Akwa Ibom State Governor, Pastor Umo Eno, has proposed a N1.2 trillion budget for the 2027 fiscal year and approved a N1.1 trillion supplementary budget for 2026, following key decisions reached at the State Executive Council (SEC) meeting in Uyo.
Related: Cross River’s Governor Otu presents N987.8bn 2027 budget
Key Highlights
- Governor Umo Eno proposes a N1.2 trillion budget for 2027.
- State Executive Council approves a N1.1 trillion supplementary budget for 2026.
- The 2027 budget proposal includes N431.296 billion for recurrent expenditure.
- The 2026 supplementary estimate was reduced from N1.584 trillion to N1.1 trillion.
- Funding provisions cover Ibom Air, solar-powered water projects across 369 wards and the proposed Ibom International Market.
- Both budget proposals will be forwarded to the Akwa Ibom State House of Assembly for consideration.
The decisions were among the major resolutions reached at the State Executive Council meeting held at the Exco Chamber, Government House, Uyo.
Briefing journalists after the meeting, the Commissioner for Information, Dr Aniekan Umanah, said the approvals followed the consideration of memoranda submitted by relevant ministries, departments and agencies (MDAs).
Akwa Ibom 2027 Budget: N1.2trn Proposal Heads to Assembly
Umanah disclosed that the council approved the draft 2027 recurrent and capital budget estimates presented by the Commissioner for Budget and Economic Planning for onward transmission to the State House of Assembly.
According to him, the proposed 2027 budget comprises projected recurrent revenue of N1.062 trillion, recurrent expenditure of N431.296 billion, and capital receipts and expenditure estimated at N768.703 billion.
He said the Governor-in-Council had directed that the draft appropriation bill be forwarded to the legislature for consideration and approval.
Akwa Ibom Approves N1.1trn Supplementary Budget for 2026
On the 2026 supplementary budget, the Information Commissioner disclosed that the State Executive Council approved N1.1 trillion, representing a reduction from the initial estimate of N1.584 trillion.
He explained that the downward review was necessary to align government expenditure with available resources and prevailing revenue realities following shortfalls in projected revenue.
Umanah added that the supplementary appropriation would accommodate funding for newly established government institutions and agencies.
These include the Ministry of Aviation and Airport Development, Akwa Ibom State Electricity Regulatory Commission, Senator Oluremi Tinubu Senior Citizens Centre and Akwa Ibom State University of Education.
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Ibom Air, Solar Water Projects Feature in Supplementary Budget
Other major provisions in the supplementary budget include equity financing for Ibom Air, the implementation of a solar-powered water project across the state’s 369 wards and the proposed Ibom International Market in Ikot Ekpene.
The budget also provides for gully erosion control projects and the procurement of equipment for the state’s Command and Control Centre.
The Commissioner for Information said the council had equally approved the transmission of the supplementary appropriation bill to the Akwa Ibom State House of Assembly for legislative consideration and passage.
The proposed 2027 budget and the 2026 supplementary estimate are expected to support the state government’s development priorities, infrastructure projects and public service delivery, subject to legislative approval.
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