Home Business Carnival Calabar: Gov Otu Promises Investors Tax Heaven

Carnival Calabar: Gov Otu Promises Investors Tax Heaven


Cross River State Governor, Prince Bassey Otu (4th R) Seagull Carnival Band Leader, Dame Princes Florence Ita-Giwa (3rd R), Bayside carnival Band Leader, Her Excellency, Mrs, Onari Duke (5th L) flanked by MDs and CEOs of organizations during the 2023 Carnival Calabar Breakfast Round Table with CEOs in Wheat Baker Hotel, Lagos

Cross River State Governor, Senator Bassey Edet Otu, has offered global investors willing to invest in the state of a tax haven.

Chief Press Secretary to the Governor, Emmanuel Ogbeche in a press release made available to some newsmen on November 3, said Otu made the commitment when he hosted top global CEOs in Lagos, Nigeria’s economic capital, at a breakfast meeting aimed at enhancing the tourism fortunes of the state. 

“Your presence here speaks volume of your confidence and support for my administration. I don’t take that for granted at all. For those of you willing to do business in Cross River State, we assure you of every incentive and support to do business including tax holidays and lots more.

“For all the banks, manufacturers, and every other businesses willing to come to our state, we assure you of great opportunities to make good fortunes in terms of fantastic government policy, regulations and conducive business environment,” the governor assured.

Governor Otu expressed his administration’s determination to create an enabling environment for all businesses to thrive.

Earlier, chairman of the state’s carnival commission, Mr. Gabe Onah, expressed the state government’s willingness to grow the tourism sector, calling on investors to see the state as an investment destination of choice . 


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