Umo Eno proposes N1.2 trillion budget for Akwa Ibom

Akwa Ibom State Governor Umo Eno has proposed a budget estimate of N1.2 trillion for the 2027 fiscal year and approved a supplementary budget of N1.1 trillion for the outgoing 2026 fiscal year. These approvals were made during a State Executive Council (SEC) meeting at the Exco Chamber, Government House, Uyo.

Commissioner for Information Dr. Aniekan Umanah stated that the decisions followed the review of memoranda from relevant ministries, departments, and agencies (MDAs). The proposed budget includes projected recurrent revenue of N1.062 trillion, recurrent expenditure of N431.296 billion, and capital receipts and expenditure of N768.703 billion.

The council also approved the transmission of the draft budget to the State House of Assembly for legislative consideration. The supplementary budget, adjusted from an original figure of N1.584 trillion, aims to realign government expenditure in response to revenue shortfalls and will fund new government institutions and projects, including the Ministry of Aviation and Airport Development and a solar-powered water project.