RismadarVoice Reporters
November 10, 2026
The Akwa Ibom State Government says it has reduced inherited gratuity arrears from ₦111 billion to ₦11 billion and fully settled ₦39.8 billion in commercial-bank debts inherited by Governor Umo Eno’s administration.
The Commissioner for Finance, Emem Almond Bob, disclosed this on Tuesday during a press briefing at Government House, Uyo, where he presented an update on the administration’s financial management reforms.
According to Bob, the government has paid approximately ₦100 billion in outstanding gratuities owed to retired public servants, with plans to clear the remaining liabilities.
The commissioner also highlighted the settlement of ₦39.831 billion in inherited commercial-bank obligations, comprising principal and interest, which the government had completed in November 2025.
He explained that the administration had strengthened revenue management through the full implementation of the Treasury Single Account for internally generated revenue from January 1, 2026.
The reform, supported by the AkwaRemit electronic collection platform, is intended to improve revenue monitoring, reduce leakages and enhance accountability.
On workers’ welfare, Bob disclosed that ₦386.6 million had been disbursed as housing loans to 429 civil servants, while an additional ₦101.448 million was earmarked for 63 qualified beneficiaries.
He added that the government had maintained regular salary and pension payments, with the 2026 leave grant commencing alongside September salaries.
The commissioner further revealed that an inherited US$7.8 million Afreximbank credit facility linked to Ibom Power Company had been reduced to US$3.005 million as of September 2026.
On investments, he said the state’s portfolio under the Ministry of Finance Incorporated increased from ₦6 billion to ₦11.193 billion, generating approximately ₦470.258 million in returns.
He also disclosed an additional ₦150 million investment in Dangote Refinery shares through a private offer.
Bob announced that Akwa Ibom had secured US$9.785 million in performance-based funding under the World Bank-supported State Action on Business Enabling Reforms programme.
He said amendments to the state’s procurement and fiscal responsibility laws were intended to strengthen financial oversight and institutional accountability.
The commissioner also cited the publication of audited financial statements, debt profiles and other fiscal reports as part of efforts to improve transparency.
He reaffirmed the government’s commitment to prudent resource management and ensuring that public expenditure delivers measurable benefits to residents.
