Akwa Ibom State House of Assembly has passed the state’s supplementary budget of N142.72bn into law.
The Executive arm had on Tuesday , September 14, 2021, sent in a Supplementary Budget to the House urging it to augment the initial 2021 Budget of N456.3bn for her to carry out its programmes.
The bill was later given accelerated hearing and was read the first and second time.
The Chairman, House Committee on Appropriations and Finance, Rt. Hon. Uduak Odudoh, presenting his Committee’s report disclosed that during deliberations at Committee level, the Hon. Commissioner for Finance explained that the Supplementary Budget is borne out of the need to realign priorities in line with the Completion Agenda of the Governor Udom Emmanuel led administration.
“The Supplementary Budget as explained by Hon. Commissioner for Finance, Linus Nkang and Hon. Commissioner for Economic Development, and Ibom Deep Seaport , Akan Okon were basically meant to cater for effects of inflation, escalating foreign exchange rates on priority and key programmes and projects of government to make for effective and on-schedule delivery”, he added.
After considering the report at the Committee of Supply, the Bill was read the third time and passed into Law.
However, the Speaker of the Assembly, Rt. Hon. Aniekan Bassey, directed the Clerk, Mandu Umoren to communicate the decision of the House to the executive arm of government.
The speaker also directed the clerk of the house, Mandu Umoren to communicate the passage to the governor, Udom Emmanuel.
However, a Non Governmental Organisation in the state that focuses on fiscal transparency and budgeting, Policy Alert had earlier told the house to subject the governor’s proposed N142.72B supplementary budget to public scrutiny.
In a statement signed by Faith Paulinus, the organization’s Programme Officer, Fiscal Reforms and Anti-Corruption, the group urged the Assembly to ensure peoples’ interests are prioritized and the revenue and capital expenditure performance in previous quarters considered before approval.