All Investors Coming To Cross River Will Sign MoU On Corporate Social Responsibility With Host Communities – Anthony Imoh, SA Local Content

In Breaking News, Business & Economy, National News, Reports

By CrossRiverWatch admin

SA Local Content, Anthony and the Ndidem of the Quas and Paramount Ruler of Calabar Municipality, His Majesty Ndidem Patrick Inok Oqua Agbor (V)
SA Local Content, Anthony and the Ndidem of the Quas and Paramount Ruler of Calabar Municipality, His Majesty Ndidem Patrick Inok Oqua Agbor (V)

As part of his efforts to ensure that communities in Cross River State enjoy the benefits of their natural endowments, the Special Assistant to the State Governor on Local Content, Anthony Imoh has said that all companies coming into the State for operations must hence forth, sign Memorandum of Understanding (MoU) with their host communities for Corporate Social Responsibilities.

The SA to Governor Ayade made the assertion recently when he paid a solidarity visit to the palace of the Ndidem of the Quas and Paramount Ruler of Calabar Municipality, His Majesty Ndidem Patrick Inok Oqua Agbor (V).

According to Imoh: “In Cross River State, any company coming to do operations; marine, industrial operations will have to sign a Memorandum of Understanding (MoU) with the host community stating what they will do for the community, telling the community how to engage the youths for employment, as part of their Corporate Social Responsibility, hence forth and also talk about the community development.”

“So I can assure you, Your Majesty, that from today all the companies I have made contacts with, I am going to bring them down to your palace and sit down with and draft an agreement, they should tell you their development plan for the community.”

Concluding he stated that it is to the betterment of the State that the MoU is signed to enable host communities benefit from their heritage.

Responding, His Majesty, Ndidem Patrick Inok Oqua Agbor (V) lauded the initiative stating that it is long overdue. The King further hinted the SA that his focal point should not just be the State capital but the entire State as “development is fast moving” he said.

He warned that the benefits of the inflow of investors into the state should not just be enjoyed by the host communities alone but the entire State.

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