By Bernard Tolani Dada Uyo
The Akwa Ibom State House of Assembly has passed a supplementary Bill of N114.5 billion.
Recurrent augmentation in the Bill is N3billion, while capital expenditure is N111.5billion.
The augmentation brings the revised total recurrent expenditure for 2017 to N91billion, while capital expenditure stands at N313 billion.
The approved supplementary Bill brings the revised total budget of the State for 2017 to N485,792,485.80 billion.
Governor Udom Emmanuel had on July 16, 2017 forwarded a supplementary proposal of N114 billion to the House of Assembly for approval.
The governor’s letter to the House of Assembly states that the supplementary budget will be used to fund 19 projects.
Projects listed in the letter include, completion of 4-points by Sheraton Hotel, Ikot Ekpene; construction of governor’s lodge, Lagos; setting up of computer laboratories in schools; construcion of 16.4 km Nto Edino road, Obot Akara, and high-rising building at former Uyo main market; as well as dualisation of ring road 2 & 3 in the state capital