The N700 billion Appropriation Bill for 2023 has been approved by the Akwa Ibom State House of Assembly. This number is as follows: Recurrent expenses will cost N344 billion, and capital expenses will cost N355.9 billion.
The legislature passed a measure that represents a 0.4% increase above the first budget provided by Governor Udom Emmanuel after hearing the House Committee on Finance and Appropriations report, which was presided over by Hon. Uduak Odudoh (Ikot Abasi/Eastern Obolo).
On Monday, November 7, 2022, at the 7th Assembly's 8th session, Governor Udom Emmanuel gave a budget speech.
The article explained how, following a lengthy discussion, the committee unanimously passed the entire body and the appropriations bill.
Speaker Aniekan Bassey gave Mrs Mandu Umoren, the house clerk, the order to present the document and inform the governor of the House's position after the plenary session.