2018 Budget: Cross River Breaks Nigeria’s Record


The Cross River State government has presented a proposal of N1.3 trillion for the 2018 budget, the largest for a single state in Nigeria’s history.

Gov. Ben Ayade presented the budget to the Cross River House of Assembly for deliberation and passage in Calabar, on Thursday, Nov. 30.

Gov. Ayade explained that the proposal tagged as the “Budget of Kinetic Crystallisation” was designed to add value to the socio-economic development and well being of the people of the state, adding that it was meant to “crystallize” what the state had achieved in the past two years of his administration.

See Also: Politicians Allowances Must Be reduced To Complement 2018 Budget – Sen Adeyeye

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.

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

2018 Budget

According to him, the size of the budget is expected to create room for potential investors, now that the annual construction of the state deep-sea port and superhighway has commenced.

He added that the budget was for actualization and implementation of the state deep-sea port, superhighway and other laudable projects earmarked for completion.

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

“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 center with a view to helping us train our unemployed youths with marketable job skills.

Read Again: Buhari Orders Governors To Clear Salaries Before Christmas

“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,’’ he said.

Lagos state holds the record of the largest budget 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 at average N150 billion to N300 billion. The biggest annual spenders are Lagos, Rivers and Akwa Ibom. The entire federal budget for 2018 is a little above N8 trillion.

Gov. Ayade further said that the garment factory, with 1,000 workers, would be increased to 3,000 in 2018 as part of his administration’s drive to engage the unemployed in the state.

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

The Speaker of the State House of Assembly, John Gaul-Lebo, commended the governor for commencing work on the deep-sea port and the superhighway.

See Again: Interior Ministry Reinstated Maina Without My Approval – Head of Service

Mr. Gaul-Lebo said that the two projects, when completed, would attract more investors to the state and improve its revenue profile. He assured the governor of the assembly’s continued support for the economic and political growth of the state.