A'Ibom Assembly Passes 2024 Supplementary Budget of N350.1B

By Asuquo Edem

The Akwa Ibom State House of Assembly yesterday passed the supplementary estimates N350,142,918,810 for the year ending 31st December, 2024.

This followed a report which was presented to the House uring Plenary by the Chairman of the House Committee on Finance and Appropriation, Hon. Dr. Itorobong Etim.

The lawmaker informed the House that the Supplementary Budget has an augmented Recurrent Expenditure of N8,922,513,000, against the Approved Provision of N359,065,431,810, totalling N350,142,918,810.

The revised Budget according to Hon. Etim who represents Uruan State Constituency also has an augmented Capital Expenditure of N82,414,029,890, against the Approved Provision of N490,905,328,180, totalling N573,319,358,070.

After considering the Report at the Committee of Supply, the House approved a Supplementary Budget of N923,462,276,880, with November 28, 2024, at commencement date.

The Speaker, Elder Udeme Otong directed the Clerk, Mrs. Nsikak Orok to communicate the report to the executive for implementation.

The House has adjourned to reconvene on the 5th of December 2024.

Also at Plenary, the House cons Report of its Committee on Economic Planning and Development on the Adjustment made in Approved 2024-2026-2025-2027 Medium Term Expenditure Framework (MTEF).

Meanwhile, the House has adjourned plenary, to reconvene on Thursday, December 5, 2024.

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