The Governor of Akwa Ibom State, Mr. Udom Emmanuel, on Wednesday, signed the 2020 Appropriation bill of N597.735billion into Law
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The State House of Assembly had on December 5, 2019, passed the N597.735billion budget estimate for the 2020 fiscal year as against the proposed N597.800 billion budget presented to them by the state Governor on October 8, 2019.
This is made up of N111.250 billion for recurrent expenditure, N369.577 billion for capital expenditure and N116. 934 billion for Consolidated Revenue Fund Charges.
Gov. Emmanuel said the 2020 budget christened ‘ Budget of Industrialisation for Poverty Alleviation phase 2’, was designed as a key milestone in actualizing his completion agenda.
Present at the brief ceremony held in Government House were Speaker of the State House of Assembly, Aniekan Bassey, Attorney General of the state, Uwemwdimo Nwoko.
