The Cross River State governor, Senator Bassey Otu says his administration is determined to provide world class infrastructure in the state.
The governor said this underscores why infrastructure development is the cornerstone of the administration’s agenda come 2025.
Governor Otu disclosed this while singing into law the N538.5 billion 2025 budget of the state which is christened “Budget of Sustainable Growth”.
The governor also highlighted the administration’s vision to drive economic growth and enhance the quality of life for citizens.
“The 2025 budget, with a total size of N538,523,915,715.99 billion, reflects our deep commitment to economic growth, infrastructure development, and improving the well-being of our people.
“Infrastructure is the backbone of sustainable development, and we are resolute in our determination to create world-class infrastructure for Cross River State,” he said.
Further details of the 2025 budget indicate that 62% of the budget, amounting to N333,343,387,290.83 billion is allocated to capital expenditure.
These funds will be directed towards critical infrastructure projects, including road construction, healthcare facilities, educational infrastructure, and other long-term initiatives aimed at fostering development and creating jobs.
Similarly, 38% of the budget, equivalent to N250 billion, is dedicated to recurrent expenditure. This is expected to cover essential government operations, such as salaries, pensions, healthcare services, and education, ensuring the seamless functioning of public institutions and services.
Daily Sun
