Ayade presents N276bn budget of ‘Conjugated Agglutination’

Governor of Cross River State, Ben Ayade, has presented the 2022 Budget estimated at N276 billion to the state House of Assembly. The budget is tagged, “budget of Conjugated Agglutination”. The sum of N106 billion is reserved for recurrent expenditure while N170 billion will go for capital projects. Ayade said his government will not embark […]

Governor of Cross River State, Ben Ayade, has presented the 2022 Budget estimated at N276 billion to the state House of Assembly.

The budget is tagged, “budget of Conjugated Agglutination”.

The sum of N106 billion is reserved for recurrent expenditure while N170 billion will go for capital projects.

Ayade said his government will not embark on any new projects, but will ensure that all the outstanding ones projects are completed.

“The 2022 budget tries to marry reality, certainty, aspiration and hope. It is a budget that will ensure that all the projects embarked upon are completed.”

He appealed to the assembly to expedite action on the bill.

Ayade said between N30 million and N50 million as special fund to pay both pension and gratuities of retired workers.

According to him, many of the industries, still under construction, would be completed within the ensuing 12 months while those already completed would be commissioned.