Cross River Engages Stakeholders On 2020 Budget Review

In Breaking News, Business & Economy

By Judex Okoro, Daily Sun

Cross River State Government has begun consultations with relevant stakeholders on planned amendment of 2020 budget.

Commissioner for Finance, Asuquo Ekpenyong, who disclosed this during a Citizen Budget Forum in Calabar, said at a time the world is facing economic downturn, occasioned by coronavirus pandemic, the State Government is once again being proactive.

Describing Governor Ben Ayade as a leader, who cares for the socio-economic wellbeing of the people by thinking outside the box, Ekpenyong said modalities have been put in place for the revision of the budget in line with the current economic realities.

To achieve success, all Ministries Departments and Agencies (MDAs) would be integrated into the ongoing discussions on the budget amendment, calling on MDAs to look into their core mandates to ascertain areas to focus on and possible budgetary amendment as it relates to COVID-19 response.

Ekpenyong said in re-engineering the economy, the State will operate within the new reality by fixing priority to digitalisation, business environment reforms, improved economy and diversification of revenue sources.

The Commissioner said to achieve this,  expenditures would be pruned down and specifically channelled into food security, safety net mechanism and economic stimulus as well as ensuring public safety and well-being.

Earlier, Special Adviser to the Governor on Budget, Abeng Onoh, recalled that even before the outbreak, the outlook for the State’s economy in particular, and especially, Nigeria and developing countries, was fragile as GDP growth was estimated to be only 2.5 percent in 2020.

He said the budget review is expected to be sent to the State’s lawmakers very soon.

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!

Nko-Onyadama Crisis: Two Killed, Many Injured, One Arrested With Explosives

By Jonathan Ugbal Listen To The Report The ongoing Nko-Onyadama communal crisis in Central Cross River State has taken


Breaking: Soldiers Raid Nko, Kill Two, Many Injured In Age-Long Communal Crisis

By Patrick Obia Listen To The Report Information reaching our newsroom has it that soldiers of the Nigerian Army


Ongoing: Again, Four Feared Dead In Fierce Communal Battle Between Nko And Onyadama

By Patrick Obia Listen To The Report The lingering communal crisis between the Nko and Onyadama of Yakurr and


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now