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Gov Ayade presents N330billion 2023 budget estimate of ‘Quantum infinitum’ to CRHA

…Describes it as Citizens Budget 

By Jimmy Jackson 

The Cross River State Government plans to spend a total of N330 billion for the 2023 fiscal year, Governor Ben Ayade has declared.

The Governor, who stated this while presenting the 2023 financial estimates to the legislature in Calabar on Thursday said, the 2023 Budget is for Agro-industrialization and finalization of unfinished projects in the State.

The appropriation bill,  which is the last of such official assignment for the governor will do as he is due to serve out his  second term as Governor of the state in May 29, 2023. 

Governor Ayade who described the budget as a citizen’s budget said “with the wars in Ukraine and increasing unstable global economic crisis there was need to creat an alternative economy to take the state away from the traditional overdependence on federal allocation” 

“As we go through the eclipse trend of our administration, we sit back to ask ourselves have we really met the new of a new Cross River to build a great economy for our people? My answer is yes. We may not have completed the building, but we have been able to get to the roofing level”

A Total projected Recurrent expenditure for 2023 is estimated at N130 billion which is 39% of the budget will cover for payment of salaries, gratuity and pensions in the state.

N200 billion for Capital expenditure which gulp 61% will focus on outstanding project in the state.

Present at the presentation were the deputy governor, members of the state Executive Councils amongst others 

Jimmy Jackson

Managing Editor with The Parchment, Social Political and Sport Presenter/Analysts

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