Hope Uzodimma, the governor of Imo State, has credited the economic reforms of President Bola Tinubu for the sharp increase in Imo State’s revenues, saying the state’s monthly allocation from the Federation Account Allocation Committee (FAAC) rose from about ₦100 million after salaries in 2020 to over ₦10.7 billion following the removal of fuel subsidy.
Uzodimma also said the state’s internally generated revenue had increased from less than ₦400 million to nearly ₦6 billion monthly, while its debt profile had dropped from ₦287 billion in 2020 to less than ₦90 billion.
The governor made this known at the Government House in Owerri while receiving members of the Renewed Hope Ambassadors the Media Team who toured infrastructure projects across the state.
Drawing parallels between Nigeria’s current reforms and the biblical journey of the Israelites from Egypt, Uzodimma urged Nigerians to remain patient with the Tinubu administration.
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