The Akwa Ibom State House of Assembly (AKHA) has received the 2024 Supplementary Budget, from Governor Umo Eno.
The proposed Revised Budget has an augmented figure of N73,491,516,890, from an initial approved sum of N849,970,759,990, totaling N923,462,276,880.
The Executive Bill was read by the Clerk of the House, Mrs. NsikakAbasi Orok and received on the floor of the House during Plenary on Thursday, following a Motion by the Member representing Ini State Constituency, Hon. Lawrence Udoide and seconded by his Nsit Ibom Counterpart, Hon. Eric Akpan.
Leading the debate on the Supplementary Budget, the Deputy House Leader, Rt. Hon. Otobong Bob (Nsit Ubium) said the 2024 revised financial provision is necessary as there are sectors which funds would be plunged in, to support the ARISE Agenda of the State Government.
The Lawmaker disclosed that the Revised Budget has a Recurrent Expenditure of N350,142,918,810 and a Capital Expenditure of N573,319,358,070.
He explained that the supplementary budget will among other things, cater for public servants, especially in the newly created Ministry of Humanitarian Services.
The Bill was subsequently read the second time and committed to the House Committee on Finance and Appropriation for scrutiny and to report back within one week.
The House also referred a message from the Governor for an adjustment to the Medium-Term Expenditure Framework (MTEF) to the House Committee on Economic Planning for consideration, and to report back within one week.
Meanwhile, the House has adjourned its plenary to Tuesday, November 26, 2024 at 10am.
Credit: Media Unit
Office of the Speaker,
Akwa Ibom State House of Assembly, AKHA
