Niger Delta
Ayade Presents N301bn Budget To Assembly
The Cross River State
Governor, Professor Ben Ayade, has presented the 2017 Appropriation Bill of N301 billion to the State House of Assembly for consideration and approval.
Christened, “Budget of Infinite Transposition”, the budget, according to the governor, seeks to achieve three cardinal objectives of “improving and expanding infrastructure through Public Private Partnership, planting the ‘tree’ of the state future revenue generation and gradual industrialization of the state.”
A breakdown of the budget shows that N81,142,339,895.32 is allocated for recurrent expenditure while N220,060,873,053.48 is allocated for capital expenditure.
The reecurrent expenditure therefore, represents 24.8 per cent of the budget while the capital expenditure represents 75.2 per cent of the budget estimate.
The governor informed the assembly that it was the desire of his administration in 2017 “to focus on the superhighway because it is the main energy that will open up the vista of opportunities for prosperity. Indeed, it is the secret game changer and our deep seaport has gotten to advanced stage in terms of approval.”
Ayade, who described the size of the appropriation bill as ambitious, said he was optimistic that it can be achieved because “when there is cash deficiency, the intellect takes over.” .
He said the state intended to fund the budget from Internally Generated Revenue (IGR), Statutory allocation, Capital Receipts and Projected Investor Revenue from Direct Foreign Investments.
Friday Nwagbara, Calabar
Niger Delta
Otu Recommits To Support For Navy
Niger Delta
Community Praises Diri, Ogbuku On Projects Execution … Prioritises Security, Dev
Niger Delta
Delta Shocked Over Death Of Chief Protocol Officer
-
News1 day agoNigeria Recorded Two World’s Deadliest Terror Attacks In 2025 –Report
-
Politics1 day agoEid-el-fitr: INEC Urges Staff Discipline Ahead Ekiti, Osun Guber Polls
-
Editorial1 day agoThumbs Up For Sit-At-Home Reversal
-
News1 day agoPerm. Sec Pats Rivers NUJ On The Back
-
News1 day agoExplosions Rock Lagos, C’River, Kill One, Injure 40
-
News1 day agoFubara Hails Umah Ukpai’s Contributions To Global Christian Evangelism
-
Education1 day agoOpobo Kingdom moves to incorporate Ibani Language Into School Curriculum, Takes Off April
-
News1 day ago
Etche Monarch Alleges Death Threats, Assault
