Hope Uzodimma, governor of Imo State, has praised President Bola Tinubu’s economic reforms for significantly boosting the state’s finances.He highlighted that Imo’s monthly allocation from the Federation Account Allocation Committee (FAAC) increased from about N100 million in 2020 to over N10.7 billion following the removal of fuel subsidies.The state’s internally generated revenue also rose from less than N400 million to nearly N6 billion monthly.Uzodimma noted that the state’s debt profile dropped from N287 billion in 2020 to below N90 billion.He emphasized that Tinubu’s reforms, which began in 2023, have enabled the state to improve infrastructure, transportation, and electricity access.
The governor drew a parallel between Nigeria’s current reforms and the biblical journey of the Israelites, urging patience with the Tinubu administration.
He also mentioned that the reforms have allowed the state to invest in projects like the Imo Digital City, which aligns with Tinubu’s digital economy agenda.Uzodimma stressed that visible projects and governance are better than online political propaganda, as they directly benefit citizens.
Original title: Tinubu’s reforms raised Imo FAAC allocation from N100m to N10.7bn, cut debt to below N90bn – Uzodimma
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