Ayade presents N1.3trn budget for 2018 — highest ever by a Nigerian state

Ben Ayade, Cross River governor, has presented a budget of N1.3
trillion for the 2018 fiscal year to the state house of
assembly.

The budget is the largest for a single state in Nigeria’s
history.

Lagos state held the record with its N812 billion budget for
2017, although the state has indicated its 2018 budget may also hit
N1 trillion.

Presenting the proposed budget to the house on Thursday, Ayade
said it was designed to add value to the socio-economic development
and well being of the people of the state.

He also said the budget was meant to ‘crystallise’ what the
state has achieved in the past two years of his administration.

The governor said 70 per cent of the budget was for capital
expenditure and 30 per cent, recurrent expenditure.

“The 2018 budget of N1.3 trillion, tagged `Kinetic
Crystallisations’, is meant to drive the economy of the state to an
enviable height,” he said.

“The sum of N126 billion was budgeted for the Ministry of
Infrastructure. This is to help us develop critical assets in the
state.

“N7 billion was also budgeted for the state job centre with a
view to helping us train our unemployed youths with marketable job
skills.

“Also, we have budgeted N2 billion for our school feeding
programme. In addition to that, we also budgeted N52 billion for
social welfare to care for the aged.

“My administration is human friendly and my desire is to ensure
that every family has what to eat before going to bed.”

NAN reports that the 2018 budget is far higher than the 2017
budget of N301 billion.

Responding, John Gaul-Lebo, speaker of the assembly, commended
the governor for commencing work on the deep sea port and the super
highway.

Gaul-Lebo said the two projects, when completed, would attract
more investors to the state and improve its revenue profile.

He also assured the governor of the assembly’s continued support
for the economic and political growth of the state.

Ben Ayade, Cross River governor, has presented a budget of N1.3
trillion for the 2018 fiscal year to the state house of
assembly.

The budget is the largest for a single state in Nigeria’s
history.

Lagos state held the record with its N812 billion budget for
2017, although the state has indicated its 2018 budget may also hit
N1 trillion.

Presenting the proposed budget to the house on Thursday, Ayade
said it was designed to add value to the socio-economic development
and well being of the people of the state.

He also said the budget was meant to ‘crystallise’ what the
state has achieved in the past two years of his administration.

The governor said 70 per cent of the budget was for capital
expenditure and 30 per cent, recurrent expenditure.

“The 2018 budget of N1.3 trillion, tagged `Kinetic
Crystallisations’, is meant to drive the economy of the state to an
enviable height,” he said.

“The sum of N126 billion was budgeted for the Ministry of
Infrastructure. This is to help us develop critical assets in the
state.

“N7 billion was also budgeted for the state job centre with a
view to helping us train our unemployed youths with marketable job
skills.

“Also, we have budgeted N2 billion for our school feeding
programme. In addition to that, we also budgeted N52 billion for
social welfare to care for the aged.

“My administration is human friendly and my desire is to ensure
that every family has what to eat before going to bed.”

NAN reports that the 2018 budget is far higher than the 2017
budget of N301 billion.

Responding, John Gaul-Lebo, speaker of the assembly, commended
the governor for commencing work on the deep sea port and the super
highway.

Gaul-Lebo said the two projects, when completed, would attract
more investors to the state and improve its revenue profile.

He also assured the governor of the assembly’s continued support
for the economic and political growth of the state.