Akwa Ibom slashes 2026 budget 24%, proposes N1.2trn for 2027

Akwa Ibom State government approved a 2026 supplementary budget of N1.100 trillion, a 30.5% cut from the original N1.584 trillion, and proposed a N1.2 trillion budget for 2027. The fiscal retrenchment signals tightening state finances, likely due to revenue shortfalls or reallocation priorities. This is a routine subnational fiscal adjustment with limited market impact.

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