NewStats: 3,262,363 , 8,176,933 topics. Date: Monday, 02 June 2025 at 12:28 AM 3g6o5u

Got N528.6bn balance over expenditure by 3rd quarter.

UYO – AKWA State Government says it recorded an aggregate revenue of N656.83 billion between January and September 2024.

This was contained in the report of the state’s 3rd Quarter 2024 Budget Performance published Tuesday by the Ministry of Finance.

The Commissioner in charge of the ministry, Nsikan Nkan, highlighting key points of the report in Uyo, also disclose that the state recorded a N528.6B balance revenue over expenditure in the third quarter of the 2024 financial year.

Nkan’s report captured that, “The total budget performance for the period under review is 26.9%, whereas, there is a total balance of 528.6 Billion Naira of revenue over the total expenditure for the period.

“The huge budget balance recorded in the 3rd quarter resulted from the highly prudent financial management method adopted by the Governor, Pastor Umo Eno in managing revenue resources of the state.

“In the period under review, the State government has not made any borrowing from any source since beginning of this istration. The huge balance in the budget has been earmarked for various projects already contracted for commencement during the dry season climate change.

“In the next few weeks, the whole state is going to be a huge construction site. The government intends to spend the high savings/ budget balance on these identified capital expenditure projects in the last quarter of the financial year with a view to raising this year’s budget performance to over 60%.

“Last week, the state government organised a 3-day budget review program for the expanded executive council , in which each MDAs took turn to present their budget items and estimates in line with the general policy trusts and objectives of the State Government for the year 2025.

“This was aimed at streamlining the budgetary process in the state to achieve higher budget performance, inclusiveness, transparency and attainment of overall agenda of the government in 2025.

“This programme was organised as a process towards achieving the present istration’s commitment to maintaining a realistic budgeting standard, high budget performance and prudent resource management.”

The Finance Commission assured that, “Akwa Ibom people will see significant improvement in budget performance. The issue of non-release of funds will be addressed.”

https://www.vanguardngr.com/2024/10/akwa-ibom-records-n656-836bn-revenue-in-9-months/

Quite unbelievable!
Wow!

This is great.... Northern governors should take a look at what akwa-ibom is doing instead of crying over proposed tax reform bills.

But it's not reflecting on lives of the akwa ibomites, only few are enjoying this Ibom money .

Yet, Akwaibom is the capital of poverty and hunger in Nigeria

seunowa:
This is great.... Northern governors should take a look at what akwa-ibom is doing instead of crying over proposed tax reform bills.

Those northern governors presented a solid argument in the area of VAT collection.

COMRADES are speechless, is there anything to show for it?

All these monkeys up commenting akwa ibom is the capital of poverty

Adiok inor mbufo

Una don come akwa ibom before and never see afang and ikong soup to chop

Adiok onor mmu ukaa

Believe government at your own peril

SmartPolician:


Those northern governors presented a solid argument in the area of VAT collection.

Yes they did and they earned respect for their argument. VAT proceeds distribution should not be based on where it is collected because the head office of the company does not mean that's where their products are most consumed.

ObaOfYorubaLand:
Yet, Akwaibom is the capital of poverty and hunger in Nigeria

Ekiti is what?

Utanisco:
All these monkeys up commenting akwa ibom is the capital of poverty

Adiok inor mbufo

Una don come akwa ibom before and never see afang and ikong soup to chop

Adiok onor mmu ukaa

Lol
Bros, take am easy o

What did they do with the money? Should we also blame Tinubu for Akwa ibom state government malistration?

Impressive. How was this money generated? Will it be put to good use for the people of the state?

This is commendable!
May God Almighty continue to bless our dear state with good, intelligent, smart, patriotic, selfless, visionary, and committed leaders.

Akwa Ibom has been producing good leaders right from its inception, from the late Air Commodore Idongesit Nkanga to the present.

Great100000:
Got N528.6bn balance over expenditure by 3rd quarter.



https://www.vanguardngr.com/2024/10/akwa-ibom-records-n656-836bn-revenue-in-9-months/

Your stupidity knows no bounds.
We are not noise makers nor empty chest beaters like you people.

Akwa Ibom is a big name in the comity of states.

vanitybutiwanti:
What did they do with the money? Should we also blame Tinubu for Akwa Ibom state government malistration?

Utanisco:
All these monkeys up commenting akwa ibom is the capital of poverty

Adiok inor mbufo

Una don come akwa ibom before and never see afang and ikong soup to chop

Adiok onor mmu ukaa

Lol.. Bros relax oo.

Good!
Will be impressed if it’s allocation is also published.

ObaOfYorubaLand:
Yet, Akwaibom is the capital of poverty and hunger in Nigeria

you think Akwa Ibom is Osun State?

Akwa Ibom on the move and tout like you will always green with envy.
God bless my dear Akwa Ibom state

ernesco0816517:
But it's not reflecting on lives of the akwa ibomites, only few are enjoying this Ibom money .

this new man is trying at least.
Let's give him time

JobAndVacancies:
this new man is trying at least.
Let's give him time

Idongesit how far, you don chop today

Like Delta ( and Bayelsa), like Akwa Ibom. If you know, you know

seunowa:
This is great.... Northern governors should take a look at what akwa-ibom is doing instead of crying over proposed tax reform bills.

They won't, because they've been programmed to believe that they are entitled to the country's wealth...

wiseone28:
Ekiti is what?

anambra is what?

Nice 1.

[quote author=Utanisco post=132680876]All these monkeys up commenting akwa ibom is the capital of poverty

Adiok inor mbufo

Una don come akwa ibom before and never see afang and ikong soup to chop

Adiok onor mmu ukaa[idem ammo isongo]

vanitybutiwanti:
What did they do with the money? Should we also blame Tinubu for Akwa ibom state government malistration?

Like really?

Bros, read the article and understand before you comment. It's not by force to write in the comment section to your name. Don't disgrace our village people na ...

Nnamdipapa:


Idongesit how far, you don chop today

you sef you be mumu oh. So you fit believe say after trolling and dealing with so many haters on this forum I go release my identity and my details?
You no get sense.
If na my name be that make God punish me or dangote trailer crush me but if no be my name or person details na Truck go crush you and your mama to pieces.
You don enter my trolling list and the day I go reason your matter this forum go tire you

ObaOfYorubaLand:
Yet, Akwaibom is the capital of poverty and hunger in Nigeria

Haba nau

ObaOfYorubaLand:
Yet, Akwaibom is the capital of poverty and hunger in Nigeria

akwaibom people complain to u that poverty and hungry want kill them? Amd shock with ur comment

nesphil:
Your stupidity knows no bounds.
We are not noise makers nor empty chest beaters like you people.

Akwa Ibom is a big name in the comity of states.

all states In Nigeria are shiitholes, please don't take it to heart

Utanisco:
All these monkeys up commenting akwa ibom is the capital of poverty

Adiok inor mbufo

Una don come akwa ibom before and never see afang and ikong soup to chop

Adiok onor mmu ukaa

Uko-mbakara mbok ku ukup owo mbiam. just forgive them abeg