By Our Correspondent
The forty percent slizing of statutory take home from States allocation, due to the global fall in oil prices, has severely strained the finances of several states across the country and must necessarily task the ingenuity of incoming governors to revamp their respective state finances.
It is in line with this reality that the Cross River State governor elect, Senator Ben Ayade has vowed that he will build strategic partnerships, maximize Cross River’s natural and human resources and grow an economy that will decouple Cross River state from depending on allocations from the federation account.
The governor elect, who is currently on an investment drive in Abu Dhabi in the United Arab Emirates, told CrossRiverWatch that there is no need for Cross Riverians to panic about the obvious challenges ahead.
He said those challenges are not restricted to Cross River state alone and was optimistic that, rather than weigh down our spirits, the challenges present an opportunity to demonstrate our collective capacity to weather the storms and prove our worth.
Senator Ayade said the over dependence of the State on income from federal allocation has denied the state of the impetus to look inwards and harness her munificent endowment and vowed that his administration will break new frontiers that will make the state self reliant.
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