Governor Umo Eno’s administration in Akwa Ibom State has received at least N2.934 trillion in public revenue within its first 38 months in office. However, key government financial documents do not disclose how these funds were spent on capital projects and programmes, an analysis by PREMIUM TIMES has found.
A review of Akwa Ibom State’s audited financial statements, budget performance reports and revenue records shows that while the state continues to publish information on revenue and recurrent expenditure, detailed capital expenditure schedules have disappeared from its public financial records.
This omission makes it difficult for citizens, researchers, civil society organisations, and the media to independently verify government claims on infrastructure delivery and assess how public funds have been utilised.
The total revenue figure covers the period from May 2023, when Mr Eno assumed office, to June 2026.
An analysis of the state’s Second Quarter 2026 budget performance report shows that between January and June this year, Akwa Ibom generated N394.83 billion in revenue. This excludes the N234.25 billion opening balance from the 2025 fiscal year.
