Ayade signs 2021 financial bill, to drop funding of Carnival Calabar in 2021

Cross River state Governor, Ben Ayade has signed the 2021 appropriation bill of 281 billion naira into law.Ayade said Covid -19 intervention and the establishment of a state-owned polytechnic led to the increase from 277 billion naira to 281 as presented to theCross River State House of Assembly.

The state government says from 2021 it will stop the funding of carnival to enable them extend 5% equity support to infrastructures. He insists that all carnival activities will henceforth be privatized 15years after.

The Governor said he is working hard to decouple the state in order to protect the state finances from overdependence on federal allocations. On this trajectory, he referenced the over 20 industry built under his government which are ready for operation.

Ayade says he’s preparing the Cross River state economy for the future and revealed that the federal government is insensitive to the state’s efforts, saying the 8.5billion rice seedlings purchased by the federal government is yet to be paid for.

He said all promises made to the state to patronize Calabar garment factory is not yielding fruits.

The Governor said the federal government has a role to play in encouraging the state in its agro industrial project which the state has keyed into.

He called on the President to intervene in the 8.5-billion-naira debt owed the state by Rice farmers Association of Nigeria (RIFAN) under the Anchor Borrowers programme through the Central Bank of Nigeria, CBN. The transaction involved the supply of rice seeds and seedlings to RIFAN by a company owned by the Cross River State government.

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