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    Gov Okorocha Presents N102.2Bn Budget To Imo Assembly

    Gov. Rochas Okorocha of Imo, today 29 December presented the 2016 appropriation of N102.2 billion to the state assembly for scrutiny.

    Tagged the Budget of Consolidation and Continuity, its breakdown shows that 43.1 per cent is for capital expenditure while 56.9 per cent is for recurrent expenditure.

    Okorocha said that the budget was aimed at industrialising the state as well as creating jobs for the unemployed youths.

    The governor explained that the state hoped to rake in N23.209 billion from the Federation Allocation, N17.458 billion to be generated from internally while N148 billion would come from excess crude account, among others.

    Receiving the proposal, the Speaker of the assembly, Mr Acho Ihim, assured the governor that the legislators would look at the estimate thoroughly and give it due attention and prompt passage.


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