Governor Eno has restated commitment to the maintenance and expansion of the state’s infrastructure.
He made this known while presenting the 2025 budget to the Akwa Ibom state house if Assembly.
The budget is Christine’d ” BUDGET OF CONSOLIDATION AND EXPANSION”
N955.000 billion is the budgetary outlay for the 2025 Financial Year as against N923.462 billion naira of 2024. This represents an increase of 3%.
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The budget is projected on an oil benchmark of $75.00 per barrel at a production rate of 2.12 million barrels per day with an estimated exchange rate of ₦1,400 /US$, in line with the National Budget benchmark projections.
N300.000 billion is proposed as Recurrent Expenditure
While capital Expenditure is estimated at – N655.000 billion.
Total – ₦955.000 billion.