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2020 Budget Appraisal: AKHA Tasks Finance Ministry On Economic Realities

The chairman of the Akwa Ibom House of Assembly (AKHA) Committee on Finance and Appropriations has tasked the Ministry of Finance to be realistic in its 2020 budget performance in line with the economic threat caused by COVID-19. Mr Uduak Ududod handed down the task at the commencement of budget appraisal of ministries, departments and Agencies (MDAs) for the first and second quarter of 2020 fiscal year by the committee at the Assembly Complex recently.  Ududoh who is the member for Ikot Abasi/Eastern Obolo State Constituency, appealed to the commissioner for finance, Mr Nsikan Linus Nkan, to ensure prompt payment to contractors, assuring that the 7th Assembly will continue to co-operate with the executive to pass into law peopleoriented bills that will stimulate development and revenue for the state.  Nkan who pointed out that the ministry has taken citizens' involvement in the preparation of budget beyond what it used to be to a level of local government areas and civil liberty organizations (CLO), added that the present administration led by Gov Udom Emmanuel remained committed to the progress of the state in budget performance.  Reviewing the state revenue, the commissioner maintained that out of N74,251,400.00 revenue earmarked for the ministry in 2020 N708,500,546,78 had been generated as at June 2020, including the sum of N108,500,546.78 from investment income, while N600,000,000.00 was from internal loan.  On 2020 capital expenditure between the months of January and June, he said the 2020 approved revised provision for the ministry was N6,236.880.000.00 for 11 number of activities, of which the sum of N5,000,000,000 alone was for inter-ministerial direct labour projects.
Nkan stsed that as at June 2020, a total of N764,900,000.00 representing 12.3 per cent of the revised provision was accessed and utilized for eight number of activities of which out of the released amount, N720 million alone was accessed for inter-ministerial direct labour projects, leaving only N44.9 million for core programmes of the ministry.  At the event were members of the committee which included member for Oron/Udung Uko State Constituency, Mr Effiong Bassey, who is also the vice chairman of the committee; the deputy speaker, Princess Felicia Bassey, the member for Ini State Constituency and the Chief whip of the House, Mr Emmanuel Ekpenyong.  Others were the member for Etinan State Constituency and deputy leader of the House, Mr Aniefiok Dennis; member for Ibiono Ibom State Constituency, Mr Godwin Ekpo; and the member for Abak State Constituency, Elder Udeme Otong.


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