Nigeria at 64: CRSCF Lauds President Tinubu’s Economic Reforms and Governor Otu’s Developmental Strides

As Nigeria marks its 64th Independence Day celebration today, a foremost group “Cross River South Consultative Forum” has Congratulated President Tinubu and Governor Otu on their Remarkable Achievements during their time in office. This was contained in a Press Statement by the organization.

 

The Statement Reads;

 

PRESS RELEASE

Nigeria’s 64th Independence Day Celebration: Cross River South Consultative Forum Congratulates President Tinubu and Governor Otu on their Remarkable Achievements

On this historic occasion of Nigeria’s 64th Independence Day, the Cross River South Consultative Forum (CRSCF) extends heartfelt congratulations to the President of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu, and the Governor of Cross River State, His Excellency Bassey Edet Otu. Their visionary leadership and transformative policies have undoubtedly propelled Nigeria and Cross River towards a path of prosperity and development.

President Tinubu’s administration has, within a short time, implemented far-reaching reforms that have significantly impacted Nigeria’s fiscal and economic landscape. His administration has doubled aggregate government revenues to over 9.1 trillion Naira and reduced the debt service burden from 97% to 68%, freeing up resources for critical national projects. The resurgence of Nigeria’s oil and gas sector, with oil production now at 1.61 million barrels per day, is a testament to the President’s efforts to revitalize the economy. Furthermore, the launch of the Compressed Natural Gas (CNG) Initiative and distribution of one million conversion kits to commercial vehicles have drastically reduced transportation costs by approximately 60%.

In the education sector, the establishment of the student loan scheme and allocation of N50 billion to support students’ financial needs exemplifies President Tinubu’s commitment to empowering the youth. The administration’s economic policies, including the launch of the Nigerian Youth Academy (NIYA) and the National Youth Talent Export Programme (NATEP), have created unprecedented opportunities for the nation’s youth, positioning Nigeria for future growth and competitiveness.

In Cross River State, Governor Otu has demonstrated exemplary leadership in transforming the socio-economic fabric of the state. His administration’s decision to release N10 billion to offset outstanding gratuities and pensions has brought much-needed relief to retirees, showcasing his commitment to the welfare of state workers and pensioners. Additionally, the ongoing recruitment into the state civil service is a bold step towards tackling unemployment, creating opportunities for the youth, and strengthening governance in Cross River State.

Governor Otu has also revolutionized agriculture with the inauguration of a 50,000-hectare large-scale rice farming initiative, aiming to enhance food security and boost the state’s economy. The dualization of critical roads such as the Zone 6 NNPC and Tank Farm Road in Calabar, along with the ongoing asphalt resurfacing of metropolitan roads, reflects his administration’s focus on infrastructure renewal.

Governor Otu’s drive for economic revival is further evidenced by the $3.5 billion funding secured for key infrastructure projects such as the Bakassi Deep Seaport and Superhighway, which will transform Cross River into a hub of economic activity and development. His commitment to food security and job creation through the procurement of 108 units of three-wheel agricultural tractors is expected to generate 1,080 direct jobs.

On this momentous Independence Day, the Cross River South Consultative Forum salutes President Tinubu and Governor Otu for their visionary leadership and transformative achievements. We are confident that under their stewardship, both Nigeria and Cross River State will continue to witness unprecedented growth, development, and prosperity.

As we celebrate 64 years of independence, we remain hopeful that the future holds even greater promises for our beloved nation and state.

Signed:

Hon. Eyo Nsa Ekpo, Esq
Sir Maurice Effiwatt
Prof Emmanuel Eyo, Esq.
Apostle (Hon) James Anam
Ntufam (Hon) Victor Okon
Hon. (Mrs) Ada Charles Egwu
Hon. (Chief) Ani Esin
Hon Joseph Etene, Esq
Hon (Mrs) Abigail Duke
Barr. Bassey Mensah
Chief Felix Idem
Prince Edwin Okon
Ntufam (Hon) Okon Owuna
Hon Charles Atu

Cross River South Consultative Forum (CRSCF)
Date: 1st October 2024
Calabar, Cross River State, Nigeria