JUST IN: Ayade Signs In NGN1.116 Budget Of Olimpotic Meristemasis Into Law

In Breaking News, Business & Economy, Politics

By CrossRiverWatch Admin

The Cross River State Governor, Sen. Ben Ayade has just signed into Law NGN1.116 trillion budget estimates for the 2020 fiscal year.

The signing of “Olimpotic Meristemasis” took place in the Executive Chamber of Peregrino House.

It will be recalled that our newsroom has done three series of five (General, Economic and Regional) on the proposed budget.

At the State House of Assembly during the plenary where the estimates was passed into law at the Assembly complex Calabar following the presentation of the report by the House Committee on Finance and Appropriation by its Chairman, Hon. Sunday Achunekang.

The former Commander stated that “the Cross River budget and appropriation bill 2020 which His Excellency christened Budget of “Olimpotic Meristemasis” has a total income and expenditure estimate in the sum of NGN1,100,168,507,687.09.

“The estimates have dropped from the 2019 approved budget by NGN48,363,126,573.91 representing 4.39 percent”.

The Committee Chairman noted that though they entertained complaints over the budget size as proposed by the Governor for 2020 and made recommendations.

See pictures from the event below.

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