Estimated Reading Time: 2
The Cross River State government on Thursday presented its 2021 budget estimate of N277.7 billion to the State House of Assembly for consideration and approval
The State governor, Prof. Ben Ayade alongside his deputy, Professor Ivara Ejemot Esu and members of his executive council presented the estimates at the floor of the assembly.
The 2021 budget which was named “Blush and Bliss”, will see the state spend 277, 708, 783, 550 naira ( two hundred and seventy-seven billion, seven hundred and eight million, seven hundred and eighty-three thousand, five hundred and fifty naira only).
The governor said this year’s budget is unusual because government will shift from infrastructure to the people. He disclosed that unlike previous years, this year’s budget is different because it’s cumulative income does not fall within the trillions they have done in the past and that humanitarian perspective will be the focus of the budget.
His words: “Having looked at it from the fiscal strategic paper which is an elucidation of the prospective cumulative income of the state, it is obvious that the income does not fall within the trillions we have done in the past.
“Of the budget estimates, the sum of 192 billion represents the recurrent expenditure which is 69% of the budget. “Inside this 69%, 70% is warehoused for youth development, job creation, massive opportunity to lift people from poverty, humanitarian services, conditional cash transfer, everything that has to do with values of humankind.
“31% which amounts to 85, 196, 800, 000 is set aside that has to do with infrastructure”, Ayade said.
He said the core focus of the budget is humanitarian services which justified the theme of the budget. He said the government will move from its big dreams and projects to focus on feeding people and putting food on the table.
“The budget is blush because it is a thing of shame from where we are coming from, because we are falling away from our big dreams, from our kinetic aspirations, olimpotic agenda and reducing ourselves to a sudden consumptive, primitive effort just to reflect on the mood of the time.
“But it is a source of Bliss because young people will now have opportunity to be employed and be happy that government has shifted from big dreams to the primary effort of feeding the people”, the governor said.
On security, he said the government will set up neighborhood Security Watch which will create jobs and security for the people of the state. He said a normative framework that guarantees a fixed amount monthly for security agencies will be created next year to enhance the security level of the state.
kindly donate to the work we do using our interim PAYPAL https://www.paypal.me/NewsWireNGR
- Femi Adesina says Nigerians who fail to pray are guilty of prolonging the war against insecurity
- COVID-19: UK to close all travel corridors
- NAFDAC warns against the circulation of fake coronavirus vaccines
- The Kwara women who built community school with their personal funds have been refunded
- NIMC lists 50 NIN enrolment centres in Lagos, Abuja
- CAC declares companies inactive for failing to file annual returns
- Buhari should change service chiefs and consider new strategies to tackle insecurity – Wike
- Nigeria’s inflation rises to 15.75%, highest since 2017
- Lagos State Government to close Apapa Dock for railway project
- Kaduna State government rescues 160 Almajiri children