Cross River State Governor, Senator Bassey Edet Otu, has announced the initiation of a monumental $5 billion green economy initiative, positioning the state as a pioneer sub-national entity in Nigeria to achieve a net-zero program. In an exclusive interview with journalists in Calabar, Governor Otu emphasized the pivotal role that sub-national entities play in driving economic growth, attracting investor interest, and fostering a robust green economy.
Reflecting on the state’s participation in the recent COP28 discussions in Dubai, Otu underscored the benefits of a green economy and unveiled a comprehensive roadmap for exploring various green initiatives. He expressed, “Our administration is dedicated to leading sub-nationals in transitioning towards a vibrant green economy, and in the imminent days, we will unveil strategic plans encompassing sectors such as e-mobility, reforestation, power, and biodiversity.”
The visionary leader outlined a formidable 5-Point Green Industrialisation Agenda for Cross River State, aiming to develop it into the Green Capital of Nigeria, kickstart a $5 billion Green Economy, achieve NETZERO status, become a model for green industrialization, and collaborate with the private sector across diverse sectors.
Governor Otu affirmed his commitment to providing a robust institutional framework to support the green initiative. He declared, “Under my leadership, the Cross River State government will establish the Cross River State Council on Climate Change to drive policy and framework for climate change action.” Additionally, he highlighted key upcoming steps, including the inauguration of the Green Economic Commission to lead the state’s efforts, the official launch of the dedicated Green Manufacturing Zone (GMZ), and collaboration with the state assembly to enact eco-friendly policies fostering investment in sustainable projects.
This strategic vision not only positions Cross River State as a trailblazer in green initiatives but also underscores the administration’s dedication to creating a conducive environment for sustainable development. With a focus on institutional support, policy implementation, and private sector collaboration, Governor Otu is paving the way for Cross River State to emerge as a beacon of green innovation and a driving force for positive environmental change in Nigeria.
Cross River State is known for one of the largest forest Basin in West Africa. The Affi Forest is home to tall and virgin forest which contributes so much to global climate regulation. However, the Governor Ayade’s Administration Destroyed the green project and our rain forest with illegal deforestation.
At VOTP news we are pleading with the Otu’s Administration to do everything Within it’s powers to ensure that deforestation of our rainforest is put to an end. Because the Government cannot be embarking on a $5 Billion project Building Green project and illegal deforestation continues.