The Akwa Ibom State House of Assembly on Thursday passed the N125 billion supplementary budget into law.

A breakdown of the budget showed that N11.88 billion was earmarked for recurrent expenditures while N113 .43 billion was voted for capital projects.

The supplementary budget took effect from June 1.

The Speaker, Mr. Samuel Ikon, said it became necessary to provide additional services for Akwa Ibom people in the outgoing fiscal year.

Ikon urged the executive after the passage of the law to continue to exercise fiscal discipline in the implementation of the budget.

He said that the fifth assembly would do its best to leverage development in the state through the making of good laws.

Governor Godswill Akpabio had on September 4 presented a supplementary budget of N125 billion to the House.

Akpabio said that the supplementary budget was to ensure the payment of enhanced salaries and allowances to civil servants as well as the road construction and other social infrastructure.


The Chairman, House Committee on Finance and Appropriation, Mr. Onofiok Luke, said that the committee had examined the budget and commended members for their support.


Source: ChannelsTV