Gov. Umo Eno.
By Anietie Akpan
In order to reposition the State for better service delivering, the State Government has reset the financial management landscape of the State grown growing its portfolio investment from N6.0b to N10.0b.
The State’s Commissioner of Finance, Mr. Emem Almond Bob said this on Monday, March 2, during a media briefing of the state government in Uyo highlighting the administration’s accomplishments in resetting the “Financial Management Landscape Of the State”
The Commissioner said that “within a short time, surpass returns on investment for the State Govternment to the tune of N260.646 million as at June,2025 and grown portfolio from N6.0b to N10.0b”.
Highlighting other accomplishments, Bob stated that the state government has “ensured the complete clearance of all inherited Commercial Bank debts with N39.831billion (principal/interests inclusive).
“Deliberately reduced the gratuity backlog of retired state staff to the tune of N6.795 bilion as at December, 2025 out of N110.0billion inherited”.
“Prepared, presented and published the State’s Financial Statements annually to comply with the internationally accepted best practice in fiscal transparency”.
He further stated that the state government “ensures prompt payment of monthly salaries and pensions. Conducted annual the Public Financial Management (PFM) Assessments in the State of which findings informed staff and pensioners verification exercise and implementation TSA in the State.
“Carried out Public Procurement Process Auditing across MDAs to align with accepted best practice and ensure value for money spent on procurement of goods, services and works.
“Organized capacity building for Sustainable Procurement Process in the State to equip staff across MDAs on accepted procurement procedures.
“Prepared and published annual Debt Sustainability Analysis (DSA) and Quarterly Debt Profiles which usually qualify the State in Donor partnership Eligibility Criteria.
“Conducted staff and pensioners verification exercise which has served government from more than 3,000 ghost workers and created opportunity for new employment which is on-going.
“Secured the State Action for Business Enabling Reform (SABER) drawdown to the tune of US$ 3.585 Million for Ease of Doing Business”.
He said the government has worked hard to secure a NEWMAP drawdown of 500,000 Euro for intervention in specific erosion sites and flood prone areas in the State.
Disbursed N321.8 million as Staff Housing Loan to 212 Civil Servant beneficiaries.
Carried out the repayment of the outstanding Afrexim Credit to Ibom Power to a tune of US$3,174,539,000 out of US$7,805,906.21owed as the repayment is on going on quarterly bases.
Providing good financial base/support for Ibom Air operations. Ensuring fiscal discipline in budget implementation with only programmes budgeted for that are being executed resulting in over 85% budget performance.
Improved Citizens/Stakeholders engagement in budget process resulting in 2025 and 2026 state budgets being dominated by citizens nominated projects. Prompt payments of contractors for both inherited and on-going contracts. Prudent management of financial resources with substantive opening balance at the beginning of a new financial year.
Full implementation Treasury Single Account (TSA) in the State, where all Internaly Generated Revenue (IGR) from each MDA/ Institution sources are being paid through AkwaRemit Platform to the State TSA. AkwaRemit serves as a funnel that channels the paid revenue to the TSA of the State.
Bob maintained that, “the financial management landscape of the State have been repositioned to continue in sourcing, custody and funding the ARISE Agena programmes of this Administration and other activities”.
