Efio-Ita Nyok|4 December 2017
A cross section of Nigerians of south-eastern geopolitical zone, presumably from Abia, Anambra, Imo, Enugu and Ebonyi states have torn Gov Ben Ayade’s N1.3 trillion 2018 appropriation bill christened Budget of Kinetic Crystallization to threads NegroidHaven can report authoritatively.
Thursday, 30th November 2017, Governor Ben Ayade of Cross River State presented a whooping N1. 3 trillion 2018 appropriation bill to the 8th Cross River State House of Assembly.
Gov Ayade aka Kinetic Ben has said that he opted for an intellectual budget instead of the usual cash budget. Explaining why the figures appear high in the eyes of an ordinary Cross Riverian, he said ‘it is not a cash budget, but an intellectual budget’.
Ayade further informed the Assembly that such provisions would send a positive message to investors who are aware that by the gargantuan budgetary provisions, ‘they can warehouse their investments because sometimes people give funding either by way of capital or by direct project implementation.’
What follows is an excerpt of the reactions of Nigerians :
Iyke Onyeabor
Hahaha!
Chai! What a massive take down!
And I share some affinity for the state oh!
That’s where I schooled and knew what transformations DD worked in that place.
This last two governors have been big disappointments.
Ezekings Ekemekwe Otukar
I told someone I have the feeling that cross river is no longer in Nigeria, the person doubted me.. I also heard yesterday that he had paid December salary yesterday.. U c governance ohh God
Egbuhuzo Elijah-Praise Chika
Budget of Kinetic Crystallization, you say?
Hahahaha!
(my belle o, my head o!)
Reinventing budget and its presentation for him would mean to mumble up some big words, confuse his hearers and walk away with his budget signed and approved.
Phew!
Chinedu Nwizu
I actually shouted ‘Chisos’ when I saw #1.3trillion …. Only for me to read down and see it…
#1.3Trillion….one state…hmmmmm… God of Elijah…send down fire oh…lol…
I was thinking the statures were the limit, I really thought wrong.
#GodHelpImoState
Ewere Okah
That guy was groomed in Warri and has a PhD; You either fear him for being a “warri boy” or respect him for being a “Prof”
Ifedy Inspire
Prof BA?
Sometimes I wonder if that guy even exists. Feel more like the state doesn’t have a governor!
Ify Okafoagu
odi egwu oo
Agozie Anuigwe
“The budget that is driven in ambition that is stronger than the carrying capacity and fear of the whole nation that budget that is too ambitious to the realistic in the minds of the ordinary, except you are self realized and spirituality high, et you are God fearing and believing in God that there is ambition, God will give you provision.” Odiegwu!
Emma Nwaogbo
In French a teacher is called a Professor even if your are a secondary school teacher, i guess the guy was a primary teacher at their backyard ,Paul Biya sold off almost everything in his country, may Ayade has followed his neighbor’s foot steps or possibly the amount he mentioned is in Cfa
Ndubuisi Eluwa
And the man is a Prof; who knows, like King Agrippa told Paul, too much learning is making him mad.😝
Alvin Otutu
Am suprised you don’t get it, think of a powder that materializes via kinetic crystalisation then you will understand that N1.3Trillion is nothing. Ayade may be planning a State sponsored production and exportation of the product to fund his budget.
Chiukpai Okwara
…and that boy in Kogi…
I have been dieing in laughter bro. No doubt he is a boy and behaves as such. A bunch of disappointment to the younger generation.
Chukwu Emeka
I had wanted to ask what was wrong with a NGN 1.3 trillion budget till I saw the NGN 10 billion revenue. If that is true then I wonder who will lend the state such deficit amount. His state house of assembly needs to declare the budget as #DeadOnArrival
But why are you giving weed a such a bad name. It helps some patients who are in pain. FYI I have never smoked nor inhaled for those that will come after me for asking why you gave weed such a bad name. Lol
Golden Ifeamah
How will he finance the deficit? Do you what galls me most? The fact that the word daft never ceases to cross my mind when trying to describe scenarios like that again why are we like this?
Nneamaka Okafor
You just tore Ayade to shred men. Truth be told, Cross-river is n longer the cross-river we came to love.
Madunagu Emeka
Where will he get N1.3 trillion to find this budget?
Breakdown of the budget is thus :
*Capital Expenditure : 70% of the budget has been earmarked
*Recurrent Expenditure : 30% of the budget.
—Key capital projects that will be addressed are the state’s deep sea port project estimated at N82 billion deal with the issues of dredging, preliminary reclamation and preconstruction in 2018,” and the super highway.
—Ministry of Infrastructure = N126 billion was budgeted for the . This is to help develop critical assets in the state according to Ayade.
—State Job Centre = N7 billion budgeted with a view to help train unemployed youths with marketable job skills.
—School Feeding Programme = N2 billion for our.
—Social Welfare = N52 billion budgeted for care of the aged.
—Budget funding : unknown, maybe dreams, investors and grants.
—IGR for 2016 : Data from the National Bureau of Statistics just released IGR report shows the state made a total of N14.7 billion as IGR. Year to date, the state has so far made a total of N9.4 billion as IGR, indicating it may not meet last year’s target.
—Debt Profile:
Foreign debt of N168 billion and domestic debt of N128 billion as at June 2017. This implies Cross River may have a herculean task in funding the budget, except through grants.
The governor further said that the garment factory, with 1,000 workers, would be increased to 3,000 in 2018 as part of his administration’s drive to engage the unemployed in the state.
This appropriation bill has incited both state and national reactions. It may be said that Cross River now stinks in the comity of states in Nigeria!
Efio-Ita Nyok
Is a Blogger, the Editor-in-Chief & Publisher of NegroidHaven
