Converseer
No Result
View All Result
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
    • Business
    • Education
    • Entertainment
    • Lifestyle
    • Science & Nature
    • Tourism
  • Trends
PRICING
SUBSCRIBE
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
    • Business
    • Education
    • Entertainment
    • Lifestyle
    • Science & Nature
    • Tourism
  • Trends
No Result
View All Result
Converseer
No Result
View All Result
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
  • Trends

Home » Business » AfDB Partnering Cross River to Become Business Hub in West Africa, Gulf of Guinea

AfDB Partnering Cross River to Become Business Hub in West Africa, Gulf of Guinea

April 10, 2025
in Business
Reading Time: 2 mins read
AfDB Partnering Cross River to Become Business Hub in West Africa, Gulf of Guinea

L-R: Deputy Governor of Cross River State, Rt. Hon. Peter Odey, Governor Bassey Otu, President, AfDB,  Dr. Akinwumi Adesina and his wife at the state banquet in Calabar.

By Anietie Akpan

Partnering African Development Bank (AfDB), Cross River will soon become a major business hub in West Africa and the Gulf of Guinea.

To actualise this, the bank relying on the state’s potentials,  Governor Bassey Otu’s action- driven and accountable leadership, is investing in the State’s Bakassi Deepseaport, health, agriculture and other projects.

Speaking at the state banquet organized in his honour on Wednesday, April 9, the President of the AfDB, Dr. Akinwumi Adesina, in a press release by the Chief Press Secretary to the Governor, Nsa Gill, noted that with what Governor Otu has done in partnership with Afrixem Bank for the Bakassi Deep Seaport project, Cross River State will soon be a very important logistics and industrial processing hub beyond Nigeria, covering the entire West Africa and the Gulf of Guinea.

Dr. Adesina outlined bold plans to support primary healthcare delivery in addition to the investments they are already promoting in the state with the launch of the Special Agro Processing Zone project (SAPZ).

Adesina expressed excitement over the launch of the SAPZ in Cross River, describing the project as “a game-changer for the state’s economy”.

He commended the leadership qualities of Governor Otu, noting that the Governor is indeed a “passionate, action-driven, and accountable leader, doing so much in infrastructure.”

He therefore pledged substantial investment support for Cross River State’s health and agriculture sectors.

On healthcare, he pledged to support the Governor’s efforts in the revitalization of primary health centres and the state health insurance initiative.

“We will help ensure that primary healthcare centres are not only revitalized but connected digitally to enable seamless access and portability of health records.”

He also advocated for the adoption of a sustainable franchise-based business model for healthcare delivery, designed to improve nationwide access and quality.

In his remarks, Governor Otu reaffirmed his administration’s focus on driving economic independence and reducing overdependence on federal allocations.

He outlined three strategic pillars: security, food security, and energy security, as central to unlocking sustainable development in the state.

Governor Otu revealed that several dormant state-owned assets are being recovered and revitalized, significantly improving investor confidence and making Cross River one of Nigeria’s most attractive investment destinations.

He also emphasized efforts to integrate Cross River into regional economic corridors with Cameroon and Equatorial Guinea while expanding agricultural productivity through large-scale cocoa, cassava, and other crops.

Reflecting on his recent annual vacation, he joked that he felt “younger and more energized,” ready to intensify efforts towards the state’s transformation.

Otu thanked his deputy governor and cabinet members for their stewardship in his absence and described the state’s progress as divinely inspired.

Former Minister of Culture and Tourism, High Chief Edem Duke, in his welcome address, celebrated the banquet as a convergence of visionary leadership,  describing Governor Otu as a “turbocharged” developer and lauded his commitment to infrastructure and economic growth.

Turning to Dr. Adesina, Duke called him, “Africa’s number one technocrat…Dr. Adesina is not just a leader—he is a divine pathfinder, illuminating Africa’s future,” hailing his landmark initiatives like the electronic wallet for farmers and his legacy of driving agricultural transformation across the continent.

He praised both leaders for their alignment in vision and their dedication to inclusive development.

RelatedNews

Fire razes SPAR Calabar Mall, destroys shops, goods
Business

Each SPAR Calabar Mall fire victim to get ₦25 million from FG

September 5, 2026
HBM Nigeria commissions high-capacity CNG station in Cross River State
Business

HBM Nigeria commissions high-capacity CNG station in Cross River State

September 2, 2026
IPMAN Eastern Zone Backs Obi, Rejects Parallel Leadership in C’River
Business

IPMAN Eastern Zone Backs Obi, Rejects Parallel Leadership in C’River

August 13, 2026
CBN removes affidavit for dormant accounts, tightens banking rules
Business

Nigerian Banks Remain Strong and Secure as Global Cyber Campaign Sweeps Across Sectors and Continents Nigerian

August 5, 2026
Cross River concessions Obudu Ranch Resort for 25 years
Business

Cross River concessions Obudu Ranch Resort for 25 years

July 25, 2026
Ohanaeze Ndigbo backs Otu’s inclusive leadership, sets 2027 election standard
Business

Igbo community decries illegal taxation, harassment in Cross River

July 23, 2026
Next Post

Djokovic beaten in Monte Carlo opening match; Alcaraz wins

Val Kilmer died from pneumonia. How do you prevent the respiratory infection?

Latest News

C’River-Born EFCC Assistant Commander Appointed Professor of Practice by Miva University

C’River-Born EFCC Assistant Commander Appointed Professor of Practice by Miva University

September 17, 2026
2,400 civil servants graduate in CIVTECH digital skills programme in Cross River

2,400 civil servants graduate in CIVTECH digital skills programme in Cross River

September 17, 2026
Police arrest 60 for allegedly assaulting officer in Calabar

Police arrest 60 for allegedly assaulting officer in Calabar

September 16, 2026
LIVE STREAM: Manchester United vs Brighton & Hove Albion | Carabao Cup

LIVE STREAM: Manchester United vs Brighton & Hove Albion | Carabao Cup

September 16, 2026
2 boats collide, kill 8 in Cross River State

2 boats collide, kill 8 in Cross River State

September 16, 2026

Topics

  • Latest News
  • Nigeria
  • Africa
  • Europe
  • Asia
  • Americas
  • United States

Social Media

  • WhatsApp
  • Facebook
  • X (Twitter)
  • YouTube
  • LinkedIn

Special Topics

  • Column
  • Bassey Otu
  • Bola Tinubu
  • Special Reports
  • Profile & Biography
  • Opinion
  • Latest News
  • About
  • Advertise
  • Contact
  • Daily Newsletter
  • Privacy Policy
  • Terms Of Use
  • Write For Us

© 2026 Converseer.

No Result
View All Result
  • About
  • Advertise
  • Contact
  • Daily Newsletter
  • Privacy Policy
  • Terms Of Use
  • Write For Us

© 2026 Converseer.