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Investments Nigerian Army to invest in Obudu Cattle Ranch

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Nigerian Army to invest in resorts play

Nigerian Army to invest in resorts

(Business Daily)

Nigerian army decided to invest in the Obudu Ranch mountain resorts in Cross River state which in recent times seen an influx of both Nigerian and international tourists as well.

Mr. Umaru Mohammed, the Managing Director of the Nigerian Army properties Limited clarified this during a meeting with Governor Ben Ayade of Cross River State at the Government House in Calabar, Tuesday. He also added that this investment which will entail creation of access both by air and land as well as communication facilities, will open up the facility and attract the desired traffic from within and outside the country to enhance its economic status.

Mr. Mohammed, speaking about the company recently established said “The Nigerian Army, just like their counterparts in the civilized societies globally is repositioning and now has a company that is exploring and fully harnessing business opportunities that abound in the country with the support of experts to participate in them.”

Mr. Mohammed said, “The essence of the business is to add value to the army and to this end, we are recruiting credible Nigerians as partners to actualize this project with the sole aim of developing capacity which will in turn develop the system and society at large”.

Ayade appreciated the path-breaking move by the Nigerian army and called it as a 'Welcome development'.

We are expectant that Cross River State will now be a new corridor of business explosion that will show we can move Nigeria from its third world status to first world in four years.  This partnership should develop into a big wild fire that will ignite a new challenge in business horizon of Nigeria.” Ayade observed.

To attract further investments, the state is building a 260 km superhighway from Calabar seaport to Obudu and evacuating into northern Nigeria. The governor therefore urged the investors to fund the construction of Super Highway, which he said was being constructed through Public Private Partnership, PPP.

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