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The Akwa Ibom State Commissioner for Economic Development and Ibom Deep Seaport, Mr. Akan Okon, has set a new budget process in motion as he inaugurates the 2020 Capital Estimates and the 2020-2022 Medium Term Framework (MTEF) bilateral discussions committee.
Performing the inauguration at the conference room of the Ministry of Economic Development and Ibom Deep Seaport, Mr. Akan Okon said the global trend in budgeting is based on the needs of the citizens.
Mr. Okon made reference to what is obtainable in the corporate world, where companies do not just through a new product to the market, but engage their research and development departments to find out what the needs of their targeted customers are, before embarking on such production and stressed the need for stakeholders and the beneficiaries of the budget outcome to be carried along in every step of the process.
The Economic Development boss thanked His Excellency,
