The projects, which span agriculture, renewable energy, transportation, manufacturing, healthcare, infrastructure and environmental sustainability
By Frank Ulom
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Published on August 2, 2026
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3 min read
The Cross River State Executive Council (ExCo) has approved sixteen major Public-Private Partnership (PPP) projects valued at over ₦70 billion and US$1.075 billion, marking one of the largest investment packages in the state’s history.
The projects, which span agriculture, renewable energy, transportation, manufacturing, healthcare, infrastructure and environmental sustainability, are expected to attract significant private-sector investment, create thousands of jobs and accelerate the state’s industrialisation agenda.
Speaking after the Executive Council meeting, Governor Bassey Otu described the approvals as a defining milestone in his administration’s efforts to reposition Cross River as a leading investment destination in Nigeria.
According to the governor, the projects represent carefully structured partnerships designed to stimulate industrial growth, expand the state’s revenue base and improve the quality of life of residents.
“We are deliberately building an economy that is driven by production rather than consumption,” Otu said. “Our vision is to transform Cross River into a competitive hub for agriculture, clean energy, manufacturing, logistics and the blue economy. These partnerships demonstrate growing investor confidence in the future we are building together.”
Among the approved projects are the Kereksuk Limited Rice Value Chain Development Project in Calabar, Odukpani and Ogoja; the Valuefronteira Limited Oil Palm Development Project in Yala; a 100-megawatt Solar Power Project by Tee Pama Limited across Calabar, Ikom and Ogoja; the Calabar Fishing Port and Fisheries Development Project; and the Odukpani Dairy, Livestock and Trawler Fishing Project.
The investment package also includes an electric vehicle manufacturing project, statewide Compressed Natural Gas (CNG) infrastructure, the State Transport Company PPP, the Creek Town Industrial Park, healthcare diagnostic centres, municipal waste management facilities, rehabilitation of the Adiabo Gas-Fired Power Plant, and a lithium battery assembly plant.
Also approved was a ₦60 billion investment by Living Curation Real Estate Limited for the redevelopment of the Obudu Cattle Ranch, Utanga Lodge and Bebi Airstrip.
Governor Otu said the projects were carefully selected for their potential to diversify the state’s economy, strengthen food security, encourage technology transfer and generate sustainable employment opportunities.
“Our young people deserve opportunities, not promises,” he said. “Every investment approved today is designed to generate employment, stimulate enterprise and create sustainable prosperity across our communities.”
To ensure effective implementation, the Executive Council approved a governance framework requiring Project Monitoring Committees to be established by all implementing Ministries, Departments and Agencies through the Bureau of Public-Private Partnerships. The committees will submit quarterly performance reports to the State PPP Council.
The governor stressed that transparency and accountability would remain central to the implementation process, noting that every concession and partnership must deliver measurable public value.
The Executive Council also authorised the Ministry of Justice to prepare, negotiate and conclude all project agreements, joint venture agreements, concession agreements and other legal instruments required for the execution of the projects.
Governor Otu reaffirmed that all transactions would be guided by the Cross River State Public-Private Partnership Law and aligned with international best practices to ensure investor confidence and protect the public interest.
The administration said the approvals form part of its broader economic strategy to leverage private-sector partnerships to drive sustainable development, positioning Cross River as a competitive destination for domestic and foreign investment while promoting innovation, industrialisation and inclusive economic growth.
