Governor Rochas Okorocha of Imo state has presented a N190billion budget proposal for the 2018 fiscal year.
Okorocha presented the appropriation bill in the hallowed chambers of the Imo State House of Assembly on Wednesday in Owerri, the state capital.
The budget proposal, titled ‘Budget of Consolidation and Continuity III’, has capital expenditure pegged at N132billion representing 69.7% while recurrent expenditure stands at N57billion representing 30.3% of the total budget.
The governor informed the lawmakers that the budget is higher than that of 2017 by about N59billion.
According to him, the 2018 budget will provide a realistic platform for the attainment of his administration’s development goals.
The governor further appealed to the State House of Assembly to expedite action for quick passage of the budget.
