Otu presents ₦250 billion 2024 budget for Cross River

Governor Otu says he’s dedicated to delivering quality service to the people of Cross River.

Governor Bassey Otu of Cross River on Thursday presented a budget of ₦250 billion for 2024 to the state House of Assembly for approval.

Presenting the budget, titled The Peoples First Budget, Otu said that the figure was made up of ₦154 billion capital expenditure and ₦96 billion recurrent expenditure.

He said that the budget was aligned with the Sustainable Development Goal (SDG) goal 11, which focused on zero hunger, goal 111 which focused on good health and wellbeing and goal 1V which focused on quality education.

“The 2023 budget of quantum infinitum which my administration inherited sought to transform as well as empower citizens through wealth creation and employment generation, improvement of educational standard, access to healthcare among others.

“So, we intend to consolidate on the gains made by my predecessor as well as deliver quality service to our people.

“For the 2024 fiscal year, the government is expecting ₦133 billion from the Federal Allocation Account (FAAC) while independent revenue is estimated at ₦35 billion,” he said.

Otu said the budget would prioritise agriculture, education, healthcare delivery, environment, infrastructure, youth and sports development, security, tourism and general administration.

The governor said as a newly elected governor, he would continue from where the previous administration stopped by continuing with some of priority projects while adding some innovative ones.

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