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Uzodimma budgets N381bn for 2022


Governor Hope Uzodimma of Imo Friday presented a budget estimate of N381,462,947,677 billion for the 2022 fiscal year.

The budget captioned “Budget of Wealth Consolidation and Recovery” earmarked N96,746,349,775 for Recurrent expenditure representing 23.36 percent of the budget and N284,716,597,902 for capital expenditure, representing 74.64 percent.

The budget set aside N8,980,000,000 from the recurrent expenditure and N6,379,828,253 from the capital expenditure to mitigate the negative effects of the COVID-19 pandemic.

The Consolidated Revenue Fund Charges (CRFC) representing 16.27 percent is N15,743,247,101, proposed personnel cost is N11,560,053,039, overhead cost is N46,335,337,355, while N23,107,712,280 is for subvention cost.

N142,334,052,933 representing 50 percent of the capital expenditure was mapped out for the economic sector, while N55,757,500,000 is for social services sector.

The budget also earmarked N78,125,931,053 for the administrative services sector and N8,499,113,916 for government transfers. Continue Reading


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