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2012 Imo State Budget speech by Gov. Rochas Okorocha

Fellow Imolites,

Enclosed is a summary of the 2012 Budget proposal speech which was presented to the Imo State House of Assembly on January 19th, 2012. Tagged the “Budget of Rescue”, find out what Governor Rochas Okorocha has in mind for the people of Imo and how much he needs to achieve his goal.

EXCERPTS:

Mr. Speaker Honourable member, a budget size of N174,316,400,000 is proposed for the 2012 fiscal year. Out of this figure Recurrent Expenditure would be allotted 27% (N47,065,428,000) while the outstanding 73% or N127,250,972,000 will be shared to capital projects. Our revenue projections for 2012 are N88,195,040,515 for recurrent items and capital receipts of N86,121,359,485. The details of recurrent revenue are as follows:-

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10 Responses to "2012 Imo State Budget speech by Gov. Rochas Okorocha"

Okpara Okonjo says:

February 11, 2012 at 4:40 AM

EXCERPTS:
“There is an urgent need for a paradigm shift, necessitated by the need to invest heavily in social and economic infrastructure in other to provide an enabling environment to the economic growth and development in Imo State. We believe that considerable emphasis on capital expenditure programmes within the next three years would lay a solid foundation for the emergence of a modern State that is economically self-reliant.

The renewed and increased emphasis on capital expenditure would be supported by a.
proactive programme of commercialization with the active participation of civil service.
aimed at making the Ministrries and Parastatals less dependent on Central Treasury for.
their sustenance and indeed, self reliant within the next two (2) years. The programme
of commercialization shall commence in the first quarter of 2012.

I have entered into a covenant with the people of Imo State to do my utmost best by providing leadership in our collective search for a better future for our people.
With pervasive poverty in Imo State, growing unemployment and dilapidated infrastructure, it is very important that the Rescue Mission Agenda upon which our electioneering campaign was anchored provides a clear direction on the objectives of my Administration.

My vision for Imo State which is encapsulated in the rescue agenda is on course and will be pursued with vigour. All the Stakeholders and relevant players should be collectively prepared to work with us to achieve the desired objectives of this Administration particularly in reducing poverty and unemployment and providing critical infrastructure required for the transformation of our State.

Our motto is that people count, that government is about uplifting the poor, that government is a labour of love, passion and compassion for the less privileged. This budget is also to demonstrate that leadership is about using political power to make irreversible but positive changes in the lives of our people. This administration remains committed to protecting and enhancing the lives of our numerous poor Imo citizens.
All in all, we shall endeavour to apply the peoples’ commonwealth towards the welfare of every citizen.

Pursuing the Rescue Mission agenda with the over-riding objectives of rescuing Imo State from near total collapse, satisfying the desire of the good people of Imo State and bringing about sustained socio-economic development of the State, we have undertaken a review of the infrastructural facilities and institutions in the State. Appalled by the extent of dilapidation and decay of almost all sites visited, we have since embarked on an.
immediate rehabilitation of some dilapidated infrastructure and reactivation of some.
abandoned projects around the State. *With an implementation rate of only 9% for planned capital expenditure, it is certain that a lot more efforts would have to be made to upgrade infrastructure which we all recognize as critical in our efforts to lay a solid foundation for development.

With a population of over five million Citizens, over 70% of the resources of Imo State.
have been spent over the years in the form of salaries and sundry overheads incurred in.
maintaining a civil service bureaucracy run by a little over twenty thousand (20,000).
employees. As a result, we have limited resources to commit to capital projects that.
should provide the infrastructure to support the State’s economic growth and.
development.
In the course of 2012, we intend to redouble efforts aimed at enhancing internally.
generated revenue through an elaborated programme of commercialization to be.
implemented across all Ministries, Departments and Agencies (MDAs).

We have evolved clear-cut strategies and plans under our commercialization programme.
aimed at reducing recurrent expenditure and freeing the resources available to the State.
for capital project that would help lay the foundation for sustainable economic growth.
and development.
With commercialization of the activities with the Ministries, Departments and Agencies(MDAs); we intend to re-engineer the activities in the MDAs by aligning them to practices that would support their evolution into commercially oriented entities focused on maximizing their revenue generation potentials and making them self-sustaining. Our goal in the foreseeable future is to generate enough revenues through the commercialization programme to enable the State pay the salaries and overheads in the Civil Service, thus leaving federally allocation revenue for the financing of capital projects.

