Cross River State Governor Bassey Otu shares investment roadmap
The Governor of Cross River State, Bassey Otu says the sub-national is keen on a multi-sectoral approach in driving value addition and attracting investments into priority area. In an exclusive chat with CNBC Africa on the sidelines of the Cross River International Cooperation & Investment Summit, he says talks with investors have been robust with some prospects in sight.
Thu, 31 Aug 2023 14:45:47 GMT
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AI Generated Summary
- The Governor of Cross River State, Bassey Otu, is implementing a multi-sectoral approach to enhance value addition and attract investments into priority areas within the state.
- Key initiatives include focusing on the agricultural sector, establishing a conservation hub, developing transportation infrastructure such as a rail line, and optimizing existing projects.
- Private investors have shown readiness to partner with the state government, signaling a positive outlook for collaboration and economic growth.
Cross River State Governor Bassey Otu is spearheading a multifaceted approach to drive value addition and attract investments into priority areas within the state. In an exclusive interview with CNBC Africa during the Cross River International Cooperation & Investment Summit, Governor Otu highlighted the urgency of addressing challenges across various sectors and the importance of leveraging investments to facilitate growth. Emphasizing the need for cooperation and interdependence in a globalized world, Governor Otu outlined key initiatives aimed at transforming Cross River State's economic landscape. One of the central focuses of the government is the agricultural sector, with plans to establish a nursery for 3.5 million trees and designate Kosovo City as a conservation hub. Additionally, the state is working on a rail line to enhance connectivity from the south to the north, while also prioritizing the completion and optimization of existing infrastructure projects. Governor Otu's vision encompasses revitalizing the economy through strategic partnerships and innovative solutions. Transportation infrastructure has been identified as a critical bottleneck to development, with discussions underway to improve air travel accessibility. Plans to introduce a new airline service demonstrate the state's commitment to overcoming logistical challenges. Despite the current rainy season affecting road conditions, Governor Otu assured that repairs and maintenance efforts are underway to enhance connectivity. Private investors have shown keen interest in collaborating with Cross River State, signaling a positive outlook for future partnerships. Governor Otu expressed satisfaction with the enthusiastic response from investors and pledged to expedite the implementation of agreements reached during the summit. Tax incentives and streamlined processes are being considered to encourage both local and foreign investments, with a focus on fostering a conducive business environment. By aligning policies with the needs of investors and promoting sustainable growth, Cross River State aims to position itself as a premier investment destination. Governor Otu's proactive leadership and commitment to economic transformation signal a promising future for the state's development.
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