According to the state administration, foreign investors would contribute €1.2 billion to the management of urban garbage in Cross River.
This amount is a portion of the €2.5 billion in total foreign direct investment, or FDI, that Gov. Bassey Otu’s government has attracted.
Otu revealed that his administration was committed to restoring the green and clean status of the state’s capital city and, in fact, the entire state, during a press conference held in his office the previous week.
Up until this point, the state had just one flimsy vehicle that it used to transport rubbish across the city, and it kept breaking down.
Mountains of trash were visible around the state for a number of reasons, one of which being this.
Effiok Etekamba, a public analyst, stated that it is quite possible that waste management will involve building a new dump site because the only one, the Lemna dump site, has grown and become hazardous to the health of community people.
In a statement, the governor’s chief press secretary, Emmanuel Ogbeche, said that the €2.5 billion FDI is a clear illustration of his platform and is ready to provide the populace with a “Season of Sweetness.”
The first group of private sector investors being drawn to the state, according to him, includes the pacts.
The treatment, administration, and recirculation of Calabar’s water, as well as the city’s intra-city public transit system, totaling €20 million, are both private sector initiatives.
Other ones are the N10 billion ICT skills development centre in Obanliku and the N500 million hub for cassava farming and processing in Odukpani.
After the signing ceremony, Prof. Eyo Etim Nyong, the chairman of the State Policy Advisory Council (SPAC), informed the investors that the current administration was prepared to create an environment that was favourable for investment.
He said that Cross-Riversians should have more job options, and he added that as business entities, they owe the state some corporate social obligations to support other social services.
In keeping with the Otu-led administration’s motto of “people first,” Nyong said that SPAC will continue to provide recommendations on all initiatives, policies, and programmes that would have a significant influence on the citizens as part of its duties.