Sunday September 19, 2021 9:40 PM

Cross River budgets N1 trillion for 2018

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

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. The state has indicated its 2018 budget may also hit N1 trillion.

Most states in Nigeria propose budgets of between N150 billion and N300 billion.

The biggest annual spenders are Lagos, Rivers and Akwa Ibom. The entire federal budget for 2018 is a little above N8 trillion.

Governor Ayade, who presented the budget on Thursday in Calabar, said 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 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.

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