• Tuesday, December 05, 2023
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‘Infrastructure development in C/River attracting investments’


 The increasing investments in Cross River State, especially by multinational companies, have been attributed to quality infrastructure being built by the Governor Liyel Imoke administration. This is coupled with the administration’s investment-friendly policies, anchored on a seven-point development agenda through grassroots transformation.

Some of the high profile investments in the state, especially in Calabar, the capital, came from multinational companies, such as General Electric (GE), the American energy conglomerate, which is building a large energy plant at the Calabar Free Trade Zone (CFTZ); Wilmer International, a Singaporean agric firm, which recently inaugurated an ultra modern oil palm plantation estate on a 50,000-hectare of land, with capacity to employ over 20,000 workers, said to be equivalent to Cross River’s civil service workforce.

Christian Ita, the chief press secretary and special assistant (media) to Governor Imoke, said this while receiving a BusinessDay team in South-South/ South-East.

Ita listed some of the infrastructure to include tens of urban roads in the Calabar metropolis; recently commissioned 200 housing units for civil servants at Akpabuyo, near Calabar, which is the first since the Jacob Esuene era of 1967 – 1976; electrification of 130 rural communities; ongoing construction of the Calabar International Convention Centre (CICC); the Tinapa Knowledge City (TKC) project.