Ayade signs 354.55bn 2022 Appropriation Bill
By Adodo Osewengie
The Governor of Cross River State, Senator Ben Ayade has signed the 2022 Appropriation Bill of the state into law positing that year 2022 is the beginning of the full crystallization of factories cum economic prosperity of the state.
Ayade on Friday disclosed that the 354.55Billion budget will help kickstart the operations of the industries built by his administration thereby ensuring the availability of the industries’ products in the open market.
Explicitly, the Governor stated that the 2022 Appropriation Bill is focused on the ambition and commitment of his administration to develop the economy of the state.
According to him, a budget that is limited to what can be earned does not apply to Third World developing economies noting that the envelope budget is most feasible in developed countries with stable economies.
He said that the 2022 budget of the Cross River State encompasses the dreams, visions and aspirations of his administration geared towards deriving the desired, productive results.
Ayade having signed the 2022 Appropriation Bill said, “the N354.55bn budget will ensure the take-off of industries built by our administration with their products becoming available in the market.
“Our administration was fully aware that a budget in a developing economy could not be an envelop budget because you budget to your dream, vision and aspiration.
“Any budget that is limited to what you can earn does not belong to the Third World developing economies. It is only the economy that has matured, stabilised and fermented that could have enveloped budgeting
“It is not about the size of your budget, but much more about the size of your ambition and your commitment. It is about the journey you set for yourself and how you want to arrive at your destination.
“The 2022 budget has N225,746,261,604.98 billion representing 64% as capital expenditure and N128,759,273,708.27 billion representing 36% as recurrent.
“2022 is surely a year of economic prosperity for our dear state as we look forward to the full crystalization of our factories”, he added.
