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Imoke signs 2011 Supplementary Budget

Calabar- Governor Liyel Imoke of Cross River State has signed the 2011 Supplementary Appropriation Bill into law.

By this, the budget size had been increased from N101.7 to N119.3, reflecting an increase of N17.67 or 17.29 per cent.

According to Imoke, the supplementary budget was necessitated by his administration’s commitment to improve on the quality of live of the people.

He said that his assent to the supplementary budget would enable the state government to pay the new minimum wage and expand the scope of planned projects and programmes in some key sectors.

He listed the benefiting projects to include the airport by-pass, the Rural Access Mobility Project, RAMP; Rural Development Agency, RUDA; network of roads and the state Universal Basic Education would also benefit.

He said the supplementary budget was also intended to ensure that the Cross River Geographic Information System, CRGIS, projects were completed and commissioned this year.

On the state’s debt profile of N7 billion, the governor explained that adequate provision had been made to service outstanding debts to sustain the confidence of creditors.

He called for the full implementation of the recommendation of the state legislature, which mandated the Budget Department to henceforth oblige the House a quarterly Budget Performance Report to be presented to the executive council.

Imoke described the state’s budgeting system as a model, noting that the civil society and the public made contributions.

 


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