..Describes it as Intentional Leadership Milestone The Cross River State Commissioner for Information and Orientation, Pastor Ekpenyong Cobham, has lauded Governor Senator Bassey Edet Otu following the formal accreditation of the State as an official oil-producing State by relevant federal authorities. The historic designation, he said, fundamentally alters the State’s economic trajectory and unlocks access to critical federal revenue streams. In a statement issued in Calabar, weekend, the Commissioner conveyed the State’s profound appreciation for the milestone, describing it as the direct result of principled governance and not mere happenstance. “This is not a coincidence, but a product of your deliberate choice to place the people’s interest above self, and your determination to raise the bar of leadership with virtuous values,” Commissioner Cobham said, addressing the Governor directly. He emphasized that the administration’s commitment to transparency and public welfare had yielded tangible, large-scale results for the state. Cobham drew biblical parallels to underscore the administration’s journey to the milestone, citing Hebrews 11:3 and Romans 8:29 to illustrate the faith, foresight, and perseverance that sustained the government through the rigorous accreditation process. He noted that the achievement is a testament to vision backed by unwavering resolve. The Commissioner expressed optimism that the new status will catalyze a comprehensive economic recovery. “This designation is the key that unlocks a new chapter for Cross River, one defined by accelerated growth, infrastructural modernization, and the revival of our local economies,” he added. According to Cobham, the formal accreditation positions Cross River to benefit from the 13% Derivation Fund, a constitutional provision that allocates a percentage of oil revenue to producing states. He explained that the State is now eligible for enhanced intervention projects from the Niger Delta Development Commission, NDDC, and other specialized federal agencies, significantly strengthening its fiscal capacity for capital projects. For decades, Cross River’s potential as an oil-producing State remained a subject of contention within federal circles. The current administration’s successful push for verification and official recognition is expected to expand the State’s revenue base and drive critical infrastructure development across the State. Industry analysts say the development represents a strategic pivot that will attract private sector investment and create new employment opportunities, marking a significant shift in the State’s economic landscape.
By Nakanda Iyadim
