Cross River assembly approves N437.876 billion supplementary budget

The Cross River House of Assembly has passed a supplementary budget of N437.876 billion for the governance of the state.
The budget breakdown showed that N151.684 billion was appropriated for personnel costs, N283.333 billion was for capital expenditure and N2.857 billion was approved for statutory expenditure.
Governor Bassey Otu presented the Supplementary Appropriation Bill to the assembly on July 18.
Speaking during a debate on the bill, Cyril Omini, the chairman, Finance and Appropriation Committee, said the committee undertook a detailed scrutiny of the bill before reporting to the house.
He said the budget would enable the governor to effectively run the business of governance and undertake more development projects in the state.
Mr Omini, who represents Yakurr 1 Constituency, said the bill was referred to the committee after passing the first and second readings.
“As a committee, we adhered to Orders 64 and 66 of the house rules in carrying out our assignment,” he said.
Other lawmakers who spoke during the debate commended the committee for a thorough exercise and described the supplementary budget as a step in the right direction.
In his remarks, the speaker, Elvert Ayambem, said the governor had remained prudent in using public funds, saying, “Every sector has received the attention of the government.”
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
Edo PDP boycotts LG election
The PDP alleged that the process is rooted in illegality and constitutional violations.

Economy
S&P Dow Jones places Nigeria on 2027 frontier market watchlist
According to the S&P DJI, Nigeria’s regulatory environment has been modernised to improve transparency, enforcement and market integrity.

Abuja
Court fixes October 14 for trial in absentia of five suspects linked to terrorist kingpin Bello Turji
The judge fixed the date following an oral application by the federal government’s lawyer, David Kaswe.

Anti-Corruption
Ghanaian celebrity fraudster Abu Trica extradited to U.S. over $8 million fraud
Ghanaian authorities extradited fraudster Fredrick ‘Abu Trica’ Kumi to face trial in the U.S.

States
Louts who attempted to steal Ibadan POS operator’s phone caused Ojoo unrest: Police
The police spokesman said the victim’s outcry attracted members of the public, who apprehended one of the suspects.

Education
Parents’ community rejects concession of King’s College
The chairman stated that concessioning the 116-year-old school would serve private interests rather than the public good.





