News, Uncategorized

GOV. UZODIMMA OF IMO STATE BORROWED OVER 53 BILLION NAIRA IN LESS THAN A YEAR ?

Imo State debt profile rose from 151.31 Billion Naira to 205.18 Billion Naira being an increase of N53.87 Billion just between October to December 2021.

Can anyone see where 53 Billion Naira (which amounts to 10 months allocation from the Federation account to Imo) in the State ?

NB

This does not include over 30 Billion Naira received from the Federation Account for the State and Local Government over the same period of 3 months.

Cumulatively between October and December 2021 Imo received over 80 Billion Naira ..

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