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Wednesday, 30 August 2017

NO INVESTMENT IN CROSS RIVER STATE IN 2017 - NBS


No dime has been attracted by Cross River State in the first half of 2017 says a report by the National Bureau of Statistics (NBS).

The NBS in its Quarter 2 report showed that over 30 states did not attract a dime in Capital Importation between April and June which makes it 6 straight months as the Quarter 1 capital importation report also showed Cross River state did not attract a dime in investment between January and March 2017.

This is contrary to statements credited to Cross River Governor, Senator Ben Ayade that the state is witnessing a huge inflow of investments with his aides positing that the numerous Memorandum of Understandings signed by the Governor were yielding results.

A sobriquet was then formed; “MoUs in action.”

The report showed Lagos has attracted 97.07% of the USD1.792.3 billion due to its status in the country as the financial capital as the stock exchange and most of trading is done in the state.














Cross River Watch.

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