Imo State Governor Rochas Okorocha, yesterday presented the state assembly with a N190billion budget proposal for the 2018 fiscal year. Okorocha presented the appropriation bill at the hallowed chambers of the Imo State House of Assembly on Wednesday in Owerri, the state capital.
According to him in the proposal, titled ‘Budget of Consolidation and Continuity III’, capital expenditure stands at N132billion representing 69.7% while recurrent expenditure stands at N57billion representing 30.3% of the total budget.
The budget, according to the governor during his presentation, is higher than that of 2017 with about N59billion. According to him, the 2018 budget will provide a realistic platform for the attainment of his administration’s development goals.
He added saying the budget will provide hope and practical support to the youths who are of great importance to the state’s prosperous future ending his presentation with an appeal to the State House of Assembly to see to the fast passage of the budget.