POLITICAL Economy

Akwa Ibom Approves ₦1.2 Trillion 2027 Budget Proposal

by admin on | 2026-11-13 16:03:26

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Akwa Ibom Approves ₦1.2 Trillion 2027 Budget Proposal

By Ahmad Sirajo Makama 

The Akwa Ibom State Executive Council has approved a proposed N1.2 trillion 2027 budget, alongside a revised 2026 Supplementary Budget of ₦1.1 trillion, as part of efforts to strengthen fiscal discipline, realign public expenditure with revenue realities and accelerate development under the ARISE Agenda.

The decisions were reached at an enlarged Executive Council meeting presided over by Governor Umo Eno at Government House, Uyo.

The proposed 2027 budget comprises projected recurrent expenditure of ₦431.296 billion and capital expenditure of ₦768.703 billion, with projected recurrent revenue of ₦1.062 trillion.

Council directed that the draft appropriation bill be transmitted to the Akwa Ibom State House of Assembly for legislative consideration.

It also approved a revised 2026 Supplementary Budget of ₦1.100 trillion, representing a reduction from the initial ₦1.584 trillion, following the need to realign government spending with prevailing revenue projections and emerging development priorities.

The supplementary appropriation provides for newly established institutions, 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 cover equity financing for Ibom Air, solar-powered water projects across the state's 369 wards, the Ibom International Market in Ikot Ekpene, gully erosion control and equipment for the Command and Control Centre.

Governor Eno said the decisions reflected his administration's commitment to prudent resource management and sustained delivery of development projects.

 "We remain committed to prudent management of public resources, completing ongoing projects and delivering meaningful development across Akwa Ibom State." The Governor said

Council also received reports on the review of state-owned investments to optimise profitability and preparations for the forthcoming Christmas Unplugged celebrations.

Additionally, it ratified several Federal Government Project Committee recommendations covering infrastructure, public facilities and citizen-focused programmes.

The approvals include additional works at the State House of Assembly Complex and Ibom International Convention Centre, as well as the ARISE-GIFA solar-powered water initiative across all 369 wards.

Other projects include 1.814 kilometres of access roads and drainage infrastructure at Victor Attah International Airport, a 5.66-kilometre flood-control project at Dakkada Luxury Estate, and construction of the corporate headquarters of Ibom Broadcasting Corporation.

Council also approved erosion reclamation and channelisation works at the Dakkada Skills Acquisition Centre, Ibiono Ibom, renovation and expansion of the Ibibio Union Museum, and distribution of 2026 Christmas packages to residents across the state.

Earlier, Governor Eno received an International Safety Leadership Award from Afrisafe International in recognition of his administration's institutionalisation of occupational safety in public workplaces.

He subsequently directed heads of ministries, departments and agencies to strengthen safety consciousness and approved the hosting of a state Safety Week.

The Deputy Governor also congratulated the Governor and commended the people of Akwa Ibom for their solidarity during President Bola Tinubu's November 6 and 7 state visit, describing the engagement as historic.

Governor Eno had expressed appreciation to God and the people of the state for the successful presidential visit, acknowledging the overwhelming support and hospitality extended to the President and his entourage.