Akwa Ibom Governor Udom Emmanuel Signs N646.6.bn 2018 Budget

The Governor of Akwa Ibom State, Udom Emmanuel has signed the 2018 Appropriation Bill of N646.65 billion into law.

This bill which was passed by the state house of assembly last week has been signed by the Governor during a ceremony held at the Executive Council Chamber of the Government House, Uyo, the state capital.

The original proposed budget which was presented to the State House of Assembly was N651.50 billion which makes the N646.6 billion signed 0.74% lower.

The Governor thanked the House and the Committee on Finance and Appropriation for robust deliberations, which ensured speedy passage.

“I must commend the leadership of the House of Assembly and the Committee on Finance and Appropriation for the robust engagement of stakeholders which led to the timely passage of the budget”.

“Let me also thank the MDAS (Ministries, Departments and Agencies) for their contributions to the success of the entire exercise and I assure you that as a government, we will do our best to ensure full implementation of the budget,” Governor Emmanuel said.

According to the budget, N431 billion was allotted to capital expenditure and N94.6 billion for recurrent expenditure, while consolidated fund charges stand at N120.8 billion.