The Cross River government has secured a private sector investment of $15 million for the Ayip Eku Oil Palm Estate in Akamkpa Local Government Area of the state, Gov. Bassey Otu said.

The governor, who came to office in May, said the state plans to leverage on the state’s comparative advantage in agriculture to provide the needed employment opportunities and also to guarantee food security.

The state has developed a six-year N30 billion agriculture guarantee fund for rice, maize, fisheries and livestock farmers, he told journalists Friday in the capital Calabar to mark his 100 days in office.

He did not give say who the investors are. Ayip Eku was set up as a federal company in 1979 but has struggled for years as ownership changed.

Rich but poor
Cross River has reserves of limestone and https://pluboard.com/2023/09/09/nation/cross-river-says-it-secured-15m-oil-palm-investment/