C’River: We’ve reduced domestic debt by N70bn -Gov. Otu
Cross River State governor, Senator Bassey Otu, on Saturday, presented his administration’s record of debt reduction, asset recovery, infrastructure renewal and public service reforms as evidence of progress under the People First Agenda, declaring that a second term would propel the state from economic recovery to wealth creation and shared prosperity. Otu made the […]
Cross River State's Governor, Senator Bassey Otu, announced on Saturday that his administration has successfully cut the state's domestic debt by over N70 billion, without incurring new loans. In his inauguration speech at Calabar, Otu outlined the administration's focus on economic recovery and shared prosperity over the next term.
The governor also credited increased internally generated revenue and financial discipline for this achievement. Otu highlighted the recovery of strategic public assets, including the reclamation of Tinapa and the recovery of nearly N1 billion from Etung Cocoa Estates. He urged party leaders to communicate these accomplishments to voters, emphasizing that continuity is crucial to building on the foundation of sustainable development already established.
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