Governor Umo Eno of Akwa Ibom State has signed the ₦695 billion supplementary budget, recently passed by the State House of Assembly, into law.
On Tuesday, the Assembly approved the supplementary appropriation bill for the 2025 fiscal year after adopting the report presented by the House Committee on Finance and Appropriation.
Presenting the report during plenary, which was presided over by Speaker Rt. Hon. Udeme Otong, the Committee Chairman, Hon. Itorobong Etim, explained that the supplementary budget would be funded through several revenue sources, including statutory allocations, internally generated revenue, derivation funds, 13% derivation arrears, signature bonuses, exchange gains, and value-added tax (VAT).
According to the report, the ₦695 billion supplementary budget comprises ₦125.66 billion for recurrent expenditure and ₦569.33 billion for capital expenditure, bringing the revised total budget size for 2025 to ₦1.65 trillion.
This new figure includes ₦425.66 billion for recurrent services and ₦1.22 trillion for capital projects. The original 2025 budget of ₦955 billion was passed by the Assembly in December 2024.
A statement from the Government House Press Unit noted that the signing ceremony took place during the October edition of the State’s Project Delivery Meeting at Government House, Uyo.
After signing the bill, Governor Eno thanked the Speaker and members of the Assembly for the swift passage of the budget, reaffirming his administration’s commitment to transparency, accountability, and people-centred governance.
He said: “Let me assure the people of Akwa Ibom State that all hands are on deck. We will continue to carry out our duties with probity and dedication for the benefit of all. With the signing of the supplementary budget, we are even more determined to ensure full implementation of government programmes and projects as contained in the budget.”
To speed up project execution, the Governor released ₦60 billion to contractors with approved Interim Payment Certificates and directed heads of Ministries, Departments, and Agencies, along with Delivery Advisors, to adhere strictly to project timelines and quality standards.
The October Project Delivery Meeting featured 12 major presentations on ongoing initiatives across various sectors, including the Tree Crop Revolution, State Electricity Market, Tourism Destination Marketing, Arise Senior Citizens Centre, Arise Resort, Ibom Tourism Summit, renovation of Ibom Hotels and Golf Resort, Oron Maritime and Jetty Project, CNG City Bus Project, AKBC House, Ikot Ekpene International Market, renovation of the House of Assembly Complex and Speaker’s Lodge, Court of Appeal Complex, Itam Industrial Park, Ibom Model Farm, RAMP Project, Ibom International Hospital, and several other health and infrastructure projects.
In his remarks, Speaker Udeme Otong commended the Governor for his inclusive leadership and innovative governance style, noting that the project delivery sessions provided valuable insights into state-wide development.
“We have never witnessed this kind of delivery review in our state. It gives us a clear understanding of what is happening across sectors. For me, this represents a strong oversight function,” he said, while appreciating the ongoing renovation of the Assembly Complex.
He also pledged continued legislative collaboration with the Executive arm of government to sustain the pace of development.