Akwa Ibom State Governor, Pastor Umo Eno, on Tuesday, November 25, presented a N1.39 trillion appropriation bill for the 2026 fiscal year to the State House of Assembly.
Presenting the estimate on the floor of the House, Governor Eno said the budget is christened “The People’s Budget of Expansion and Growth.”
He stated that 25 per cent of the budget is earmarked for recurrent expenditure, while 75 per cent is allocated to capital expenditure designed to stimulate growth and consolidate ongoing development.
He noted that roads and major infrastructure will take N387.5bn, with strong allocations for education, health, SMEs, and strategic projects across the three senatorial districts.
The governor also disclosed that revenue projection for 2026 stands at N1.146 trillion.
He therefore prayed the House for speedy consideration of the budget, assuring that the Arise Agenda will continue to deliver quality governance across the state.
“Our achievements in two and a half years are inspiring,” he said. “Let us remain united so our people can continue to thrive in this Land of Promise.”
Responding, the Speaker of the House, Rt. Hon. Udeme Otong, described the annual budget presentation as “a cornerstone of democratic governance.” He commended the impact of the Arise Agenda, noting that it has “brought succor and renewed hope to the people of Akwa Ibom State.”
He assured that the House would thoroughly scrutinise the budget to ensure efficient resource allocation and prioritisation of projects that uplift the people.
In a vote of thanks, the Leader of the House, Rt. Hon. Otobong Bob, commended the governor for a visionary and expansion-driven fiscal plan. He lauded the impressive capital-to-recurrent ratio, describing it as a strong statement of development commitment. Bob assured that the House will give the budget speedy consideration and timely passage in the interest of the Akwa Ibom people.
Eze Chidiebere Paul
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