By Harris Emanuel, Managing Editor.
Governor Bassey Otu of Cross River State proudly announced that his administration has successfully laid a solid foundation for a robust economy within just one year in office.
In a statewide address to the people, he reflected on the achievements in various sectors such as education, infrastructure, digital innovation, agriculture, health, and economic development.
The Governor emphasized the efforts made to revitalise the state’s economy, improve infrastructure, enhance security, promote agriculture, and strengthen healthcare services.
He also stressed the importance of continuity in governance and the necessity for sustainable development initiatives.
Governor Otu mentioned the successful recovery of state assets like Tinapa, Oban Palm Plantation, and Akamkpa Rubber Plantation, among others.
Furthermore, he highlighted efforts to enhance digital infrastructure for economic growth and governance efficiency.
To address energy security needs, the State government is actively bidding for the Odukpani Power Plant and seeking joint ownership of the UNIDO Power Plant in Obudu.
Governor Otu proudly stated, “The immediate impact of these innovations is the growth of IGR from N20.5 Billion in 2022 to N30.8 Billion in 2023, representing an increase of 50.24%.”
He continued, “The State’s IGR further increased by 60.6% or N22.6 Billion from June 2023 to N36 Billion in May 2024. Additionally, N16.3 Billion was recorded between January 2024 and May 2024, up from the initial N10.5 Billion during the same period in 2023, representing a 55% growth.”
Governor Otu’s address covered various sectors of the economy and acknowledged that Cross River State is currently ranked second only to Lagos State in the prospective advancement index, considering the State’s potential resources and organizational plans.
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