Home » Africa: Carnival Calabar: Cross River State Governor Otu Extends A Tax-Friendly Hand To Investors For A Tourism-Focused Business Boom

Africa: Carnival Calabar: Cross River State Governor Otu Extends A Tax-Friendly Hand To Investors For A Tourism-Focused Business Boom

by Atqnews23
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In a strategic move to bolster tourism and economic prospects, Cross River State Governor, Senator Bassey Edet Otu, played host to top global CEOs in Lagos, Nigeria’s economic hub.

According to senatorprinceotu.com, the breakfast meeting served as a platform for Governor Otu to extend a generous offer to potential investors, positioning the state as a tax haven for those willing to contribute to its growth.

Addressing the esteemed gathering, Governor Otu expressed gratitude for the CEOs’ confidence and support in his administration, emphasizing the value he places on their willingness to do business in Cross River State. He announced enticing incentives, including tax holidays and comprehensive support, for global investors eyeing opportunities in the state.

READ: Africa: Cross River Government to Invests N1 Million Each in 10 Calabar Hotels to Boost Carnival Calabar Tourism and Reopen Marina Cinema

“For all the banks, manufacturers, and businesses considering Cross River State, we assure you of great opportunities and a favorable business environment. Our commitment is to provide fantastic government policies, regulations, and the ideal conditions for your ventures to flourish,” assured the governor.

READ: Africa: Cross River Governor Otu Declares, 2023 Carnival Calabar Will Surpass All Carnival Records Globally

Governor Otu’s commitment to creating an enabling environment for businesses to thrive aligns with the state’s vision for sustainable economic growth. The offer of tax holidays is a strategic move to attract a diverse range of investments, with a particular focus on enhancing the tourism sector.

Mr. Gabe Onah, Chairman of the state’s carnival commission, echoed the state government’s dedication to fostering tourism growth. He called on investors to recognize Cross River State as the investment destination of choice, underscoring the untapped potential and opportunities for mutually beneficial partnerships.

As the state positions itself as a haven for global investors, the prospect of a flourishing tourism sector and a vibrant business landscape becomes increasingly promising. The breakfast meeting marks the beginning of a new chapter for Cross River State, where economic development and tourism take center stage, supported by the allure of tax-friendly policies.

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