The path we have chosen is going to be very challenging but I am determined to provide.
the required leadership to implement this radical reform and ensure that we provide.
critical infrastructure and lay the foundation for a modern Imo State.

SUMMARY OF IMO STATE 2012 BUDGET.
A budget size of N174,316,400,000 is proposed for.
the 2012 fiscal year. Out of this figure Recurrent Expenditure would be allotted 27%.
(N47,065,428,000) while the outstanding 73% or N127,250,972,000 will be shared to.
capital projects. Our revenue projections for 2012 are N88,195,040,515 for recurrent.
items and capital receipts of N86,121,359,485.
The details of recurrent revenue are as follows:- ”.

Reply
Okpara Okonjo says:

February 11, 2012 at 7:23 AM

EXCERPTS:
“There is an urgent need for a paradigm shift, necessitated by the need to invest heavily in social and economic infrastructure in other to provide an enabling environment to the economic growth and development in Imo State. We believe that considerable emphasis on capital expenditure programmes within the next three years would lay a solid foundation for the emergence of a modern State that is economically self-reliant.

The renewed and increased emphasis on capital expenditure would be supported by a proactive programme of commercialization with the active participation of civil service.
aimed at making the Ministrries and Parastatals less dependent on Central Treasury for their sustenance and indeed, self reliant within the next two (2) years. The programme of commercialization shall commence in the first quarter of 2012.

I have entered into a covenant with the people of Imo State to do my utmost best by providing leadership in our collective search for a better future for our people.
With pervasive poverty in Imo State, growing unemployment and dilapidated infrastructure, it is very important that the Rescue Mission Agenda upon which our electioneering campaign was anchored provides a clear direction on the objectives of my Administration.

My vision for Imo State which is encapsulated in the rescue agenda is on course and will be pursued with vigour. All the Stakeholders and relevant players should be collectively prepared to work with us to achieve the desired objectives of this Administration particularly in reducing poverty and unemployment and providing critical infrastructure required for the transformation of our State.

Our motto is that people count, that government is about uplifting the poor, that government is a labour of love, passion and compassion for the less privileged. This budget is also to demonstrate that leadership is about using political power to make irreversible but positive changes in the lives of our people. This administration remains committed to protecting and enhancing the lives of our numerous poor Imo citizens.
All in all, we shall endeavour to apply the peoples’ commonwealth towards the welfare of every citizen.

Pursuing the Rescue Mission agenda with the over-riding objectives of rescuing Imo State from near total collapse, satisfying the desire of the good people of Imo State and bringing about sustained socio-economic development of the State, we have undertaken a review of the infrastructural facilities and institutions in the State. Appalled by the extent of dilapidation and decay of almost all sites visited, we have since embarked on an immediate rehabilitation of some dilapidated infrastructure and reactivation of some abandoned projects around the State. *With an implementation rate of only 9% for planned capital expenditure, it is certain that a lot more efforts would have to be made to upgrade infrastructure which we all recognize as critical in our efforts to lay a solid foundation for development.

With a population of over five million Citizens, over 70% of the resources of Imo State have been spent over the years in the form of salaries and sundry overheads incurred in maintaining a civil service bureaucracy run by a little over twenty thousand (20,000) employees. As a result, we have limited resources to commit to capital projects that should provide the infrastructure to support the State’s economic growth and development.
In the course of 2012, we intend to redouble efforts aimed at enhancing internally.
generated revenue through an elaborated programme of commercialization to be.
implemented across all Ministries, Departments and Agencies (MDAs).

We have evolved clear-cut strategies and plans under our commercialization programme aimed at reducing recurrent expenditure and freeing the resources available to the State for capital project that would help lay the foundation for sustainable economic growth and development.
With commercialization of the activities with the Ministries, Departments and Agencies(MDAs); we intend to re-engineer the activities in the MDAs by aligning them to practices that would support their evolution into commercially oriented entities focused on maximizing their revenue generation potentials and making them self-sustaining. Our goal in the foreseeable future is to generate enough revenues through the commercialization programme to enable the State pay the salaries and overheads in the Civil Service, thus leaving federally allocation revenue for the financing of capital projects.

The path we have chosen is going to be very challenging but I am determined to provide the required leadership to implement this radical reform and ensure that we provide critical infrastructure and lay the foundation for a modern Imo State.

