Skip to main content

2017 budget: Akwa Ibom budgets N365.2

Akwa Ibom State Governor, Udom-Emmanuel

The Akwa Ibom Government says it will spend N94.8 billion or 26 per cent of its N365.2 billion budget for 2017 on roads, works and transport sectors.

The state governor, Mr. Udom Emmanuel, disclosed this on Thursday in Uyo while presenting the 2017 budget proposal before the state House of Assembly.

Emmanuel explained that road and transport infrastructure were necessary to boost economic activities in the state.

The governor said that the state government would draw up Akwa Ibom Road Master Plan in 2017 for effective and efficient transport operations in the state.

“In 2017, the transport sector intends to provide road signs within and outside the state capital.

He announced the commencement of ferry service from Ibom Le Meridien in Uyo to Tinapa in Calabar and the reactivation of Oron-Calabar ferry service to boost tourism in 2017.

The News Agency of Nigeria (NAN) reports that the 2017 budget proposal provided N194 billion for capital projects, N88.4 billion for recurrent expenditure while consolidated revenue would account for N82. 9 billion.

Emmanuel noted that the 2017 budget was N58 billion or 13.7 per cent lesser than the N423billion budgeted for the 2016 fiscal year.

He said that N16 billion was allocated to lands and housing; education, N8.6 billion; agriculture, N6.8 billion; culture and tourism, N700 million.

Emmanuel said the 2017 budget, christened “Budget of Consolidation”, was aimed at expanding economic activities as well as promoting industrialization in the state.

The governor said that the budget would also focus on the promotion of trade, commerce and tourism between Akwa Ibom and the rest of the world.

Labels:

Comments

Post a Comment

Popular posts from this blog

Court grants Fani-Kayode N50m bail

Fani-kayode sandwiched by EFCC officials Justice James Tsoho of the Federal High Court Abuja on Thursday granted a N50m bail to former spokesman of the Goodluck Jonathan Campaign Organisation, Chief Femi Fani-Kayode. Fani-Kayode was arraigned by the Economic and Financial Crimes Commission (EFCC) on a five-count charge of money laundering to the tune of N26m. Fani-Kayode is the sole defendant in the fresh charges numbered, FHC/ABJ/CR/140/2016. The EFCC accused the defendant of diverting 26 million Naira allegedly received from the ONSA while Sambo Dasuki was in office. The anti-graft agency also accused him of handling the said N26 million without going through financial institution as required under the Money Laundering Act. The embattled former minister is already facing 17-count charge of money laundering before the Lagos Division of the court, along with a former Finance Minister; Nenadi Usman, Danjuma Yusuf and a firm; Joint Trust Dimension Nigeria Limited. They were charg...
Post a Comment
Read more

Houthis Claim Attack on Central Israel in Response to Gaza ‘Massacres’

The ongoing conflict between Israel and Hamas has taken a concerning regional turn as the Houthi rebels in Yemen claimed responsibility for an attack on central Israel. The group announced this as part of their escalating response to what they describe as "massacres" in Gaza amid the Israeli military’s operations in the strip. Details of the Attack The Houthis, a Shiite militant group with ties to Iran, declared that they launched missile and drone strikes targeting Israel. While the exact impact of these attacks remains unclear, reports suggest that Israel’s defense systems intercepted several threats over its airspace. This marks a significant escalation as the Houthis widen their involvement in the conflict beyond their typical operations within Yemen and neighboring Saudi Arabia. The Houthis’ Justification In their statement, the Houthis framed the attack as retaliation for Israel’s military actions in Gaza, which they characterized as indiscriminate bombings resultin...
Post a Comment
Read more

Fire: UniJos Senate convenes emergency meeting on Monday

Fire at the University of Jos Library University of Jos is to convene an emergency senate meeting on Monday to review the level of damage done to the institution by the Saturday night inferno. The Vice Chancellor, Prof. Sebastian Maimako, disclosed this on Sunday after inspecting areas affected by the incident. The fire, which lasted for more than six hours, destroyed the Library Complex that equally houses the faculties of management and social sciences. The fire also destroyed examination scripts, books and very crucial materials. Consequently, the vice-chancellor said “the Senate will meet tomorrow (Monday) to take a decision about the unmarked examination scripts that were burnt.” On the cause of the inferno, Maimako said investigation had commenced, adding that “nothing has been confirmed yet. We are still investigating.” The vice chancellor said the school was already working with federal authorities toward establishing a main fire station since the mini fire station in t...
Post a Comment
Read more