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Home News in Nigeria Now “Conjugated Agglutination” Budget of  N276bn for 2022 Presented by Ben Ayade

“Conjugated Agglutination” Budget of  N276bn for 2022 Presented by Ben Ayade

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“Conjugated Agglutination” Budget of  N276bn for 2022 Presented by Ben Ayade

Ayade Presents N276bn Budget of ‘’ for 2022 

Professor , the Governor of Cross River State, has presented an Appropriation Bill in the amount of N276 billion for the fiscal year 2022 before the state House of Assembly.

According to Ayade, who presented the budget proposal to the state legislature yesterday, dubbed the “Budget of ,” the budget proposal was primarily intended to address existing projects across the state, among other things.

 

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Ayade informed the lawmakers that N106 billion of the total budget size is earmarked for recurrent expenditure and N170 billion is earmarked for capital expenditure out of the total budget size.

As explained by the governor, the budget was given the name Conjugated Agglutination because it “is a cascade of so many projects that are being completed back-to-back; it is putting everything together to form a new envelope, and when it explodes, you will see a new prosperity agenda.”

 

The governor stated that the completion of projects such as the Obudu Cargo and Passengers International Airport, the British/Canadian International School, Obudu, and the Odukpani Junction Flyover are the primary focus of the budget estimate, which is the lowest fashioned by his administration since 2020 and is the lowest since 2010.

The governor stated that the appropriation bill adequately provided for aspects of expenditure such as the regular payment of salaries, gratuities, and pensions, among other things.

When Ayade stated that the state was experiencing financial difficulties, he also revealed that his administration intends to set aside anywhere between N30 million and N50 million per month to be used for gratuity payments.

Ayade expressed his desire that every retiree receive their gratuity and pension because ageing is an unavoidable fact of life.

As a result, the governor appealed to the legislature to work with the executive branch of government and ensure that the appropriation bill passed quickly and smoothly.

During the budget presentation, it was observed that no members of the Peoples Democratic Party (PDP) and only 25 members of the All Progressives Congress (APC) attended the governor’s budget presentation.

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