By Solomon OKPO
The Cross River State Government has taken a major step toward improving commercial infrastructure with the signing of a Memorandum of Understanding (MoU) with Messotho Group Limited for the relocation and development of the famous Calabar Watt Market.
The agreement, aimed at establishing an ultra-modern market in Calabar, underscores the state government’s commitment to strengthening commercial activities, enhancing public facilities and promoting long-term economic growth.
The Commissioner for Commerce, Hon. Dr. (Mrs.) Abigail Orok Duke JP, signed the MoU on behalf of the state government. She expressed optimism about the project, describing it as a significant intervention that would provide traders with a more organized, efficient and business-friendly environment while raising the overall standard of market infrastructure in the state capital.
According to her, the initiative aligns with the government’s broader economic development agenda and will improve the ease of doing business for traders and investors alike.
The proposed market, to be located in Henshaw Town, Calabar South Local Government Area, is expected to open up new business opportunities, boost local commerce and contribute meaningfully to the ongoing transformation of Cross River State’s economic landscape.
Upon completion, the ultra-modern facility is anticipated to serve as a major commercial hub, further positioning Calabar as a center for trade and economic activities in the region.
