GOVERNOR UZODINMA SIGNS THE 2024 BUDGET INTO LAW.

GOVERNOR UZODIMMA SIGNS THE 2024 BUDGET INTO LAW


The Imo State Governor, Distinguished Senator Hope Uzodimma has officially assented the 2024 Imo State Budget at the Sam Mbakwe New Exco Chambers, Government House, Owerri.

He praised the swift handling of the Executive Bill by the Imo State House of Assembly, emphasizing the collaborative spirit between the executive and legislative branches. 

According to the Governor, "That is what you get when you have a harmonious relationship between the executive and the legislature" he said while describing the uncommon synergy between the two arms of government. 

The Governor expect the budget, titled "Budget of Renewed Economic Growth," to serve as a stimulus for Imo State's economic development, with an unprecedented 82.5% allocated to capital expenditure aimed at fostering economic growth, infrastructure development and making the state a model for others. 

Governor Uzodimma emphasized the crucial role of prudent implementation, urging responsible management of resources, revenue leakage closure, and a commitment to public trust.

According to him, "The success of the budget will largely depend on the prudent implementation of all the articles and items in the budget... "I will therefore plead that the bureaucracy be prudent in managing whatever resources we can achieve...when you hear that we have a budget of  N592.2 billion naira, it's just a proposal. There are two components in that document; one is the revenue and the second one is the expenditure. It means that we first make the money because money will be earned before it will be spent. - So for us to make the money, we need all hands on deck; - we need to close all revenue leakages - we need to be prudent - we need to consider the interest of the state - we need to shun all forms of fraud and criminality - we need to commit to our jobs and understand the meaning of public trust. When you occupy a position that is dealing with the destiny and future of a people, you don't take them for granted".

He warned of strict measures against any official neglecting the state's economic growth, underscoring the significance of understanding their role in shaping the destiny and future of the people.

Speaking earlier, the Speaker of Imo State House of Assembly, Rt Hon Chike Olemgbe disclosed that from their observations of a well-articulated budget targeting the growth of Imo's economy and the well-being of the people. 

#HopeNewAndElectronicMediaCenter

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