By Isaiah Eka The Akwa Ibom Government says it has cleared all inherited bank debts totalling N39.83 billion including the principal and interest. The Commissioner for Finance, Mr Emem Bob, disclosed this at the state government’s monthly news briefing in Uyo on Monday. Bob further said that as at Dec.Continue Reading
By Isaiah Eka
The Akwa Ibom Government says it has cleared all inherited bank debts totalling N39.83 billion including the principal and interest.
The Commissioner for Finance, Mr Emem Bob, disclosed this at the state government’s monthly news briefing in Uyo on Monday.
Bob further said that as at Dec. 2025, the Gov. Umo Eno-led government had reduced inherited gratuity backlog to retirees from N110 billion to N80 billion.
He said that as at June 2025, the state’s investment portfolio had grown from N6 billion to N10 billion with recorded returns of N260.65 million.
The commissioner said that the government had continued to ensure prompt payment of salaries and pensions across all ministries, departments and agencies.
Bob stated that fiscal reforms had been extended to debt management, procurement, and verification exercises.
He said that staff and pensioners verification exercises eliminated no fewer than 3,000 ghost workers and created opportunities for new employments.
“Public procurement processes are now audited and aligned with accepted standards, while capacity-building programmes have been conducted for staff to ensure sustainable procurement.
“Full implementation of the Treasury Single Account (TSA) has ensured that all internally generated revenue from MDAs flows through the AkwaRemit Platform into the state TSA.
“This is to provide a reliable base for funding government programmes, including the ARISE Agenda,” Bob said.
He said that N321.8 million had been disbursed as staff housing loans to 212 civil servants within the period.
The commissioner said that repayment of Afrexim credit to Ibom Power had continued on a quarterly basis.
According to him, adherence to budget discipline has improved performance, with over 85 per cent of the budget implemented in line with plans.
He said that contractors for both inherited and ongoing projects were being paid promptly.
“The financial management landscape of the state has been repositioned to continue the sourcing, custody, and funding of programmes and other activities,” he said.
The Commissioner for Information, Dr Aniekan Umanah, said that the free food distribution programme of the state government had reached 500,000 vulnerable households within the period.
Umanah said that the free food distribution to households would resume from April to strengthen food security and reinforce the administration’s commitment to social protection.
He said that within the period, more than 1,200 kilometres of roads had been constructed and 32 bridges, either delivered or ongoing.
The commissioner said that institutional and financial governance in the state had been strengthened, through the approval and implementation of the TSA. (NAN)(www.nannews.ng)
Edited by Azubuike Okeh
