Breaking: Ayade presents 1.1trn budget

Professor Ben Ayade the Cross River state governor, has presented 1.1trillion naira  budget for the year  2020 to the to state House of Assembly.

Ayade  tagged the budget  “Olimpotic Meristemasis” 

Ayade  speaking during the budget presentation said ‘All low income earners are hereby exempted from taxes ,including civil servants who salaries are below 100,000 naira .

“The budget is an audacious step towards reducing recurrent expenditure and focus on increasing capital expenditure with Capital expenditure standing at 911 billion while recurrent  stands at  188 billion which is 82.8% and 17.2 % respectively.

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“Nigerians must realise that any state state whose budget is driven by the envelop size has limited vision .There are two ways budgets are derived in business or public sector management,it  is either as expression of expression of  ambition  or an expression of your envelop size.

“The expression of the ambition of the progressive agenda set for Cross River does not allow me the agony to adopt an evelop size budget .The value of our projects have not been commoditised into value ,with intellectual capacity we have reduced a lot of waste ,”