More Statues? Okorocha Presents N190.92bln. 92 Budget To State House Of Assembly
In 2018, Imo State will be expending 190.92 billion Naira, but whether any amount from that budget will be put into erecting new status like in 2017, time shall tell.
Governor Rochas Okorocha of Imo on Wednesday in Owerri, presented a 190.92 billion Naira budget estimate for the 2018 fiscal year, to the State House of Assembly.
The 2018 budget which was higher than that of 2017 by 59.78 billion Naira was tagged “Budget of Consolidation and Continuity III".
A breakdown of the estimate showed that 132.98 billion Naira (69.70%) was for capital expenditure while 57.943 billion Naira (30.30%) was for the recurrent expenditure.
It also showed that the Ministry of Works and Transport received the highest allocation of 39.811 billion Naira, followed by the Ministry of Education with 13.5 billion Naira about 7.07% of the total budget. The recommended amount by UNESCO is 26%.
Agriculture and Environment received 7.62 billion Naira while the least allocation of 440.24 million Naira was for Ministry of Culture.
The 2018 budget would consolidate the developmental efforts of his administration and ensure prudence and efficiency in its programmes, Governor Okorocha told the lawmakers.
He also highlighted that his administration intended to use the limited resources at its disposal to achieve maximum impact through collaboration and integration of programmes and projects at all levels.