Otu Signs N104bn Supplementary Budget into Law

Cross River State Governor Bassey Otu has signed into law the State Supplementary Appropriation Bill 2025, which will pump an additional ₦104 billion into the state’s budget and raise the total 2025 fiscal outlay from ₦538 billion to ₦642 billion.

Signing the budget at the State Executive Chambers, Governor’s Office, Calabar, Otu described the supplementary budget as “a strategic and deliberate intervention” to respond to shifting macroeconomic realities and seize new investment opportunities in critical sectors.

He stated that the new allocation would be deployed to fast-track the completion of key infrastructure projects, enhance agricultural value chains, strengthen healthcare and education, bolster security, and drive job creation through targeted investments.

In his words, Otu said, “This supplementary appropriation will reposition our state for accelerated growth.

“Every kobo will be spent prudently for the benefit of all Cross Riverians,” the governor assured, and lauded the State House of Assembly lawmakers for the bill’s speedy passage.

Gov Otu also assented to three other laws, including the Cross River State Counterpart Funds (Amendment) Law 2025, which updates donor fund management structures.

Another law the governor assented to is the Cross River State Roads Funds Law 2025, establishing a dedicated fund for rural and semi-urban road development.

The third law concerns the Cross River State Electricity Law 2025, which provides a legal framework for state-level power generation and distribution following constitutional amendments.

In his remarks, Speaker of Cross River House, Rt. Hon. Elvert Ayambem stated that the supplementary budget aligns with constitutional provisions and targets priority sectors across administration, economic growth, healthcare, justice, regional integration, and social services.

Ayambem averred that the governor’s fiscal discipline and pledged continued legislative support to drive the administration’s vision.