As politicians in Cross River State begin to jostle against 2023, it is important for everyone to be reminded of what is one of the State’s biggest challenges – It’s debt burden. Going by 2019 records, Cross River State owes more than N230 billion. This debt is divided into external debt of $209million and domestic
In one of my earlier articles, Labouring under a deadly burden, I wrote about one of Cross River State’s biggest challenges – It’s debt burden. I reflected on the fact that the State’s debt grew by 78% from 2014 to 2019 leaving it with debt of more than N230 billion. Debt is not necessarily a
By Jeremiah Archibong and Jonathan Ugbal Former Governor of Anambra state, Peter Obi has said the decision of Cross River Governor, Senator Ben Ayade to borrow for the proposed 260kilometers superhighway is a misplaced priority due. Obi stated this Monday in Lagos while delivering a speech on the Nigerian economy on ‘The Platform’ where he