The Cross River State Governor, Sen. Prince Bassey Otu has today inaugurated the State Economic Management Team (EMT), at the Government House, Calabar.
Read below some notable takeaways from Governor Bassey Otu’s address on the inauguration of the State Economic Management Team of the State.
Inauguration of the State Economic Management Team: Governor Sen. (Prince) Bassey Edet Otu emphasized the significance of establishing the State Economic Management Team (EMT) on April 22, 2024, as an important step towards driving economic growth and improving the standard of living for the people of Cross River State.
People-Oriented Goals: Governor Otu expressed his commitment to ensuring that every Cross Riverian can feed themselves, access healthcare, enjoy basic amenities such as water and electricity, travel on well-maintained roads, and have the opportunity for economic empowerment to create wealth.
Strategic Role of the EMT: The EMT is tasked with strategically assessing the dynamics of economic growth in the state and employing effective tools to achieve tangible results for the benefit of all citizens. They are expected to critically evaluate economic models before proposing them for implementation, ensuring they align with the state’s unique characteristics.
Alignment with Federal Economic Policies: Governor Otu highlighted the importance of aligning with the overall economic direction of the Federal Government and leveraging the goodwill enjoyed by the state administration in Abuja. The EMT is urged to establish strong linkage with federal policies and initiatives to maximize benefits for Cross River State.
Focus on the Informal Sector and SMEs: Governor Otu emphasized the vital role of the informal sector, particularly Small and Medium Scale Enterprises (SMEs), in driving the state’s Gross Domestic Product (GDP). The EMT is charged with harnessing the potentials of the informal sector and integrating them into the state’s economic blueprint.
Call to Action: Governor Otu charged the EMT with improving the economic fortunes of Cross River State and its citizens, stressing the importance of hard work, selflessness, accountability, inclusivity, and delivering measurable outcomes. He called for support from the citizenry to enable the EMT to succeed in its mandate.
People-Centric Governance: Governor Otu reiterated the administration’s commitment to prioritizing the welfare of the people in every decision and action, emphasizing that government exists for the people.
Inauguration of the EMT: Governor Otu officially inaugurated the Economic Management Team and wished them success in their assignment.
These points summarize Governor Otu’s address on the occasion of the constitution of the State Economic Management Team, outlining the vision, goals, and expectations for driving economic development in Cross River State.
