The Governor of Akwa Ibom State, Mr. Udom Emmanuel, has presented a budget estimate of N697.005 billion for FY2023.

The budget, referred to as the “Budget of Completion”, has capital expenditures of N353 billion and N344.005 billion for recurring expenditures, for a total of N697.005 billion compared to last year’s revised provisions of N631.881 billion.

Presenting the budget to the House of Assembly, Uyo, Governor Emmanuel stated that the budget was based on an oil benchmark…