BREAKING: Ayade To Sign 1.3Trn 2018 Budget Into Law On Tuesday

In Breaking News, Business & Economy, Interviews, National News

By Jonathan Ugbal: Government House Correspondent

Cross River Governor, Senator Ben Ayade has announced that he will be signing his record 1.3 trillion Naira 2018 budget into law next week Tuesday.

Mr. Ayade disclosed this while speaking to journalists Friday in Calabar shortly after arriving at the Margaret Ekpo International Airport after spending almost three weeks touring China and India.

He said that his visit to the two countries exposed his mind to a lot of things and maintained that the budget will help “crystallize” some of his administration’s projects.

Ayade who coined a new word that threw journalists and his aides into laughter averred that: “Dont forget that the budget for this year which I will be signing into law by Tuesday is definite and very clear.

“A budget of Kinetic Crystallization. So what are we crystallizing? We are crystallizing all our concepts, our dreams, all our projects we have conceived from deep vision to infinite transposition and now we are crystallizing them.

“By this crystallization process, the projects will become manifest in a systemic escape menistemasis.”

The Governor had on November 30, 2017 presented a record breaking NGN1.3trillion 2018 budget tagged “budget of kinetic crystallization.”

This represented an almost 200 percent increase from the about NGN700 billion budget of ‘infinite transposition’ in 2017 and an almost 400 percent increase from the NGN350 billion 2016 budget of ‘deep vision.’

Despite mixed reactions trailing the budget, Mr. Ayade had explained the reason behind it while breaking ground for the construction of the Calabar Virgin city.

Following debates and the defense of the budget by Ministries, Departments, Agencies and parastatals of government, the state’s House of Assembly passed the budget with almost no alterations.

As at press time, Mr. Ayade, his deputy, Professor Ivara Esu, the speaker of the House of Assembly, Mt. John Lebo and federal legislator, Mr. Legor Idagbo and a retinue of aides departed for the Rice city for an inspection tour of equipment which arrived Calabar earlier this week after been delayed at the port since December 2017.

Since You Are Here, Support Good Journalism

CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.


New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now

Text Advert by CRWatch :Place Yours

Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here

Expose Your Business And Make More Sales. Advertise On Today

You may also read!

Buhari Considers Posthumous Pardon For Saro-Wiwa, Eight Others Killed By Ruthless Abacha Regime

By Bankole Abe, ICIR In an attempt to appease the Ogoni people of Rivers State for long years of


Calabar Road Sweepers: PDP, NBA Wade Into Heartbreaking Issue

Patrick Obia The Cross River State chapter of the Peoples Democratic Party (PDP), and the Calabar branch of the


Truck With LaFarge Cement Crushes Family Of Four In Akpabuyo

By CrossRiverWatch Admin A truck conveying products from the LaFarge HolCim plant in Mfamosing has crushed a family four


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now