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Showing posts with the label Budget Presentation

GOVERNOR UDOM EMMANUEL PRESENTS N582.1 BILLION PROPOSED ESTIMATE FOR 2022 FISCAL YEAR.

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Williams Akpabio - information Unit (AKHA), Uyo Governor Udom Emmanuel of Akwa Ibom State on Monday presented to the House of Assembly, N582.115 billion proposed budget estimate for 2022 fiscal year.  The  budget christened the “Budget of Re-defining Standards”. with intention to take stock of achievements in the past six and half years and consolidate the gains of our achievements thus far, for sustainable expansion and growth. According to the Extimate, Government proposed a total budgetary outlay of N582.115 billion for the 2022 Financial Year as against the approved revised provision of N598.975 of 2021 representing a decrease from the 2021 revised budget; thus: Recurrent Expenditure                                            - N260.151 billion Capital Expenditure                            ...

Akwa Ibom State House of Assembly passes N456.2B Appropriation Bill for 2021 Fiscal year

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 Williams Akpabio - AKHA (Aide) Uyo Akwa Ibom State House of Assembly passes 2021 Appropriation Bill. The Akwa Ibom State House of Assembly has today passed the 2021 Appropriation Bill worth N456.251 billion, thus indicating an increase of 4.7% from the sum of N435.652 billion that the state governor had earlier presented.  The approval of the appropriation bill is sequel to a report presented by the Chairman, House Committee on Appropriation, Rt. Hon. Uduak Odudo, member representing Ikot Abasi/Eastern Obolo State Constituency to the lawmakers during the plenary in Uyo. This was immediately followed by a motion for third reading and passage of the bill raised by the leader of the house Rt Hon. (Sir) Udo Kieran Akpan, member representing Oruk Anam State Constituency and seconded by the Deputy Leader Rt. Hon. Aniefiok Dennis, member representing Oruk Anam State Constituency. The motion was unanimously adopted through a voice vote put through by the Speaker Rt. Hon. Aniekan Bass...

AKHA Appropriation Committee on Pracical Budget Defense

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 Williams Akpabio - AKHA (Aide) Uyo AKHA Appropriation Committee on Oversight Function visits Dakkada Cottage Industry, Worship Centre, Ibom Luxury Estate and Victor Attah International Airport. AKHA Committee on Appropriations and Finance led by the Chairman, Rt. Hon. Uduak Odudoh, Member Representing Ikot Abasi/Eastern Obolo State Constituency on Friday went for oversight function on special projects in the State as part of the activities required for the passage of year 2021 Appropriation Bill. Project site visited includes:            Dakkada Cottage Industries  Dakkada Cottage Industries is located at Itam in Itu local Government Area and is supervised by the State Ministry of Trade and Investment with Sir (Prince) Ukpong Akpabio as the Commissioner, the former AKEES Initiative housed Plastic factory, Ibom Tissue factory, pencil and Toothpick factory. According to the supervising Commissioner Prince Akpabio, the Managing Director Mr. Tedy Tho...

AKS 2021 BUDGET DEFENSE:

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Williams Akpabio - AKHA(Aide), Uyo ASSEMBLY SERVICE COMMISSION DEFENDS 2021 BUDGET ESTIMATES. The Chairman, Akwa Ibom State House of Assembly Service Commission, Barr. Godwill Umoh accompanied by Commissioner 2, Dr. Roberta Edem, Commissioner 4, Barr Godwin Awah, Executive Secretary to the Commission, Elder Sylvanus Akpan and Head of Departments today presented the commission's Budget estimate for 2021 to the House Committee on Appropriation at Finance at the Assembly Complex. The Chairman, presented a total budgetary outlay of N565,000,000 (Five and sixty-five million naira) for 2021 fiscal year and noted that the budget which stands at 215,000,000 as approved by the State Ministry for Economic Development was grossly inadequate for the Commission to perform optimally. Barr. Umoh expressed displeasure over lack of accommodation to the commission,  which he think is the most critical aspect of his budget presentation. Explaining further, he remarked that it is unusual for the Commi...

Akwa Ibom State Appropriation Bill, 2021 passed second reading.

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Williams Akpabio - AKHA(Aide), Uyo  Akwa Ibom State House of Assembly in it's plenary today read A Bill for a Law to Appropriate Monies from the Consolidated Revenue Fund, Revenue Fund and Capital Development Fund in the service of Akwa Ibom State Government the second time. The Speaker Rt. Hon. Aniekan Bassey referred the Bill to House committee on Finance and Appropriation for further legislative actions and  report to the house in one month. It could be recalled that Gov. Udom Emmanuel on October 20th, 2020 presented Akwa Ibom State Appropriation Bill, 2021 to the State legislature. the draft estimate, with the budget size of N435.652billion christened “Budget of Economic Reconstruction.” aimed to continue the actualization process for the Completion Agenda of this Administration, which is hinged basically on achieving rapid industrialization of this State.   The 2021 Budget is predicated on an oil benchmark of $40 per barrel at a production rate of 1.86 million b...

PRESENTATION OF THE 2021 BUDGET PROPOSALS TO AKWA IBOM STATE HOUSE OF ASSEMBLY, UYO, 20TH OCTOBER, 2020

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  AN ADDRESS BY HIS EXCELLENCY, MR. UDOM EMMANUEL, GOVERNOR, AKWA IBOM STATE ON THE OCCASION OF THE PRESENTATION OF THE 2021 BUDGET PROPOSALS TO AKWA IBOM STATE HOUSE OF ASSEMBLY, UYO, 20TH OCTOBER, 2020  PROTOCOL Mr. Speaker and Honourable Members INTRODUCTION 1. We are gathered here in this Hallowed Chamber as we have done in the last five and half years to perform this constitutionally ordained and critical assignment: The presentation of the Estimates of our Expenditures for the Fiscal Year, 2021. On behalf of the Executive Arm of Government, I thank you for the warm welcome you have accorded us. 2. Thirty three years after God granted our fervent prayers to have a State of our own, united in love, shaped and distilled by a shared destiny and bound by the enduring cords of brotherhood, our State has witnessed monumental gains across various sectors. 3. The two Chambers (Legislative and EXCO) have worked in close partnership to accelerate the wheel of progress of our dear S...