House Of Assembly To Spend N31.5Million On 2 Air Conditioners, 4 Fans, 2 Water Dispensers In 2025, N15Million To Construct Mace
According to the budget document, the provision of intercom system for the House of Assembly is also expected to gulp N26.2 million. The House of Assembly also plans to spend N31.5 million on buying a printing machine.
Areview of the 2025 budget proposal of Cross River State by SaharaReporters has shown that the sum of N31.5 million is proposed to be spent on two air conditioners, four fans and two water dispensers in 2025.
This money is planned to be spent by the state House of Assembly, according to the details of the proposed 2025 budget.
According to the budget document, the provision of intercom system for the House of Assembly is also expected to gulp N26.2 million. The House of Assembly also plans to spend N31.5 million on buying a printing machine.
The provision of three conference tables, 30 swivel chairs for the Budget/PRS Data Centre is expected to gulp N15.7 million, while the purchase of three 60KVA inverter/solar panel for the Budget/PRS department is expected to cost N31.5 million.
Also, plumbing, renovation and replacement of fittings and pipes in the House of Assembly are expected to gulp N196.1 million, while the construction of symbol of authority (Mace) is expected to gulp N15 million.
The provision of street lighting for the Assembly Complex is expected to gulp N2.1 million.
CROSS RIVER
Concerns have been raised about how states prioritise their spending, particularly given the limited economic resources available.
Many states rely heavily on loans, in addition to revenue distributed by the federal government. For instance, as of June 2024, Cross River State had a domestic debt of N155.4 billion and an external debt of $210 million.
This reliance on loans often results in high debt servicing costs, which are partly blamed for the poor development in various states.
In fact, the latest data from the Debt Management Office shows that external debt for states and the Federal Capital Territory increased by 6.14% between December 2023 and June 2024, with some states like Rivers and Edo witnessing significant jumps in their foreign debt.
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