Barely one week after the over N346bn 2021 budget was presented before the Imo State House of Assembly, the bill has been signed into law by Governor Hope Uzodimma.
The budget was dubbed: “Budget of Wealth Creation”.
The Governor signed the appropriation bill into law on Tuesday during a ceremony which took place at the Executive Chambers, Government House, Owerri, and was witnessed by the Deputy Governor, Prof. Placid Njoku; the Speaker Imo State House Assembly, Rt. Hon. Paul Emeziem, and Principal Officers of the Imo State House of Assembly and members of the Imo State Expanded Executive.
Signing the Bill into law, the Governor recalled that the Executive Arm of the Government had presented to the State Assembly an estimate that was considered “a realistic thinking of what will drive Imo State to the next level, if fully implemented.”
The Governor emphasised that if well implemented the budget would address the unemployment problems in the State, provide infrastructure, provide counterpart funding to the State’s global partners and bridge the gaps that exist to both the State local economy and other economies.
He noted that the Executive Arm of Government has the responsibility to “drive the appropriated revenue, generate the revenue through her MDAs, spend the revenue as appropriated and ensure that the performance profile of the budget as passed into law is reasonable and such that will impact on the lives of the State and her citizenry.”
The Governor thanked the leadership and members of the Imo State House of Assembly for their prompt passage of the appropriation bill, saying that it was a reflection of a strong and cordial partnership between the Executive Arm and the Legislature.
Presenting the Budget for the Governor’s assent, the Speaker of the Imo State House of Assembly, Rt. Hon. Emeziem, said the House had “done justice to the appropriation bill,” adding that the budget passed through the due process of First, Second and Third reading.