By Ikugbadi Oluwasegun
The Imo House of Assembly has passed the state’s N592 billion appropriation bill for the 2024 fiscal year.
The state Appropriation Bill totalling N592.2 billion for the 2024 fiscal year was presented by Governor Hope Uzodinma of Imo State on Tuesday to the House of Assembly for consideration and approval.
The bill passed its second and third readings at a plenary session of the house on Thursday.
The budget tagged ‘Budget of Renewed Economic Growth’, allocated 101.99 billion, representing 17 per cent, for recurrent expenditure, and N491.200 billion, representing 83 per cent, for capital expenditure.
Speaking on the bill, Mr Kanayo Onyemaechi, Majority Leader (APC-Owerri West) said that it would ensure that a lot of developmental projects were carried out for the good of the state.
Onyemaechi also said that the governor had been judicious in spending the 2023 budget, especially in the area of reconstruction and rehabilitation of roads in the state.