Akwa Ibom govt to begin social investment, proposes N697 billion for 2023 budget

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The 2023 budget, which is the last to be presented by Mr Emmanuel as governor of the state, is N 697.005 billion in size, and it is christened “budget of completion”.

, on Monday, unveiled a social investment plan to be implemented in the state for over the next 12 months, despite having seven months left in office.

Under the scheme, according to Mr Emmanuel, 1, 950 beneficiaries would receive N10, 000 for twelve months Social Transfer Scheme, while 1,500 indigenes would be engaged to some jobs for N10, 000 monthly stipend, with no time bound given. “Small and Medium Enterprises Scheme – about 14,000 SMEs in the State will be captured for a grant of ₦100,000 – ₦150,000 to incentivize employment retention following several bouts of economy lockdowns that affected Small and Medium Scale businesses in the State,” Governor Emmanuel said.The 2023 budget, which is the last to be presented by Mr Emmanuel as governor of the state, is N 697.005 billion. Mr Emmanuel christened it the “budget of completion”.

 

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