Business/Economy
Akwa Ibom approves ₦695 billion supplementary budget
Written By: Abdullahi Izuagbe
13 Sep 2025 02:02 AM
Uyo, Akwa Ibom – In a significant development for the economic landscape of Akwa Ibom State, Governor Pastor Umo Eno presided over a State Executive Council (EXCO) meeting on Friday, where a substantial ₦695 billion supplementary budget was approved.
This addition brings the total 2025 budget for the state to an impressive ₦1.65 trillion, signaling a robust commitment to advancing the state's development agenda.
The announcement, made via the governor's official X account, highlights the supplementary budget's role in realigning priorities and addressing emerging needs to sustain Akwa Ibom's growth trajectory.
Governor Eno expressed gratitude to President Bola Ahmed Tinubu for his continuous support, which has provided the state with the necessary resources to implement projects aimed at improving citizens' lives under the ARISE Agenda.
The newly approved budget will finance a wide array of initiatives designed to enhance infrastructure, create jobs, and improve the quality of life across all 31 local government areas (LGAs). Notable projects include:
- Implementation of the new minimum wage and personnel emoluments to support public sector workers.
- NYSC allowances for corps members serving in Akwa Ibom and indigenes serving elsewhere.
- Emergency flood and erosion control projects to safeguard vulnerable communities.
- Completion of ongoing projects affected by inflation and the construction of new roads, with awards prioritized during the dry season.
- Purchase of Ibom CNG Mass Transit buses to expand safe and affordable transportation options.
- Funding for newly created ministries, including Sports, Digital Economy, Humanitarian Services, and the Bureau of Rural Development and Cooperatives.
- Tree Crop Revolution Programme to boost agriculture and job creation.
- Construction of new housing estates to address housing shortages across the state.
- Renovation of the House of Assembly Complex to enhance legislative efficiency.
- Capital provisions for acquiring new aircraft to strengthen Ibom Air’s operations.
- Development of the ARISE Shopping City, aimed at boosting tourism and commerce.
Governor Eno emphasized that this strategic budget injection is designed to stimulate the local economy, improve infrastructure, and ensure that the dividends of democracy reach every community.
The ARISE Agenda, a cornerstone of his administration, continues to focus on people-centric governance, with plans to create jobs and alleviate poverty through these ambitious projects.
Additionally, residents have raised specific concerns, including the status of the Ibom Deep Seaport and the BUA refinery project, urging the governor to prioritize these initiatives.
As the supplementary budget awaits presentation to the Akwa Ibom State House of Assembly, stakeholders will be keenly watching how these funds translate into tangible improvements.
Governor Eno’s administration has pledged transparency and efficiency, promising to deliver on its commitment to a prosperous and inclusive Akwa Ibom State.
This addition brings the total 2025 budget for the state to an impressive ₦1.65 trillion, signaling a robust commitment to advancing the state's development agenda.
The announcement, made via the governor's official X account, highlights the supplementary budget's role in realigning priorities and addressing emerging needs to sustain Akwa Ibom's growth trajectory.
Governor Eno expressed gratitude to President Bola Ahmed Tinubu for his continuous support, which has provided the state with the necessary resources to implement projects aimed at improving citizens' lives under the ARISE Agenda.
The newly approved budget will finance a wide array of initiatives designed to enhance infrastructure, create jobs, and improve the quality of life across all 31 local government areas (LGAs). Notable projects include:
- Implementation of the new minimum wage and personnel emoluments to support public sector workers.
- NYSC allowances for corps members serving in Akwa Ibom and indigenes serving elsewhere.
- Emergency flood and erosion control projects to safeguard vulnerable communities.
- Completion of ongoing projects affected by inflation and the construction of new roads, with awards prioritized during the dry season.
- Purchase of Ibom CNG Mass Transit buses to expand safe and affordable transportation options.
- Funding for newly created ministries, including Sports, Digital Economy, Humanitarian Services, and the Bureau of Rural Development and Cooperatives.
- Tree Crop Revolution Programme to boost agriculture and job creation.
- Construction of new housing estates to address housing shortages across the state.
- Renovation of the House of Assembly Complex to enhance legislative efficiency.
- Capital provisions for acquiring new aircraft to strengthen Ibom Air’s operations.
- Development of the ARISE Shopping City, aimed at boosting tourism and commerce.
Governor Eno emphasized that this strategic budget injection is designed to stimulate the local economy, improve infrastructure, and ensure that the dividends of democracy reach every community.
The ARISE Agenda, a cornerstone of his administration, continues to focus on people-centric governance, with plans to create jobs and alleviate poverty through these ambitious projects.
Additionally, residents have raised specific concerns, including the status of the Ibom Deep Seaport and the BUA refinery project, urging the governor to prioritize these initiatives.
As the supplementary budget awaits presentation to the Akwa Ibom State House of Assembly, stakeholders will be keenly watching how these funds translate into tangible improvements.
Governor Eno’s administration has pledged transparency and efficiency, promising to deliver on its commitment to a prosperous and inclusive Akwa Ibom State.
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