The Akwa Ibom State Governor, Umo Eno, on Tuesday, presented the 2025 budget proposal of N955 billion to the state House of Assembly for approval.
The governor, who christened the appropriation bill “Budget of Consolidation and Expansion,” said the sum of N300 billion was earmarked as recurrent expenditure of N300bn and N655 billion for capital expenditure in the budget.
He said the budget is predicated on an oil benchmark of $75.00 per barrel, production quota of 2.12 million barrels per day, and exchange rate of ₦1,400/$.
