Ayade Presents N1.3trn Budget, Biggest In Nigeria’s History

Imani Odey  
Updated November 30, 2017
Ayade Presents N1.3trn Budget, Biggest In Nigeria’s History
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Cross River State Governor, Professor Ben Ayade, has presented the 2018 Appropriation Bill of N1.3trillion to the State House of Assembly.

The budget is the largest a state has ever presented in Nigeria’s history, although Lagos State presented N812billion budget for 2017.

According to Governor Ayade, the proposal christened “Budget of Kinetic Crystallisation,” is tailored to fit the dreams and aspirations of the people of the state.

Presenting the bill on Thursday at the Cross River State House of Assembly, he informed the lawmakers that the choice of a deficit budget rather than an envelope one was to allow for flexibility.

He said this comes as the state government moves to actualise most of the deep visionary projects of his administration such as the Bakassi Deep Seaport and the 274km superhighway among others.

Ayade said other innovations in the 2018 Appropriation Bill included the provision for the establishment of a job creation centre, school feeding programme, as well as a food bank to cater for the poor, aged and the vulnerable in the state.

“As I come before you to present the 2018 budget, you must think deep because if I did not have that vision to think deep, we will still be dealing with issues of security, refuse, salaries and pensions; indeed we will be dealing with the very essence of survival.

“One of our biggest ambitions is to develop a deep seaport with an evacuation corridor. We have made an ample provision of about N82billion to deal with the issues of dredging, preliminary reclamation and preconstruction in 2018,” he said.

The governor further informed the House that such provisions would send a positive message to investors who are aware that by the budgetary provisions, “they can warehouse their investments because sometimes people give funding either by way of capital or by direct project implementation.”

In his response, Speaker of the Cross River State House of Assembly, Honourable John Lebo, assured the governor of the support of the House towards the realisation of the goals and aspirations of government’s vision for the state.