Gov. Ayade presents N1.3trn budget for 2018 fiscal year

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Governor Ben Ayade of Cross Rivers

Gov. Ben Ayade of Cross River has presented a budget of N1.3 trillion for the 2018 fiscal year to the Cross River House of Assembly for deliberation and passage.

Ayade, who presented the budget on Thursday in Calabar, said that the proposal was designed to add value to the socio-economic development and well being of the people of the state.

Ayade, who tagged the budget as “Budget of Kinetic Crystallisation’’, said it was meant to crystallise what the state had achieved in the past two years of his administration.

He said that the priority of the budget was to develop the state’s deep sea port and the super highway which he said were his two marked projects.

The governor said that 70 per cent of the budget was for capital expenditure and 30 per cent,re-current expenditure.

According to him, the size of the budget is expected to create…

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