A’ Ibom Assembly passes 2022 Appropriation Bill of N586.88bn

Akwa Ibom House of Assembly on Friday passed state’s 2022 Appropriation Bill of N586.88 billion.

passed budget which is up of N261.96 billion recurrent expenditure and N324.91 billion capital expenditure has an increase of N4.77 billion on initial budget size.

News Agency of Nigeria (NAN) recalls that Gov. Udom Emmanuel, had on Oct. 25, presented befor house, a total budget of N582.12 billion for 2022 fiscal year.

 budget is christened “Budget of Re-defining Standards.”

Earlier, Chairman House on Finance and Appropriation, Mr Uduak Odudoh, said the adopted participatory approach in the budgetary process.

Odudoh said Ministries Departments and Agencies (MDAs), Non-Governmental Organisations (NGOs) and other relevant publics were invited to public hearing on the budget.

He said the house approved N1.81 billion increase in the recurrent expenditure and N2.95 billion increase in the capital expenditure, bringing the total increase to N4.77 billion.

He said the house had recommended that the State Government should ensure prompt and commensurate release of funds to MDAs for execution of projects and programmes.

The chairman said that most MDAs had complained of zero releases in the fiscal year.

The Speaker, Mr Aniekan Bassey, in his remarks, commended the house on finance and appropriation for the quick deliberations on the budget.

Bassey said the 7th Assembly would continue to have a robust and impactful relationship with other arms of government to foster development and growth in the state.

He commended the MDAs that appeared before the during budget defence, adding that the overall objective to give priority to areas of immediate importance to the Akwa Ibom people.

The speaker said that by the passage, the date for the budget implementation would be Jan.1, 2022.

He directed the Clerk of the House, Mrs Mandu Umoren, to send a clean copy of the bill to the governor for assent. (NAN)