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Economy

Cross River, Enugu Sign 2021 Appropriation Bills into Law

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By Ahmed Rahma

Governor Ben Ayade of Cross River State and Governor Ifeanyi Ugwuanyi of Enugu State have signed their states’ 2021 budget of N281.9 billion and N169.8 billion respectively into law.

The Cross River’s budget, which was signed on Wednesday, has N192.5 billion, representing 67 per cent, earmarked for recurrent expenditure, while the sum of N88.196 billion, representing 33 per cent, was for capital spending.

Mr Ayade, speaking at the signing ceremony held at the Governor’s Office in Calabar, stated that there was provision for the establishment of a state polytechnic in the budget.

He also mentioned that the budget also had provisions for social welfare schemes like grants and other financial benefits to help cushion the effect of the COVID-19 pandemic on the people.

According to the Governor, who explained that his administration had decided to reduce the financial commitments of the state in key projects such as the Bakassi Deep Seaport and the 275km superhighway to five per cent, said the projects are now to be built on a Public Private Partnership (PPP) model.

“For the budget of 2021, the budget of Blush and Bliss, the gross component is in the dramatic reduction of the budget size from over N1.01 trillion in 2020 to N281 billion. One will ask what will then happen to that missing gap?

“We had explained this in the budget presentation that we are shifting from all the big dreams to the basic, primordial things of survival and ensuring that there is food on the table.

“We had planned in 2020 that by 2021, we are going to move away from food on the table to food on the table and hands on the plough but with COVID-19 and #EndSARS protest, we realised that we have to sustain the food on the table further,” he said.

The Enugu State’s budget, which was also signed on Wednesday, had been passed on Tuesday by the state House of Assembly following the presentation to the Assembly for consideration on December 9 by the governor.

The sum of N101.1 billion, representing 60 per cent of the budget, was earmarked for capital expenditure, while N68.7 billion, representing 40 per cent, was for recurrent spending.

Mr Ugwuanyi said that the 2021 budget would be judiciously implemented in a way that residents of the state would be the ultimate beneficiaries.

He commended the Assembly for considering and passing the budget within a record time, noting that he was optimistic that 2021 would be better for the people.

Earlier, the Deputy Speaker of the Assembly, Mr Uche Ugwu, while presenting the budget for assent, said that the House engaged the state’s Ministries, Departments and Agencies (MDAs) constructively during the budget defence.

Mr Ugwu said that the Assembly carried out its legislative responsibilities diligently while considering the budget.

Ahmed Rahma is a journalist with great interest in arts and craft. She is also a foodie who loves new ideas. She loves to travel and would love to visit other African countries someday. She is a sucker for historical movies and afrobeat.

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