The Akwa Ibom State government will take advantage of the 90 billion Naira budget support loan by the federal government to support the implementation of its development programmes.
Akwa Ibom State Commissioner for Finance, Mr Akan Okon, gave this indication on Saturday while speaking to journalists in Uyo, the state capital.
The Commissioner lauded the federal government for the offer which he described as a good policy that will help states to deal with financial issues arising from the global economic downturn caused by the fall in oil prices.
Mr Okon said that the state government has taken concrete steps to improve the state’s Internally Generated Revenue (IGR)
He said that the Udom Emmanuel administration has initiated numerous projects and will certainly need the loan to ensure effective funding. – Channels.
