Gov Otu unveils N987.8bn 2027 budget, allocates N246bn to infrastructure
Cross River State Governor, Bassey Otu, on Wednesday presented a proposed budget of N987.8 billion for the 2027 fiscal year to the State House of Assembly.... The post Gov Otu unveils N987.8bn 2027 budget, allocates…
State budget presentations typically kick off months of legislative scrutiny before an appropriation bill is signed into law, usually around the start of the new fiscal year. Governors use the annual budget speech to set out spending priorities, revenue projections and policy direction, with the proposals subject to review, amendment and passage by the state House of Assembly before implementation.
Cross River's N987.8 billion estimate for 2027 marks a notable jump in projected spending, with Vanguard reporting that capital projects account for N708.4 billion — or roughly 72 per cent of the total — while infrastructure alone takes N246 billion (Leadership puts the exact figure at N246.1 billion), described as the single largest allocation. ThisDay notes Governor Otu dubbed the plan the "Budget of Consolidation," though the coverage does not yet detail how the budget will be funded, what specific infrastructure projects are planned, or how much is set aside for recurrent expenditure, debt servicing or other sectors such as health and education. These details are expected to emerge as lawmakers debate the bill.