CALABAR CARNIVAL: Gov. Otu Woos Foreign Investors With Holiday Tax

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

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 noted.

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 .