About the Ministry of Finance and Economic Development
At the heart of Imo State's economic development is sound financial management. Our ministry is committed to managing financial resources with transparency, integrity, and efficiency to promote sustainable development and improve service delivery.
The Imo State Ministry of Finance is the backbone of the state's financial system. It is responsible for the efficient planning, coordination, and control of all financial matters of the state government. The ministry ensures accountability, transparency, and optimal use of resources in support of economic growth and development in Imo State.
The Ministry operates through specialized departments and units that handle budgeting, treasury management, economic planning, internal revenue generation, procurement oversight, donor coordination, and fiscal policy development. Each unit plays a critical role in ensuring that the financial systems of Imo State remain responsive, transparent, and effective.
Our work is guided by the principles of transparency, accountability, and innovation in public financial management. We are committed to implementing sound fiscal policies that promote economic stability, attract investments, and create an enabling environment for businesses to thrive. Through strategic partnerships with development agencies and the private sector, we are working to build a more prosperous and economically vibrant Imo State for present and future generations.
Our Guiding Principles
Our Vision
To become a model public finance institution delivering accountable and innovative financial services that support inclusive economic growth and development in Imo State.
Our Mission
To manage the financial resources of Imo State with transparency, integrity, and efficiency, in order to promote sustainable development, improve service delivery, and enhance the standard of living of Imo citizens.
- Upholding openness in all financial dealings
- Answering for the proper use of state funds
- Doing the right thing, even when no one is watching
- Maintaining high standards and ethics in service
- Seeking new ways to improve financial systems and service delivery
- Making finance work for the benefit of all Imo citizens
Our Core Values
Transparency
Accountability
Integrity
Professionalism
Innovation
People-Centeredness
Hon. Chuk Chukwuemeka
Honorable Commissioner for Finance and Economic Development
Hon. Chuk Chukwuemeka, with over two decades of experience in public financial management, previously served as Director of Public Procurement and Economic Adviser under Governor Ikedi Ohakim's administration. He currently serves as Commissioner for Finance under Governor Hope Uzodimma, where he leads the charge for economic reform, fiscal responsibility, and improved financial governance.
Under the visionary leadership of Governor Hope Uzodimma, we are committed to transforming Imo State's economy through prudent financial management, innovative revenue generation strategies, and sustainable economic development initiatives. Our focus remains on transparency, accountability, and the efficient utilization of state resources to deliver quality services and infrastructure that will improve the lives of all Imo citizens. Together, we are building a stronger, more prosperous Imo State for future generations.
Our Key Focus Areas
Financial Policy Development
Formulating and implementing comprehensive financial policies that guide the state's fiscal management and economic development strategies.
Revenue Mobilization and Allocation
Optimizing revenue collection and ensuring equitable distribution of financial resources across all sectors of the state economy.
Budgeting and Fiscal Planning
Developing comprehensive budgets and fiscal plans that align with state development priorities and ensure sustainable financial management.
Debt and Asset Management
Managing state debt obligations and optimizing asset utilization to maximize financial returns and minimize fiscal risks.
Expenditure Monitoring and Reporting
Ensuring transparent tracking of all government expenditures and providing comprehensive financial reports for accountability.
Our Strategic Objectives
Through these projects, the Imo State Ministry of Finance and Economic Development is unlocking opportunities, solving real challenges, and building a more resilient future for every Imolite.
Drive economic prosperity through strategic financial management and fiscal policies.
Enhance infrastructure development through transparent and efficient resource allocation.
Improve livelihoods across Imo State through inclusive economic growth initiatives.
Promote transparency and accountability in all financial operations and project implementation.
Support the growth and sustainability of micro, small and medium enterprises (MSMEs).
Strengthen financial systems for evidence-based economic policymaking.
Enhance economic competitiveness and investment attractiveness of Imo State.
Promote inclusive growth and social development through targeted financial interventions.
Develop strategic partnerships with private sector and development partners.
Enhance the capacity of financial institutions and economic development stakeholders.
Our Leadership Team
Meet Hon. Chuk Chukwuemeka and the dedicated team driving the Ministry of Finance and Economic Development's mission to ensure sound financial management and economic growth in Imo State.
Hon. Chuk Chukwuemeka
Honorable Commissioner for Finance and Economic Development
NDUBUEZE AUGUSTINA
Permanent Secretary
Our Structure
The Ministry of Finance and Economic Development operates through a well-defined structure that ensures effective financial management and economic planning. Our organizational framework is designed to address all aspects of fiscal policy, revenue generation, budget implementation, and economic development across Imo State.
Department of Expenditure
Oversees and controls public spending in accordance with the approved budget, ensures timely release of funds to MDAs, and monitors financial commitments.
Department of Financial Services
Manages financial instruments, state investments, debt servicing, and oversees state loans, grants, and financial agreements.
Department of Budget
Prepares and coordinates the state's annual budget, aligns proposals with government priorities, and monitors budget implementation.
Department of Accounts
Maintains accurate financial records, prepares financial statements and payment vouchers, and ensures adherence to financial regulations.
Department of Economic Research
Conducts economic research to inform fiscal policies, analyzes trends and indicators, and advises on economic growth strategies.
Department of Internal Audit
Carries out internal audits to ensure compliance and financial integrity, identifies risks, and recommends corrective measures.
Department of Procurement
Oversees transparent and efficient procurement processes, ensures compliance with procurement laws, and maintains vendor database.
Department of HR
Manages staff recruitment, training, promotions, and welfare, ensuring effective human resource planning and development.
Department of ICT
Supports digital transformation of financial operations, maintains IT infrastructure, and facilitates automation and e-governance.
Legal Unit
Provides legal advice on financial policies and contracts, drafts legal documents, and ensures compliance with laws and regulations.