Akwa Ibom 2017 budget: Dwindling revenue will affect release of funds for MDAs

Akwa Ibom 2017 budget- Dwindling revenue will affect release of funds for MDAs
Akwa Ibom government has lamented the continued decline of its revenue from the Federation Account saying it would have a negative effect on funding for Ministries, Departments and Agencies in the 2017 budget.
The total budget outlay for the 2017 appropriation bill recently signed by Governor Udom Emmanuel into law is N371 billion.
Answering questions while giving a breakdown of the 2017 budget in Uyo, the Akwa Ibom State capital, Nsikan Linus Nkan, commissioner for finance said while the state government would readily fund all the listed projects, the prompt release of funds for such projects would depend on the amount of money accruing to the state government from federation accounts.
The Akwa Ibom state Commissioner for finance Mr.  Nsikan Linus Nkan also commended the state lawmakers for the swift passage of the 2017 appropriation bill on time.
Nkan who was responding to demands by Ministries, Departments and Agencies of the state government that their units received zero funding in 2016 fiscal year, urged the people to pay their taxes to increase government’s revenue.
Akwa Ibom 2017 budget: Dwindling revenue will affect release of funds for MDAs

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