South-south states mull regional economic bloc
The governors identified regional rail development, the rehabilitation and modernisation of the Calabar, Port Harcourt and Warri seaports, and the economic opportunities presented by the Lagos-Calabar Coastal Highway as key pillars of the proposed regional economic integration. Governors of the South-South region have gathered to discuss ways to position the region as a strong economic […] The…
Southeastern governors are considering forming a regional economic bloc, focusing on infrastructure, maritime development, and industrialisation to boost the area's economic influence. During a meeting in Calabar, the Cross River State capital, the governors discussed regional rail expansion, seaport modernisation, and the economic potential of the Lagos-Calabar Coastal Highway.
They pledged full support for President Bola Ahmed Tinubu's re-election and a 100 per cent commitment to his campaign for fiscal equity, particularly in Value Added Tax, oil and gas revenues, and the 13 per cent derivation benchmark. The governors also agreed to establish a regional investment fund and institutionalise the forum with quarterly meetings, starting with a November 6-8 gathering in Uyo, Akwa Ibom State.
The emerging agenda represents a shift from state-centric development to a coordinated economic strategy, with a focus on security and environmental sustainability.
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