Headline Local News

Gov Emmanuel presents over ₦582bn budget

Akwa Ibom State Governor, Mr Udom Emmanuel, has presented the State 2022 Budget Estimates and Appropriation Bill of N582.115 billion Naira for the 2022 fiscal year to the State House of Assembly for consideration and approval.

The 2022 Budget, Christened: Budget of Re-defining Standards, is made up of N 322 billion Naira for Capital Expenditures and N260-billion Naira for Recurrent Expenditures.

According to the Governor, total projected Recurrent Revenue for 2022 is estimated at ₦273.9 billion Naira.

Governor Emmanuel gave assurance that his administration would complete all projects and with the provision of other social infrastructure.

The Governor thanked members of the House of Assembly for proving themselves as dependable partners in the development of the state and called for more support to enable his administration to achieve its mandate.

The Governor urged the state legislature to give expeditious consideration to the Appropriation Bill to enable his administration deliver more democratic dividends to the people of the state.

Reporting by Uko Sam; Editing by Adeniyi Bakare