Home Business Money Imo IGR Jumps To N3b Monthly From N400m
Money

Imo IGR Jumps To N3b Monthly From N400m

Share
Share

Imo State Governor, Hope Uzodimma, has disclosed that that the state’s Internally Generated Revenue had grown from N400 million to over N3 billion monthly.

Uzodimma made this disclosure during a meeting with various labour union leaders on the night of Tuesday, 26 August, 2025 at the Government House in Owerri, the state capital According to him, in 2020, the state  were receiving allocations between N5 billion to N7 billion, but now it has increased to N14 billion.

“In 2020, the state recorded a debt profile of over N280 billion, but it has reduced to less than N100 billion,” he added just as he also  recalled that when he assumed office in 2020, the major infrastructure in all sectors had totally collapsed.

According to the governor, a lot had been expended to rebuild the collapsed infrastructure, especially roads, and to combat the insecurity challenges.

Uzodimma added that the removal of fuel subsidy had equally raised the cost of living in Nigeria, as much as it had its own advantages.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

NELFUND Hits One million Student Loan Applications

In what is described as one of the one of the biggest...

Access Holdings Records N3.9 Trillion Gross Earnings in Nine Months

Access Holdings PLC has released its nine-month ended September 30, 2025 (“Q3...

Sanwo-Olu Announces Disbursement Of ₦2.7bn To Over 10,000 Vulnerable Lagos Households

The Lagos State Governor, Babajide Sanwo-Olu, has announced the disbursement of ₦2.7...

CBN Denies Allocating $1.26bn To Oil Importers

The Central Bank of Nigeria (CBN) has refuted reports claiming it disbursed...