Why we couldn’t complete most projects — Akpabio

on   /   in News 8:43 pm   /   Comments

Governor Godswill Akpabio of Akwa Ibom State, has attributed the inability of his administration to execute most development projects in the state to a loss of about 44 per cent revenue collection from Federation Account last year.

Akpabio at Ikot Abasi Local Government Area of the state during a town hall meeting/constituency briefing in Ikot Abasi federal constituency, admitted to have collected about 36 per cent revenue in 2013 from the Federation Account.

He described the revenue shortfall as a national problem caused by crude oil theft and bunkering, which adversely affected revenue accruable to the Federation Account and usually shared among the three tiers of government on a monthly basis.

The governor lamented that the revenue shortfall had stifled redemption of some of his electioneering promises to people in the federal constituency and execution of projects, especially roads listed in the 2013 approved budget, assuring to include some projects he could not execute in the handing-over note to the incoming administration.

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