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Economy · Premium Times ·

Otu budgets N987.8bn for 2027, capital projects get 72%

Governor Bassey Otu of Cross River State presented a N987.8 billion budget for 2027 to the state House of Assembly, named the Budget of Consolidation and Renewed Hope. Capital expenditure makes up 72% of the total while recurrent is 28.28%, representing a 2.57% increase over the 2026 budget which was revised to N963.07 billion.

Pidgin: Governor Bassey Otu of Cross River State don present N987.8 billion budget for 2027 to di state House of Assembly, wey dem name Budget of Consolidation and Renewed Hope. Capital expenditure na 72% of di total while recurrent na 28.28%, e represent 2.57% increase over di 2026 budget wey dem revise to N963.07 billion.

How this affects you: Cross River State government and residents are affected as the 2027 budget prioritises infrastructure, agriculture, healthcare, education and economic diversification without new loans.

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