The Akwa Ibom State House of Assembly, has passed the 2022 Appropriation Bill into law.
Recall that Governor Udom Emmanuel had on October 25, 2021, proposed a total budget outlay of N582.115Billion for the 2022 financial year before the 7th Assembly.
The Bill was referred to the House Committee on Finance and Appropriation for further legislative actions.
Presenting the Committee’s report at Plenary on Thursday, the Chairman, Rt. Hon. Uduak Odudoh, urged the House to pass a total revised budget outlay of N583.881billion, made up of N261.963 billion for Recurrent Expenditure and N324.918 billion for Capital Expenditure, amounting to an increase of N4.766billion of the initial budget size.
The House, after dissolving into the Committee of Supply, considered the Recommendations of the Appropriations Committee.
The House approved an increase in the Recurrent Expenditure by N1.813billion and increase in the Capital Expenditure by N2.954billion and an overall increase in the 2022 budget estimates by N4.766billion.
The House also urged the government to ensure prompt and commensurate release of funds to MDAs for execution of projects and programmes.
The House subsequently passed the bill into law, with 1st January, 2022, as commencement date.
In his remarks, Speaker of the House, Rt. Hon. Aniekan Bassey, commended the House Committee on Finance and Appropriation, noting that the 7th Assembly will continually build a robust and impactful relationship with other arms of government to foster development and growth in the state.
The House has adjourned its plenary to Tuesday, December 7, 2021 at 10am.