Cross River Governor Signs Pact For €2.5bn Private Sector Investments

Cross River State governor, Senator Bassey Otu, has signed pacts for foreign direct investments of over €2.5bn with private firms to make life meaningful for people of the state.

The pacts are part of the first set of private sector investments being attracted to the state.

The investments include €1.2bn urban waste management, €700m Calabar water treatment management and recirculation as well as the €20m intra-city public transportation using compressed natural gas-enabled vehicles.

Others are the N10bn ICT skills development hub in Obanliku and N500m cassava cultivation and processing factories in Odukpani.

After the signing ceremony which took place at the office of the Secretary to the State Government, Prof. Anthony Owan Enoh yesterday, the chairman, State Policy Advisory Council (SPAC) , High Chief Eyo Etim Nyong, assured the investors of the state government’s willingness to provide a friendly atmosphere  for investment.

He solicited  more percentage of employment opportunities for youths in the state, stressing that  as corporate organisations, they owe the state some corporate social responsibilities.

The council also signed a memorandum of understanding with an investment consulting group, Zedo Haytch Group from the United Arab Emirates to market the states’ investment opportunities in the Middle East.