Akwa Ibom State Government has approved a draft 2027 budget estimate of N1,2 trillion naira with a projected Reccurrent Revenue of N1,062,billion naira, and projected Reccurent expenditure of 431.296 billion naira.
This formed part of the resolutions reached after an enlarged state executive council meeting held at the Executive Council Chambers, Governor’s Office, Uyo and presided over by Governor Umo Eno.
Briefing Government house correspondents shortly after the meeting, the state commissioner for information, Comrade Aniekan Umanah said after considering the memo presented by the Commissioner for Budget and Economic Planning for the draft 2027 Reccurrent and Capital budget estimates of the state government, the Executive considered and approved the 2027 budget draft estimate.
The Governor In Council directed the transmission of the approved draft bill to the State House of Assembly for legislative action. Also, the Executive Council considered a memo for the 2026 Supplementary budget of 1.1 trillion naira which represents a downward review from the original figure of N1,5 trillion naira, noting that the review became necessary for the realignment of Government expenditure and priorities in response to the shortfall in projected revenues against budget.
According to the information commissioner, the supplementary appropriation is designed to provide for newly established Government institutions and Agencies such as the Ministry of Aviation and Airport Development, Akwa Ibom State Electricity Regulatory Commission, Senator Oluremi Tinubu Senior Citizens centre and Akwa Ibom State University of Education. Others include Equity financing for Ibom Air, Solar Powered Water project in the 369 Wards, Provision for Ibom International Market, Ikot Ekpene, funding for Gully erosion, equipment for the Command and Control Centre, amongst others.
Similarly, Council approved that the Supplementary budget bill be forwarded to the State House of Assembly for consideration and passage, stressing that council equally received reports on the review of the state owned investments to optimize profitability, and planning for Christmas unplugged.
Umanah added that the FGPC Memos on various projects and programmes were ratifified, including Additional Works for the Construction and Rehabilitation of the Akwa Ibom State House of Assembly Complex, Uyo, Implementation of ARISE-GIFA Solar-Powered Water Projects Across the 369 Wards of Akwa Ibom State, Additional Works for the Completion of Ibom International Convention Centre, Uyo and Procurement and Distribution of 2026 Christmas Packages to citizens in the 2272 villages of the State, amongst others.
Government house correspondent Jane Iwa reports that the commissioner further disclosed that the Governor thanked God for the successful hosting of President Bola Ahmed Tinubu, GCFR, who was on an official visit to the State and appreciated all Leaders, stakeholders, women, youths and indeed all Akwa Ibom People for their overwhelming show of solidarity during the visit.
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