Gov ayade presents n1 1 trillion budget for 2020
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Governor Ayade Presents N1.1 Trillion Budget for 2020
Cross River State Governor, Professor Ben Ayade, has presented a budget of N1.1 trillion to the State House of Assembly for the 2020 fiscal year. The budget, which is titled "Budget of Transition and Consolidation", is aimed at consolidating the gains of the previous years and laying the foundation for sustainable development in the state.
The budget breakdown shows that:
- Capital Expenditure: N543.8 billion (49.3% of the total budget)
- Recurrent Expenditure: N556.2 billion (50.7% of the total budget)
The governor explained that the budget is designed to address the state's infrastructure deficit, improve healthcare services, and enhance education. He also emphasized the need to diversify the state's economy and promote industrialization.
Some of the key projects and initiatives included in the budget are:
- Construction of the Calabar Deep Seaport
- Completion of the 26km Super Highway
- Establishment of a state-of-the-art cancer treatment center
- Upgrade of the state's healthcare infrastructure
- Expansion of the state's education sector
The governor expressed optimism that the budget would be passed by the State House of Assembly and implemented effectively to achieve the desired outcomes.
What do you think about the budget? Do you have any questions or concerns?