Governor Umo Eno of Akwa Ibom has signed the 2024 appropriation bill of N849.97 billion into law.
Eno, who gave the assent during an expanded Executive Council meeting held at the Government House, Uyo, on Thursday, called for an increase in revenue generation effort.
The final budget size of N849.970 billion signed into law, as passed by the Akwa Ibom House of Assembly on Dec. 21, indicated an addition of N4.3 billion from the original sum of N845.63 billion presented by the governor.
The governor stressed the need to pay greater attention to the revenue generation in the 2024 fiscal year than spending.
“In signing this budget today, my priority will be on revenue. How do we get to bring in the revenue? Because there is no point having a budget this big when the revenue is not commensurate.
“If you review what happened last year, we had the budget too and in previous years, but revenue is always the issue.
He commended the House of Assembly for their painstaking consideration of the bill and working in synergy with relevant departments of the executive arm to ensure thoroughness and timely passage.
