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Governor Bassey Otu Drives Recovery in Cross River State

This Day·
Governor Bassey Otu Drives Recovery in Cross River State

Cross River State is at a critical juncture, having faced economic challenges due to the cession of the Bakassi Peninsula and loss of oil revenues. Governor Bassey Otu, who took office in May 2023, inherited a domestic debt exceeding N204 billion.

His administration has focused on fiscal recovery, reducing the debt by over N70 billion to approximately N132.3 billion by March 2026 without new borrowing. Internally generated revenue increased from N21.1 billion in 2022 to N46.3 billion in 2024.

Otu's government has reclaimed strategic assets, including Tinapa from AMCON, and is working to restore oil-producing status. Infrastructure improvements include road reconstruction across three senatorial districts, educational initiatives like WAEC fee payments for students, and health upgrades.

Agriculture programs have supported farmers with resources, while social investments have begun reaching vulnerable populations. The Cross River State House of Assembly has endorsed Otu for a second term, recognizing his legislative productivity and policy delivery.

Plus234Feed summary based on reporting from This Day.

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