Fidelity bank banner Camano banner
Gov. Emmanuel plans industrial revolution with N651.5bn 2018 Akwa Ibom Budget

By Isaiah Eka on 25/11/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 680

•Governor Udom Emmanuel
•Governor Udom Emmanuel

Gov. Udom Emmanuel of Akwa Ibom on Friday presented 2018 budget of N651.50 billion to the Akwa Ibom House of Assembly for consideration.

The News Agency of Nigeria (NAN) reports that the budget is higher than 2017 figure of N485.79 billion with N165.71 billion.

The Appropriation Bill comprised N92.69 billion recurrent expenditure and N437.67 billion for capital expenditure while consolidated revenue stood at N120.86 billion.

Emmanuel said that the total projected recurrent revenue for the year was N289 billion as against N188.50 billion estimated in 2017.

He said that the Bill christened “Budget of Consolidation on Industrialisation”, was expected to drive the state government’s industrialisation policy to logical conclusion.

The governor said that the preparation of the budget was guided by the International Public Sector Accounting Standard (IPSAS).

According to him, the policy framework of 2018 budget is also predicated on developmental objectives.

He assured that catalysts outlined in the state’s Medium Term Plan document would be strictly adhered to in pursuing transformation agenda.

Emmanuel said the budget would also aim to actualise the economic power base of the state through industrialisation and sustainable public-private initiatives that would open opportunities for growth and improved living standard.

He explained that the 2018 policy framework would be to ensure accountability and transparency in government by fighting and tackling corruption in all facets of state administration.

He further explained that the budget would also focus on promotion of trade, commerce and tourism between Akwa Ibom, the country and the world.

He announced that the budget was predicated on oil bench mark of 45 dollars per barrel and production rate of 2.3 million barrels per day.

Highlights of the 2018 showed that roads, works and transport got the lion share of N211.42 billion; education, N10.53 billion and N17.91 billion for agriculture.

In his remarks, Speaker of the Assembly, Mr Onofiok Luke, assured the governor that the lawmakers would quicken the consideration process to ensure speedy passage of the Appropriation Bill. (NAN)

Source News Express

Posted 25/11/2017 3:32:18 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Fuel crisis: Kachikwu splits APC

Special Report: How authorities abuse Nigerian women on...

Bailout: APC hails Buhari for ending workers’ misery...

El-Rufai appoints Perm Secs, Advisers; Head of Service...

NiMet predicts rains, thunderstorms for Saturday

2015 polls will be violence-free, Dasuki assures

Buhari orders payment of Super Falcons in 48...

2015: Udom well qualified to be Akwa Ibom...

Benue earmarks 2,424 illegal schools for closure

Boko Haram: The pampered children of the North...

Stakeholders converge at National Assembly, participate in 2017...

Shell resumes Bonny Light crude export

 

Latest News Ohanaeze set to host Afenifere, Arewa, PANDEF at Igbo Day celebration 2019 elections: APC, PDP disagree over readiness Ndume begs colleagues not to boycott 2019 Budget presentation Temple food kills two children, 9 others PDP rejects INEC plan to create poling centres in IDP camps Kaduna APC Primary: Aspirant alleges threat to life Umahi sacks Ebonyi Broadcasting Corporation Board Chairman Insurgency: Buhari, other Lake Chad Basin leaders meet in Abuja Development partners facilitate science-policy interaction in West Africa Tragedy hits Nigerian football as star defender Dominic Dukku slumps and dies before match Okowa mourns Delta CJ’s wife, urges Nigerians to live impactful life Defence Minister charges War College participants to remain apolitical

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (430,522 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (395,252 views) Shameless Genevieve Nnaji exposes breasts in public (328,101 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (282,114 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (248,150 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,423 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (212,348 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,530 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (179,983 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,671 views) Lagos plane crash: Journalist releases victims’ names (167,400 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (153,862 views)

 

CBN banner Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,883) Business Verdict (54) Columnists (974) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (679) Global Business Monitor (313) International (2,830) Interview (167) Live Commentary (28) Love Matters (147) Maggie's Blog (74) News (41,462) Opinion (1,153) Pidgin (13) Politics (8,183) Religion (916) Sports (1,822) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera