Akwa Ibom Signs N422.6bn Appropriation Bill Into Law

The Akwa Ibom State Governor, Mr. Udom Emmanuel, has signed into law the sum of N422.6 billion as the Appropriation Bill for the 2016 financial estimate of the state.

A breakdown of the estimates has N94.6 billion for recurrent expenditure, N243 billion for capital expenditure while N85 billion is for consolidated revenue and front charge.

Emmanuel said the timely passage of the bill was a clear indication of the shared focus of development between the Executive and the Judiciary.

“All over the democratic world, budgets and its associated issues are always contentious, and the outcome is always a product of horse-trading. I am proud to say that here in Akwa Ibom state, we did not have to engage in horse-trading, we did not have to go into long and bruising contentious arguments over some asinine issues:”