Akwa Ibom Proposes N1.2trn 2027 Budget, Approves N1.1trn Supplementary Spending

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The approvals were among the key resolutions reached at the State Executive Council (SEC) meeting held at the Exco Chamber, Government House, Uyo, on Wednesday night.

Briefing journalists after the meeting, the Commissioner for Information, Dr. Aniekan Umanah, said the decisions followed the consideration of memoranda presented by relevant ministries, departments and agencies (MDAs).

Umanah said the council considered and approved the draft 2027 recurrent and capital budget estimates presented by the Commissioner for Budget and Economic Planning.

According to him, the proposed budget has projected recurrent revenue of N1.062 trillion, recurrent expenditure of N431.296 billion, and capital receipts and expenditure of N768.703 billion.

He said the Governor-in-Council directed that the approved draft budget be transmitted to the State House of Assembly for legislative consideration.

On the 2026 supplementary budget, Umanah said the council approved an estimate of N1.100 trillion, representing a downward review from the original figure of N1.584 trillion.

He explained that the adjustment became necessary to realign government expenditure and priorities in response to shortfalls in projected revenue.

The commissioner said the supplementary appropriation would also provide funding for newly established government institutions and agencies, including the Ministry of Aviation and Airport Development, Akwa Ibom State Electricity Regulatory Commission, Senator Oluremi Tinubu Senior Citizens Centre and Akwa Ibom State University of Education.

Other provisions include equity financing for Ibom Air, a solar-powered water project across the state’s 369 wards, the proposed Ibom International Market in Ikot Ekpene, funding for gully erosion control and the procurement of equipment for the Command and Control Centre.

Umanah said the council also approved the transmission of the supplementary budget bill to the State House of Assembly for consideration and passage.

Akwa Ibom State Governor, Umo Eno, has proposed a budget estimate of N1.2 trillion for the 2027 fiscal year and approved a supplementary budget of N1.1 trillion for the outgoing 2026 fiscal year.

The approvals were among the key resolutions reached at the State Executive Council (SEC) meeting held at the Exco Chamber, Government House, Uyo, on Wednesday night.

Briefing journalists after the meeting, the Commissioner for Information, Dr. Aniekan Umanah, said the decisions followed the consideration of memoranda presented by relevant ministries, departments and agencies (MDAs).

Umanah said the council considered and approved the draft 2027 recurrent and capital budget estimates presented by the Commissioner for Budget and Economic Planning.

According to him, the proposed budget has projected recurrent revenue of N1.062 trillion, recurrent expenditure of N431.296 billion, and capital receipts and expenditure of N768.703 billion.

He said the Governor-in-Council directed that the approved draft budget be transmitted to the State House of Assembly for legislative consideration.

On the 2026 supplementary budget, Umanah said the council approved an estimate of N1.100 trillion, representing a downward review from the original figure of N1.584 trillion.

He explained that the adjustment became necessary to realign government expenditure and priorities in response to shortfalls in projected revenue.

The commissioner said the supplementary appropriation would also provide funding for newly established government institutions and agencies, including the Ministry of Aviation and Airport Development, Akwa Ibom State Electricity Regulatory Commission, Senator Oluremi Tinubu Senior Citizens Centre and Akwa Ibom State University of Education.

Other provisions include equity financing for Ibom Air, a solar-powered water project across the state’s 369 wards, the proposed Ibom International Market in Ikot Ekpene, funding for gully erosion control and the procurement of equipment for the Command and Control Centre.

Umanah said the council also approved the transmission of the supplementary budget bill to the State House of Assembly for consideration and passage.

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