The Akwa Ibom State Government has proposed a N1.2 trillion budget for 2027. This amount is a 24 percent drop from the N1.584 trillion estimate for 2026.
The State Executive Council approved the proposal during a meeting led by Governor Umo Eno at Government House in Uyo on Wednesday.
The Commissioner for Information, Aniekan Umanah, shared details of the meeting on Facebook.
The council instructed that the draft budget be sent to the Akwa Ibom State House of Assembly for review and approval.
The proposed budget is N384.3 billion less than the original 2026 estimate.
After the government adjusted its 2026 budget down to N1.100 trillion through a supplementary budget, the proposed spending for 2027 is about 9 percent higher than the revised figure.
Revenue shortfall leads to budget changes
The council also approved a supplementary budget for 2026, which is now set at N1.100 trillion, down from the original N1.584 trillion estimate. The N483.8 billion cut is about a 30.5 percent reduction.
Officials said the change was needed to realign government spending and priorities due to lower-than-expected revenue.
The supplementary budget will support new ministries and agencies, such as the Ministry of Aviation and Airport Development and the Akwa Ibom State Electricity Regulatory Commission, among others.
It will also fund equity financing for Ibom Air, solar-powered water projects in all 369 wards, the Ibom International Market in Ikot Ekpene, gully erosion control, and equipment for the Command and Control Centre.
The council directed that the supplementary bill be sent to the House of Assembly for their review and approval.
Council greenlights various projects
The council approved project plans for additional work on the Akwa Ibom State House of Assembly complex and the Ibom International Convention Centre in Uyo.
Other projects that received approval include the ARISE-GIFA solar-powered water scheme in all 369 wards, access roads and drainage work at Victor Attah International Airport, and a 5.66-kilometre flood-control project at Dakkada Luxury Estate on Airport Road in Uyo.
The council also gave the go-ahead for the Akwa Ibom Broadcasting Corporation's new headquarters on Dominic Utuk Avenue in Uyo, erosion-control work at the Dakkada Skill Acquisition Centre in Ikot Ada Idem, and renovations at the Ibibio Union Museum and Unity Park.
The memos also included plans for distributing Christmas packages to residents across the state in 2026.
The council discussed a review of state-owned investments aimed at boosting their profits. They also talked about plans for the state’s Christmas Unplugged programme. The statement did not mention which investments were reviewed or what measures will be taken to improve their financial performance.
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