The Mayor of Calabar, Hon. Effefiong Nta Eke has presented the 2021 budget to the Council’s Legislature.
He made the presentation today at the hallowed chamber of the legislative arm of Calabar Municipality.
The budget which is christened “THE NEW FACE AGENDA”, has the gross components of administering peace, creating a stable and resourceful community where industry, commerce and tourism thrives.
The Budget size is pegged at Nine billion, nine hundred and fifty nine million, six hundred and four thousand, eight hundred naira only (N9,959,604,800.00)
Fourty three percent of the budget is earmarked for capital projects and fifty seven percent for recurrent expenditure.
The budget is designed to deliver a welfarist formation where unemployment will be reduced to the barest minimum by the creation of an accommodating economic environment for local businesses to operate, a reduction in crime and promotion of manpower development.
The Mayor redefines his policies and programs gearing towards repositioning the aesthetics and economic architecture of the first Capital “metropolitan” city of Nigeria, hence the need to rebrand and propagate a futuristic disposition and a historic view to the expected ultimate eldorado.