Cross River State Sees Significant Revenue Growth, Aims for N10bn Monthly by 2026

Cross River State has announced a significant growth in revenue, with a 39.7% increase in the first half of 2025. This growth is attributed to the state’s efforts to diversify its economy and improve its revenue collection mechanisms. The state government has set an ambitious target of generating N10bn in monthly revenue by 2026. To achieve this goal, the government plans to focus on key sectors such as agriculture, tourism, and manufacturing. The state has already seen an increase in investment in these sectors, with several new projects and initiatives being launched. The government has also implemented various reforms to improve the business environment and make it easier for investors to operate in the state. These reforms include the simplification of tax payment processes and the reduction of bureaucratic hurdles. The state has also invested heavily in infrastructure development, including the construction of new roads, bridges, and other critical infrastructure. This investment is expected to improve the state’s connectivity and make it more attractive to investors. The government has also launched several initiatives to promote entrepreneurship and job creation, including the establishment of a new entrepreneurship development center. The center will provide training and support to young entrepreneurs, helping them to develop their business ideas and access funding. The state has also seen an increase in the number of small and medium-sized enterprises (SMEs) operating in the state, with many of these businesses benefiting from government support and funding. The government has also implemented various measures to improve the state’s security, including the deployment of more security personnel and the establishment of a new security task force. The state has also invested in the development of its human capital, with a focus on education and healthcare. The government has launched several initiatives to improve the quality of education in the state, including the construction of new schools and the provision of training for teachers. The state has also seen an improvement in its healthcare sector, with the establishment of new hospitals and the provision of more healthcare services. Overall, Cross River State’s revenue growth is a positive sign for the state’s economy, and the government’s efforts to diversify the economy and improve revenue collection mechanisms are expected to continue to yield results in the coming years.

Source