Cross River assembly approves N963 billion supplementary budget

The Cross River House of Assembly has approved an upward review of the state’s 2026 supplementary appropriation bill to N963 billion.
The revised figure represents an increase of N1.45 billion from the earlier N961 billion provision, which translates to a 0.15 per cent increase.
The approval followed consideration of the House Committee on Finance and Appropriation’s report during the assembly’s sitting on Thursday.
Presenting the report, the committee chairman, Cyril Omini, representing Yakurr II, said the review addressed additional financial requirements.
Mr Omini further said that the adjustment was designed to achieve strategic objectives such as infrastructure capitalisation, counterpart funding, macroeconomic adjustments and social interventions.
He listed unforeseen expenditures, new policy initiatives, and increased revenue prospects among the factors necessitating the supplementary budget.
The lawmaker also cited improved employment opportunities and enhanced public service delivery as additional reasons for reviewing the appropriation.
“These adjustments will promote prudent fiscal management, improve budget implementation and direct resources toward priority programmes and projects.
“These measures are aligned with Gov. Bassey Otu’s ‘People First’ mantra and aimed at delivering greater value to citizens,” he stated.
The house subsequently authorised implementation of the supplementary budget in accordance with relevant provisions of the law.
Elvert Ayambem, the speaker, commended the committee for thoroughly discharging its duties.
The chief whip, Hillary Bisong, representing Boki II, moved the motion for the third reading of the bill, while Linus Etim, representing Akamkpa II, supported it.
(NAN)
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