Governor Rochas Okorocha State has presented a 102-billion-Naira budget proposal for the 2016 fiscal year before the Imo State House for Assembly.

The Governor made the budget presentation on Tuesday at the hallow chamber in Owerri, the capital of Imo State in southeast Nigeria.

Governor Okorocha explained that the budget, which was tagged ‘Budget of Consolidation and Continuity’, showed that 43.1 per cent of the total budget was proposed for capital expenditure while 56.9 per cent was proposed for recurrent expenditure.

He disclosed that the budget targeted 23 billion Naira from the Imo State’s share of the Federal Allocation, 17 billion Naira from Internally Generated Revenue (IGR) and 148 billion Naira from Excess Crude Oil among others.

Credit: Channelstv