Judex Okoro, Calabar
Governor Ben Ayade of Cross River has said the state would spend N1,043,967,000,000 for the 2019 fiscal year.
Presenting the 2019 budget tagged: “Budget of Quabalistic Densification, to the House of Assembly on Wednesday, Ayade said the 2019 estimate is spiritual and deserves fervent prayers to enable the state implement it successfully.
The governor, who disclosed that the state spends N1.8 billion, monthly, to service debts, said last year’s budget tagged: “Kinetic Crystallisation,” performed up to 74 percent.
The governor said: “This year’s budget is tagged quabalistic densification; it is a magical budget of concentrating all of our ideas and ideals into a cumulative action point that will deliver with escape velocity. The budget seems to address the fundamental thrust of our governance agitation, creating a property direction and pathway.”
He added that “this budget is ambitious but driven by intellectual strength and out of the above sum, 35 percent will go into infrastructure.
“The only way to change a state is by providing production that matches consumption. We are that can only be achieved by a strategic long term plan and it is to deal effectively with the issue of the active industrialisation of every local government area seeking and connecting into the superhighway.”
Ayade further said the quabalistic densification focuses on the Kinetic Crystallisation of what we achieved in 2018, and also, explained that construction has started in full force on the superhighway “as massive work is going on there.”
The governor did not give details of how much he has allocated to recurrent expenditure but futher disclosed that only 35 percent has been allocated to infrastructure.