Governor Hope Uzodimma of Imo State on Tuesday presented a N447.4 billion budget for 2023 to the state house of assembly.
The budget tagged, “Budget of Wealth Expansion,” is made up of N150.4 billion recurrent expenditure, representing 22 per cent; and N373.5 billion capital expenditure, representing 78 per cent.
Presenting the budget to the assembly on Tuesday, the governor said the objective was to satisfy the desires of Imo people by delivering sustainable dividends of democracy and expanding wealth for them.
He stated that the budget would put the well-being of the people at the centre of governance through massive reconstruction of dilapidated infrastructures in urban and rural areas.
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Uzodimma assured of his “undying support and commitment to the well-being of all Imo people,” adding that there would be no room for misappropriation of funds in his government.
The speaker of the house, Emeka Nduka, said the budget presentation provided an opportunity for a “retrospective look at past years with a view to improving on the future.”
Nduka assured that the budget would be passed in good time to enable the governor to “continue his good works in 2023.”
