News, Politics

Otu Links Revenue Growth to IGR Reforms, Sets Sight on Self-Sustaining Cross River

Published by Samuel Ayomide on March 22nd, 2026.

Cross River State Governor, Senator Bassey Otu, has credited recent improvements in the state’s finances to deliberate efforts aimed at blocking leakages in Internally Generated Revenue (IGR), expressing confidence that the state is on track toward financial independence.

Speaking during a courtesy visit by a delegation of Vanguard editors in Calabar, where he was formally notified of a Good Governance Award, the governor explained that prudent resource management has played a central role in stabilising the state’s finances despite limited federal allocations.

According to The Guardian Nigeria, Otu noted that his administration has prioritised plugging revenue gaps, a move he admitted has unsettled certain vested interests. “We have taken firm steps to ensure that all revenue due to the state is properly accounted for. Naturally, not everyone is pleased with these reforms, but governance must be driven by the greater good,” he said.

Drawing from his background in banking and agriculture, the governor emphasised the importance of discipline and efficiency in public finance. He maintained that his leadership approach remains focused on inclusive development rather than catering to a privileged few.

Otu stressed that governance must reflect the needs of all segments of society, warning that neglecting vulnerable populations could undermine broader stability. Daily Times reports that he highlighted the administration’s strategy of balancing social investment across different income groups as a means of sustaining peace and economic growth.

The governor also pointed to ongoing efforts to strengthen sectors such as food production, energy, and security, describing the state’s economic model as integrated and forward-looking. He expressed optimism that, once current legal disputes affecting certain revenue streams are resolved, Cross River would significantly reduce its dependence on federal allocations.

“We are laying the groundwork for a system where the state can stand on its own. With the reforms already in place, we believe Cross River will soon become one of the most economically resilient states in the country,” he added, as cited by The Nation.

While acknowledging lingering legal challenges tied to some revenue sources, Otu assured that steps are being taken to address them, noting that clearing these hurdles would unlock additional economic potential for the state.

Observers say the administration’s focus on revenue optimisation and inclusive policies reflects a broader effort to reposition Cross River as a competitive and self-reliant economy within Nigeria.