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Home » Business » Governor Otu launches Retiree Entrepreneurship Development Initiative in Cross River

Governor Otu launches Retiree Entrepreneurship Development Initiative in Cross River

January 29, 2025
in Business, Politics
Reading Time: 2 mins read

CALABAR – In a bold move to enhance the welfare of civil servants after retirement, Governor Bassey Edet Otu of Cross River State has launched the Retiree Entrepreneurship Development Initiative (REDI).

The programme, introduced in collaboration with the Cross River State Medium Micro-Enterprise Development Agency (MEDA) and other strategic partners, aims to equip retiring and recently retired civil servants with entrepreneurial skills and resources for economic independence.

The REDI initiative underscores Governor Otu’s commitment to addressing post-retirement challenges by providing a structured platform for retirees to transition seamlessly into entrepreneurship.

Through targeted training in leadership, capacity building, and skill acquisition, the programme prepares civil servants within three years of retirement and those who retired within the past three years to manage and sustain their own businesses successfully.

Speaking at the launch, the Director General of MEDA, Great Ogban, highlighted the transformative impact of the initiative, stating:

“REDI is about empowering our senior citizens to embrace new opportunities and lead fulfilling lives after their years of service. By equipping them with entrepreneurial skills and resources, we aim to reduce post-retirement poverty and create a thriving ecosystem of self-reliant retirees.”

The Head of Service, Obol Innocent Eteng, commended Governor Otu’s vision, describing REDI as a direct reflection of his commitment to the well-being of Cross Riverians.

“REDI ensures our retirees transition into a dignified and prosperous retirement. This initiative embodies Governor Otu’s philosophy of putting people first and prioritising their well-being,” Eteng remarked.

Governor Otu’s administration has been proactive in improving civil service welfare. Notable interventions include the allocation of ₦10 billion to clear outstanding gratuities, implementation of long-overdue promotions for state and local government workers, and salary increases to align with the national minimum wage. The introduction of REDI further strengthens these efforts, reaffirming the government’s resolve to support civil servants during and after their service years.

The REDI launch event was attended by key government officials, including Elder Obeten Obeten Enang, Director of Administration in the Head of Service Office; Martin Unoh, Director of Accounts in the Head of Service Office; and Enwongo-Abasi Okon, General Manager of MEDA.

Stakeholders have widely praised the initiative, recognising it as a proactive solution to the economic challenges faced by retirees. By promoting financial self-reliance among retirees, REDI not only addresses immediate post-retirement concerns but also contributes to the state’s broader economic development.

Governor Otu’s vision extends beyond short-term interventions, as REDI represents a long-term strategy to celebrate and support civil servants both during and after their careers. The initiative sets a new standard in public service welfare in Cross River State, redefining retirement as a phase of renewed productivity and financial stability.

Tags: Bassey OtuCross River

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