The governor of Cross River State, Prof. Ben Ayade, has signed the state’s 2020 budget of “Olimpotic Meristemasis” into law.
Speaking while signing the N1.1 trillion budget which comprises 82 percent capital expenditure and 18 percent recurrent expenditure, Ayade said it would help actualise the key projects of his administration.
He stated that despite low allocations, Cross River has been been able to pay salaries and carry out projects because of the role of “intellectual money” in the state.
“At any point in time a man’s ability is limited by his financial muscle his brain has failed. For us in Cross River, with governor and his deputy as professors, it will be a thing of shame for us to budget based on our envelope size,” Ayade added.
While presenting the budget to the state House of Assembly in November 2019, the governor had described the budget as one anchored on the “belief in the spiritual force, which is the third energy.”
Such stylish names for budgets in Cross River has been existence since Ayade came to power in 2015.
The state’s budget in 2016 was named “Budget of Deep Vision”, while that of 2017 and 2018 were named “Budget of Infinite Transposition” and “Budget of Kinetic Crystallization” respectively.
That of 2019 was “Budget of Quabalistic Densification.”
