Akwa Ibom 2020 budget will come into effect from Jan 1

Udom Emmanuel, governor of Akwa Ibom state, says the state’s 2020 budget will come into effect from the first day of the year.

Emmanuel said this during the signing of the 2020 budget at government house, Uyo, on Wednesday.

The governor said based on the quick consideration and passage of the appropriations bill by the house of assembly on January 1, he will ensure that the budget runs its full course from January 1.

Emmanuel, who signed the budget before presiding over this week’s enlarged state executive council meeting at the state exco chambers, governor’s office, commended the house of assembly for ensuring that the budget was passed on time.

The Akwa Ibom assembly had on December 5, 2019, passed a fiscal bill of N597.735 billion for the year 2020.

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.

The 2020 fiscal law is christened “The budget of industrialisation for poverty alleviation phase 2”, which the governor said was designed to actualise his “completion agenda”.

Those who witnessed the signing of the budget were Aniekan Bassey, the speaker, Nsikan Nkan, commissioner of finance and Uwemedimo Nwoko, commissioner of justice.