Akwa Ibom State Governor, Umo Eno, has approved a proposed N1.2 trillion budget for the 2027 fiscal year, alongside a downward review of the state’s 2026 supplementary appropriation to N1.1 trillion.
The approvals were among the major resolutions reached at the State Executive Council meeting held at the Government House, Uyo, on Wednesday.
The Commissioner for Information, Dr Aniekan Umanah, disclosed this while briefing journalists after the meeting, saying the decisions followed the consideration of memoranda submitted by relevant ministries, departments and agencies.
According to him, the council approved a draft 2027 budget estimate of N1.2 trillion, comprising projected recurrent revenue of N1.062 trillion and recurrent expenditure of N431.296 billion.
He added that projected capital receipts and expenditure stood at N768.703 billion.
Umanah said the council had directed that the approved draft budget be forwarded to the Akwa Ibom State House of Assembly for legislative consideration and passage.
On the 2026 supplementary appropriation, the commissioner said the council approved a revised estimate of N1.100 trillion, representing a reduction from the initial N1.584 trillion.
He explained that the downward review was necessary to realign government expenditure and priorities in response to shortfalls in projected revenue.
According to him, the revised supplementary budget would accommodate newly established government institutions and agencies, including 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.
Other provisions include equity financing for Ibom Air, a solar-powered water project across the state’s 369 wards and the development of Ibom International Market in Ikot Ekpene.
The supplementary appropriation would also provide funding for gully erosion control projects and equipment for the state’s Command and Control Centre, among other interventions.
Umanah said the council had equally approved the transmission of the Supplementary Budget Bill to the State House of Assembly for consideration and passage.
