Ayade signs Cross River’s N1.1tn 2020 bud­get

The Punch - - POLITICS TODAY - Ada Wodu, Cal­abar

The Gov­er­nor of Cross River State, Prof. Ben Ayade, has signed the state’s 2020 Ap­pro­pri­a­tion Bill into law.

While sign­ing the doc­u­ment on Tues­day, the gov­er­nor lauded the state house of Assem­bly for meet­ing the dead­line of pass­ing the bill be­fore the De­cem­ber 31, 2019.

The bud­get is chris­tened ‘Bud­get of Olimpotic Meris­temasis’.

He said the fis­cal doc­u­ment was geared to­wards bring­ing to fruition, the sig­na­ture projects of the ad­min­is­tra­tion, in­clud­ing the 270-kilo­me­tre su­per­high­way con­nect­ing Cross River with north­ern Nige­ria.

he said 82 per cent of the bud­get was for cap­i­tal ex­pen­di­ture while 18 per­cent was for re­cur­rent ex­pen­di­ture.

The gov­er­nor said, “Cross River is the first state in the his­tory of Nige­ria to present a bud­get of over a tril­lion naira.

“The first time in the his­tory of Nige­ria that a state, a sub­na­tional has pre­sented a bud­get in the neigh­bour­hood of over a tril­lion naira.

“There are two types of bud­get­ing. Ei­ther you do deficit bud­get­ing or you do en­ve­lope bud­get­ing.

“in en­ve­lope bud­get­ing, if you look at your medium term ex­pen­di­ture frame­work, you bud­get ac­cord­ing to your ex­pec­ta­tion which is an agenda in­formed by how much you in­tend to achieve.

“No­body has asked how Cross River which gets the low­est al­lo­ca­tion in the coun­try and ser­vices debt in the neigh­bour­hood of N1.8bn man­ages to pay teach­ers, civil ser­vants and pen­sion­ers.”

Ayade added that Cross River was able to achieve its ob­jec­tives “be­cause the de­fi­ciency is com­pro­mised with in­tel­lec­tual money.”

he said, “At any point in time a man’s abil­ity is lim­ited by his fi­nan­cial mus­cle his brain has failed.

“For us in Cross River State, with gov­er­nor and his deputy as pro­fes­sors, it will be a thing of shame for us to bud­get based on our en­ve­lope size.”

he listed the num­ber of in­dus­tries he had es­tab­lished since as­sump­tion of of­fice in 2015, and as­sured the peo­ple that the 2020 bud­get would cre­ate jobs for Cross Rive­ri­ans.

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