The Imo State House of Assembly has passed the state’s N592 billion Appropriation Bill for the 2024 fiscal year.
The bill passed its second and third readings at the plenary session of the House on Thursday.
The budget, “Budget of Renewed Economic Growth”, allocated N101.99 billion, representing 17 per cent, for recurrent expenditure, and N491.2 billion, representing 83 per cent, for capital expenditure.
The Majority Leader, Mr Kanayo Onyemaechi (APC-Owerri West), while speaking on the bill, said it would ensure the execution of a lot of developmental projects for the good of the state.
According to him, the governor had been prudent in spending the 2023 budget, particularly in the area of reconstruction and rehabilitation of roads in the state.
He pleaded with the lawmakers to expedite action on the bill to ensure it was passed without delay.
Supporting the bill, the member representing Nkwerre constituency, Mr Chisom Ojukwu (APC), said it represented the good intentions of the state governor.
Ojukwu, who is also the chairman of the standing Committee on Budget and Appropriation, applauded the governor for putting measures in place to ensure the states’ resources were not misused.
