By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Udom Presents N671bn Budget for 2019
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Udom Presents N671bn Budget for 2019

Farouk Mohammed
By Farouk Mohammed
Published: November 14, 2018
Share
3 Min Read
SHARE

Governor Udom Emmanuel has proposed a total budgetary outlay of N670.718 billion for the 2019 financial year for Akwa Ibom state as against the approved provision of N646.649 billion of 2018.

Governor Udom presented the budget proposal before the Akwa Ibom State House of Assembly on Wednesday with recurrent expenditure at N97.096 billion, capital expenditure at N445.936 billion and consolidated revenue fund charges at N127.686 billion.

“In 2019, government intends to build more industries and attract more Foreign Direct Investments, while ensuring the consolidation and sustenance in our already actualized and on-going socio-economic programmes in Health, Education, Roads, Electricity, Water Supply, Agriculture, Information Technology, Capacity Building, Infrastructure, Housing, Commerce and Industry Aviation, General Administration, Political Posterity and Security, Legislature and Judiciary.

“A lot had been put in place in term of infrastructures already, but we need to do more. Our belief and conviction is that through industrialization, the fortunes of people would be greatly improved and employment opportunities will abound for our people thus, lifting the standard of living,” the Governor said during his presentation.

- Advertisement -

The 2019 budget was christened the Budget of Industrialization for Poverty Alleviation and the 2018 Budget was named Budget of Consolidation on industrialization.

“It was so named as the State had started witnessing a breakthrough in industrialization through the construction and commissioning of some industries that are currently in full operations. We also attracted more Foreign Direct Investments, boosted the fortunes of our people and improved employment opportunities,” Udom said.

He said his administration is encapsulated by the five-point agenda of job creation, poverty alleviation, wealth creation, economic and political inclusion, and infrastructural consolidation and expansion to further transform the state into an industrialized entity.

He further stated that the 2019 Budget is prepared in accordance with International Public Sector Accounting Standard (IPSAS) – Accrual Template.

- Advertisement -

“The Policy thrust of the 2019 Budget is aimed at reducing dependence on statutory allocation as the main source of revenue to the State. This will be pursued by establishing more industries, improving IGR and providing the enabling environment which will encourage private investments in the State.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:2019Akwa IbomBudgetUdom
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Ganduje Presents N219bn Budget for 2019
Next Article NECO Postpones Date for 2018 November/December Examination

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Okay.ng Logo

Parallel Market Rates

USD
Buy₦1,540.00
Sell₦1,560.00
GBP
Buy₦2,148.00
Sell₦2,180.00
EUR
Buy₦1,740.00
Sell₦1,800.00

Updated: 15 hours ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

0.00
ShareShareShare

Rates are for informational purposes only.

Okay.ng Logo Parallel Market Rates
USD
Buy
Sell
GBP
Buy
Sell
EUR
Buy
Sell
| okay.ng
- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Widespread Concern in Ondo as Two Adekunle Ajasin University Students Vanish Without Trace
Education News
JAMB Registrar, Is-haq Oloyede
Nationwide Fingerprint Fraud Scandal Uncovered in JAMB CBT Centres, Imo and Anambra Lead
Education News
Senator Natasha Akpoti-Uduaghan
Senator Natasha Akpoti-Uduaghan Explains Delay in Senate Return Amid Legal Nuances
News
ADC Asserts Neutrality Amidst Political Realignments, Denies Bias in Presidential Race
Politics Top stories
Nigeria Union of Teachers
FCT Teachers to Resume as NUT Suspends Over Three-Month Strike
Education
- Advertisement -
Ad imageAd image

You May Also Like

Boladale Odunlami, Commercial Manager, Nestlé Nigeria; Olabisi Joseph, President, Nigeria School Sports Federation (NSSF); and Ifeanyichukwu Orabuche, Category Manager, Beverages, Nestlé Nigeria, pose with the triumphant Father O’Connell Science College team after they clinched the male championship title at the 25th MILO Basketball Championship held at the Indoor Sports Hall, National Stadium, Lagos.
Sport

25 Years of Impact as Nestlé’s MILO Basketball Championship Shapes Nigeria’s Future Champions

Farouk Mohammed
Farouk Mohammed
July 8, 2025
Education

New Admission Benchmarks Set to Standardise Tertiary Entry Across Nigeria

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 8, 2025
Dangote Refinery
Energy & Oil

Dangote Refinery Cuts Petrol Price Again to ₦820 Per Litre, Expands Distribution Network

Muhammad A. Aliyu
Muhammad A. Aliyu
July 8, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?