Covid-19: Cross River slashes 2020 budget from N1.1tr to N147.1bn

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Covid-19: Cross River slashes 2020 budget from N1.1tr to N147.1bn
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The Cross River government says the downward review of the 2020 Budget became necessary due to the effect of COVID-19 pandemic.

) pandemic which made the over N1 trillion naira proposed earlier by the government unrealistic.

“We have forwarded a reviewed budget of N147, 130, 166, 966 to the State Assembly for deliberations,” Mr Ekpenyong said. Also speaking, the Chairman of the state Internal Revenue Service , Okpanke Ogar, said Governor Ben Ayade had approved some incentives for individual taxpayers and businesses in the state.

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