakers.
Signing the bill into law at the New Exco Chambers, Government House Owerri, Governor Uzodinma noted that what the lawmakers did by increasing the original figures he presented before them a few days ago shows an alignment between the Executive and the Legislature in providing essential services to the people.
The Governor expressed satisfaction over the expeditious passage of the bill and the alteration of the original figure, which he said was done in exercise of their oversight functions.
The appropriation signed into law showed that capital expenditure got N694,786,041,220 or 86.09 per cent of the total sum.
The recurrent expenditure got N112,302,000,000, which is 13.91 percent of the budget.
“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,” he maintained.
Earlier in his speech ahead of the signing, the Speaker of the State House of Assembly, Chike Olemgbe explained that the appropriation bill presented to them was carefully crafted, a situation that made their job easy and seamless.
