Category: Economy
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Bakassi LGA Cannot Be Delisted from Cross River, Gov Otu Tells Agitators
By Magnus Effiong Governor Bassey Otu has rejected agitations from a group, Indigenous Displaced People of Bakassi Communities (IDPBC), which penultimate week, wrote to President Bola Tinubu demanding that Bakassi local government area be delisted from among the 18 local government areas in Cross River state. Governor Otu said the agitators may have been dissidents…
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Otu Out to Reactivate Songhai Farms, Starch-Making Plant, Others
Gov. Bassey Otu. By Anietie Akpan The long abandoned Songhai Farm in Itigidi, Abi Local Government Area (LGA), the Starch-making plant in Ochon, Obubra LGA and others in Cross River State will soon be reactivated. This is consistent with Governor Bassey Otu’s effort to consolidate on his administration’s policy on developing and revitalizing the agricultural…
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Approval of N758bn Pension Backlog Reflects Tinubu’s Commitment to Senior Citizens’ Welfare -TMSG
President Bola Tinubu. By Dianabasi Effiong The Tinubu Media Support Group (TMSG) has commended President Bola Tinubu’s approval of a N758bn bond to offset outstanding pension liabilities for retired federal civil servants. According to the group, the approval is also proof of President Tinubu’s sense of care and compassion for people. It is a practical…
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Gov. Otu Flaunts High IGR as 2024 Take Home Hits N46 billion
By Anietie Akpan The Cross River State Internally Generated Revenue (IGR) has hit an all time high of N46 billion. Flaunting this high performance, the State Governor, Senator Bassey Otu disclosed that with commitment and good strategy put in place, his administration has significantly boosted the state’s IGR . While the inaugurating the newly renovated…
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UAE Firm Takes 80 Percent of Bakassi Deep Seaport Shareholding
By Anietie Akpan In a significant step towards realizing the Bakassi Deep Seaport project, the Cross River State Executive Council (EXCO) has ratified the shareholders’ agreement governing the port’s ownership and operations. Under the agreement, Arise IPP Ltd; the United Arab Emirate (UAE) based firm will acquire 80 percent stake in the project, while…
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Governor Otu Ushers in New Golden Age of Cultural Development for Cross River
By Effiong Bassey Edem The growing popularity of the Carnival Calabar, Africa’s biggest street party, is not in doubt. This was once more underlined by the successful conclusion of the 2024 street parade themed “Our Shared Prosperity,” organized by our Sweet Prince, His Excellency, Senator Prince Bassey Edet Otu, which attracted over 3,000,000 spectators and…
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Nigeria’s Digital Economy Achieves Historic Milestone With N1.07 Quadrillion in e-Transactions – Group
By Dianabasi Effiong Nigeria has achieved a monumental economic landscape through the nation’s electronic payment transactions, having reached an unprecedented N1.07 quadrillion in 2024. This marks a 79 per cent increase from the N600 trillion recorded in 2023, the Tinubu Stakeholders Forum (TSF) said in a statement. The statement was issued by the TSF Chairman,…
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Nigeria is Undergoing Very Serious Restructuring; Gov. Otu
Gov. bassey Otu. By Anietie Akpan The Vice Chairman of the South-South Governors’ Forum and Governor of Cross River State, Senator Bassey Otu, has disclosed that “Nigeria is undergoing a very serious restructuring”. He said the restructuring is being done “economically and, in particular, in its fiscal responsibility” and the South-South region will align with…
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Gov Otu’s Wife Kicks Off Empowerment for 320 Farmers to Boost Food Security
By Our Reporter The wife of the Governor of Cross River State, and coordinator of the Renewed Hope Initiative Agricultural Support programme in the State, Bishop (Dr) Eyoanwan Otu, has kicked off the empowerment of 320 farmers and 30 schools across the State in an effort to boost food security. The Renewed Hope Initiative Agricultural…
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Nkot Mbok: TCRG Commends Gov Otu Over Proactive Security Approach.
…Says Move in the Best Interest of C’River By Our Reporter The initiator of the Think Cross River Group( TCRG), Edem Darlington has commended the Cross River State Governor, Senator Bassey Otu, for his security approach and modern policing initiatives in the State. Mr. Darlington,who said this while speaking with Journalists in Calabar the state…