Gov.Okorocha proposes N174 Billion “Budget of Rescue” for 2012.

Imo state Governor, Owelle Rochas Okorocha, has proposed a budget of N174,316,400,000 before the State House of assembly for approval.

Governor Okorocha presented this proposal to the Speaker and members of the State House of Assembly at the State Assembly complex, New Owerri.

 

 

IN THIS PHOTO: Rt.Hon. Benjamin Uwajumogu & Gov.Rochas Okorocha

The governor proposed 27 per cent of the budget representing
(47,065,426,000) to recurrent expenditure while the remaining 73  % of N127,250,972,000 goes to capital project.

The budget proposal has a projection of over N88 billion for recurrent items, N86 billion for capital receipts and a receipt of over N50 billion from the federation account.

The budget which is tagged “Budget of Rescue” emphasized that the state government would in 2012 fiscal year pursue aggressively poverty reduction, infrastructural development, provision of employment for the citizenry as well as evolve the commercialization of the state Ministries, Agencies and Parastatals.

IN THIS PHOTO: Gov Rochas Okorocha with Mr Nick Opara-Ndudu, Chief Economic Adviser to the Governor during the 2012 budget presentation at House of Assembly.

 

He added that 2012 budget would also aim at enhancing the internally generated revenue of the state, reduce recurrent expenditure, pursue erosion control and free and compulsory basic education, improve health care and provide adequate infrastructure for the citizenry.

Another unique feature of the budget proposal is the “Imo Multi city Development Programme” which provides for the upgrading of infrastructure in the following towns: Umuaka, Nworieubi, Anara, Ahiara, Okpala, Mgbidi and Akokwa.

The budget also proposed the relocation of the state university,
dualization of roads leading to the three cities of Orlu, Okigwe and Owerri and their massive infrastructural development, construction of a state-of-the-art hospital in each of the 27 Local Government Area (LGA) of the state, construction of four new markets at Owerri and zonal markets in Orlu and Okigwe and the electrification of at least 10 communities in each LGA.

Earlier in his address, the Speaker, Rt. Hon. Ben Uwajimogu noted that the State House of Assembly is in synergy with the governor in every effort to rescue Imo from the shackles of poverty and under development.

He added that in demonstrating this, the House had in recent months passed over 10 people-oriented bills, including the approval for a four-year capital development plan which is today manifesting in the massive road construction, building projects and free education for the people of the state.

Rt. Hon. Uwajimogu assured the state that the House would support the executive in efforts to meet the needs of the people through the promulgation of good laws and effective oversight functions for good governance.

Reacting to the presentation, Hon. Simeon Iwunze representing Isiala Mbano State Constituency thanked the governor for his elaborate presentation but noted that the budget should take into cognizance income and utilization of the fuel subsidy deductions accruable to the state from the federal government.

Mrs. Pat Ekeji, representing Aboh Mbaise and Greg Okemili of Oru East thanked the governor for proposing a budget that would touch the lives of the people and assured him of the support of the members of the Imo State House of Assembly.

Modestus Okafor
For: SSA to the Governor (Media)

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