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…As Capital Expenditure gets 83.4 percent
From George Onyejiuwa, Owerri
Imo state governor, Sen Hope Uzodimma on Monday presented before the Imo state House of Assembly a total sum of One Trillion, Four Hundred and Thirty-Nine Billion, Five Hundred and Seventy-Three Million, Five Hundred and Ninety Thousand, Four Hundred and Five Naira and Four Kobo as 2026 budget proposal.
This represents a 78% increase from the 2025 Budget of N807B. According to Governor Uzodimma the quantum leap is predicated on improved FAAC and IGR, saying his ambition to ‘eradicate a generator-based power economy and provide world-class infrastructure to facilitate the envisaged economic breakthrough.’
A break down of the proposed Budget for the 2026 reads: Recurrent expenditure stands at N238,499,999,653, representing 16.6% of
Capital Expenditure: N1,201,073,590,752.04, representing 83.4% of the total budget.
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Education get – N60,623,155,521- 4.2 percent
Agricultural Sector
20,506,503,669.28 – 1.4 percent
Rural Development and Economic Empowerment N15,106,805,000- 1.0 percent
Health N698,163,918,484.17 – 3.7 percent of the proposed Budget .
Total expected deficit is = ₦233,581,695,891.04 of the 2026 budget.
Governor said, “Mr. Speaker, Honourable members, the budget of Economic Breakthrough is the pathway to sustained economic growth. Over time, in many of my public addresses, I have repeatedly assured our people of a new Imo — industrialised and rich with economic opportunities for all. This is the crux of our 3R mantra and our Shared Prosperity philosophy. In my inaugural address on January 15, 2020, I invited Imo people to join me in “the factory room” to birth a new Imo of our dream with prospects for growth and prosperity for many. That new Imo is now here! Also, in my second term inauguration address, I said, and I quote: “The next four years of my administration will therefore focus firmly on deepening our shared prosperity mantra through massive infrastructure expansion to ensure accelerated economic growth”. Today, that vision has brought us to this moment of economic breakthrough.
Anyone who witnessed the widely acclaimed Imo Economic and Investment Summit will agree that we are on the verge of an economic breakthrough.” He submitted.
