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Home » Business » Hosting AfSNET Summit’ll Attract Huge Economic Benefits to Cross River – Gov Otu

Hosting AfSNET Summit’ll Attract Huge Economic Benefits to Cross River – Gov Otu

September 21, 2025
in Business, Economy, News, Politics
Reading Time: 2 mins read

By Princewill Kingston

Hosting the African Sub-Sovereign Government Network (AfSNET) summit in Cross River state in which about 40 to 70 sub-sovereign leaders across Africa will converge with their business delegations, investors, and policy experts, would bring enormous economic benefits to the State, Governor Bassey Otu has stated.

PillarToday learnt that AfSNET Conference is Africa’s premier investment and policy platform for sub-sovereign governments, creating opportunities for states and regions to attract investors, strengthen partnerships, and share governance best practices.

Speaking to newsmen at the Margaret Ekpo International Airport, Calabar, upon his return from Algiers where the bid was secured, Governor Otu said the development would further put Cross Right State on the global spotlight.

“In terms of economic impact, it will be massive. We will be having between 40 to 70 sub-sovereign leaders here in Calabar. They are coming with their business people and they are coming with all their retinue of government officials. That I can tell you. After they’ve come and gone, this state will never be the same again,” he stated.

He reiterated that the conference would create opportunities for new trade partnerships, investments, and job creation, noting “hosting AfSNET means something very huge for our State,” and therefore called on citizens, businesses, and development partners to support the State government in ensuring a successful hosting.

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On how Cross River was able to secure the hosting right, the Governor said “This is nothing short of divine intervention. We put in a bid like other sub-nationals, but the respect Cross River has earned both within and outside Africa made the difference. It shows the world believes in us and our capacity to deliver.”

The Governor explained further that his administration was already upgrading infrastructure and hospitality facilities across the three senatorial districts to ensure the State meets global standards ahead of the event.

He emphasized that preparations would not be limited to Calabar but extended to iconic destinations like Obudu, ensuring all parts of the state benefit, adding, “This is about showcasing the entire state. When it comes to preparation, Cross River never takes second place. We will be ready.”

While linking the international recognition to his “People First” agenda, the Governor highlighted ongoing reforms in food security, energy, health, and youth empowerment through digital skills as part of the broader vision to position Cross River as a hub for sustainable investment.

Tags: AfSNET SummitGov Otu
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