Cross River govt secures $15million oil palm investment

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The governor said this when he spoke in Calabar at a media briefing on Friday to mark his 100 days in office.

Governor Bassey Otu of Cross River State says his administration has secured a private sector investment of $15 million for the Ayip Eku Oil Palm Estate in Akamkpa Local Government Area of the state.

He said his administration plans to leverage the state’s comparative advantage in agriculture to provide the needed employment opportunities and also to guarantee food security. He said that 100 hectares of cassava would be cultivated within the next year while the government had commenced planting 3.5 million hybrid oil palm seedlings in 13 locations across the state.

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