In the next two years, the abandoned Tinapa Business Resort may return to life, all things being equal. This is because the government of Senator Bassey Out is working with the Assets Management Corporation of Nigeria’s (AMCON) to sort out all outstanding indebtedness as part of the processes for the revival of the resort.
On Friday, at an emergency meeting of the state executive council, the state government reviewed the Tinapa situation and approved the acceptance of AMCON’s offer to settle outstanding indebtedness for the business and leisure resort.
According to the terms of settlement, within eighteen months, the state government would have made full redemption of its obligations through equal monthly installment payments and thereafter, pave way for future investments and revitalization efforts for the resort.
Speaking while presiding over the 2024/5th State Executive Council Meeting held on Friday in Calabar, the governor, Senator Bassey Otu was quoted as saying that a good number of achievements have been recorded by his administration in the last one year. “Much more would have been recorded if not for some obvious challenges that are receiving attention currently”, he added.
According to the Commissioner for Information, Mr. Erasmus Ekpang, who spoke with journalists after the exco meeting, some of the major approvals in the 5th Exco of the current year include, an approval granted to the draft Executive Bill seeking to establish a State University of Education and Entrepreneurship in Awi, Akamkpa local government area. The proposed university is to take over the current facilities of the State College of Education, Awi, Akamkpa local government area.
The commissioner explained that the approved executive bill would be transmitted to the State Legislature for further legislative action, including Public Hearing by the legislature, before final nod is given to the proposal.
Also, the Exco approved a proposal seeking a strategic collaboration in the state between universities and MDAs to foster local fabrication of basic necessities in Agriculture, Education materials, Health care, Water and Sanitation.
The state Library which is currently under renovation got an approval for a revised scope of work after it was disclosed that the earlier contractor, an indigenous firm, disappointed the State and had its contract revoked.
Cabinet also approved the proposal for Urban Water Rehabilitation to be facilitated by development partners, without cost to the State Government. The said funds will be credited as grant in tranches within the duration of the project.
Another strategic approval of the Exco, the Information Commissioner disclosed, was the approval for the release of the State counterpart fund for the Special Agro-industral Processing Zone (SAPZ) Programme of the Federal Government.
