The Cross River State Government has unveiled a historic Public-Private Partnership (PPP) investment package valued at over N70 billion and US$1.075 billion, following the approval of 16 transformative projects by the State Executive Council (ExCo).

The landmark approvals, spanning agriculture, renewable energy, transportation, manufacturing, healthcare, infrastructure and environmental sustainability, reinforce the Otu administration’s determination to accelerate industrialisation, attract private capital, create thousands of jobs and position Cross River as one of Nigeria’s most competitive investment destinations.

Approving the projects during the Executive Council meeting, GovernorBassey Otu said the ratification marked “another defining moment in our determination to reposition Cross River as Nigeria’s foremost investment destination.”

He declared that the projects were not mere proposals on paper but carefully structured partnerships that would unlock jobs, stimulate industrial growth, expand the state’s revenue base, and improve the quality of people’s lives. The governor stressed that his administration remained committed to creating “an enabling environment where private capital can thrive while delivering measurable value to the citizens of Cross River State.”

The approved projects span agriculture, renewable energy, transportation, manufacturing, healthcare, infrastructure, and environmental sustainability. They include the Kereksuk Limited Rice Value Chain Development Project in Calabar, Odukpani and Ogoja; the Valuefronteira Limited Oil Palm Development Project in Yala; the 100MW Solar Power Project by
Tee Pama Limited across Calabar, Ikom and Ogoja; the Calabar Fishing Port and Fisheries Development Project; the Odukpani Dairy, Livestock and Trawler Fishing Project; electric vehicle manufacturing; statewide Compressed Natural Gas (CNG) infrastructure; the State Transport Company PPP; Creek Town Industrial Park; healthcare diagnostic centres; Municipal waste management facilities; the investment in Obudu cattle ranch, Utanga Lodge and Bebi Airstrip by Living Curation Real Estate Limited; the rehabilitation of the Adiabo Gas-Fired Power Plant; and a lithium battery assembly plant.

Otu described the investments as the cornerstone of his administration’s industrialisation agenda, noting that every project had been selected for its capacity to deepen economic diversification and attract long-term private capital.

“We are deliberately building an economy that is driven by production rather than consumption,” he said. “Our vision is to transform Cross River into a competitive hub for agriculture, clean energy, manufacturing, logistics and the blue economy. These partnerships demonstrate growing investor confidence in the future we are building together.”

The governor further explained that the projects would create thousands of direct and indirect jobs, strengthen food security, and boost Internally Generated Revenue (IGR). “Our young people deserve opportunities, not promises,” Otu stated. “Every investment approved today is designed to generate employment, stimulate enterprise, encourage technology transfer and create sustainable prosperity across our communities. This is inclusive development in action.”