by crossriverwatch admin
The Cross River State House of Assembly on Thursday granted Senator Liyel Imoke’s request to withdraw the sum of N1.5billion from the Cross River State Reserve Fund for the execution of projects in the educational sector.
Hon Jacob Otu-Enyia, Chairman, Committee on Finance and Appropriation, while presenting the report to the House said that the Committee carried out a detailed consideration on the need for the governor to withdraw the requested sum.
Otu-Enyia, who represents Boki 2 State Constituency, said that the request for approval to withdraw the fund was sent to the House by the governor on 5th March, 2014.
He said that the fund was to enable the state provide basic infrastructure to meet the National Board for Technical Education accreditation requirement for the take-off of the Institute of Technology and Management ,ITM, in the state.
“It is hoped that with the approval for withdrawal from the Reserve Fund, the awarded projects will be completed for timely take-off of the school.
“The fund would be used for the installation of Information Technology, procurement and installation of specialised laboratories and other projects for the smooth take-off of the institution.
“The state government has been intervening substantially in the educational sector that requires heavy capital investment.
“The intervention in the educational sector is desirable, education is important for the development of the state and the economy’’, he said.
Supporting the report, Mr Saviour Nyong, representing Bakassi state constituency, said that the report was timely and conclusive, and thereby commending the committee for their good work.
Nyong said that there was need to invest in the educational sector, adding that education was key to human development.
Speaking after unanimous support for the withdrawal of the fund, Mr Larry Odey, Speaker of the Assembly, said that the request was timely and critical.
Odey stated that the fund would help to address the infrastructural needs of the educational sector in the state.
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