- Imo State Governor, Hope Uzodimma, has presented the 2025 budget to the Imo State House of Assembly, totaling ₦755,588,041,220.
- The budget, tagged “Budget of Expanded Economic Opportunities,” represents a significant increase of over ₦163.3 billion compared to the 2024 budget.
- The budget is divided into recurrent and capital expenditures, with ₦112,302,000,000 allocated for recurrent expenditure and ₦643,286,041,220 for capital expenditure.
Imo State Governor, Hope Uzodimma, presented the 2025 budget to the Imo State House of Assembly on Monday, with a total allocation of ₦755,588,041,220. The budget, tagged “Budget of Expanded Economic Opportunities,” represents a significant increase of over ₦163.3 billion compared to the 2024 budget, which stood at ₦592.2 billion ¹.
Budget Breakdown
- Recurrent expenditure: ₦112,302,000,000
- Capital expenditure: ₦643,286,041,220
- Federation Account Allocation Committee (FAAC) allocation: ₦293,154,121,949
- Internally generated revenue (IGR): ₦42,577,065,257
- Capital receipts: ₦419,856,584,014
Ministry Allocations
- Ministry of Works and Infrastructure Development: ₦296,461,152,778 (46% of the capital budget)
- Education Ministry: ₦7,420,000,000
- Ministry of Livestock Development: ₦20,000,000,000
- Ministry of Transport: ₦101,010,000,000 (16% of the capital budget)
- Ministry of Power and Electrification: ₦74,755,479,042 (12% of the capital budget)
Governor Uzodimma highlighted that the ₦72,600,766,110.80 loan burden he inherited in 2020 has been cleared, making Imo State an investor’s pride. He also listed ongoing efforts to rehabilitate and expand critical infrastructure, including rural road construction and the Imo State Electricity Distribution (ISED) project.
