Akwa Ibom Governor Presents 426bn Naira 2016 Budget

Akwa Ibom State Governor, Udom Emmanuel, has proposed a total budgetary outlay of 426 billion Naira for the 2016 financial year.

The Governor made the presentation of the financial plan to the Akwa Ibom State House of Assembly on Tuesday in Uyo, the capital of the Nigerian southeast state.

While a breakdown of the budget, which was titled “Budget of Sustainable Development” showed that the 2016 estimate was 62 billion Naira less than the 2015 proposal, Governor Emmanuel said the reduction was in line with global economic realities.

Of the total budget, 92.964 billion Naira was meant for recurrent expenditure, 245 billion Naira was planned for capital expenditure while consolidated revenue charges was allotted 88.036 billion Naira.

He said the budget which was based on International Public Sector Accounting Standards (IPSAS), was to rapidly industrialise the state and create opportunities for growth and advancement of the people through his Five-point Agenda of job creation; poverty alleviation; wealth creation; economic and political inclusion; as well as infrastructural consolidation and expansion.

The Speaker of Akwa Ibom State House of Assembly, Mr Onofiok Luke, who was newly elected on Monday, promised to ensure speedy passage of the budget, as he presided over the session which was his first official assignment.

The budget presentation is coming few days after the Court of Appeal in Abuja nullified the governorship election held in Akwa Ibom State won by Mr Udom on the platform of the Peoples Democratic Party.

The judgement was delivered on Friday in Abuja by the lead judge, Justice Adedotun Adefope-Okojie.

In the judgement, the five-man panel also ordered a fresh election in Akwa Ibom, hinging their decision on what they called substantial non-compliance with the Electoral Act.

Comments

VIDEO: SAY GOODBYE TO PETROL & SWITCH YOUR GEN TO START RUNNING ON COOKING GAS

Video: Watch how to install DUAL FUEL CARBURETORS & start running your generators on cooking gas. 12.5kg of gas gives you up to 50hrs of electricity - that's about 10 days if you do 5hrs/day. Even at its current prices, gas is cheaper, safer, cleaner, greener and always available. Come see it in use before buying @ 20 Adeniran Ogunsanya Surulere Lagos or any of our branches. Free nationwide delivery or Installation available. Distributors and Installers wanted nationwide. Next edition of our Hybrid Carburetors Installation training comes up 10am this Saturday @ 20 Adeniran Ogunsanya Surulere Lagos. The need to train and accredited installed becomes necessary, as more and more Nigerians embrace the wonderful innovation. Installers currently earn N5,000 per installation and are in high demands across Nigeria Once installed Potech Carburetors allow your generator to run on cooking gas as well as petrol, depending on what's available to you. Gas is 3...

Ban’s visit: The International Community Supports Buhari – UN

Ms Amina Mohammed, the Special Adviser of UN Secretary-General Ban Ki-Moon on Post-2015 Development Planning, says the visit of the UN Scribe to Nigeria shows international approval of President Muhammadu Buhari. Mohammed told the News Agency of Nigeria (NAN) that Nigeria’s image at the international arena had improved greatly, following a violence-free election that ushered in Buhari. Mohammed, who is an Assistant Secretary-General, was on the entourage of the secretary-general, who arrived in Nigeria on Sunday on a two-day official visit. “The visit of UN Secretary-General Ban Ki-Moon shows international support for President Muhammadu Buhari. “Nigerians should hope for much more support and clarity around key issues that will bring the Secretary-General and the President together.” The UN official, who said she did not want to pre-empt the discussions of the UN Scribe, consequently, declined specific comments on the visit. She, however, said it portends positive devel...

Touching story: How I Survived Ebola ~ Dr Ada Igono

On the night of Sunday July 20, 2014, Patrick Sawyer was wheeled into the Emergency Room at First Consultants Medical Centre, Obalende, Lagos, with complaints of fever and body weakness. The male doctor on call admitted him as a case of malaria and took a full history. Knowing that Mr Sawyer had recently arrived from Liberia, the doctor asked if he had been in contact with an Ebola patient in the last couple of weeks, and Mr. Sawyer denied any such contact. He also denied attending any funeral ceremony recently. Blood samples were taken for full blood count, malaria parasites, liver function test and other baseline investigations. He was admitted into a private room and started on antimalarial drugs and analgesics. That night, the full blood count result came back as normal and not indicative of infection. The following day however, his condition worsened. He barely ate any of his meals. His liver function test result showed his liver enzymes were markedly elevated. We the...

Fully Reported

Search This Blog