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December 18, 2024 Commissioner For Economic Development Says 2025 Budget Will Improve Quality of Life in Akwa Ibom
IFMUYONEWS

Commissioner For Economic Development Says 2025 Budget Will Improve Quality of Life in Akwa Ibom

The Commissioner for Economic Development, Mr. EMEM BOB, says the proposed 2025 budget prioritizes initiatives to stimulate economic growth, create jobs, and improve the quality of life for Akwa Ibom residents.

He stated this at the ongoing Executive Ministerial Briefing and End-of-Year Review in Uyo with the theme “Highlighting Achievements, Signposting the Future.”

The commissioner outlined key achievements and future projections for Akwa Ibom State’s Economic Development.

Mr. BOB also reiterated the Ministry’s commitment to coordinate policy planning and implementation across MDAs, ensuring a unified approach to achieving the objectives of the ARISE Agenda.

The briefing featured presentations from other MDAs, highlighting their progress, achievements, and plans. Participants, including representatives from Civil Society Organizations (CSOs), professional bodies, and the media, engaged in interactive sessions, offering insights and feedback on the government’s efforts.

December 18, 2024 Governor Umo Eno Confirms Akwa Ibom Can Generate 24/7 Power
IFMUYONEWS

Governor Umo Eno Confirms Akwa Ibom Can Generate 24/7 Power

Governor UMO ENO has expressed belief that the state can generate power 24 hours 7 days in a week, insisting that a power infrastructure committee has become necessary to advance Akwa Ibom’s power sector.

The Governor was speaking during day 2 of the Inter- Minister briefing which will continue today, after listening to the submissions of the Commissioner for Power ; CAMILUS UMOH, who spoke about the issues in his ministry.

The Governor who made reference to the sack of the Ibom Power Company Managing Director; Engineer MEYEN ETUKUDO and the criticisms following his decision, maintained that he took the right step to correct anomalies that exist in the sector.

Governor ENO went ahead to note that a master plan for the development of Akwa Ibom’s Power sector, as an offshoot of a summit, is crucial, and that these activities must be held in the first quarter of 2025.

Commissioner for Power, Engineer CAMILUS UMOH, in his briefing expressed concerns about vandalism of power infrastructure in the state while also establishing that the draft electricity laws contains stiff penalties for offenders.

December 17, 2024 Federal Executive Council Gived Nod to President Tinubu on 2025 Budget
IFMUYONEWS

Federal Executive Council Gived Nod to President Tinubu on 2025 Budget

The Federal Executive Council has given final approval to the 2025 budget to be presented by President BOLA TINUBU.

Speaking to State House correspondent shortly after the FEC meeting chaired by President TINUBU at the Presidential Villa on Monday, the Minister of Budget and Economic Planning, ATIKU BAGUDU said the total 2025 expenditure is projected at forty-seven trillion, nine hundred and sixty billion naira which is an increase of 36.8 per cent from the 2024 estimate.

BAGUDU said the 2025 Appropriation Bill is pegged on an Oil price benchmark of 75 dollar per barrel, oil production of 2.06 million barrels per day and exchange rate of N1,400 to a dollar.

He said the total projected revenue for 2025 budget stands at thirty-four trillion, eight hundred and twenty billion naira.

Meanwhile, there are indications that President BOLA TINUBU may not present the 2025 budget to the National Assembly today, December 17, as earlier scheduled.

December 17, 2024 Governor Umo Eno Assures of Prudent Use of State Resources
IFMUYONEWS

Governor Umo Eno Assures of Prudent Use of State Resources

Governor UMO ENO has reiterated the commitment of his administration to lay a fundamental structure for investment in order to guarantee sustainable development.

 Governor ENO stated this during the ministerial briefing and end of the year review with stakeholders held in Uyo.

 Reflecting on his achievement, GOVERNOR ENO explained that his administration has created value for the citizens.

Governor ENO hinted that the purpose of the briefing is to make amends on what has been done since he came into office, and called on stakeholders to share ideas on moving the administration forward.

Addressing the issues of not releasing funds for projects, the governor vowed never to flaunt Akwa Ibom resources on favoritisms, saying he is only ready to disburse funds that will be effective in developing the state.

The highpoint of the event were briefing from the Chairman of Ibom Deep Seaport, Dr MFON USORO, commissioner for works and fire service, Prof. ENO IBANGA, commissioner for Economic Development, EMEM BOB and commissioner for Lands and Town Planning, Retired Captain INIOBONG EKONG.

The ministerial briefing and end of the year review will end on Wednesday.

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