Politics
Ayade Presents N1.1trn Budget For 2020
Governor Ben Ayade of Cross River State yesterday presented a budget of N1.1trillion for 2020 to the State House of Assembly.
The budget, tagged “Budget of Olimpotic Meristemasis”, has a capital expenditure of N911 billion representing 82.8 per cent and a recurrent expenditure of N188 billion, representing 17.2 per cent.
While explaining that meristemasis is the active cell that stimulates growth in a young plant, which in this case represented the state, he pointed out that, “the budget will catalyse into existence a great opportunity for the state to put all hands and legs on the pedal.”
He said the decision to set aside 82.8 per cent of the budget for capital expenditure, was indicative of government commitment that will continue to reduce recurrent expenditure and focus on capital expenditure.
On the sectoral breakdown, Ayade disclosed that the health sector has an allocation of N44 billion, education N38 billion, New City Development N35 billion while agriculture was allocated N22 billion and social housing N12 billion, among others.
The governor announced that his administration would sustain its current tax policy with adjustment.
“All low income people like civil servants earning below N100,000 will be exempted from tax.
“Small scale businesses like barbing saloon, hair dressing and others are hereby exempted from taxation,” he said.
He also abolished daily levy of between N500 and N1000 by taxis in the state, noting that they will now pay N2000 only every month.
“We must come to the understanding that indeed any state whose budget is driven by envelope size is limited in vision.
“There are two ways in business and public sector management that you place your budget. It is either that your budget comes as an expression of your envelope size or as an expression of your ambition.
“The prosperity agenda set for this state does not allow me the opportunity of an envelope budgeting,” he said.
Politics
LP Crisis: Ex-NWC Member Dumps Dumps Abure Faction
Mr Ojukwu, who recently returned to the interim National Working Committee led by Senator Esther Nenadi Usman, noted that the party had 34 elected members in the House of Representatives, eight Senators, and 80 members at the state Houses of Assembly after the 2023 general elections.
“Now we lost all of them,” he said. “I don’t think we have as many as five members in the National Assembly.”
The former national officer of the LP talked to journalists in Abuja and said he chose to join the caretaker committee led by Senator Nenadi-Usman because they are now the officially recognized leaders of the Party.
“I chose to work with the caretaker committee to help save the Labour Party, for the benefit of the party. I also want to use this chance to ask my colleagues at the national, state, and local government levels to come together and help rebuild our party.
“Another election is around the corner. We lost everything we have. They have left to other political parties. So I’ll reach out to all my friends in the other group to get together and work on making this party stronger again.
“The caretaker committee has formed a reconciliation committee. Let’s come together and talk so that we can restore the first opposition political party in Nigeria.”
Mr Ojukwu, who was part of the Julius Abure’s group, said there are no more factions in the LP.
He added, “There is a court ruling, and since it is valid, the right people are in the correct positions.”
He urged Barr Abure and others to drop the legal cases they have filed because they are not helping the party.
“Litigations are killing political parties”, he said. “They’ve seen many political parties disappear because of legal battles, and the Labor Party is losing support every day, which makes me feel sad.”
Mr Ojukwu said he did not think joining the Senator Nenadi-Usman’s NWC was a betrayal of the Abure group, describing himself as “the oxygen” of that faction.
“I’m with this group because of the verdict. But I never betrayed anybody. Rather, I was betrayed,” he added.
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