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
MNCH Week Begins Today … As Consultant Urges Parents To Vaccinate Children, Others


Niger Delta
Eno Promises To Actualise Ibom Deep Seaport Project
Niger Delta
Group Bothers Over Oil Pollution-Related Health Hazards In Bayelsa
-
Rivers2 days agoPolice arrest 3 suspects over killing of driver in Rivers
-
Politics2 days ago
I DIDN’T PROMISE YOU TICKETS, AKPABIO TELLS APC SENATORS WHO FAILED PRIMARIES
-
News2 days agoFUBARA ASSURES NUT OF SECURITY OF SCHOOLS IN RIVERS
-
News2 days agoNDLEA Arrests Four Notorious Female Drug Dealers In Four States
-
Politics2 days ago
POST PRIMARIES: IKWERRE MONARCHS ADVOCATE ISSUES-BASED POLITICS IN RIVERS
-
Sports2 days agoOkpekpe Road Race Gets Mobility Solutions, Fan Engagement
-
Politics2 days ago
Court Dismisses Rivers PDP Members’ Suit Over LG Election Candidates
-
News2 days agoWORLD FOOD SAFETY DAY: VETERINARIANS TASK GOVT ON MODERN ABATTOIR IN RIVERS
