Skip to main content

A'Ibom Budget Rises To N850B As AKHA Passes N150B Supplementary Budget for 2023

 




By Asuquo Edem


Akwa Ibom State 2023 Revised budget now stands at N850B as the Akwa Ibom State House of Assembly today during Plenary passed a supplementary estimate amounting to N150B.


In a report presented to the House by the House Committee Chairman on Finance and Appropriation, Hon. Itorobong Etim, informed the Speaker and Members that the committee met with Heads of Government Ministries Departments and Agencies Including the Commissioner for Finance and Accountant General to obtain their views on government priority projects and programs, revenue, debt profile and sources of funding as it relates to areas of augmentation or savings in the supplementary estimates.


She stated that the supplementary budget would be funded through Derivation Revenue of N80B, Direct Credit Substitute/Discounting Facilities/Internal Loans of N54.536B and an Opening Balance of N15.464B bringing to a total of N150B.


Hon. Etim who represents Uruan State Constituency added that the Supplementary Budget of N150B would be made up of N50,310,140,850B for Recurrent Services while N99,689,859,150B would be for Capital Expenditure.


The House was disolved into the Committee of the Whole with the Speaker, Rt. Hon. Udeme Otong as Chairman where the report among other five reports were considered. The motion to pass the report was moved by the Deputy Leader, Rt. Hon. Otobong Bob and was seconded by the member representing Nsit Ibom State Constituency, Hon. Eric Akpan.


The Speaker called on the Clerk, Mrs Nsikakabasi Orok to communicate decisions of the House to the Executive.

Comments

Popular posts from this blog

Exco List: 9 Former Commissioners Make Comeback, Paul Bassey, Anthony Luke Make List

  By Asuquo Edem  After weeks of anxiety and expectations, the governor of Akwa Ibom State, Pastor Umo Eno finally sent the much awaited list of nominees for Commissioners and Special Adviser to the Akwa Ibom State House of Assembly. Those who made the list include 1. Uko Essien Udom, SAN: Etinan  2. Mr Paul Bassey: Eket  3. Dr Nsikak Linus Nkan: Ibesikpo Asutan  4. Mr Bob Almond: Onna  5. Capt Inibong Ekong: Nsit Ubium  6. Hon Ikoedem Ekong: Ibeno  7. Dr Anthony Luke: Essien Udim   8. Dr Offiong Samuel Offor: Ini 9. Rt Hon Iniobong Robson: Esit Eket   10. Dr Henry Archibong: Itu  11. Rt Hon Nsikak Ekong: Ikot Ekpene   12. Comrade Ini Ememobong Essien: Ibiono  13. Prof Eno Ibanga: Mkpat Enin  14. Hon Frank Archibong: Eket  15. Dr Emmanuel John Ekem: Oruk Anam  16. Mrs Inibehe Silas Etukudo: Ika  17. Prof Ubong Essien: Nsit Ibom  18. Rt. Hon Aniekan Umanah: Abak  19. Dr Frank Ekp...

AKHA Defers Giving Resolution To Extend Transition Committees..mandates Committee to verify performance of councils

  By Asuquo Edem Akwa Ibom State House of Assembly today put off giving the governor a resolution to extend the stay of Transition Committees across the State. The State governor who communicated his request for the House Resolution dated 6th May 2024 drawing strength from Section 5 sub 2 of the Local Government Administration Law pleaded with the lawmakers to heed to giving the resolution to extend the tenure of Transition Councils as the Commission responsible for conducting elections require an extended time frame. The motion to receive the letter for deliberation was moved by the member representing Ikono Rt. Hon. Asuquo Nana and was seconded by the member representing Ika State Constituency, Rt. Hon. Mfon Idung. However the Speaker, Rt. Hon. Udeme Otong stated that the Resolution as requested by the governor can't be given today as the House needs to accertain if the Transition Committees are deserving of an extension taking into consideration that they have served for six mon...

Eastern Obolo Leaders Kick Against Illegal Closure Of Creeks, Displacement Of Obianga/Ikonta Villages By Company

  By Asuquo Edem  Leaders of Eastern Obolo led by the Paramount Ruler HRM Uboon( Rt. Hon. Eld) Harry J. Etetor ,illile ix have vehemently expressed displeasure over what they described as illegal closure of Creeks, planned forceful displacement of Obianga/Ikonta Villages and irreparable devastation of the environment by Sterling Petrochemical & Fertilizer Limited. Addressing a World Press Conference today at Villa Hilton Hotel, Uyo, the Paramount Ruler expressed concern over the operational activities of Sterling Petrochemical and Fertilizer Limited (SPFL), an Indian Petrochemical Company operating within the territorial precinct of Eastern Obolo Local Government Area which HRM Uboon( Rt. Hon. Eld) Harry J. Etetor ,illile ix  noted has brought untold hardship to Indigenes of the area. Reading their position paper, Chief Joshua Mathew Ayagwung,the Village Head of Emereoke 11 informed Journalists former governor Udim Emmanuel in 2022 had acquired 1736 hectares of ancest...