In a landmark session on Tuesday, Senator Bassey Otu, the Governor of Cross River State, presented the 2025 Appropriation Bill to the Cross River State House of Assembly. The budget, titled the “Budget of Sustainable Development,” outlines a total expenditure of N498 billion, aligning with the administration’s commitment to long-term growth and sustainable economic development across the state NEGROIDHAVEN can report.
The budget breakdown reveals a strong emphasis on capital projects, with N328 billion (66%) allocated to capital expenditure, while recurrent expenditure accounts for N170 billion (34%). This allocation ratio reflects the government’s focus on infrastructure and other developmental initiatives critical to advancing the state’s economic landscape.
Sectoral Allocations
The budget provides targeted funding across various sectors crucial to the state’s development:
– Infrastructure: N100 billion is earmarked to improve infrastructure, signaling the administration’s prioritization of key projects.
– Education: With an allocation of N81 billion, the education sector is a focal point, ensuring continued investment in schools and educational programs.
– Health: N25 billion is designated to bolster healthcare services, a vital area for enhancing public health and welfare.
– Judiciary: N20 billion is allocated to strengthen the judicial system and support justice administration in the state.
– House of Assembly: The legislature receives N18 billion, underlining the administration’s commitment to supporting legislative functions.
– Aviation: N16 billion is set aside for advancements in aviation, enhancing the state’s connectivity.
– Special Duties/Intergovernmental Affairs: N15 billion is provided for intergovernmental projects and special initiatives.
– Power: N14 billion goes towards power infrastructure, aiming to improve electricity access across Cross River.
– Agriculture: N11 billion is designated for agricultural programs to promote food security and rural development.
– Tourism: N5 billion is allocated to tourism, reflecting Cross River’s focus on promoting its natural and cultural attractions.
– Science, Technology, and Innovation: N4.7 billion is earmarked to foster technological advancements.
– Women Affairs: N3.7 billion is dedicated to women’s development programs, enhancing gender inclusivity.
– Information: The information sector receives N3 billion to support communication and media infrastructure.
– Other Sectors: The budget allocates N181.6 billion to various other areas essential to state governance and development.
Governor Otu emphasized that this budget is designed to meet the current needs of the state while laying a strong foundation for sustainable growth. He expressed confidence that the strategic allocation of funds would drive Cross River’s development agenda, focusing on infrastructure, education, healthcare, and economic empowerment.