Akwa Ibom Assembly approves N587 billion budget for 2022

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Most MDAs in Akwa Ibom had complained of zero releases of funds for projects in the 2021 fiscal year, according to the Chairman, House Committee on Finance and Appropriation.

The Akwa Ibom House of Assembly on Friday passed the state’s 2022 Appropriation Bill of N586.88 billion.

Governor Udom Emmanuel had on October 25 presented before the House a total budget of N582.12 billion for the 2022 fiscal year.The Chairman, House Committee on Finance and Appropriation, Uduak Odudoh, said the committee adopted a “participatory approach” in the budgetary process. He said the House approved N1.81 billion increase in the recurrent expenditure and N2.95 billion increase in the capital expenditure, bringing the total increase to N4.77 billion.

Mr Bassey said the 7th Assembly would continue to have a robust and impactful relationship with other arms of government to foster development and growth in the state.He commended the MDAs that appeared before the committee during budget defence, adding that the overall objective was to give priority to areas of immediate importance to the Akwa Ibom people.

 

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