SUMMARY OF IMO STATE 2012 BUDGET.
A budget size of N174,316,400,000 is proposed for the 2012 fiscal year. Out of this figure Recurrent Expenditure would be allotted 27%.
(N47,065,428,000) while the outstanding 73% or N127,250,972,000 will be shared to capital projects. Our revenue projections for 2012 are N88,195,040,515 for recurrent items and capital receipts of N86,121,359,485.
The details of recurrent revenue are as follows:- ”.

Reply
1. David Akata says:
  
  February 11, 2012 at 8:12 AM
  
  This is pragmatism and a well focused administration. The FG and many other states should borrow a leaf . Meanwhile what was the percentage ratio of recurrent and capital in 2010 ? I am sure it was in reverse order
  
  Reply
2. Okpara Okonjo says:
  
  February 11, 2012 at 9:14 AM
  
  INVESTMENY AREAS:
  Oil & Gas and Agriculture
  Solid Minerals
  Communications
  Tourism
  Manufacturing
  Mining
  Privatization
  
  Reply
kcee says:

February 11, 2012 at 3:29 PM

I have seen the budget of other states of the federation and Imo is one of the best along with Rivers in terms of percentage dedicated to capital expenditure. Kudos to Rochas. We really need to make Imo state the envy of other states.

Reply
Anonymous says:

February 18, 2012 at 7:38 PM

There is no need to waste time in approving the budget.any man that shall arise against this shall face death warrant with his entire generation.Rochas my brother God will continue to bless you…

Reply
Ihebom Chidi says:

February 21, 2012 at 2:54 PM

MY ABLE GOVERNOR, HIS EXCELLENCY OWELLE ROCHAS ANAYO OKOROCHA, SIR PLEASE I WOULD LIKE THE ONE THIRD OF THE BUDGET TO GO INTO AGRICULTURE, OIL&SOLID MINERALS, COMMUNICATION BECA– — USE THEY WOULD PROVIDE JOBS FOR MILLIONS OF IMOLITES WHO REALLY NEED JOB.

Reply
IHEBOM CHIDI EMMANUEL says:

February 21, 2012 at 3:08 PM

I WOULD LIKE OUR STATE GOVERNOR TO HELP THE PEOPLE IN THE RURAL AREAS OF IMO STATE IN MAKING SURE THAT THEY DOESN’T LACK ANY OF THE BASIC AMENITIES SUCH AS WATER/ELECTRICITY TRANSFORMERS/GOOD ACCESS ROAD/HEALTH CARE SERVICES FOR THE AGED&CHILDREN/YOUTHS IN THOSE VILLAGES&COMMUNITIES.MY ABLE GOVERNOR,HIS EXCELLENCY OWELLE ROCHAS ANAYO OKOROCHA,MY BROTHER GOD WOULD SURELY CONTINUE TO BLESS&PROSPER/PROMOTE&PROTECT/CONNECT&UPLIFT YOU MORE&MORE THAN YOU WOULD EVER THINK OR IMAGINE,BY GOD’S SPECIAL GRACE AFTER THIS YOUR TENURE AS A GOVERNOR,GOD IS TAKING YOU TO YOUR NEXT POLITICAL POSITION IN NIGERIA WHICH IS THE PRESIDENCY COME 2015,IN THE MIGHTY NAME OF JESUS,AMEN……………… (heskeye@yahoo.com) AM VERY PROUD OF YOU MY ABLE GOVERNOR

Reply
OSITA NWADIKE says:

February 28, 2012 at 2:37 PM

I WOULD LIKE TO CALL ROCHAS THE REDEEMER. YOU ARE ON THE RIGHT TRACK, BUT DO NOT FORGET THE TRADERS. I SUGGEST THAT EKE ONUNWA SHOULD BE REMOVED TO A BIGER PLACE POSSIBLELY TO CHIEF SAM MBAKWE PROPOSED INTERNATIONAL MARKET AT EGBU ROAD

Reply
ugochukwu AKUTA says:

July 30, 2012 at 5:57 PM

our goverment is traying so good but the shuld try on one thing filish one job before another

Reply

2012 Imo State Budget speech by Gov. Rochas Okorocha

Fellow Imolites,

Enclosed is a summary of the 2012 Budget proposal speech which was presented to the Imo State House of Assembly on January 19th, 2012. Tagged the “Budget of Rescue”, find out what Governor Rochas Okorocha has in mind for the people of Imo and how much he needs to achieve his goal.

EXCERPTS:

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