-presents N190bn 2018 budget
Imo State Governor Owelle Rochas Okorocha has doled out one billion naira to each of the twenty (27) Local Government areas in the state.
The amount which totals twenty billion naira is according to the governor meant for rural roads and other Infrastructural developments in the council area.
Governor Okorocha who announced this on Wednesday during the presentation of the 2018 budget tagged Budget of Consolidation and Continuity III also reeled out over 1000 completed projects in various socio-economic sectors.
The budget estimate is 190,921,464,290 (One hundred and Ninety Billion, Nine Hundred and Twenty One Million, Four Hundred and Sixty Four Thousand, Two Hundred and Nine Naira
Out of this figure,the Imo state government is allocating 132,977,495,866 or 69.7% on Capital expenditure while recurrent expenditure is expected to gulp N57,943,968,424.
Speaking after the budget presentation, the SA Electronic Media to the Imo state governor, Dr Ebere Nzewuji explained that the N1b given to each of the 27 local government areas in the State is not part of the 2018 budget
According to him “it is part of the robust economic interventions of the administration in 2017 to enhance rural development in the state”
Nzewuji added that Governor Okorocha has also put in place mechanisms to ensure that the funds are well utilised in line with his administration’s creed of good governance at all tiers of government
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