Akwa Ibom State Governor, Pastor Umo Eno, has disclosed that the state now generates between N8 billion and N10 billion monthly through the Treasury Single Account, TSA, policy, stating that the development clearly shows that significant revenue leakages existed in the system before his administration introduced the reform.

Governor Eno made the disclosure on Friday during the inauguration of the Akwa Ibom State All Progressives Congress, APC, Campaign Council and the unveiling of the governorship manifesto for the 2027 general elections, an event that took place in Uyo, the state capital, with party leaders, stakeholders and supporters in attendance.

According to the governor, since his administration introduced and fully implemented the Treasury Single Account policy, there has not been a single month in which the state recorded less than N8 billion to N10 billion in Internally Generated Revenue, IGR, a feat he described as unprecedented in the recent fiscal history of Akwa Ibom State.

Eno said the consistent monthly revenue performance within the N8 billion to N10 billion range is a direct result of deliberate fiscal reforms, enhanced transparency, improved accountability and the blocking of loopholes that previously allowed revenue leakages, diversion and poor remittance by Ministries, Departments and Agencies, MDAs.

He said, “Since we introduced the Treasury Single Account, TSA, there has not been a month in which we recorded less than N8 billion to N10 billion. This suggests that there were revenue leakages before its introduction,” stressing that the policy has restored discipline and sanity to the state’s financial management system.

The governor explained that the TSA policy, which was introduced on January 1, 2026, makes it mandatory for all MDAs to remit all government revenues into a single, centralised and consolidated account, thereby ensuring that every kobo due to the state is captured, accounted for and utilized for the benefit of the people of Akwa Ibom State.

He noted that before the introduction of the TSA, Akwa Ibom’s IGR hovered around N2 billion to N3 billion monthly, with poor remittance, fragmented accounts and weak monitoring mechanisms that allowed leakages and under-reporting of actual revenue collected from various sources across the state.

Governor Eno said within the first three months of implementing the TSA, the state’s IGR rose dramatically from N7.5 billion in the first month to N10.2 billion in the second month and N12 billion in the third month, confirming that the policy was working effectively and delivering tangible results in revenue generation.

The consistent performance of between N8 billion and N10 billion monthly, according to him, has provided the state government with more financial stability, capacity and resources to fund critical infrastructure projects, pay salaries, pensions and gratuities as and when due, and implement people-oriented programmes under the ARISE Agenda.

Speaking at the well-attended APC event in Uyo, Governor Eno, who recently defected to the All Progressives Congress alongside his supporters, said his administration’s financial reforms are part of a broader strategy to make Akwa Ibom financially self-reliant, less dependent on Federation Account Allocation Committee, FAAC, disbursements, and more resilient to external shocks.

He warned that any government official or head of MDA found violating the TSA policy or engaging in acts capable of sabotaging the revenue drive of the state would face stiff sanctions, as his administration would not tolerate any form of economic sabotage, indiscipline or financial misconduct.

The governor noted that Akwa Ibom’s IGR trajectory over the last two decades has shown remarkable growth, from about N1.86 billion in 2000 during the administration of Obong Victor Attah to over N80.7 billion annually as at September 2025, representing a monthly average of about N6.7 billion to N7 billion, which has now been surpassed under the TSA.

According to analysts, the rise from roughly N35.5 billion in 2019, which was about N3 billion monthly, to over N80 billion in 2025, represents a major fiscal transformation of about 127 per cent increase over six years, driven by tax reforms, expansion of the tax net and the impactful policies of Governor Umo Eno’s administration.

Eno said his administration has not only focused on revenue generation but also on prudent utilization of resources, disclosing that over N740 billion has been spent on road projects covering more than 1,348 kilometres of roads and over 40 bridges across the three senatorial districts of the state in the last three years.

He said the improved revenue has also enabled the government to invest heavily in other critical sectors such as education, healthcare, agriculture, aviation, tourism, rural development and human capital development, in line with the ARISE Agenda which is the blueprint of his administration.

At the APC Campaign Council inauguration, which took place at the Victor Attah International Airport Road axis in Uyo, the governor unveiled his manifesto for a second term, promising to consolidate on the gains of the last three years and to take Akwa Ibom to greater heights through industrialization, job creation and inclusive governance.

The event, which attracted top APC leaders from within and outside Akwa Ibom State, including members of the National Working Committee, NWC, federal lawmakers, former governors, captains of industry and thousands of party faithful, was described by observers as a show of strength and unity by the APC in the state ahead of the 2027 elections.

Party leaders who spoke at the event commended Governor Umo Eno for his financial ingenuity, transparency and leadership style, noting that the TSA policy is a model that other states in the Niger Delta and across Nigeria should emulate if they want to boost their internally generated revenue and block leakages.

They also praised the governor for ensuring that Akwa Ibom has become one of the few states in the country that can pay workers’ salaries without waiting for FAAC allocation, attributing the feat to improved IGR, prudent financial management and the political will to implement difficult but necessary reforms.

Economic experts in Uyo who reacted to the governor’s disclosure said the N8 billion to N10 billion monthly IGR through TSA is a welcome development and a sign of fiscal responsibility, but called on the state government to publish detailed breakdowns of revenue sources, collection methods and expenditure to further enhance transparency.

They noted that with improved revenue, expectations from the people of Akwa Ibom are also high, especially in the areas of youth empowerment, small and medium enterprises support, reduction of unemployment, completion of ongoing projects and provision of social amenities in rural communities across the 31 local government areas.

Meanwhile, the Akwa Ibom State Internal Revenue Service, led by its Chairman, Sir Okon Okon, has been commended for its role in implementing the TSA policy and driving the revenue reforms, with reports indicating that the agency has intensified tax education, enforcement and automation to ensure compliance by all revenue-generating MDAs.

Governor Eno reiterated his administration’s commitment to maintaining the TSA policy, strengthening financial controls, expanding the tax base without imposing undue burden on the poor, and ensuring that every revenue collected is channeled into projects and programmes that have direct bearing on the lives of Akwa Ibom people.

He also urged the people of Akwa Ibom to continue to support his administration and the APC, promising that his second term, if elected in 2027, will focus on consolidating fiscal reforms, completing all ongoing projects, attracting more investments into the state and making Akwa Ibom a model state in terms of economic management and good governance.

As at the time of filing this report, the inauguration of the APC Campaign Council and unveiling of the manifesto had ended peacefully, with party supporters dancing, jubilating and chanting solidarity songs for Governor Umo Eno, whom they described as a prudent manager of resources and the best man to lead Akwa Ibom State beyond 2027.