Cross River State House of Assembly on Thursday passed the state’s 2024 Appropriation Bill of N296.96 billion.
Gov. Bassey Otu presented the budget estimate of N250.6 billion, themed “The People’s First Budget”, to the assembly on October 26.
The budget passed by the assembly was higher than the figure presented by the governor by over N46.4 billion.
The passage of the bill followed the presentation of the report of the Committee on Finance and Appropriation by its Chairman, Hon. Cyril Omini, representing Yakurr 1 State Constituency.
Presenting the report, Omini hailed the governor for his adherence to the provision of the State Public Finance Management Law.
He said the law provides that the governor shall not later than the last working day in the month of October of each year lay the annual estimates of revenue and expenditure of the state for the new financial year before the assembly.
Meanwhile, the Speaker of the House, Mr Elvert Ayambem, expressed appreciation to the members of the committee.
He also applauded other lawmakers for their commitment and dedication toward the expeditious passage of the budget.