The Chairman of Ikwerre Local Government Area, Hon. Charles Wobodo, on Monday, November 10, 2025, presented a supplementary budget of ₦6,200,047,377.00 before the 10th Ikwerre Legislative Assembly.
Presenting the budget, Hon. Wobodo explained that the total estimate comprises ₦4,500,047,377.00 as recurrent expenditure and ₦1,650,000,000.00 as capital expenditure.
According to him, the council intends to source the revenue from the Federation Account allocation of ₦6,100,047,377.00, statutory allocation of ₦50,000,000.00, internally generated revenue (IGR) of ₦50,000,000.00, and unspecified revenue amounting to ₦50,000,000.00, bringing the total to ₦6,200,047,377.00.
Providing further details, the council boss stated that the total personnel cost is ₦1,918,047,377.00, while the overhead cost stands at ₦2,632,000,000.00. He explained that the increase in personnel cost is due to salary adjustments, while the higher overhead cost is linked to the appointment of political aides, transfers to reserves, and contributions to the local government.
On capital expenditure, Hon. Wobodo disclosed that ₦130,000,000.00 would be spent on the purchase of fixed assets, ₦200,000,000.00 on construction of new infrastructure, and ₦570,000,000.00 on rehabilitation and repairs of existing assets. He added that ₦250,000,000.00 has been earmarked for environmental preservation projects, bringing the total capital expenditure to ₦1,650,000,000.00.
Hon. Wobodo expressed optimism that the Ikwerre Legislative Assembly would give the supplementary appropriation bill accelerated consideration and passage to enable effective implementation of the council’s developmental plans for the remaining fiscal year.
