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Hope Uzodimma, the governor of Imo State, proposed N1.4 trillion to the state House of Assembly on Monday for the fiscal year 2026.
With a total of N1,430,573,590,405.04, the “Budget of economic breakthrough” represents a 78% increase over the N807 billion budget for 2025.
Governor Uzodimma stated, “The proposal consists of 83.4% capital expenditure and 16.6% recurrent expenditure,” as he presented the budget to the plenary.
He went on to say that the goal was to eliminate “a generator-based power economy and provide world-class infrastructure to facilitate economic breakthrough,” and that the amount was based on better government allocation and internally produced revenue.
“Recurrent Expenditure for the 2026 fiscal year is N238,499,999,653, covering personnel costs, overheads, and subventions, while the total projected Capital Expenditure is N1,201,073,590,752.04,” the governor stated in the plan.
He characterized this as an unambiguous declaration of the direction and resolve of his administration to supply the necessary infrastructure for economic growth.
According to the governor, the Health Ministry would receive N698.163 billion, while the Ministry of Agriculture and Food Security will receive N20.506 billion.
He claims that the state’s Ministry of Works and Infrastructure Development receives N87.727 billion, the Ministry of Entrepreneurship and Skill Acquisition receives N6.471 billion, the Ministry of Power and Electrification receives N190.451 billion, the Ministry of Education receives N60.623 billion, and the Ministry of Rural Development receives N15.106 billion.
Nonetheless, he praised the state legislature for their full support and collaboration with the executive branch of government and for being true partners in growth.
Earlier, Mr. Chike Olemgbe, the Speaker of the House, expressed optimism that the budget will lead to more and better electricity generation in the state, more infrastructure projects, better healthcare, more human capital development, and long-term food security.
Olemgbe praised the governor for his efforts aimed at bolstering state security while stating that he had continued to uphold the principles of democracy as outlined in the constitution.
Additionally, he gave the governor praise for his accomplishments and reassured him that the House will support his policies aimed at advancing the state.
