Wednesday 26 October 2016

2016 BUDGET : AKHA APPROVES OVER #95BILLION FOR LGAs IN A'IBOM

By John Ernest
The Akwa Ibom State House of Assembly has approved a total budget size of N95,758,452,000 (Ninety five billion, seven and fifty eight million, four hundred and fifty two thousand naira) as 2016 estimates budget for the 31 local government councils in the state.

The budget which takes effect from 1st January, 2016, shows a total re-current revenue of N88.472 Billion and a total re-current expenditure of N46.980 Billion as well as a capital receipt/expenditure of N95.758.452 Billion. The budget was approved by the House on Tuesday's plenary following the submission of report by the House Committee on Appropriations and Finance on the 2016 budget of local government councils.
While submitting his report, the Chairman of the Committee, Hon. Usoro Akpanusoh member representing Esit Eket/Ibeno State Constituency said the committee engaged relevant stakeholders including the Ministry of Finance, Ministry of Local Government and Chieftaincy Affairs, State budget office and the 31 local chairmen in the discharge of the committee’s assignment. He further explained that necessary scrutiny were done on the budget estimate of the thirty one local government councils, and that his committee was satisfied and seek the approval of the budget by the House.
Responding, the Speaker, Rt. Hon. Onofiok Luke thanked House members for their painstaking effort in ensuring that the third tier of government operates effectively. He further commended Governor Udom Emmanuel for his managerial ability and supervisory role in seeing to the optimal performance of the local government system.
It could be recall that on thursday 23rd day of June, 2016, the Akwa Ibom State House of Assembly(6th assembly) summoned the former commissioner for Local Government and Chieftaincy Affairs, Hon. Victor Antai for not submitting the budget of the 31 Local Government Councils in the State.

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