Governor Ben Ayade of Cross River State has proposed a Budget of N301bn for the year 2017, christened budget of “Infinite Transposition” to the Cross River State House of Assembly.
The Budget which has as it capital projection the sum of 226,283,103,979.50 representing 75.2% while the recurrent stood at 74, 720,108,768,968.34 representing 24.8%.
The expenditure outlay projection for the year, 2017 is put at 56,782,334,105.86 for personnel cost covering Civil Servants, Permanent Secretaries and all Political Appointees of government.
Ayade also explained that the 2017 internally generated Revenue Projection is 81,142,339,835.32 and statutory allocation from Federal is projected at 44,676,220,113.34.
The International Donor Support Agencies is put at 76,070,524,,023.85 while on the economic recovery intervention from Federal Government, Governor Ayade said is projected at 38,479,892,065.29. Projected investor funds, 63,839,286,850.70, giving a gross budget estimate of 301,202,212,947.84 for 2017 fiscal year.
The Governor commended the synergism that has existed between the executive and legislature says the budget is a government philosophy that must be driven into 2017 and that any sensitive government should focus more on the architecture for the future, a government should focus more on the people than infrastructure.
Ayade government must create jobs to put food on people’s table, which informed the massive job creation and the political appointments. The Governor assured Crossiverians that their support will not be in vain.
The super highway is the main energy that will open a vista of great opportunity and prosperity for the state which will take Cross River from third world to first world “it is indeed the secret game changer” 260kmn road which is too ambitious for a state.
Deep sea-port is our winner any day; the country requires a second gateway into this country, so it’s impossible for this country with the provision of alternative gateway.
Monorail i met at completion state and i have taken it to full conclusion, the state has therefore demonstrated full capacity of continuity, Ayade added. Started by Donald Duke accelerated and Progress by Sen. Liyel Imoke and completed by Sen. Prof. Ben Ayade and the international conference centre have been completed by the Ayade’s administration will host the first Miss Africa on the 26th of November, 2016.
For 2017, the governor said the state will have a gas station, a petroleum price regulatory body and the three power plants in three senatorial district in the state. Ayade however assured Crossiverians that Calabar will have 24hours electricity during the Carnival Calabar 2017.