A/Ibom Assembly passes 2019 budget

The Akwa Ibom State House of Assembly yesterday increased the 2019 budget estimate with over N2 billion and passed the appropriation bill into law.

The 2019 budget had the capital expenditure of N445.936 billion and the recurrent expenditure of N97.096 billion.

Speaker Onofiok Luke said with the increase, the budget now stood at N672,984,760,760.

“We tailored the bill to meet salient socio-economic agenda of government, and of particular interest to us were infrastructure development, job creation, and revenue generation.

“And to keep the budget in sync with current needs, and having considered the opinions of Akwa Ibom people and stakeholders, we decided to increase the total budget outlay by a little over N2 billion to bring the 2019 estimates to N672,984,760,760,” he said.

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