– “I will be ruthless with any public officer or political appointee who doesn’t understand the importance of and significance of growing the economy of the State.
-“Never in the history of this state have we brought a budget with a capital expenditure of 82.5% – it is an economic “
Owerri: Governor Uzodimma Signs The 2024 Budget Into Law
-Cautions Public Office Holders Against Acts Of Fraud And Criminality
The Imo State Governor, Distinguished Senator Hope Uzodimma has today signed into law the 2024 Imo State Budget.
Speaking after signing the budget into law at the Sam Mbakwe New Exco Chambers, Government House, Owerri, the Governor commended the leadership and members of the Imo State House of Assembly for the expeditious manner with which the Executive Bill was attended to. “That is what you get when you have a harmonious relationship between the executive and the legislature” he said while describing the uncommon synergy between the two arms of government.
On the anticipated benefits from the budget, Governor Uzodimma said that the 2024 appropriations act will act as a stimulus package and a catalyst that will lead to the growth of the Imo State economy and ensure prosperity for all; “no wonder that the title of the Law is the Budget of Renewed Economic Growth” he declared.
The Governor explained that, “Looking at the budget you will see that never in the history of this state have we brought a budget with a capital expenditure of 82.5%. It is an economic revolution. It is meant to encourage economic activities, rebuild the infrastructure, introduce new ones, and make Imo State to become the envy of other states in the country”.
Speaking further, he stated that “For this proposal to be accepted and passed by the House of Assembly means that the House of Assembly understands very clearly the need to bring prosperity to Imo State.
On the issue of the implementation of the budget, Governor Uzodimma said that, ” The success or otherwise of this budget will largely depend on the prudent implementation of all the articles and items in the budget… “I will therefore plead that the bureaucracy be prudent in managing whatever resources we are able to achieve… when you hear that we have a budget of N592.2 billion naira, it’s just a proposal. There are two components in that document; one is the revenue and the second one is the expenditure. It means that we first make the money because money will be earned before it will be spent. – So for us to make the money, we need all hands on deck; – we need to close all revenue leakages – we need to be prudent – we need to consider the interest of the state – we need to shun all forms of fraud and criminality – we need to commit to our jobs and understand the meaning of public trust. When you occupy a position that is dealing with the destiny and future of a people, you don’t take them for granted.
The Governor warned saying, ” I will be ruthless with any public officer or political appointee going forward who doesn’t understand the importance of and significance of growing the economy of the state and will leave no stone on turned to advance the cause of history in our state” the governor concluded.