By Bassey Inyang - Calabar
Chairman of Akpabuyo council of Cross River State, Dr. Patrick Ene Okon, has presented a budget of N2, 883, 476, 452 to the legislative council of the area for consideration.
While making the presentation at the council’s legislative Chamber in Ikot Nakanda, Okon said the budget aims at rekindling the “Can do” spirit of the people of Akpabuyo.
Okon said N1,663,181 billion representing 57.72 per cent of the budget is earmarked for capital projects while N1, 219, 015, 366 representing 42.28 per cent is slated for recurrent expenditure.
Breakdown of the budget christened “budget of exceeding possibilities”, indicates that economic sector was given priority, with an allocation of N375, 369, 125, representing 40.14 per cent of the capital expenditure.
He said his administration was committed towards allocating tN65, 600, 000 to commence and finance sub-sector would boost market development, motor parks as well as reinforce revenue collection.
The chairman said due to the critical role the agriculture sub-sector plays in the local economy, N163, 214,000 was allocated to it.
“The 2014 budget is aimed at rekindling the Can do spirit in our people; and geared towards restoring hope and transformation of Akpabuyo through exploration of new grounds to ensure speedy development,” the chairman said.
Okon stated that this year’s budget is fashioned after the state’s economic blueprint, and millennium development goal to realize the vision of his administration.
He noted that with the provision of N11, 500,000 to tourism development, the council will not only explore new revenue points, but as well consolidate on the state’s economic blueprint.
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