Cross River Announces Tax Breaks for Investors

Cross River Announces Tax Breaks for Investors
Cross River Announces Tax Breaks for Investors

Cross River announces tax breaks for investors has announced tax breaks for investors ready to invest in the state. The Cross River state government recently revealed this at a a breakfast meeting with chief executive officers of companies and conglomerates in Lagos.

As part of efforts to entice investors as the state targets a 20% GDP growth from tourism and other sectors of the economy this year, the governor has promised investors who are ready to invest in the state certain incentives including tax breaks.

Cross River Announces Tax Breaks for Investors: More Details

Governor Otu of Cross River assured all the banks, manufacturers, and every other business willing to come to the state of numerous benefits with regard to great government policy, regulations, and favorable business environment. This move is coming ahead of the 2023 calabar carnival.

According to Mary Ephraim-Egbas, the CEO of Okhma Consul, which is the official marketing company of the Carnival Calabar, the carnival happens to be one of the principal assets of the state’s tourism initiative.

She continued that the governor and his team are fervent about the 2023 edition of the carnival.

Read tax break issues.

Governor Otu Entertains CEOs Ahead of Calabar Carnival

Ahead of the approaching Calabar Carnival, Governor Bassey Otu held a breakfast meeting with several CEOs of top companies on Friday, November 3, 2023, at the Wheatbaker Hotel in the Ikoyi area of Lagos State.

The governor arranged a breakfast meeting, during which he appreciated and acknowledged the significance of local content in improving the nation’s economy.

Also speaking at the event, Gabe Onah, who is the chairman of the Calabar Carnival, revealed the state’s plans to become Nigeria’s investment hub.

The Calabar Carnival occurs every December, but the first dry run was held on October 15, 2023, while the second dry run will occur on November 12, 2023.

The theme for this year’s edition is ‘Season of Sweetness’.

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