C’River Assembly Approves N437bn Supplementary Budget
The Cross River House of Assembly has passed a supplementary budget of N437.876 billion for the governance of the state.
A breakdown of the budget showed that N151.684 billion was appropriated for personnel cost, N283.333 billion was for capital expenditure and N2.857 billion was approved for statutory expenditure.
It would be recalled that on July 18, Gov. Bassey Otu, presented the Supplementary Appropriation Bill to the assembly.
Speaking during debate on the bill, Mr Cyril Omini, the Chairman, Finance and Appropriation Committee, said that the committee undertook a detailed scrutiny of the bill before reporting to the house.
He said that the budget would enable the governor to effectively run the business of governance and undertake more development projects in the state.
Omini who represents Yakurr 1 Constituency, said that the bill was referred to the committee after passing the first and second reading.
“As a committee, we adhered to Orders 64 and 66 of the house rules in carrying out our assignment,” he said.
Other lawmakers who spoke during the debate commended the committee for a thorough exercise, and described the supplementary budget as a step in the right direction.
In his remarks, the Speaker, Mr Elvert Ayambem, said that the governor had remained prudent in the use of public funds, saying, “every sector has received the attention of the government”. #C’River Assembly Approves N437bn Supplementary Budget
