Governor Rochas Okorocha of Imo State has presented a budget of N190,921,464,290 to the State House of Assembly for the 2018 fiscal year.
The 2018 budget, which is higher than that of 2017 of N131,143,144,277 by N59,778,320,013, representing 45.58 per cent increase, is tagged “Budget of Consolidation and Continuity III.”
It was gathered that out of the 2018 budget, N132.98bn has been earmarked for capital expenditure, representing 69.70 per cent of the total budget; while N57.943bn was for recurrent expenditure, representing 30.30 per cent of the total budget.
Presenting the budget on Wednesday on the floor of the Imo State House of Assembly, Okorocha said, “The 2018 budget will not only consolidate our development efforts, but it will also ensure prudence and efficiency in our expenditure programmes.
“This administration intends to use the limited resources at our disposal to achieve maximum impact.
“We intend to achieve synergy through collaboration and integration of programmes and projects at all levels, in order to realise our vision of making Imo better.
“All relevant agencies of government will be strengthened to gear up towards their constitutional responsibilities to ensure that all programmes and projects are monitored at all times.”