Ben Ayade
Cross River State Governor, Ben Ayade yesterday presented a N1.3 trillion budget for the 2018 fiscal year to the state House of Assembly.
Twice the governor had tried to present the budget but could not due to disagreement between him and the lawmakers over unpaid allowances amounting to N600m.
But The Guardian gathered that N10m was allegedly paid to each member before the presentation yesterday.Details of the Budget of Kinetic Crystallisation, shows that 70 per cent is allocated for capital expenditure while 30 per cent goes for recurrent expenditure.
The size of the budget, Ayade said, was meant to create room for the warehousing of expected investors’ fund now that the actual construction of key projects of the administration such as the Bakassi Deep Seaport and the 274km superhighway has commenced.
“It is a budget that crystallises the depth of our vision into action in 2018. It is meant to draw the perspective of a humongous, large, ambitious budget.
Ayade presents N1.3 trillion, Ganduje proposes N234 billion budget for 2018
