Wednesday, 6 February 2019

See What Ayade and Speaker John said about Budget of `Qabalistic Densification

Budget of `Qabalistic Densification’ to drive C’River Industrialization Agenda

Wednesday 6th February 2019 saw the governor of Cross River state Prof. sen. Ben Ayade presents the 2019 appropriation bill christened budget of `Qabalistic Densification’ to the 8th Cross River state House of Assembly.  

Presenting the budget which is estimated at N1.043 trillion, Ayade said the budget it was meant to drive the industrialization agenda of his administration.

According to him, the budget was designed to drive the realization of at least one industrial project in each local government area of the state with a view to creating wealth and move the people away from poverty.

“The 2019 budget of N1.043 trillion is meant to shift Cross River from the third world to the first world.

“The budget will deal with the issue of active industrialization in each local government area of the state.
“It is a budget of deep vision meant to deliver a prosperity agenda under the catalysis of minimal money and intellect.
“The 2019 budget will witness the actualization of products from the industries established with the 2018 budget.

“The budget has been designed with special focus on infrastructure and we have allocated 30 percent of the budget for that,’’ he said.

Mr. Ayade said that the performance of the 2018 budget of N1.3 trillion was 74 percent, adding that the 2019 budget would be driven to create more jobs for the youths and industrialization.
“In terms of federal allocation, we are the least. In terms of salary alert, employment and appointments we are number one,’’he said.

The governor, who did not give a breakdown of the budget in terms of personnel cost, recurrent revenue, overhead and statutory expenditures, urged the Assembly to give the budget speedy consideration and passage.
The Speaker, John Gaul-Lebo, commended Mr. Ayade for his industrialization agenda in the state.

He said when completed, the industries would create jobs for youth in the state.