FOLLOWING the drop in the revenue from federation allocation to
states in the country, Akwa Ibom State House of Assembly has advised the
various ministries, departments and agencies of government to
prioritize the items on their budget proposals that will generate
revenue for the state.
Chairman, House Committee on Finance and Appropriations, Mr. Usoro
Akpanusoh, gave the advice, yesterday, during the 2016 budget defence
organised by his committee for the 57 MDAs in the state. Gov Emmanuel Udom of Akwa-Ibom
This came as most of the MDAs demanded for increase in the vote
appropriated for them for year 2016 while making their presentations
during the budget defense.
Akpanusoh appealed to them to understand the current economic
situation in the country and ensure judicious use of the funds allocated
to the items in their proposals for the effective implementation of the
2016 budget.
He said, “My appeal is that you should prioritize items on your
budget. There is no need asking for more allocation of funds especially
when you are not sure that you will access all during the fiscal year.”
He said that with the drop in the oil revenue, the state was seeking
other ways of improving its internally generated revenue to fund the
2016 budget.
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