Governor Bassey Otu has unveiled his administration’s strategy to alleviate the high costs of food items and transportation in Cross River State by reducing cost to 40%.
Speaking at the UJ Esuene Stadium in Calabar during the Independence Anniversary celebration, Governor Otu announced plans to achieve a minimum 40% reduction in transportation costs in the coming months, which is expected to lead to lower food prices.
He revealed that the state government, in collaboration with the federal government, will build CNG vehicle conversion facilities and refueling stations throughout the state. Once these facilities become operational, they will assist commercial transport operators in transitioning their vehicles from petrol to CNG, further reducing transportation costs. The state also anticipates the arrival of CNG-powered vehicles and tricycles for commercial use, which will reduce transportation costs and subsequently impact food prices in the state.
Governor Otu urged Nigerians to recognise the significant progress made in the country despite ongoing economic challenges and emphasised the importance of unity, consensus-building, and comprehensive development across all governance sectors during his administration. “Efforts are currently underway to nurture a generation of selfless politicians committed to the prosperity and unity of the state,” he added.
He defended the economic reforms implemented by the federal government, asserting that the current hardships faced by citizens were unintentional and that measures are being put in place to alleviate the hardship. Various initiatives within the state, such as investments in agriculture, the lifting of employment restrictions, and infrastructure development, aim to enhance the state’s economy and overall well-being.
He maintained Cross River State’s commitment to establishing a robust foundation for growth through the development of road, rail, and seaport infrastructure. Additional measures, such as supporting small and medium-scale enterprises, enhancing security, and providing fiscal interventions, underscore the administration’s commitment to fostering an environment conducive to investment.