Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Cross River Governor Ben Ayade presents 2018 biggest ever budget of N1.3 trillion

Onome Ohwovoriole by Onome Ohwovoriole
November 30, 2017
in Business News
Cross River Governor Ben Ayade presents 2018 biggest ever budget of N1.3 trillion

Senator Ben Ayade, Governor, Cross-River State

Share on FacebookShare on TwitterShare on Linkedin

Cross River Governor Senator Ben Ayade made history today when he presented a N1.3 trillion 2018 budget to the state house of assembly. Governor Ayade tagged the budget ‘Budget of Kinetic Crystallization. The state’s budget could thus be one of the largest in the country, rivalling Lagos State which presented an N817 billion budget for the 2017 fiscal year. The budget is 4 times higher than the N301 billion the state allocated

Details of the budget

70% of the budget has been earmarked for capital expenditure, while the rest will be for recurrent expenditure. The key capital projects that will be addressed are the state’s deep sea project and super highway.

RelatedPosts

Defection: Court dismisses suit seeking Governor Ayade’s sack

Court to rule on Governor Ayade’s defection matter today

How will the budget be funded ?
I
t is yet unknown how the budget will be funded. Data from the National Bureau of Statistics just released IGR report shows the state made a total of N14.7 billion as IGR for 2016. Year to date, the state has so far made a total of N9.4 billion as IGR, indicating it may not meet last year’s target.
The state also has a foreign debt of N168 billion and domestic debt of N128 billion as at June 2017. This indicates it it may have a herculean task in funding the budget, except through grants.

Related

Tags: Ben AyadeCross RiverNews Review

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Meta warns Android users of new malware hiding in WhatsApp, YouTube apps
    • Palm oil: How Okomu, Presco can restore Nigeria’s status as global exporter
    • CBN, stop this inflation now!

    Follow us on social media:

    Recent News

    NCC warns android phone users of new malware

    Meta warns Android users of new malware hiding in WhatsApp, YouTube apps

    August 15, 2022
    Palm Oil: Industry potentials remains untapped    

    Palm oil: How Okomu, Presco can restore Nigeria’s status as global exporter

    August 15, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com